Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Rishi Sunak denied his economic plans are about to deliver a fresh bout of UK austerity, even as the official fiscal watchdog warned his tax-cutting strategy assumes a significant squeeze on stretched public services.

(2) Israel and Hamas signaled that a temporary cease-fire in Gaza could be extended beyond Monday to allow for the release of more hostages and prisoners.

(3) Elon Musk will meet with Israeli President Isaac Herzog and representatives of the families of hostages held in Gaza, in an apparent effort to defuse a growing furor over his endorsement of an antisemitic tweet.

(4) Joe Biden will skip COP28 according to the NYT. Leaders and officials from more than 200 countries are expected to attend the US climate summit that starts in Dubai Thursday.

(5) British lawmakers should review the role and operation of the Bank of England every five years as part of reforms to improve accountability at the central bank and make it "work better" after a string of "errors" that let inflation surge.