Category: Sterling

Michael Gove has ‘zero sympathy’ for ‘arrogant’ Thames Water in funding crisis – business live

Live, rolling coverage of business, economics and financial markets as minister says water company’s leadership has been a ‘disgrace’The UK government has said it is prepared for “a range of...

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Bank of England widens bond purchases to battle dysfunctional markets; real wages fall again – business live

BoE warns that gilt market chaos poses a ‘material risk to UK financial stability’, as it starts buying inflation-linked bondsPat McFadden MP, Labour’s Shadow Chief Secretary to the Treasury, is urging the...

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Rating agency Fitch downgrades UK credit outlook

Lack of independent forecasts at mini-budget and clash with Bank of England’s inflation strategy prompts cutBusiness live: new downgrade as Kwarteng holds mortgage crisis talksRating agency Fitch lowered the outlook for...

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Liz Truss says she wants to cut top rate of tax eventually and says she does trust Kwasi Kwarteng as chancellor – as it happened

PM says says she backs idea to abolish tax cut for high earners in principle despite shelving it for now. This live blog is now closedSummary of key points from Liz Truss’s TV interviewsTruss was asked about her views on...

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Liz Truss says she still wants to cut 45% top rate of tax eventually and says she does trust Kwasi Kwarteng as chancellor – live

PM says says she backs idea to abolish tax cut for high earners in principle despite shelving it for nowSummary of key points from Liz Truss’s TV interviewsTruss was asked about her views on what she has described as...

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