US president decries ‘campaign of pure cruelty’ and warns Iran to tread carefully as Israel conducts significant airstrikes on Palestinian enclave See further Israel-Hamas war …
Rolling coverage of the latest economic and financial news, including the Bank of England interest rate decision at noon Bank of England interest rate decision …
Markets react positively as nomination deadline for Conservative leadership looms; China’s economy grows faster than expected but lags official target Good morning, and welcome to …
Yield on 30-year UK government bonds plummets as chancellor prepares to reverse more of Kwarteng mini-budget UK government borrowing costs fell sharply and the pound …
New chancellor prepares to anounce measures to support fiscal sustainability in attempt to calm volatile markets; pound gains a cent UK investors brace for another …
Business group says 0.3% fall in monthly GDP is ‘warning sign that economy already stalling before market turmoil of recent weeks’ UK pension funds should …
Prime minister and Chris Philp fail to restore investor confidence in series of interviews, as government bond yields rise and stock markets tumble Shafik also …
Sterling slumps again as dollar hits fresh 20-year high against major currencies, while Starmer says November statement ‘far too long off’ to review tax cuts …
Treasury defends tax cuts after mini-Budget announcement sees pound collapse, saying the steps were taken to protect households and businesses through winter
Central bank stops short of emergency rate hike and instead says it will make full assessment in November Markets warn interest rates could triple by …
Strategy of sweeping tax cuts gets hostile reception from markets and economic thinktanks, leaving some Tory MPs aghast Kwasi Kwarteng has been accused of delivering …
Sterling weakest since 1985 against US dollar, as Kwasi Kwarteng presents mini-budget and UK economic downturn worsens Kwasi Kwarteng’s (expected) pledge to “turn the vicious …
New chancellor on charm offensive in Square Mile says Bank of England independence ‘is sacrosant’ The government has moved to quash City speculation that Liz …
Rolling coverage of the latest economic and financial news The pound’s tumble during August “reflects the deteriorating outlook for Britain’s economy”, says the Financial Times, …
Moscow has seized about a fifth of Ukrainian territory since its invasion and vows to continue ‘until all goals are achieved’ Russia-Ukraine war latest Ukraine …
Sterling tumbles to lowest since June 2020 as Bank of England lifts interest rates to 13-year high, cuts growth forecasts, and sees inflation hitting 10% …
‘We are successfully holding back the enemy,’ says Ukraine’s leader amid fierce fighting around the city Ukraine invasion: latest updates Russian troops continued to press …