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Pound near two-week high as Kwarteng brings forward debt-cutting plan – business live

Key events 3m ago Pound hits $1. 14 as rally continus 5m ago Legal & General reassures investors over...
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Business

What is the impact of 45p tax U-turn on markets and mortgages?

Kwasi Kwarteng and Liz Truss have expended a lot of political capital by abandoning their policy to abolish the...
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Business

More concessions needed to fix UK’s reputation in markets, Kwarteng is told

Kwasi Kwarteng has been warned that further concessions on his mini-budget will be required beyond his U-turn on the...
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Business

How Liz Truss plunged the UK to the brink of recession in just one month

Britain’s new prime minister, Liz Truss , has been in office for less than a month, but her premiership...
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Business

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...
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Business

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...
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Business

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...
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Business

Virgin Atlantic chief: UK government should reverse course as pound slumps

Virgin Atlantic has urged the government to consider “reversing course” after the mini-budget, with the collapsing pound massively driving...
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