Single fund at asset manager faced ‘knockouts’ without fall in gilt yields
Britain's financial regulators have identified one remaining fund at an asset manager which would have faced a series of "knockouts"...
business
Chancellor’s cull of more mini-budget giveaways eases financial market pressures
Financial markets have reacted positively to the new chancellor's cull of more costly measures in his predecessor's disastrous mini-budget.Jeremy Hunt...
Unite union boss: Co-ordinated strikes could happen ‘very soon’
Unions are close to organising co-ordinated strike action "very soon" following the "horror story" of the past few weeks, a...
Interest rate rise will be higher than expected next month, Bank of England chief suggests
Interest rates will have to be raised higher than initially hoped in the face of inflationary pressures, the Bank of...
Trade unions vow to fight government over strike legislation to ‘keep Britain moving’ during strikes
The government is pressing ahead to introduce legislation which will require transport workers to run a minimum service when strikes...
Markets react negatively to Truss speech spelling out corporation tax U-turn
The financial markets have responded negatively following Liz Truss's announcement of a U-turn on corporation tax in a bid to...
PM appoints Jeremy Hunt as chancellor after sacking Kwasi Kwarteng
Kwasi Kwarteng has been sacked as chancellor three weeks after his mini-budget unleashed chaos on the economy and Jeremy Hunt...
Having sealed her chancellor’s fate, the markets could seal the prime minister’s fate
So farewell, then, Trussonomics.The demise of the country's second shortest-lived chancellor also brings with it the demise of the country's...
Government steps up talks to secure gas supplies ahead of winter demand surge
Ministers are in talks with major US-based producers of liquefied natural gas (LNG) in a bid to bolster Britain's energy...
Bank of England ceases bond-buying after spending £19.3bn
The Bank of England has purchased £19.3bn of UK government bonds and concluded part of its extraordinary intervention to prevent...
Bank of England to stop government bond-buying scheme today
The Bank of England is set to stop its government bond-buying scheme today after attempting to reassure the UK's financial...
Royal Mail plans to make up to 6,000 roles redundant by August
Royal Mail has announced it will begin a process to make 5,000 to 6,000 roles redundant by August next year.The...
Chancellor Kwasi Kwarteng insists he is ‘not going anywhere’ – and hints at mini-budget U-turn
The chancellor has insisted he is "not going anywhere" amid the economic turmoil - and when asked if he was...
‘Don’t prolong the pain’: IMF criticises UK government for ‘undermining’ Bank of England
The head of the International Monetary Fund has delivered a blunt condemnation of the UK government's mini-budget - pointing out...
Royal Mail strikes: When are staff walking out and what’s affected?
Royal Mail workers are striking on multiple days across the next few months, with people warned to expect delays to...
Kwasi Kwarteng in Washington DC for talks with IMF as Liz Truss faces revolt at home
As Liz Truss faces open revolt in her party over her planned tax cuts, her chancellor will today try to...
Mini-budget ‘complicated’ Bank of England’s battle to bring down inflation, says IMF chief economist
The chancellor's mini-budget "complicated matters" for the Bank of England as it battled to bring down inflation, the International Monetary...
Top City lawyer Nikpay in frame to run competition regulator
A leading City lawyer has been shortlisted to become the next chief executive of the competition watchdog.Sky News has learnt...
Economy shrinks unexpectedly in August by 0.3%, Office for National Statistics figures show
The economy unexpectedly shrank in August, contracting by 0.3% on the previous month.The growth in July has also been revised...
GDP unexpectedly falls, Bank of England stands firm and consumer confidence drops
As the fallout to the Chancellor’s mini-budget continues, Ian King’s joined by the Financial Times’ global pensions correspondent Josephine Cumbo,...