attend theirfirstjoint engagement since the end of formal mourning. live from our studio in singapore this is bbc news. it s newsday. britain s finance minister kwasi kwarteng, has told the conservative party conference in birmingham that he s still determined to deliver his economic plan hours after performing a major u turn on a flagship policy. he s abandoned a proposal to lower taxes for high earners, following widespread criticism, turmoil in the financial markets and a dramatic drop in the value of the pound. the chancellor acknowledged his plans caused, what he called, a little turbulence in the economy. he s now also expected to bring forward his next financial statement from the 23rd of november to this month. here s our political editor, chris mason. first thing this morning, things are moving. and fast. the planned tax cut for the highest paid is being junked. the government has blinked. it was an ambitious plan, and we talked to lots of people up and down the
we start in the uk, where we now have a new finance minister after a night of high political drama. the former chancellor rishi sunak handed in his resignation on tuesday evening, citing a failure of leadership from the prime minister in his handling of the latest political scandal. this left the top finance job up in the airfor a few hours before nadim zahawi was appointed as the new chancellor of the exchequer. this comes at a critical time for the economy as the uk grapples with a cost of living crisis and rising inflation. this was acknowledged in rishi sunak s resignation letter. he said: now, this is being read by some as a defence for current high taxes which could mean that the new man in the job may have been brought in to change that. so what can we expect from the new chancellor? i m joined byjustin urquhart stewart founder of the investment platform regionally. justin, platform regionally. good morning to you. so, justin, good morning to you. so, let s talk abou
on the backbenches. is that the sort of thing you want to hear? of thing you want to hear? i cannot seak for of thing you want to hear? i cannot speak for her of thing you want to hear? i cannot speak for her and of thing you want to hear? i cannot speak for her and she of thing you want to hear? i cannot speak for her and she will - of thing you want to hear? i cannot speak for her and she will want i of thing you want to hear? i cannot speak for her and she will want to l speak for her and she will want to justify speak for her and she will want to justify her speak for her and she will want to justify her own speak for her and she will want to justify her own use speak for her and she will want to justify her own use of speak for her and she will want to justify her own use of words i speak for her and she will want to justify her own use of words and i justify her own use of words and position justify her own use of words and position but justify her own use of wor