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Good morning from the Financial Times.

Today is Thursday, November 17th, and this is your FT News Briefing.

The UK Chancellor unveils a high-stakes economic plan today,

a leading crypto company has halted withdrawals after the FTX collapse,

and Iraq is reeling from a corruption scandal that's being called the heist of the century.

Typically how corruption takes place in Iraq is that it's contracts taken from ministries

and given off to their cronies or companies that they take a cut from, but this was brazen.

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

UK Chancellor Jeremy Hunt will unveil a massive package of tax hikes and spending cuts today.

Hunt's plan, known as the Autumn Statement, lays out measures to tackle inflation and repair

public finances. Life will get harder for millions of brits. The Chancellor will claim the pain

is necessary to curb soaring prices and restore faith in Britain.

Hunt's plan is also aimed at repairing the country's economic reputation.

His predecessor's budget proposal and its controversial tax cuts were met with such backlash

it led to then Prime Minister Liz Truss stepping down.

A leading cryptocurrency broker suspended withdrawals at its lending unit yesterday.

Genesis trading cited unprecedented market turmoil sparked by the collapse of FTX.

It also cited abnormal withdrawal requests as the reason for its move.

Genesis plays a key role in crypto markets as the FT's Niku as Gari explains.

So this is only related to Genesis trading unit at the moment and the way that it works is that

...