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Business

Business

Having sealed her chancellor’s fate, the markets could seal the prime minister’s fate

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....

by admin October 14, 2022
Having sealed her chancellor's fate, the markets could seal the prime minister's fate
Business

Bank of England ceases bond-buying after spending £19.3bn

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...

by admin October 14, 2022
Bank of England ceases bond-buying after spending £19.3bn
Business

Government steps up talks to secure gas supplies ahead of winter demand surge

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...

by admin October 14, 2022
Government steps up talks to secure gas supplies ahead of winter demand surge
Business

Markets react negatively to Truss speech despite positive response to government U-turn on mini-budget

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...

by admin October 14, 2022
Markets react negatively to Truss speech despite positive response to government U-turn on mini-budget
Business

Jeremy Hunt made chancellor after Liz Truss sacks Kwasi Kwarteng

Jeremy Hunt has been appointed chancellor after the prime minister sacked Kwasi Kwarteng. Mr Hunt returns to the frontbenches after a few years off,...

by admin October 14, 2022
Jeremy Hunt made chancellor after Liz Truss sacks Kwasi Kwarteng
Business

Royal Mail plans to make up to 6,000 roles redundant by August

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...

by admin October 14, 2022
Royal Mail plans to make up to 6,000 roles redundant by August
Business

Bank of England to stop government bond buying scheme today

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...

by admin October 14, 2022
Bank of England to stop government bond buying scheme today
Business

‘Don’t prolong the pain’: IMF criticises UK government for ‘undermining’ Bank of England

The head of the International Monetary Fund has delivered a blunt condemnation of the UK government’s mini-budget – pointing out government and Bank of...

by admin October 13, 2022
'Don't prolong the pain': IMF criticises UK government for 'undermining' Bank of England
Business

Chancellor Kwasi Kwarteng insists he is ‘not going anywhere’ – and hints at mini-budget U-turn

The chancellor has insisted he is “not going anywhere” amid the economic turmoil – and when asked if he was about to do a...

by admin October 13, 2022
Chancellor Kwasi Kwarteng insists he is 'not going anywhere' - and hints at mini-budget U-turn
Business

US inflation falls but still higher than expected

US inflation dropped to 8.2% over the 12 months to September. The US Bureau of Labor Statistics (BLS) said the consumer price index (CPI),...

by admin October 13, 2022
US inflation falls but still higher than expected
Business

Royal Mail strikes: When are staff walking out and what’s affected?

Royal Mail workers are striking on multiple days across the next few months, with people warned to expect delays to their parcels and letters....

by admin October 13, 2022
Royal Mail strikes: When are staff walking out and what's affected?
Business

EasyJet say customer satisfaction at levels not seen since 2019 and cancellations as low pre-pandemic

EasyJet have said customers were happier with service over the summer than they were in 2019, before the travel chaos following pandemic lockdowns, despite...

by admin October 13, 2022
EasyJet say customer satisfaction at levels not seen since 2019 and cancellations as low pre-pandemic
Business

Chancellor Kwasi Kwarteng insists he is ‘not going anywhere’ and is ‘totally focused’ on growth plan

The chancellor has insisted he is “not going anywhere” amid the economic turmoil in the UK and said he remains “totally focused” on delivering...

by admin October 13, 2022
Chancellor Kwasi Kwarteng insists he is 'not going anywhere' - and hints at mini-budget U-turn
Business

Kwasi Kwarteng in Washington DC for talks with IMF as Liz Truss faces revolt at home

As Liz Truss faces open revolt in her party over her planned tax cuts, her chancellor will today try to reassure the IMF that...

by admin October 13, 2022
Kwasi Kwarteng in Washington DC for talks with IMF as Liz Truss faces revolt at home
Business

Royal Mail strikes: When are staff walking out and what’s affected?

Royal Mail workers are striking on multiple days across the next few months, with people warned to expect delays to their parcels and letters....

by admin October 13, 2022
Royal Mail strikes: When are staff walking out and what's affected?
Business

Mini-budget ‘complicated’ Bank of England’s battle to bring down inflation, says IMF chief economist

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...

by admin October 12, 2022
Mini-budget 'complicated' Bank of England's battle to bring down inflation, says IMF chief economist
Business

Government borrowing costs hit 20-year high after Bank of England confirms bond-buying will end on Friday

UK government borrowing costs have hit a 20-year high after the Bank of England confirmed its emergency bond-buying programme will end on Friday as...

by admin October 12, 2022
Government borrowing costs hit  20-year high after Bank of England confirms bond-buying will end on Friday
Business

Is my pension at risk? Your guide to the market mayhem facing funds

The economic credibility of the government has come under siege on financial markets since last month’s tax-cutting mini-budget. While the value of the pound...

by admin October 12, 2022
Is my pension at risk? Your guide to the market mayhem facing funds
Business

Jacob Rees-Mogg says he has ‘confidence’ in Bank of England governor Andrew Bailey but disputes pension funds ‘at risk’

Jacob Rees-Mogg has declared his confidence in the governor of the Bank of England, but disputed that pension funds are at “systemic” risk. Speaking...

by admin October 12, 2022
Jacob Rees-Mogg says he has 'confidence' in Bank of England governor Andrew Bailey but disputes pension funds 'at risk'
Business

Top City lawyer Nikpay in frame to run competition regulator

A leading City lawyer has been shortlisted to become the next chief executive of the competition watchdog. Sky News has learnt that Ali Nikpay,...

by admin October 12, 2022
Top City lawyer Nikpay in frame to run competition regulator
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