Category: Market turmoil

Reeves’ fiscal rules non-negotiable in face of bond sell-off, deputy tells MPs

Treasury chief secretary responds to urgent question in Commons as market turmoil hits poundRachel Reeves will not not break her promise only to borrow money for investment, even as gilt yields rose to their highest levels since...

Read More

Liz Truss to make statement in Downing Street about her future

Exclusive: Statement expected shortly after departures of top ministers and evaporation of political authorityLiz Truss faces deepening turmoil – follow it liveLiz Truss is expected to issue a statement imminently,...

Read More

Pound rises and UK borrowing costs drop as Hunt scraps measures

Yield on 30-year UK government bonds plummets as chancellor reverses more of Kwarteng mini-budgetUK government borrowing costs fell sharply and the pound rallied after Jeremy Hunt said he would cut short the emergency price...

Read More

Pensions watchdog called in to emergency talks on UK market turmoil

First time regulator drafted to high-level meetings on measures to tackle meltdown that followed mini-budget The Pensions Regulator has for the first time been drafted into high-level emergency talks led by the Treasury and Bank...

Read More

‘A reverse Robin Hood’: key exchanges from Liz Truss’s radio interviews

Memorable points from prime minister’s morning round of interviews at a glanceLatest politics news – liveAfter days of market turmoil and currency volatility since the “fiscal event” of the chancellor,...

Read More
Loading

Breaking News

prev next