commerz bank is down 3% let's stick with the european trade and the uk government led by prime minister liz truss pulls a policy pivot and abandons a key as expect of thee plan one that forced the bank of england to intervene we have a lot to unpack. let's go to arabile gumede in berm birmingham what is happening in birmingham right now? >> reporter: dominic, a lot of news happening particularly it has been a moving monday morning for sure in birmingham. the uk chance lollor announcingh 45% tax cut which was meant to be cut has been taken away abolishing that move the aim of that to try to make the taxes simpler and be in line with the g7 countries. the problem becomes that you now reneges on the promise you put forward as a government and element that liz truss had gone on the campaign trail about. the tax cuts were critical she did get a mandate from the conservative party members saying to her that it was not the right way to go about things then she decided she has moved along and decided against it noting in the tweet today that we get it and we have listened the abolition of the 4