£1bn Serco pension scheme seeks loan from outsourcer amid markets turmoil
The pension schemes of Serco, the government contractor, have approached their sponsor to seek financial support amid a funding crunch...
Business
Fiscal watchdog to give initial forecast on mini-budget after meeting with PM and chancellor
Liz Truss and Kwasi Kwarteng have met the head of the UK's independent fiscal watchdog amid the fallout from the...
UK economy grows by 0.2% after predicted decline
Britain's economy grew by 0.2% in the three months to June, reversing the initial estimate of a 0.1% contraction, official...
Truss and Kwarteng to meet fiscal watchdog today after MPs demand full economic forecast
Liz Truss will meet the head of the UK's independent fiscal watchdog today after a powerful group of cross-party MPs...
‘UK-specific component’ of post-mini-budget market turmoil, Bank of England chief economist says, contradicting government defence
The Bank of England's chief economist has contradicted the government by saying there is "undoubtedly a UK-specific component" to the...
Chancellor Kwasi Kwarteng insists government ‘protecting people across UK’ as he defends mini-budget
Chancellor Kwasi Kwarteng has insisted the government is focusing on "delivering the growth plan" and "protecting people right across the...
Mini-budget U-turn ruled out despite Bank of England’s emergency action
The government has ruled out a U-turn on the costly tax-cutting mini-budget and the chancellor will not resign despite mounting...
Bank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway
This is an extraordinary moment.We'll get to the details in a moment but before we do let's not lose sight...
Bank of England launches bond-buying programme to prevent ‘material risk’ to UK financial stability
The Bank of England has launched a temporary bond-buying programme as it takes emergency action to prevent "material risk" to...
Kwasi Kwarteng to hold meeting with bankers as fallout from mini-budget continues
Chancellor Kwasi Kwarteng is due to meet bankers today in an effort to calm nerves after his mini-budget spooked the...
Shoppers paying record 10.6% more for food than a year ago
Shoppers are paying a record 10.6% more for food than they were a year ago, figures show.Overall shop price inflation...
IMF warns UK against mini-budget that will ‘likely increase inequality’
The International Monetary Fund (IMF) has criticised the UK government's mini-budget, saying the plans for tax cuts and spending will...
Spending cuts made necessary by mini-budget ‘could finish NHS’, former Bank of England deputy governor Sir Charlie Bean says
If the government does not reverse its fiscal plans in the coming weeks, it may be left with little option...
Five reasons why fall in pound matters and what the implications are
The overnight fall in the value of the pound, descending to its lowest level against the dollar since decimalisation in...
Pound sinks to record low against the dollar and UK economy predicted to flatline next year – as PM and chancellor defend mini-budget
The pound has fallen to a record low against the dollar, sparking market speculation that the Bank of England may...
Car dealer Pendragon gears up for £400m bid from top investor
Pendragon, the London-listed car dealer behind brands including Evans Halshaw and Stratstone, has received a fresh £400m takeover approach from...
GSK poaches Burberry CFO to create all-female top team
GSK, the FTSE-100 pharmaceuticals giant, has poached Burberry Group's finance chief to create a rare all-female executive leadership team in...
Mini-budget: Raft of tax cuts ‘for a new era’ include stamp duty cut for homebuyers
Income tax will be cut by one penny, Chancellor Kwasi Kwarteng has announced, as part of a raft of measures...
Mini-budget: Chancellor denies gambling with economy as pound sinks to near historic lows
The chancellor has denied suggestions he is gambling with the economy as his raft of tax cuts were met with...
Drivers paying extra £5 per tank of petrol due to falling value of the pound
Drivers are paying an extra £5 per tank of petrol due to the fall in the value of the pound,...
