BREAKING: Suella Braverman has left her role as the UK’s home secretary, The Guardian reports, piling even more pressure on Prime Minister Liz Truss trib.al/PlvPx0v NEW: Liz Truss’s advisers are concerned members of her Cabinet are planning to resign to try to force the UK prime minister out of office, after Home Secretary Suella Braverman resigned trib.al/ZHLMSmQ

For potential homebuyers and borrowers in the UK the question now is what’s next for mortgages after weeks of turmoil

We crunched the numbers to get some answers ⬇️

bloom.bg/3S9gLqz Q: How much and when will my mortgage go up?

A: Unlike fixed-rate mortgages, tracker mortgages follow fluctuations in the market

When the Bank of England raises their policy rate, tracker mortgage rates increase immediately in line with the BOE’s hike bloom.bg/3S9gLqz

BREAKING: UK Chancellor Jeremy Hunt announces government will scrap planned income tax cuts indefinitely and shorten energy bill support scheme, as he lays out overhaul of mini-budget that sparked market turmoil bloom.bg/3D3iaL3 Pound extends gains against dollar as UK Chancellor Jeremy Hunt reverses almost all tax cuts from mini-budget bloom.bg/3D3iaL3

With Chancellor Jeremy Hunt set to speak and pressure on Liz Truss rising, it's going to be another big day for UK markets and politics

We'll bring you all the latest updates: trib.al/cq6yzdm Mel Stride, the influential Tory chairman of the Treasury Committee, is due to host a dinner this evening to encourage colleagues to back Rishi Sunak for prime minister

Latest updates: trib.al/cq6yzdm

BREAKING: UK Prime Minister Liz Truss announces government will reverse planned freeze on corporation tax, which will raise £18 billion a year, admitting mini-budget went "further and faster than markets were expecting" bloom.bg/3EFA47I BREAKING: UK Prime Minister Liz Truss U-turns on corporation tax, confirming it will rise to 25% as previously planned under Boris Johnson's government bloom.bg/3EFA47I

Liz Truss has been prime minister for just five weeks, and MPs are already talking about removing her

Here are betting odds on who might replace her ⬇️ bloom.bg/3rTc6OO Rishi Sunak is the clear frontrunner if Liz Truss is forced out. Sky Bet is offering 2/1 odds

bloom.bg/3rTc6OO

BREAKING: Kwasi Kwarteng leaves the UK government, with Jeremy Hunt reportedly set to replace him as chancellor

Latest updates: trib.al/UvBMZGD "You have asked me to stand aside as your Chancellor. I have accepted" — Kwasi Kwarteng confirms that Prime Minister Liz Truss has sacked him after weeks of market turmoil following the new UK government's mini-budget

Read his full letter: bit.ly/3esODkD

With a U-turn on tax cuts expected from PM Liz Truss and reports that Kwasi Kwarteng is being fired as chancellor, it's going to be another busy day for UK markets and politics

Live updates: bloom.bg/3EFA47I "In a sign of how extraordinary this is, markets have responded pretty positively to the reports of Kwarteng’s departure," says @_DavidGoodman

"The pound pared its losses against the dollar, while gilts have hung onto their strong rally"

Latest: bloom.bg/3EFA47I

The UK's financial woes are reverberating far beyond the country’s borders

Now, the turmoil may change how central banks around the world choose to deal with inflation, says @johnauthers (via @opinion)

➡️ bloom.bg/3CvCi77 @johnauthers @opinion Britain’s sudden descent into crisis only days after Queen Elizabeth II was laid to rest has already devoured the credibility of several of the most important institutions in national life bloom.bg/3CvCi77

NEW: "It started with Brexit"

Markets revolted against Liz Truss's fiscal policies, but the UK's self-inflicted financial crisis was years in the making ⬇️ trib.al/gsNUgxw Last week, the government unveiled its mini-budget

It featured the biggest tax cuts since 1972, with scant detail of how they will be financed

Reaction in the markets was swift and brutal trib.al/gsNUgxw

BREAKING: Bank of England says it will carry out temporary purchases of long-dated UK bonds and delay planned sales of debt, causing pound to spike briefly and bonds to surge trib.al/szyGRSM Yields on 30-year gilts plummet from their highest since 1998, after the Bank of England said it will intervene to help restore order to the market trib.al/szyGRSM

Chancellor Kwasi Kwarteng's mini-budget has sent UK markets into meltdown:

• Pound down 1.7%
• UK bond yields rise
• Traders ramp up wagers on 100-point BOE rate hike in November

Latest updates: bit.ly/3S9yO0B Pound now down 2% against the dollar

Latest updates: bit.ly/3S9yO0B

Key announcements in Kwarteng's mini-Budget:

• Additional rate of income tax abolished

• Cap on bankers bonuses lifted

• Planned corporation tax rise scrapped

• Stamp duty threshold raised

• Creation of low-tax investment zones

Live updates ⬇️ trib.al/IcL1Upe This is how the pound has reacted to Kwasi Kwarteng's mini-budget

Latest updates: bit.ly/3S9yO0B

BREAKING: The Bank of England hikes interest rates by a half percentage point to 2.25% in a bid to tackle soaring inflation trib.al/nrblq8P BREAKING: Bank of England officials lower their forecast for peak inflation from more than 13% to less than 11% and suggest a deep recession may be averted as a result of Prime Minister Liz Truss’s energy relief plan bit.ly/3dA7rhk

JUST IN: Energy firms may make excess profits of £170 billion over the next two years, according to Treasury estimates trib.al/gwQ0Qki The Treasury's prediction lays bare the revenue-raising potential of a windfall tax

The assessment will be delivered to the new prime minister when they take office on Sept. 6, according to a source trib.al/gwQ0Qki

Germany’s three-month experiment with super-cheap public transport reduces carbon dioxide emissions equivalent to powering about 350,000 homes for a year trib.al/BQO0FTg The 9-euro monthly ticket allows nationwide travel on regional trains, subways, trams and buses

It prevented 1.8 million tons of CO2 because commuters didn’t use their cars as much, according to the VDV public-transport lobby bloom.bg/3AY1B2c

After suffering from unprecedented shocks in recent years, the UK is succumbing to more intractable problems marked by plodding growth, surging inflation and a series of damaging strikes trib.al/kmkgWSg The result of those problems?

A plunge in consumer confidence that analysts warn may lead to a recession bloom.bg/3OLMb4S

BREAKING: Russia defaults on its foreign-currency sovereign debt for the first time in a century trib.al/L2x1NKc The last time Russia fell into default vis-a-vis its foreign creditors was when the Bolsheviks under Vladimir Lenin repudiated the nation’s staggering debt load in 1918 bloom.bg/3OBZ4Pi

Britain’s polio-free status could be at risk for the first time in almost two decades

Here's what you need to know ⬇️ trib.al/gxf0aFg ▶️ What's happened?

Several samples of vaccine-derived poliovirus were found during routine London sewage testing

The government has set up a national incident team to investigate the matter bit.ly/3bjD1hJ

The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks trib.al/X0Nn7Su The view among experts is that Brexit isn’t the cause of the cost-of-living crisis, but it will make solving the problem harder in the UK than anywhere else bloom.bg/3n7Uyw3

Congratulations to the team of @business reporters and editors who won this prestigious prize from The Wincott Foundation ⬇️

Read their story on MSCI: bloom.bg/3lP5NZH

https://twitter.com/Wincottfound/status/1529823841425317891

@business The investigation showed that popular ratings driving trillions into sustainable investing have little connection with a company's impact on the planet bloom.bg/3lP5NZH