Crypto broker Genesis stops withdrawals

British Chancellor Jeremy Hunt is set to unveil a massive package of tax hikes and spending cuts, crypto broker Genesis Trading has suspended withdrawals and Iraq is rocked by a massive corruption scandal.

Mentioned in this podcast:

The crypto broker Genesis Trading stops payouts on the lending unit

Hunt is preparing a bid to repair Britain's tarnished economic reputation

Iraq reels from $2.5 billion tax 'robbery of the century'

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show's editor is Jess Smith. Additional help from Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.

Read a transcript of this episode on FT.com