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Economic policy

Hunt rips up almost all of mini-budget and scales back energy help

Jeremy Hunt has ripped up almost all of Liz Truss’s disastrous mini-budget, scrapping virtually all of the announced tax...

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...

Joe Biden calls Liz Truss tax cuts a ‘mistake’ as political fallout continues

Joe Biden has called Liz Truss’s abandoned economic plan that sent financial markets into chaos and caused a sharp...

Jeremy Hunt says difficult decisions ahead after Truss ‘mistakes’

The new chancellor, Jeremy Hunt, has spoken of “mistakes” made by the Liz Truss administration and predicted “difficult decisions...

Liz Truss to raise corporation tax in another humiliating U-turn

Liz Truss has performed a humiliating U-turn over her flagship plan to cut corporation tax, as she insisted she...

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...

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...

Kwarteng considers extending mortgage guarantee scheme

The chancellor is considering extending the government’s mortgage guarantee scheme, after UK bank bosses raised concerns over the state...

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