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

In today's newsletter: Today the UK central bank is due to end its rare, urgent bond-buying to help stabilise the economy - but why, and what does it mean for you?

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.

Finance | Research by the Trades Union Congress has found that bankers bonuses have doubled since the 2008 financial crash. The TUC says bonuses in the finance and the insurance sector have reached 20,000 a year on average.

Twitter | Federal authorities are investigating Elon Musk's $44bn takeover deal with Twitter. It is not clear which authorities are investigating or what the focus of the inquiry will be.

US | A Florida jury has recommended life in prison for Nikolas Cruz, the 24-year-old responsible for the 2018 Marjory Stoneman Douglas high school shooting, the deadliest such act in US history. Cruz killed 14 students and three staff members.

Social care | The Guardian has obtained footage that reveals an 88-year-old woman with dementia was mentally and physically abused in Reigate Grange, a luxury UK care home that can cost up to 100,000 a year.

Education | A landmark court judgment has given students from migrant families in Scotland the same right to free university tuition as their peers.