PM To Meet Head Of OBR Following Market Turmoil – Mini Budget
The prime minister will meet the head of Britain’s independent forecaster on Friday after days of market turmoil. In an unusual move,... Read More
Treasury Rejects U-Turn On Mini-Budget Despite Turmoil
The government will not abandon its mini-budget despite the Bank of England having to step in amid market turmoil, a Treasury minister... Read More
Bank of England Economist Hints At ‘Significant’ Rate Rise
The Bank of England has hinted it is prepared to ramp up interest rates in response to the recent slump in the... Read More
Pound Slumps To All-Time Low Against Dollar
The pound has fallen to its lowest level against the US dollar since decimalisation in 1971. In early Asia trade, sterling fell... Read More
Kwasi Kwarteng Defends Massive Tax Cuts As Fair For All
Kwasi Kwarteng has said massive tax cuts aimed at boosting economic growth are fair for all despite the highest earners gaining the... Read More
UK May Already Be In Recession – Bank Of England
The Bank of England has raised interest rates from 1.75% to 2.25% – the highest level for 14 years – and warned... Read More
Bank of England Delays Interest Rate Decision After Queen’s Death
The Bank of England has postponed a key decision on interest rates following the death of Queen Elizabeth II. It said that... Read More
Energy Bills To Be Capped At £2,500 for Typical Household
New Prime Minister Liz Truss will limit energy bill rises for all households for two years as the new prime minister tries... Read More
Liz Truss Set To Unveil Plans To Cut Energy Bills For Millions
New Prime Minister Liz Truss will unveil plans to limit energy bill rises on Thursday, spending billions to protect people from soaring... Read More
Endure Energy Crisis To Counter Russia In Ukraine – Boris Johnson
Outgoing UK Prime Minister Boris Johnson has said households across Europe have to endure the cost-of-living crisis to counter Russian aggression during... Read More
