Sterling sinks after finance minister's sacking Sterling fell against a strengthening dollar today after the British government cancelled only part of its fiscal programme, disappointing investors who had expected a bigger … Business • 14 Oct 22
Truss U-turns on corporation tax after sacking Kwarteng British Prime Minister Liz Truss has sacked her chancellor and scrapped parts of their economic package in a bid to stay in power and survive … Business • 14 Oct 22
UK economy on brink of recession as it shrinks in Aug Britain's economy shrank by 0.3% in August from July, hit by weakness in manufacturing and by maintenance work which slowed the oil and gas sector, … Business • 12 Oct 22
Bank of England forced to buy inflation-linked bonds The Bank of England sought again to stem a sharp sell-off in Britain's 2.1 trillion pound government bond markets today, expanding its emergency buying to … Business • 11 Oct 22
UK's Kwarteng brings budget date forward British finance minister Kwasi Kwarteng, under pressure to rebuild shattered investor confidence in the new government's economic agenda, today brought forward the publication of fiscal … Business • 10 Oct 22
UK house prices falling as higher borrowing costs weigh UK house prices fell for the second time in three months in September in month-on-month terms and rising borrowing costs are likely to exert "more … Business • 07 Oct 22
UK govt to work with banks on mortgages as rates jump British finance minister Kwasi Kwarteng has told banks that his department would work closely with the financial sector on mortgage lending, the Treasury said, after … Business • 07 Oct 22
Sterling slips again as investors await US jobs data Sterling edged lower today after a sharp drop the previous day, as investors waited for tomorrow's highly significant US jobs data. Business • 06 Oct 22
Fitch cuts outlook for UK rating to 'negative' Ratings agency Fitch has lowered the outlook for its credit rating for British government debt to "negative" from "stable", days after a similar move from … Business • 06 Oct 22
Sterling rises for sixth session after tax U-turn The pound rose for the sixth consecutive session today as investors welcomed the British government's U-turn on some tax cuts and the US dollar slipped. Business • 04 Oct 22
The UK top tax rate - what is it & why does it matter? British finance minister Kwasi Kwarteng today abruptly dropped his plan to eliminate the top rate of income tax, part of his September 23 "mini budget" … Business • 03 Oct 22
Kwarteng acknowledges 'tough day' after tax cut U-turn UK Chancellor Kwasi Kwarteng has urged the Conservative Party to "focus on the task in hand" as he battled to restore his authority after a … Business • 03 Oct 22
Truss sticks to tax cut plan despite market turmoil British Prime Minister Liz Truss said she would stick to her controversial plan to reignite economic growth as she broke her silence following nearly a … UK • 29 Sep 22
Tax cuts and borrowing define Britain's economic agenda Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing today in an economic agenda that floored financial markets, with … Business • 23 Sep 22
Britain caps electricity and gas prices for businesses Britain said today it would cap the wholesale cost of electricity and gas for businesses at less than half the market rate from next month, … Business • 21 Sep 22
UK may give state loans to energy companies Britain is considering state loans for energy companies that take on customers from firms which go bust due to soaring wholesale gas prices, Business Secretary … Business • 21 Sep 21
October Brexit 'very difficult' - UK minister A senior British government minister has admitted it was "very difficult" for Britain to leave the European Union in five days' time. Brexit Countdown • 26 Oct 19
