Kwasi Kwarteng says the proposals, announced just 10 days ago, had become "a distraction".
Neither presidential candidate got more than 50% of the vote, meaning they will face off on 30 October.
The owner of the UK's biggest power station, Drax, is cutting down key forests in Canada.
They will make their first joint public appearance since the period of royal mourning ended.
Prehistoric footprints on Formby Beach have revealed how the British coast transformed over 9,000 years.
Young people with cancer say they are struggling with rent and bills because of soaring living costs.
Paris's relative absence in its supply of weapons to Ukraine leaves eastern European countries wary.
Reports say a large number of student protesters at Sharif university have been trapped on the campus.
The photos, featuring original drummer Pete Best, were taken a year before debut single Love Me Do.
Viral videos in the US have shown a surprising card game win - and fish stuffed with weights.
Veterans seek justice 70 years after Britain exploded its first nuclear bomb in Operation Hurricane.
Growing concerns within the Conservative Party over the PM's tax plans dominate Monday's papers.
Whole-body EMS suits are the new big thing in fitness, but do they work?
Singer Jacob Lusk on the musical rebirth that saw him form the year's most talked-about new band.
The animal is caught on camera after forcing its way through a cat flap and eating pet food.
The family of a girl awaiting a heart transplant are asking parents to consider organ donations.
The Junkoactive Wasteman and the Tin Can Twins are touring festivals and shows with their music.
A disability charity uses a tegu lizard during therapy sessions.
Up to 1.6 tonnes of explosives were used to level the 65m (213ft) structure.
The tech billionaire claims the robot will change the future of physical work.
Original 1994 police inquiry ignored evidence and instead made murder case against boy’s mother, BBC finds.
Could a new "banking hub" solve the problems caused by the departure of five banks from Brechin?
A closely-watched case where business titan Richard Liu was accused of rape was settled hours before trial.
South Korean orphan Milton dreamed of making it to America, the land of his father. One day he seized his chance.
Celebrating multicultural, multi-faith Britain will underscore the new King's first official visits.
As the Tory party conference starts, MPs, the market and the public need reassurance, the BBC's Ione Wells says.
Florida residents face tough choices about whether to stay or leave in the aftermath of Hurricane Ian.
The schoolgirl who took her own life aged 14 had a secret Twitter account which reveals her thoughts.
Almost four decades on, the unlikely friendships made during the 1984 miners' strike remain strong.
Over-50s can get another Covid booster, as can younger people who are at higher risk, and NHS staff.
The deadliest tally in years comes amid a big increase in Israeli military raids.
Western nations have imposed severe sanctions on Russia over its invasion of Ukraine.
Why Manchester City's Erling Haaland is Cristiano Ronaldo, Zlatan Ibrahimovic and other elite strikers in one player.
Why England have some nice conundrums to solve before they line up for their first T20 World Cup match against Afghanistan.
Supporters who invaded the pitch are tear-gassed by police, leading to one of the world's worst stadium disasters.
Match of the Day 2 pundit Jermaine Jenas analyses Manchester United's "shocking" display in their 6-3 Premier League derby defeat at Manchester City.
Solheim Cup player Charley Hull wins for the second time on the LPGA Tour with a one-shot victory at The Ascendant in Texas.
Prime Minister Liz Truss made claims on growth, borrowing costs and mortgage rises.
All UK households will get a grant which will reduce energy bills by £400 from October.
Interest rates are at their highest level for 14 years. Here is what it means for you.
More and more people are being forced to turn to additional jobs, according to a report by Royal London.
1. How to understand rising interests rates. Last week, the central banks of the US, UK, Sweden, Switzerland and Norway raised interest rates. For four out of the five, it wasn't the first significant hike of the year. Beyond the headline figures, what do these rate increases mean for the broader economy and people's everyday lives? READ MORE >>
2. Poll predicts easy Labour win. Labour is on course to win a 56-seat majority at the next election, according to a major new poll from Savanta ComRes. Voting intention shows Labour in the lead with 45%, the Conservatives at 33%, the Lib Dems at 10%, the Greens at 4% and Reform at 3%. The modelling suggested that with such a lead, Labour would regain many so-called Red Wall seats. The results will “pile pressure” on Liz Truss and Kwasi Kwarteng to demonstrate that their plans for the economy will work. iNews
3. Middle managers feel the pressure. Middle managers are feeling the post-pandemic strain as work patterns and team expectations have realigned. Dealing with senior management's resistance to higher pay and hybrid working plans, while managing team expectations and looking after their wellbeing can take a toll on managers. Research found that 74% of managers felt they don’t have the influence or resources to make changes for their teams, and 54% say leadership is out of touch with employees. Experts suggest supporting middle managers with more training to bolster their soft skills and offering recognition instead of blame. Financial Times
4. 86% want to continue four-day week. Nearly nine in 10 companies taking part in the UK trial of a four-day week said it was working so well they intended to continue the shorter working week after the pilot. The six-month experiment is taking place globally, run by thinktank Autonomy, researchers and four-day week campaigners. In the UK more than 70 firms have signed up to trial a four-day week on no less pay, from marketing firms to a fish and chip shop. Almost half (49%) said productivity had improved, while 46% said output was around the same as usual. Meanwhile, a study from Microsoft found that eight in 10 bosses think their staff do less when they work at home. ITV
5. Is university still worth the money? Given the soaring cost of living, some young people may be reconsidering how much value a university degree still offers. Currently, graduates need to earn £65,000 to even reduce their debt at the current repayment interest rate of 7.3%. In addition, there can be big disparities in pay after graduation, with high earners taking home twice as much as the lowest paid. Do you think a university degree is still worth the money? Have your say in our latest poll. VOTE HERE >>
6. Northern Ireland census a blow to unionists. Catholics outnumber Protestants in Northern Ireland for the first time. Results from the 2021 census released yesterday showed that 45.7% of the population are Catholic or from a Catholic background compared with 43.5% from Protestant or other Christian backgrounds. The Irish Times said the results will “fire up those pushing for a united Ireland poll and dishearten an already insecure unionist population”. Unionists have for decades relied on a “supposedly impregnable Protestant majority to safeguard Northern Ireland’s position in the UK”. The Guardian
7. Little improvement in British diets. The average British diet has barely improved over the past 30 years, according to a study in The Times. Using the Alternative Healthy Eating Index, which ranks different diets from a range of cultures on a scale of 0 to 100, where 0 would represent very heavy consumption of sugar and processed meats while 100 would be an ideal balance of healthy food, the British diet had improved by just 1.5 points between 1990 and 2018. The researchers behind the study hope their findings could help governments to encourage their populations to eat more nutritious food. Meanwhile, an Opinium survey found that 5.6m Britons have gone without food in the past three months as a result of the cost-of-living crisis. The Guardian
8. Walk faster for more health benefits. Thirty minutes of brisk walking a day can lower your risk of heart disease, cancer, dementia and death, compared to walking a similar number of steps at a slower speed, research has found. The risk of dementia was lowered by 50% in study participants who walked 9,800 steps a day, but, people who walked 3,000 of those steps briskly, over around 30 minutes in a day, boosted the risk-reduction benefits by 35%. What constitutes a brisk pace will be different for everyone, but researchers said it meant one which took “moderate effort”, where you can speak but not sing. They also said the 30 minutes can be made up of bursts of brisk walking across the day. New York Times
9. Tearful Federer waves goodbye. Roger Federer wept as he stepped down from professional tennis after teaming up with fellow great Rafael Nadal on an emotional night at the Laver Cup. The 41-year-old Swiss received a lengthy ovation after walking off court for the final time as he retired as a professional. After match point, he said: “I enjoyed tying my shoes one more time … the match was great. I couldn’t be happier. It’s been wonderful.” Having won 20 Grand Slam singles titles, Federer is widely considered the best player in tennis history. The Observer
10. The bottom line. Increasing interest rates will cause “real financial pain for millions of households”. The Bank of England raised rates last week from 1.75% to 2.25%, the highest level for 14 years and the seventh rate rise in a row as it tries to tame soaring prices. The bank also said the UK may already in be recession, as it expects that the economy has shrunk between July and September. Sky News
Kwasi Kwarteng says the plans had become a 'distraction' from challenges facing the country.
The PM tells Sunday with Laura Kuenssberg she has learned from the fallout that followed the mini-budget.
The shadow chancellor says the government is conducting a "mad experiment" with the UK economy.
Former minister Michael Gove criticises plans to borrow money in order to fund tax cuts.
As Wiltshire Police kit up for the new season we find out how it is big business in China.
Up to 1.6 tonnes of explosives were used to level the 65m (213ft) structure.
The Junkoactive Wasteman and the Tin Can Twins are touring festivals and shows with their music.
Lance Armstrong said he'd apologise to the man he sued for reporting on his doping
The prime minister said the decision to abolish the top rate was made by the Chancellor, Kwasi Kwarteng.
Two young people brought up in care speak about how they want to challenge stereotypes.
Listen to some of the key moments from the prime minister’s first interviews since the mini-budget announcement.
The PM says her government needs to continue to "deliver economic growth, jobs and opportunities".
Andrew Griffith says the UK is dealing with the same issues as other major economies affected by the Ukraine war.
The Labour leader attempts to reposition his party in a major speech delivered in Liverpool.
Labour delegates cheer as their deputy leader says her party delivers 99% of what it pledges.
Ron Gittins transformed his rented home in Birkenhead and now campaigners are trying to buy it.
The rugby league star aims to run 300 miles (482km) in a week to raise funds for motor neurone disease research.
Rachel Reeves says unfunded commitments by Kwasi Kwarteng are causing the sell-off of sterling.
The national anthem has been sung at Labour conference for the first time in recent memory.
It is being trialled to help people with prosthetic arms enjoy sports such as surfing and yoga.
Faisal Islam explains what the biggest tax cuts in 50 years mean for those across the income scale.
Kwasi Kwarteng said "a reboot, a rethink" was needed for the UK economy and to help the less well-off.
The new chancellor revealed several changes to taxes in his mini-budget - the first major statement for him.
The widely watched dancing competition has paired the celebrities, including comedian Ellie Taylor and actor Will Mellor, with their dancing professionals.
US President Joe Biden surprised Sir Elton John by giving him a medal for his contribution to music.
The former Labour leader recalls the “condemnation” he received when he proposed borrowing for the UK economy.
Lindsay Hoyle says he is disappointed news wasn't revealed to Parliament before the media got the details.
Radio 2’s Jeremy Vine has spoken about his experience at the hands of convicted stalker Alex Belfield.
Victoria Cross recipient Captain Limbu was unable to go to the state funeral but still made a special tribute.
Thousands of people turned out to watch Queen Elizabeth II's funeral in London and her final journey to Windsor.
The Queen's committal service has taken place at St George's Chapel, Windsor.
Key moments from Westminster Abbey at the first state funeral since 1965.
Huge crowds lined the Long Walk as the procession headed to St George's Chapel.
A mother and daughter were surprised to be the last to join the queue to see the Queen lying in state.
The musician looks back at 25 years as a solo artist and ponders what might come next.
Nick Robinson delves into the archive to explore the significance of the queue to see the Queen's lying-in-state.
People across the UK pause in a moment of reflection ahead of the late monarch's funeral.
John Sentamu says the Queen described her feelings in a letter a month after Prince Philip's burial.
The Queen Consort recalls her late mother-in-law's 'wonderful blue eyes' on the eve of the monarch's funeral.
Princes William and Harry and their cousins take part in a vigil beside the Queen's coffin in Westminster Hall.
King Charles III and the Prince of Wales speak to people waiting to see the Queen lying in state.
Officers tackle a man to the ground shortly before the monarch's vehicle passes by.
People gather in Windsor as members of the Armed Forces rehearse the Queen's burial procession.
Sitting with the heads of state at Monday's funeral will be Monty Roberts, a cowboy from California.
King Charles, Princess Anne, Prince Edward and Prince Andrew have held a silent vigil at Westminster Hall.
The footballer waited with members of the public to see Queen Elizabeth II lie in state.
People lining up for hours to see the Queen lying in state, say it's worth the long wait, to pay their respects to the monarch.
The writer and historian, Lady Antonia Fraser wrote a poem to the Queen following her death.
The defence secretary and Scottish secretary take part in the vigil as the monarch lies in state.
Amanda and Paula queued to pay their respects to the Queen from six in the morning on Wednesday.
Queen Elizabeth is lying in state in Westminster Hall for four days so the public can pay their final respects.
Queen Elizabeth's coffin is brought to Parliament to lie in state, so the public can pay their respects.
Video shows people in London waiting to see the Queen lying-in-state at 08:20 BST on Wednesday.
People are queuing through the night for the chance to walk past the Queen's coffin in Westminster.
The Queen's coffin arrives at Buckingham Palace to applause from large crowds lining the route.
Her coffin travels from Buckingham Palace to Westminster Hall, where the public can pay their respects.
King Charles III and Camilla, the Queen Consort, visit Northern Ireland as part of a tour of the UK.
Tens of thousands joined an overnight queue of more than a mile long to view Her Majesty's coffin.
The traditional Vigil of the Princes takes place in St Giles' Cathedral, Edinburgh.
The King and other royals follow a procession up Edinburgh's Royal Mile to St Giles' Cathedral.
Gwendolyn's niece wrote about the surprise on the BBC's online tribute page to the Queen.
The King has made his first visit to Parliament as monarch, with MPs and peers offering their condolences.
The Queen's coffin travels from Balmoral Castle to Edinburgh before flying to London on Tuesday.
After the death of the Queen, the reign of King Charles III is underway - here's how it began.
All four of the royals are seen together to view tributes to the Queen.
King Charles III is proclaimed king by is a historic ceremony, broadcast for the first time.
King Charles III gives his first speech as monarch after the death of his mother, Queen Elizabeth II.
Footage from inside the first audience with the British head of state and prime minister is rare.
Huge crowds awaited the new King as he arrived with the Queen Consort.
Mourners gathered at Buckingham Palace to pay tribute to Queen Elizabeth II.
From prime ministers to people on the street, the Commonwealth nations pay tribute to the Queen.
Politicians share memories of Queen Elizabeth II during a special session of parliament.
The Queen's long reign saw the world change dramatically.
Mourners outside Buckingham Palace pay their respects and explain what the Queen meant to them.
Mourners assemble outside Buckingham Palace to pay tribute to Queen Elizabeth II.
People in Sydney discuss what Queen Elizabeth II meant to them.
Prime Minister Liz Truss, speaking on Downing Street, reacts to the Queen's death.
The BBC's announcement of the death of Queen Elizabeth II.
The union jack was lowered to half-mast at Buckingham Palace, Holyroodhouse and No 10 Downing Street.
Lindsay Hoyle interrupts MPs to make a statement on the health of the Queen.
A typical household will pay no more than £2,500 a year in energy bills for the next two years.
Liz Truss is sworn in as the new prime minister - watch how the day unfolded.
In her first speech, the prime minister said she would focus on tax cuts, the energy crisis and the NHS.
After returning from Balmoral, Liz Truss addresses the UK for the first time from Downing Street.
The Duchess of Sussex gives her first speech since stepping down as a "working royal".
The former chancellor says he is staying in politics after losing the Conservative leadership contest.
New Tory leader Liz Truss must show she understands the challenges facing the country, says Sir Keir Starmer.
Tory voters choose Liz Truss as their new leader and she will become prime minister on Tuesday.
Jit Chauhan, 48, was drinking a litre of whisky a day when his alcoholism was at its worst.
Conservative leadership hopeful Liz Truss says she will immediately act to help people with soaring energy bills if she becomes PM.
Rishi Sunak or Liz Truss will be the new Conservative leader - watch the campaign's memorable moments.
Government flood maps show predicted climate change flooding scenarios in Northern Ireland up to 2080.
A ground-breaking Indian cookery programme was presented by the Indian actor turned food writer Madhur Jaffrey.
Friends and colleagues share personal stories of Bill Turnbull who has died at the age of 66.
Chef Tom Kerridge says many hospitality businesses are considering "mothballing" through the winter because of energy costs.
Boris Johnson says his government has not "shirked the big decisions" as he announces state backing for a new nuclear reactor.
Ovo Energy's Stephen Fitzpatrick says the new PM must address rising energy bills straight away.
The BBC spoke to party members in Norwich who will vote for the next leader and UK prime minister.
The PM claims people are more interested in broadband than "the fate of this or that politician".
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