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Pressure on Kwasi Kwarteng after sterling hit

The official line from government is no comment on market movements. The baptism of fire for the chancellor after his budgetary statement continued in...
World

Bank of England: ‘Don’t panic, we know what we’re doing’

This afternoon, the Treasury and the Bank of England made an effort to reassure. The message was crystal clear: Don't worry; we have you...
World

Chancellor Kwasi Kwarteng pledges to end ‘cycle of stagnation’ in mini-budget

As he announced his mini-budget, Chancellor Kwasi Kwarteng promised to "turn the vicious cycle of stagnation into a virtuous cycle of growth." He is proposing...
World

Bank of England: Reactions to Bank’s announcement

The increase in interest rates to 2.25% has, as expected, sparked a lot of debate in both the corporate and political spheres. The Liberal Democrats...
World

UK already in recession, Bank of England reveals

The Bank of England hikes interest rates as it indicates the UK is already in recession; government hints energy support for schools, hospitals, and...
Business

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 "in light of...
World

Train strikes: More drivers ready to walk out on 15 September

Aslef union has reported that train drivers at 12 rail companies are set to strike again as part of an ongoing dispute over pay,...
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