Exclusive: in unusual move, PM and Kwasi Kwarteng will meet fiscal watchdog after mini-budget sparked investor panic Kwasi Kwarteng’s mini-budget: key points at a glance All UK political developments live Liz Truss will hold emergency talks with the head of Britain’s independent fiscal watchdog after failing to dampen panic in […]
Month: September 2022
Bank of England stepped in on Thursday to stabilise price of UK government bonds and avert a deeper crisis Pension fund managers breathed a cautious sigh of relief on Thursday morning. After days of market turmoil, the Bank of England’s £65bn emergency intervention the day before had – at least […]
Your one-stop shop for all the jargon you’ve been reading since Kwasi Kwarteng’s mini-budget Kwasi Kwarteng’s mini-budget has gone down badly in the financial markets. Mortgage rates have risen and the Bank of England has been forced to step in to halt a run on pension funds since the chancellor […]
Less than a month in, the PM’s political capital is draining away. And next week’s party conference is unlikely to offer any relief Of all the dire numbers that Tory MPs have been confronted with this week, one has stuck in their mind: 17. It’s the size of Labour’s poll […]
Merseyside detectives questioning man over shooting of girl in Liverpool last month Detectives have arrested a 34-year-old man on suspicion of the murder of nine-year-old Olivia Pratt-Korbel in Liverpool in August, Merseyside police have said. Olivia was shot in the chest at her home in Dovecot in the city on […]
Bank of England left with no action but to intervene after Kwasi Kwarteng’s mini-budget The Bank of England has been forced into emergency action to halt a run on Britain’s pension funds after the impact of Kwasi Kwarteng’s ill-received mini budget prompted fears of a 2008-style financial crisis. Threadneedle Street […]
MPs express disbelief over sterling slump as privately some fear PM’s government is ‘dead on arrival’ Liz Truss is facing growing pressure from jittery Conservative MPs to sack Kwasi Kwarteng or face a mutiny after the Bank of England’s emergency intervention to address the turmoil in the financial markets. The […]
Opposition leaders urge PM and chancellor to take action over economic fallout and recall parliament Politics live – latest updates Downing Street is resisting pressure to recall parliament, with Liz Truss and Kwasi Kwarteng being accused of going into hiding as the markets spiral in response to last week’s mini-budget. […]
We rate PM’s likely next steps as she sets about navigating path through crisis of her government’s making Battered by financial markets and besieged by MPs whose constituents’ mortgage payments are set to rocket, Liz Truss must now navigate a serious economic crisis of her government’s own making. Does she […]
Pleas for rescue emerge online as storm surge hits coast and millions lose power Report: Hurricane Ian sweeps ashore as Florida hit with ‘catastrophic’ wind and rain The National Oceanic and Atmospheric Administration has laid out the predicted path of Hurricane Ian as it is expected to hit land this […]