Friday briefing: How to understand gilts, yields and the Bank of England’s action to aid the economy

The Bank of England, which stepped in to aid the economy of the controversial ‘mini-budget’. Photograph: Martin Godwin/The Guardian

Good morning.

The chancellor, Kwasi Kwarteng, has cut short his trip to Washington, returning to London for urgent talks in Downing Street because of widespread expectations that another massive U-turn, this time on a cut to corporation tax, is imminent. Read on for the latest developments.