Chris Giles | Financial Times

Thursday, 6 October, 2022

Tuesday, 4 October, 2022

ExplainerUK public finances

Five ways Kwarteng can reduce UK debt

Fiscal discipline will be difficult for the chancellor to achieve, but it is possible

Friday, 30 September, 2022

UK business & economy

S&P puts UK credit rating on notice with ‘negative outlook’

Agency cites ‘additional risks’ in lending to the country following Kwasi Kwarteng’s mini-Budget

Friday, 30 September, 2022

UK politics & policy

Kwarteng faces test persuading UK watchdog of fiscal plans

Chancellor and PM Liz Truss’s meeting with OBR officials on Friday marks start of effort to reassure markets

Thursday, 29 September, 2022

UK politics & policy

Truss faces growing Tory pressure as Labour opens 33-point poll lead

UK prime minister vows to stick to tax-cutting plans despite gilt sell-off resuming

Thursday, 29 September, 2022

Bank of England

BoE under pressure over pensions ‘time-bomb’

Central bank has ‘work to do’ outside mainstream banking sector, says chief economist

Thursday, 29 September, 2022

UK business & economy

Lessons for Truss when economic orthodoxy bites back

The UK prime minister’s experiment fails to take account of unforeseen consequences in the real world

Wednesday, 28 September, 2022

Bank of England

Bank of England launches £65bn move to calm markets

Central bank to spend £5bn a day for 13 days over ‘material risk to UK financial stability’ and threat to pensions

Wednesday, 28 September, 2022

UK financial crisis

Bank of England goes into full crisis management mode

But analysts express concern Threadneedle St appears willing to print money to finance the government

Wednesday, 28 September, 2022

UK politics & policy

Truss allies hit back at IMF over criticism of tax cuts

Fund urged UK government to rethink ‘large and untargeted fiscal packages’ that risk stoking inflation

Wednesday, 28 September, 2022

International Monetary Fund

IMF urges UK to ‘re-evaluate’ tax cuts in biting attack on fiscal plan

Multilateral lender warns ‘untargeted’ package risks stoking inflation

Tuesday, 27 September, 2022

News in-depthUK business & economy

Is Britain now in a full-blown economic crisis?

Analysts play down comparisons with developing country troubles, but highlight prospect of spending cuts

Tuesday, 27 September, 2022

Pound Sterling

Pound resumes slide after BoE and Treasury seek to steady markets

Sterling falls below $1.07 despite central bank and government reassurances about interest rates and stable finances

Monday, 26 September, 2022

ExplainerPound Sterling

How significant is the sterling crisis?

Recent falls represent the perception of a problem with the UK’s currency rather than simply US dollar strength

Sunday, 25 September, 2022

UK business & economy

Kwarteng vows to stick with tax cuts despite investor jitters

Tory MPs and traders braced for further market volatility after UK chancellor insists ‘more to come’

Sunday, 25 September, 2022

News in-depthUK politics & policy

Kwarteng invokes Thatcher but UK faces very different times

Budget cuts to income tax are where similarities with former PM’s policies and Reaganomics end

Friday, 23 September, 2022

UK business & economy

Pound tumbles below $1.09 after UK’s £45bn tax cut package

Kwarteng axes top rate of income tax and reduces basic rate but gilt yields surge on government borrowing fears

Friday, 23 September, 2022

The Big Read

The inflation fight: are central banks going too far, too fast?

With sharp rises in interest rates and currency interventions, central bankers insist they will vanquish inflation, whatever the cost

Friday, 23 September, 2022

UK economic growth

Kwarteng’s growth hopes hit by borrowing costs

Treasury counting on debt-financed tax cuts and energy subsidies not pushing up inflation and driving down pound

Thursday, 22 September, 2022

News in-depthUK interest rates

Bank of England prepares for tug of war with Treasury

Future moves on interest rates will be influenced by the impact of UK government’s fiscal plans

Thursday, 22 September, 2022

UK interest rates

Bank of England lifts interest rates by 0.5 percentage points

UK rate-setters hold back from matching global peers’ more aggressive increases but hint at large rise in November

Wednesday, 21 September, 2022

UK Budget

Mini-Budget risks setting UK on ‘unsustainable path’, say IFS and Citi

Ahead of Kwarteng’s Commons speech on Friday, economists warn of £60bn-a-year hole in public finances

Wednesday, 21 September, 2022

ExplainerUK business & economy

Behind the cost of business crisis hitting UK plc

Despite the government’s energy package, spiralling costs and falling consumer spending mean the stage is set for recession

Tuesday, 20 September, 2022

UK business & economy

Truss plans radical shift in economic policy

New UK prime minister readies tax-cutting mini-Budget and says she is prepared to be unpopular

Friday, 16 September, 2022

News in-depthUK politics & policy

City of London welcomes plan to scrap bankers’ bonus cap

Kwarteng’s proposal is political risk that experts say is likely to have little effect on growth

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