Few surprises as chancellor uses low-key speech blaming ‘global economic storms’ for stoking energy prices and cost of living crisisBudget 2026: key points at a glanceBriefing: key questions answered by Heather Stewart and Pippa...
Read MoreExclusive: Chancellor to target sector in his first budget to help offset damage caused by Iran war on public financesJohn Healey is poised to tax Britain’s banks in his 28 October budget, to help offset the damage inflicted on...
Read MoreFears that US deficit is unsustainable also drive UK 30-year gilt yields briefly above 6% for first time since 1998Business live – latest updatesThe global bond sell-off intensified on Thursday, driving 10-year US government...
Read MoreFears that US deficit is unsustainable drive Britain’s 30-year bond yield to level not seen since 1998Business live – latest updatesThe turmoil in global bond markets has intensified amid fears the US deficit is reaching...
Read MoreChancellor tells Labour conference it’s ‘not progressive’ to fail to balance books amid rising welfare bill as borrowing costs climb to record highBusiness live – latest updatesPrice of diesel on UK forecourts reaches all-time...
Read MoreTreasury committee rejects calls for fundamental reform of independent watchdog the Office for Budget ResponsibilityAttacks on the government’s independent economic forecaster from left and right of the political spectrum are...
Read MoreHigher-than-expected figure will make chancellor’s aim of calming jittery bond markets more difficultBusiness live – latest updatesThe UK government borrowed a higher-than-expected £18.3bn last month, increasing the pressure on...
Read MoreWar, AI disruption and markets in turmoil: the warnings are all there. But lessons from the 2008 crash could help us Continue...
Read MoreEconomies thrown into renewed turmoil as AI debt, Iran war and soaring government bond yields fuel alarmAt the height of the summer, the mood was optimistic in the world’s financial capitals. Powered by the AI revolution, the US...
Read MoreEconomists urge John Healey to press Bank to change policy that is costing the exchequer billions of poundsEconomists have urged the chancellor, John Healey, to press the Bank of England to slow down its bond-selling programme...
Read MoreHigh yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budgetThe UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday,...
Read MorePrime minister promises his government will make decisions ‘grounded in fiscal responsibility’Andy Burnham moved to calm volatile bond markets on Wednesday as surging borrowing costs threatened to wreck plans for his...
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