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budget that sparked turmoil on the financial markets and insists they ll be no u turn on axeing the top rate of income tax. i do stand by the package we announced and i stand by the fact that we announced it quickly, because we had to act. but i do accept we should have laid the ground better. i do accept that. up for hours to cast their votes in one of the most polarised presidential elections in decades. the right wing incumbent, jair bolsonaro, has been trying to fight off a strong challenge from his socialist rival, luiz inacio lula da silva. if neither candidate wins more than 50% of valid votes, there will be a run off election in four weeks time. we can go now to laura trevelyan in rio dejaneiro. thanks very much indeed, celia. this is the world s fourth biggest democracy. brazil is the largest economy in latin america, the amazon rainforest here is known as the lungs of the world, there is so much at stake in this election for brazilians and for the world and 156 mil

Bbc newsJair bolsonaroLuiz inacio lula da silvaAround the worldFootball stadium disastersRio de janeiroTear gasPrime ministerIncome taxU turnLaura trevelyanRun off electionAmazon rainforestLatin america156 millionProfessor sa ntoro