The Latest Breaking News on Bank of England

Pound weakens and government borrowing costs rise again after Truss speech

Sterling dipped by 1.4% to 1.1312 dollars shortly after Liz Truss said that the Government was making ‘difficult but necessary’…

Evening Standard

MPs pressure Pensions Regulator over support for hedging contracts

Questions raised over why watchdog backed use of risky investment strategies for major pension funds

The Guardian - UK

Is This the End of ‘Socialism for the Rich’?

The IMF’s rebuke of Britain for tax cuts that will “increase inequality” is probably not the come-to-Jesus moment it might…

The Atlantic

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What is inflation and what is its current rate in the UK and Europe?

UK inflation fell this week as fuel prices dropped

The Independent UK

Pound to dollar: Why is the sterling so weak?

British pound slumps to lowest level against dollar since 1971 after Kwasi Kwarteng’s mini-Budget

The Independent UK

Irish beef and dairy processors brace for margins hit amid sterling volatility

Top Irish beef and dairy processors are braced for higher costs and margin reductions amid the British pound’s ongoing volatile…

Irish Independent

Are London house prices about to crash? Warnings of ‘year of pain’ amid rising interest rates and inflation

The property market faces a ‘year of pain’, with a new two-year forecast estimating a 10 per cent drop for…

Evening Standard

The Aussie dollar is dropping against the US currency, but it’s not all bad news

A higher US dollar isn't great news for global trade, but some Australian businesses are able to benefit and travellers…

ABC News

Homeowners who lose their job could build up significant arrears before DWP help comes

Homeowners who end up struggling with their mortgage payments due to a job loss may have to build up significant…

Glasgow Live

Read news from The Economist, FT, Bloomberg and more, in one place.

Interest rate, inflation, emergency fund and what they mean

Interest rates are high, inflation is soaring, but what does that actually mean?

Liverpool Echo

Homeowners who lose their job may build up significant arrears while out of work before DWP help begins

People with a mortgage can only claim for help with interest costs if they are on a qualifying benefit.

Daily Record

Truss defends Government record amid concerns about rising interest rates

Speaking to broadcasters as she attends a fractious Conservative Party conference, the PM said the Government would do ‘what we…

The Independent UK

Legal & General seeks to reassure investors amid pension fund volatility

Pension and insurance company says it has not been a forced seller of government bonds

The Guardian - UK

From analysis to the latest developments in health, read the most diverse news in one place.

UK's Truss vows to listen as she reels from policy U-turns

British Prime Minister Liz Truss has insisted she is leading “a listening government” that learns from its mistakes

The Independent UK

Kwarteng bringing forward debt plan could calm markets, says top Tory MP

Mel Stride, chair of Treasury committee, says move could also mean smaller interest rate rises

The Guardian - UK

Pound at two-week high as FTSE 100 posts best day since June – as it happened

Chancellor denies reports that he will bring his medium-term fiscal plans forward to this month, despite pressure from markets and…

The Guardian - UK

Chancellor Kwasi Kwarteng makes second U-turn in two days as he promises to set out debt plan earlier than planned

Kwasi Kwarteng has made the change after markets reacted badly to his package of tax cuts

Wales Online

Shares in leading Swiss bank Credit Suisse plunge 10pc after its executives try to reassure investors that it is sound

Shares in Swiss banking giant Credit Suisse slid by as much as 10pc yesterday, reflecting market concerns ahead of a…

Irish Independent

45% tax U-turn is too late to stop mortgages soaring, experts warn

More than 40% of mortgage products were pulled after Kwasi Kwarteng's mini-Budget triggered a slump in the pound, with the…

Wales Online

From analysis to the latest developments in health, read the most diverse news in one place.

Homeowners who lose job ‘may face initial lack of help with mortgage payments’

People may have already built up significant arrears before help starts and eventual payments may not cover their actual costs,…

The Independent UK

Credit Suisse sees shares sink over restructuring concerns

Shares slid as much as 11.5 percent before recovering as investors panicked over bank’s ability for a turnaround.

Al Jazeera

Martin Lewis' mortgage warning to house hunters with interest rates set to rise

Money Saving Expert website founder Martin Lewis urged home buyers to be aware with interest rates expected to rise up…

Daily Mirror

Tories laugh as Kwasi Kwarteng forced into humiliating U-turn - but 'damage already done'

Mr Kwarteng was forced to abandon his plan to give a massive tax cut to millionaires - but critics warned…

Daily Mirror

Kwasi Kwarteng U-turn is too late to stop mortgages soaring, experts fear

More than 40% of mortgage products were pulled after the Chancellor’s Budget triggered a slump in the pound and fears…

Daily Mirror

Kwasi Kwarteng ‘to bring forward plan to cut debt after 45p tax U-turn’

The chancellor will accelerate the publication of his medium-term fiscal plan later this month, according to reports

Evening Standard