*UK Chancellor Hunt: Basic Rate Of Income Tax To Remain At 20%, Scraps IR35, Dividend Tax Reforms

Italy Inflation Accelerates As Estimated In September

*UK Chancellor Hunt Announces Reversal Of Almost All Tax Measures From 'Mini-budget'

*Pound Gains To 0.8621 Against Euro

*Pound Hits 168.40 Against Yen, Highest Since June 9