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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...

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...

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...

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...

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...

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...

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...

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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