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Bank of England to stop government bond-buying scheme today

Pressure on gilts - UK government bonds - eased on Thursday as the Bank of England sought to steady market sentiment by increasing its...

Experts say UK economy will return to pre-pandemic levels in 2024

The UK economy will return to its pre-pandemic levels only in 2024, experts have now said. In its latest economic update, Deutsche Bank said: "Since...

Mortgage guarantee scheme: Lenders push Chancellor Kwasi Kwarteng for extension

The UK's biggest mortgage lenders will urge the chancellor to extend a government home loans initiative that helps first-time buyers get onto the property...

British public: Truss is ‘incompetent’ and Starmer is ‘boring’

As Liz Truss prepares for her first conference speech as prime minister today, a word cloud created by the research group JL Partners has...

Mini-budget U-turn: Kwarteng acknowledges ‘tough’ day in conference speech

Giving his keynote Conservative Party conference speech following the 45p tax rate cut U-turn earlier this morning, Kwasi Kwarteng began by saying: "What a...

Will markets have more confidence as government moves away from denial stage?

It's hard to think of another episode like this. There have been budget U-turns before, but it's hard to think of any which came...

Kwasi Kwarteng changes his mind about a 45-cent tax rate

The chancellor stated that the government has changed its mind about wanting to eliminate the 45p income tax rate. Kwasi Kwarteng told the BBC the...

Tory conference: A number of unexpected things have already occured

Liz Truss and her ministers arrived as anticipated in a combative, flinty tone, ready to stick with their mini-maxi budget. In her no-surrender speech on...

Tax cuts pledge: Liz Truss acknowledges disruption

After the mini-budget, Prime Minister Liz Truss acknowledged there had been "disruption" in the UK economy. She declared in a letter to The Sun that...

Autumn storm clouds are thickening thanks to Truss and Kwarteng’s mini-budget

For more than six decades, some of the UK's most devastating economic events have happened under an autumn cloud. Is history repeating itself? The poet...

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