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let s start here in the uk where the new chancellor has been holding crunch talks with the prime minister on sunday to thrash out plans on tax and spending. jeremy hunt says his focus is on growth underpinned by stability. the value of the pound has gone up against the dollar in early trading today in asia. we will look at the market numbers in a moment because the new chancellor has the tough task of restoring economic credibility in the financial markets. our international trade correspondent dharshini david explains some of the tough challenges he faces. as international trading resumed for the first time after the chancellor wrapped up an economic strategy launched just one month ago, but his version, will it reassure other financial markets? let s look at those challenges, because this is the cost of new government borrowing, as dictated by the bond markets, which also impact mortgage rates. that rate remained high on friday then it was prior to september s mini bu ....
so we ll get to our top story this morning. willie. it s front page of all the newspapers, pictures of president biden and governor ron desantis together one week after hurricane ian made landfall in florida, president biden warning more storms will come. the president visited florida yesterday, just days after surveying storm damage in puerto rico. in florida, president biden and governor ron desantis temporarily put politics aid aside as they met with residents in the fort myers area. we were fortunate to have good coordination with the white house and fema. one of the things you re seeing in this response, we are cutting through the bureaucracy, we are cutting through the red tape, and that s from local government, state government, all the way up to the president, so we appreciate the team effort. i think he s done a good job. look, i called him i think even before he called me when i heard the storm was on its way, we worked hand and glove. we have very dif ....
u turn this afternoon, possibly abandoning plans for lower corporation tax. she s due to hold a news conference in about half an hour. kwasi kwarteng has confirmed his being sacked in a letter to the prime minister which begins by saying he had asked him to set aside and that he had accepted amongst the other quotes in a letter saying that the situation he faces is incredibly difficult with raising global interest rates and energy prices and following the status quo was not an option. his letter continues, the economic environment has changed rapidly since we set out the growth plan on the 23rd of september together with the bank of england we have responded to those events and it concludes that it is important now, as we move forward to emphasise the government commitment to fiscal discipline. the medium term financial fiscal plan is crucial to this end. let s go live to our political correspondent leila nathoo who s at downing street. kwasi kwarteng has gone as chancellor a ....
get on touch with me on twitter. a man is due in court this morning charged with the murder of nine year old olivia pratt korbel. another man is charged with assisting an offender. the king and queen consort will undertake their firstjoint public engagements today since the end of the period of royal mourning for the queen. an investigation s underway after at least 125 were killed in a crush at a football match in indonesia one of the world s worst stadium disasters. no outright winner in the brazilian election left wing candidate luiz inacio lula da silva and right wingerjair bolsonaro will go to a second round run off. the man who makes his living from doodling talks to us. good morning. the government has this morning performed a huge turn and abandoned its plan to scrap the 45 pence top rate of income tax. the announcement from chancellor kwasi kwarteng came just a day after the prime minister liz truss backed the policy. in a statement, mr kwarteng sai ....
in sport, how haaland helped himself to another hat trick in city s humiliating defeat of rivals united on derby day. as the goals come, so do the records. good morning. start across scotland and northern ireland but increasing amounts of cloud and rain and strengthening winds, england and wales have a cool start with hazy sunshine and a few showers. all of the details later in the programme. it s monday 3rd october. our main story. pressure is growing on the prime minister to reconsider her plan to scrap the top rate of income tax, after several senior conservatives criticised the move. today, the chancellor will use his conference speech to insist the government will stay the course on its economic plans. here s our political correspondent ben wright. good morning, chancellor. it was his plan for debt funded tax cuts that threw financial markets into turmoil last week and has caused some panic in the tory party. but today the chancellor will echo his boss and insist there ....