Weakened Truss doubles down on 'different' message to spur UK growth

By Elizabeth Piper, Alistair Smout and Andrew MacAskill BIRMINGHAM, England - Prime Minister Liz Truss will on Wednesday press her message that Britain needs "to do things differently" to...

Talks with power firms are stuck

An EU-style revenue cap on power firms could be simplest solution for UK energy crisisHow is the government getting on with its negotiations with electricity generators to lower the wholesale...

Kwasi Kwarteng confirms fiscal plan will be announced on 23 November

The chancellor, Kwasi Kwarteng, has confirmed to GB News that the government's medium-term fiscal plan will be announced on 23 November. The chancellor had said the plan would be 'coming shortly'...

UK Fears High US Interest Rates May Erase Trussonomics Gains

-- Liz Truss’s government is worried that persistent high US interest rates could cancel out the benefits of her program of deregulation and low taxes as she attempts to transform the UK...

Low Rates And Leverage Set Kwarteng Up For A Massive Jolt

Low Rates And Leverage Set Kwarteng Up For A Massive Jolt By Ven Ram, Bloomberg Markets Live reporter and strategist Who’s to blame for all the turmoil in the UK’s financial markets?...

Pound Wobbles Again as Kwarteng Denies Bringing Forward Spending Plans

By Geoffrey Smith Investing.com -- The pound and U.K. government markets faltered on Tuesday after Chancellor of the Exchequer Kwasi Kwarteng insisted that he won't present a more detailed version...

Britain's new PM off to shaky start as economic turmoil roils

LONDON — Britain’s new Prime Minister Liz Truss faced her first big challenge this week since taking office a month ago, introducing and then retracting a controversial cut in income tax for top...

Liz Truss twice refuses to say she has confidence in Kwasi Kwarteng

Liz Truss twice ducked a question asking her to say whether she had confidence in her chancellor, Kwasi Kwarteng, after the pair were forced to U-turn on a planned tax cut for the highest earners....

Futures Storm Higher After Smaller Than Expected RBA Rate Hike Boosts Speculation Global Tightening Is Ending

Futures Storm Higher After Smaller Than Expected RBA Rate Hike Boosts Speculation Global Tightening Is Ending Yesterday's furious rally, which following a miserable September and Q3,...

Mortgage mayhem sparks fears of a housing market crash in Britain

There are growing fears of a housing market crash in the U.K. A number of banks suspended mortgage deals for new customers. Many have now returned to the market with significantly higher rates....

UK's Truss refuses to rule out welfare cuts to fund economic plan

By Andrew MacAskill and Kylie MacLellan BIRMINGHAM, England -Britain's new Prime Minister Liz Truss triggered a fresh row in her party on Tuesday by suggesting that she could limit increases in...

Kwarteng Greenlighted BOE £100 Billion Of Bond-Buying To Quell Market Mayhem

Kwarteng Greenlighted BOE £100 Billion Of Bond-Buying To Quell Market Mayhem Last week, the Bank of England intervened to prevent a gilt market crash by pledging to purchase...

Kwarteng IEA fringe event hints at how deeply thinktank is embedded in No 10

Key figures at rightwing thinktank have close links to Liz Truss and several alumni are now on her staffPolitics live: latest updatesKwasi Kwarteng’s longest public appearance at the Conservative...

Pound hits two-week high after debt plan U-turn

Kwasi Kwarteng wants to reassure investors by bringing forward details on how tax cuts will be paid for.

UK Gold Dealer Sold Out of Bullion After Pound's Record Fall Causes Demand to Skyrocket

The pound’s plunge to a record low versus the dollar, as well as the turmoil in financial markets, is said to be the cause of the sudden increase in demand for the precious metal. The United...

Britain’s Economic Experiment Stumbles at the Start

Britain has lost its place as the world’s fifth-largest economy to India. The UK has been hit hard by the global financial crisis since 2008. The NHS has an immense backlog of patients, keeping...

Dollar Weakens as Treasury Yields Drop; Sterling Retains Strength

By Peter Nurse Investing.com - The U.S. dollar retreated in early European trading Tuesday with risk sentiment on the rise, while sterling retained its recent gains after the U.K. government’s...

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

BIRMINGHAM, England (AP) — British Prime Minister Liz Truss has insisted she is leading “a listening government” that learns from its mistakes, as she tries to restore her shaky authority and...

Britain's weakened Truss faces fight for credibility

By Elizabeth Piper, Andrew MacAskill and Alistair Smout BIRMINGHAM, England - British Prime Minister Liz Truss had hoped her governing Conservative Party's annual conference would be her crowning...

Hong Kong Dollar Bears Are Curiously Quiet. Thank the UK

Hong Kong’s monetary chiefs can raise a glass to Liz Truss and Kwasi Kwarteng for giving global speculators something else to jump on.

Exclusive-UK gilt market resilient despite 'major repricing'

By David Milliken LONDON - Britain's bond market is undergoing "a major repricing", but should comfortably absorb the extra 62 billion pounds ($69 billion) of debt announced after finance...

Britain's tax backdown bounces stocks and sterling

Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan. Australia's central bank added to that sense of relief by lifting interest rates by a...

Marketmind: Sense and sensibility

A look at the day ahead in European and global markets from Tom Westbrook The foundations of a turn-around Tuesday are there. Britain has opened the door to dismantling plans for spending its way...

Analysis-UK bond market crash takes shine off Big Bang plans for London

By Huw Jones LONDON - Britain's new Prime Minister Liz Truss promised to "unshackle" the City of London to fuel growth, but crashing the bond market over tax cuts will take the shine off her "Big...

Kwasi Kwarteng may have U-turned, but huge spending cuts are still coming

Despite scrapping the 45p tax rate, the government is clinging to £43bn of tax cuts. Public services and those on benefits will feel the painAfter the right turn, the U-turn. Despite abandoning...

The UK property market could be about crack. Here's how to trade the sector, analyst says

The U.K.'s property market has been thrown into turmoil after political turmoil saw borrowing costs in the country soar. Earlier this month, expansive tax cuts announced by U.S. Finance Minister...

Britain's tax backdown bounces stocks and sterling

By Tom Westbrook SYDNEY - Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment and rallying bonds and the...

UK’s central banker fights inflation, financial crisis and government

In late August, Bank of England Gov. Andrew Bailey was at a symposium in Jackson Hole, Wyo., when a New York University economist flagged a problem. In a world where central banks are quickly...

UK's Kwarteng to bring forward publication of his fiscal plan

LONDON -British Finance Minister Kwasi Kwarteng is to bring forward publication of his medium-term fiscal plan to bring down public debt to later this month, the Financial Times and a government...

Chancellor Kwasi Kwarteng to set out debt plan earlier than planned

The chancellor will publish plans "shortly" after pressure to calm markets over his mini-budget.

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