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Mini-budget 2022

Business

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...
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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

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

City watchdog asks banks how they will support mortgage borrowers

The City watchdog is asking banks how they plan to step in and support struggling mortgage borrowers, as lenders...
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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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Business

City braces for more volatility after mini-budget rocks pound

City investors are bracing for more volatility after the bonanza of tax cuts and spending measures in Kwasi Kwarteng’s...
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Business

Kwasi Kwarteng mulls more beneficial tax cuts for high earners

The government is considering a series of further tax cuts that could hand thousands of pounds to high earners,...
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