Uk Economy

On Sunday, Michael Gove, who backed Rishi Sunak in the Tory leadership contest, is expected to join those demanding a change in course. Ms Truss said her planned combination of…
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There was a boost for pound sterling on Friday after the Office of National Statistics revised its growth figures up, suggesting that the UK economy was not currently in a…
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Overall the pound is still down from $1.35 at the start of the year, but the recovery of the past week means it is now more in line with other world currencies which have also…
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Ms Truss repeatedly defended last Friday’s announcements during her local media round, telling BBC Radio Norfolk: “This is the right plan that we have set out.” She pointed to…
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Lord Wolfson, whose father was a key adviser to Margaret Thatcher, has been a long-time critic of the high speed line.His remarks came as the high street retailer sounded the…
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No other Conservative government would have made a “mistake” like Kwasi Kwarteng’s mini-Budget, a Tory former chancellor has claimed. Lord Clarke, who was chancellor from 1993…
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The Treasury insisted on Wednesday it would stick by its Friday package in full. Criticism on Tory benches is yet to turn into a fully blown Commons rebellion, with much depending…
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There is no immediate cap on the scale of the intervention in markets, which carries echoes of actions to prevent market collapse when the pandemic struck. “The purchases will be…
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Kwasi Kwarteng’s debt-fuelled mini-Budget sent the pound and UK bonds into meltdown on Friday – but on Monday it became clear that it was only the beginning. Investors have…
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What we witnessed over two trading days was a particular run on the British bond market. Yields on five-year bonds rose 140 basis points at a time when comparable OECD bonds rose…
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