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The pound and UK government bond yields have recovered in anticipation of a key statement from the new chancellor tasked with sorting out the fallout from...
Chancellor Jeremy Hunt will deliver parts of his medium-term fiscal plan later today, the Treasury has said. In a statement the Treasury said the chancellor was...
Unions are close to organising co-ordinated strike action “very soon” following the “horror story” of the past few weeks, a union boss has told Sky News....
The government is pressing ahead to introduce legislation which will require transport workers to run a minimum service when strikes are taking place. It comes after...
Interest rates will have to be raised higher than initially hoped in the face of inflationary pressures, the Bank of England (BoE) governor has suggested. Speaking...
So farewell, then, Trussonomics. The demise of the country’s second shortest-lived chancellor also brings with it the demise of the country’s shortest-lived economic movement. Liz Truss...
The Bank of England has purchased £19.3bn of UK government bonds and concluded part of its extraordinary intervention to prevent a collapse in the pensions industry....
Ministers are in talks with major US-based producers of liquefied natural gas (LNG) in a bid to bolster Britain’s energy security. Sky News has learnt that...
The financial markets have responded positively to the government’s anticipated U-turn on parts of its massive mini-budget programme of unfunded tax cuts and energy price cap...
Jeremy Hunt has been appointed chancellor after the prime minister sacked Kwasi Kwarteng. Mr Hunt returns to the frontbenches after a few years off, after serving...
Royal Mail has announced it will begin a process to make 5,000 to 6,000 roles redundant by August next year. The announcement, made in a trading...
The Bank of England is set to stop its government bond buying scheme today after attempting to reassure the UK’s financial markets. The Bank launched the...
Kwasi Kwarteng will return to the UK from Washington earlier than planned, as another major mini-budget U-turn is expected. The chancellor was due to attend a...
As Liz Truss faces open revolt in her party over her planned tax cuts, her chancellor will today try to reassure the IMF that everything is...
Royal Mail workers are striking on multiple days across the next few months, with people warned to expect delays to their parcels and letters. Around 115,000...
The chancellor’s mini-budget “complicated matters” for the Bank of England as it battled to bring down inflation, the International Monetary Fund’s chief economist has told Sky...
A leading City lawyer has been shortlisted to become the next chief executive of the competition watchdog. Sky News has learnt that Ali Nikpay, a partner...
This is starting to look a little… unnerving. This morning the Bank of England tweaked its emergency intervention into the government bond (gilts) market for a...
The economy unexpectedly shrank in August, contracting by 0.3% on the previous month. The growth in July has also been revised downwards, from the previously recorded...
The pound had a tough start on Monday morning and has yet to recover the cent it lost against the dollar on Tuesday night. The drop...
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Donald Trump announces sweeping global trade tariffs – including 10% on UK imports
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