Pound hits two-year high against euro

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Thanks for joining me. We begin the day looking at the latest official retail sales figures, which show a slowdown in growth in September.

The drop was driven by a 2.4pc decline in sales volumes in supermarkets, which retailers blamed on poor weather and consumers cutting back.

5 things to start your day 

1) Reeves considers scrapping salary sacrifice tax breaks for electric cars | Chancellor exploring plans to remove ‘unfair’ schemes amid claims they disproportionately benefit wealthy

2) Red tape threatens to turn City into a ‘graveyard’, warns Bank of England official | Sam Woods says prospect of more financial rules could undermine risk-taking in Britain

3) Scrapping non-dom tax regime ‘will cost Britain £6.5bn’ | Abolishing tax status is expected to cost the UK in lost GDP and jobs, think tank says

4) Don’t bow down to striking workers, Ryanair boss urges Boeing | Michael O’Leary…

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