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Bank launches emergency intervention in markets after Kwarteng mini-budget

The Bank of England has taken emergency action to calm turmoil in financial markets amid the collapse in the...

UK’s cost of borrowing on international markets overtakes Greece and Italy

Britain’s cost of borrowing on international money markets has jumped above the rates paid by Greece and Italy as...

Kwarteng’s tax cuts will force ‘significant’ interest rate rises by Bank of England

A senior Bank of England official has warned “significant” increases in interest rates will have to be imposed by...

Fragile state of UK economy scrutinised as nation mourns

The fragile state of Britain’s economy will be underlined this week by official figures showing a renewed slump in...

Bank of England delays interest rate decision after Queen’s death

Businesses, financial institutions and unions have cancelled or postponed events as a mark of respect to the Queen, with...

Eurozone interest rates must continue to rise, says European Central Bank

Interest rates across the eurozone must continue to ratchet upwards to tackle rapidly rising inflation, European Central Bank policymakers...

Bank governor defends inflation record as Truss review awaits

Andrew Bailey has defended the Bank of England’s record of managing inflation under his command amid growing pressure on...

UK shoppers are keeping calm and carrying on. Why? | Larry Elliott

T he UK economy is a puzzle. Inflation has burst above 10% for the first time since Argentina...

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