Truss has no real choice but to stick to her risky pro-growth proposition October 3, 2022 No one could say that Liz Truss had started her premiership quietly, after the hiatus of mourning the late queen. The chancellor’s “mini-budget” ten days ago was one of the most significant changes of economic policy in a generation. While Kwasi Kwarteng might have hoped for better reviews of his first major outing, he has [...]
Minister says Rees-Mogg wants to ditch ‘all business regulations’ for SMEs October 2, 2022 Business secretary Jacob Rees-Mogg wants to scrap all business regulations for SMEs with under 500 employees, according to a Treasury minister. Chief secretary to the Treasury Chris Philp told a fringe event at the Tory party conference today that Rees-Mogg would soon outline a package of measures to slash business regulation. “One of which is [...]
Crypto markets flat as US stocks continue descent while Sterling recovers September 30, 2022 Bitcoin was holding the line just above $19,500 this morning - half a per cent above yesterday, and just two per cent up from last week.
Budget watchdog to deliver forecasts next week after emergency meeting with PM September 30, 2022 The UK's independent fiscal watchdog confirmed it will deliver an initial forecast for the government's so-called mini budget next week after an emergency meeting with the chancellor and prime minister today.
Pound recovers losses as Bank interventions boosts confidence September 30, 2022 The pound recovered its losses against the dollar for a short time this morning as moves by the Bank of England in recent days helped calm the fallout of Kwasi Kwarteng’s tax cutting mini budget last week.
Maximilian Riedel: The 11-generation boss guiding the legendary glassmaker September 30, 2022 Walking down the street with Maximilian Riedel, the 11th generation chief of the glassware firm that bears his family name, sounds like a demanding experience – at least if you work in his sales team. “I said to Steve (McGraw, Riedel’s UK managing director), when I walk the streets of London, I tend to look [...]
Germany rolls out £177bn support package to ease soaring energy bills September 29, 2022 Chancellor Olaf Scholz has stepped in with a historic support package to support households and businesses from soaring energy prices.
Next boss warns of two cost of living crises after slashing forecasts September 29, 2022 Next has slashed its sales forecasts for the second half of the year today despite a 16 per cent jump in pre-tax profit in the six months to July.
As Starmer dreams of Downing Street, beware of sweeping electoral reform September 29, 2022 Labour can finally start dreaming about being able to form a majority government at the next election. So it may seem odd timing for the party’s conference to endorse electoral reform for the first time in nearly a hundred years.
Bank of England launches £65bn emergency care package to tame UK market carnage September 28, 2022 The Bank of England today scrambled to head off a “material risk to UK financial stability” driven by higher UK borrowing costs. In a mid-morning statement to the City, the Bank said it is launching an emergency, time-limited bond buying scheme amid market chaos triggered by investor concerns over the UK’s fiscal and economic credibility. [...]