The FT News Briefing is supported by Equinole, the UK's energy partner.

Learn more at equinole.co.uk

Good morning from the Financial Times.

Today is Thursday, September 29th, and this is your FT News Briefing.

The UK market turmoil has morphed into a political mess.

Brazil is days away from an epic presidential election.

So this election has been described as the most consequential since the return of democracy to Brazil.

And buckle up because Porsche is listing on the stock market today.

I'm Sonya Hudson and from Mark Filipino, and here's the news you need to start your day.

The Bank of England is in crisis mode.

Last week, Chancellor Quasi Quarteng announced a tax cut and borrowing plan.

Financial markets totally lost it.

The pound plummeted, and there was a sell-off in the UK government bond market.

So yesterday, the central bank launched an emergency bond buying program

to stabilize the government debt markets and pensions.

The Bank of England is planning to spend 5 billion pounds a day

for the next few weeks buying long-dated bonds.

The move boosted bond prices and yields dropped.

But the political damage is done.

The FT's George Parker says there's even a backlash among conservative party members.

Tweets from one conservative MP from this Trust's own party saying this inept madness cannot go on.

So this is 1.7 MP completely laying into his own government.

...