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Austerity could be more difficult this time round, says Lord King

Average earners, rather than the wealthy, will be required to pay significantly higher taxes to finance higher public spending...
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Business

Pound edges higher as Jeremy Hunt brings forward tax and spending plans – business live

From 1h ago 06. 55 BST Introduction: Hunt brings forward fiscal announcements to calm markets Good morning, and welcome...
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Business

UK investors brace for another week of market turbulence

City investors are bracing for a week of renewed choppy trading in UK financial markets as Liz Truss’s government...
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Business

Cliff edge looms for UK’s financial system

Britain’s financial system is approaching a cliff edge. After stepping in to calm the market chaos that followed...
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Business

Bank of England announces further measures to protect pension funds from market turmoil – business live

From 1h ago 07. 45 BST Bank of England increases support for pension funds Good morning, and welcome to...
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OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Kwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are expected to show...
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Business

Meltdown averted – but risk of repeat is obvious question Bank needs to answer | Nils Pratley

I t was a close-run thing. That is a less-than-reassuring summary of the Bank of England’s analysis of...
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Business

Bank of England in £65bn scramble to avert financial crisis

The Bank of England has been forced into emergency action to halt a run on Britain’s pension funds after...
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