Truss, Kwarteng said to consider announcing corporation tax rise today

Kwarteng's arrival in London is now being watched quite carefully as there might be things set into motion upon the plane landing - which seems to be scheduled for 0944 GMT at Heathrow. An increase in corporation tax (now at 19%) looks to be on the cards and that could come later today after Kwarteng is back.

30-year gilt yields are seen down 13 bps to 4.41% on the day. The pound has also trimmed losses on the news from 1.1270 to 1.1300 against the dollar. Keep your eyes and ears peeled as the volatility Volatility In terms of trading, volatility refers to the amount of change in the rate of an index or asset, such as forex, commodities, stocks, over a given time period. Trading volatility can be a means of describing an instrument’s fluctuation. For example, a highly volatile stock equates to large fluctuations in price, whereas a low volatile stock equates to tepid fluctuations in price. Overall, volatility is an important statistical indicator used by many parties, including financial traders, analysts, In terms of trading, volatility refers to the amount of change in the rate of an index or asset, such as forex, commodities, stocks, over a given time period. Trading volatility can be a means of describing an instrument’s fluctuation. For example, a highly volatile stock equates to large fluctuations in price, whereas a low volatile stock equates to tepid fluctuations in price. Overall, volatility is an important statistical indicator used by many parties, including financial traders, analysts, Read this Term doses look set to carry on before the weekend.

Liz Truss and Kwasi Kwarteng weighing up whether to announce corporation tax rise today after chancellor's early flight back from the US

Despite repeated official denials, two senior Downing Street source confirm it's being considered but say no decision has been taken

— Steven Swinford (@Steven_Swinford) October 14, 2022