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The Latest Breaking News from Bank of England

‘Brutal’: media deride Liz Truss’s local radio interviews

Media commentators across political spectrum deride PM’s appearance on local radio to defend economic policy

The Guardian - UK

Why are Britain’s pension schemes dumping government bonds?

Bank of England forced to step in to calm gilt markets as mini-Budget financial storm rumbles on

The Independent UK

Nothing to see here: Truss allies’ curious excuses for financial meltdown

PM and her allies have a number of theories on why current turmoil has nothing to do with Kwasi Kwarteng’s mini-budget

The Guardian - UK

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Petition demanding early general election passes 100,000 needed for parliament consideration

The motion will now be considered for debate

The Independent UK

"Enough to make your ears bleed": Listeners in disbelief at disastrous, awkward Liz Truss interviews this morning as Britain plunges into economic chaos

Ms Truss spoke publicly for the first time since the mini-budget sparked economic chaos

Manchester Evening News

DWP benefit claimants issued warning as MPs suggests payments may not rise with inflation

Those who receive DWP benefits such as Universal Credit, Job Seekers Allowance and Pension Credit have been issued a warning as UK Government ministers suggest that payments may not rise with inflation rates.

Glasgow Live

Truss insists mini-budget is the ‘right plan’ despite market turmoil

Prime Minister faces the media for the first time since the Chancellor's mini-budget on Friday

Insider UK

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Porsche IPO becomes one of Europe's biggest listings in years

Despite higher interest rates and rising inflation, the luxury sector is still thriving. German sports car brand Porsche is one example, with its strong earnings record and hotly anticipated IPO on the Frankfurt stock exchange this Thursday. Also in this edition, we look at the Bank of England's emergency move…

France 24

US Stock Futures Drop Ahead Of GDP, Jobless Claims Data; Micron, Nike Earnings In Focus

Pre-open movers

Benzinga

BBC Radio Leeds presenter Rima Ahmed praised for 'brutal' interview of Prime Minister Liz Truss

The presenter was straight to the point asking Liz Truss 'where had she been?'

Leeds Live

What Liz Truss said to every BBC radio station during car crash round of interviews

The Prime Minister attempted to address concerns surrounding her mini budget in the House of Commons last week.

Daily Record

Liz Truss called out by Bristol radio presenter for giving 'scripted answers'

The Prime Minister hasn't been in the media since the government announced a series of tax cuts in its 'mini budget' on Friday

Bristol Post

Liz Truss defends mini-budget and economic plans despite market turmoil and Bank of England intervention

'I don't accept the premise of the question' - embattled PM gets tough questions as she does BBC local radio interviews

Birmingham Post

House sales COLLAPSE after banks pull mortgage offers - as market meltdown continues

North Wales estate agent Ian Wyn-Jones has warned how mortgage offers are now being pulled, as the market was left spooked this week following the Mini-Budget delivered by Kwasi Kwarteng

Daily Mirror

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The Guardian - UK

Truss says she has ‘right plan’ on economy and will not change course

In series of local BBC interviews, prime minister says she is prepared to make difficult decisions

Nottingham Post

King Charles III stamps, coins and bank notes to enter circulation

It's "the biggest change in British coinage for several decades"

Wales Online

Liz Truss breaks silence on mini-budget and economic turmoil

"We had to take urgent action to get our economy growing"

Manchester Evening News

Couple say they will consider selling up and renting as mortgage rises by £250 a month

A Tory former secretary to the Treasury has said the Government has caused a 'crisis'

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Daily Mirror

Liz Truss FINALLY breaks silence after budget turmoil and says it's 'right for the country'

The Prime Minister refused to accept she was wrong after borrowing £72bn in one year alone to fund tax cuts, sparking turmoil and a £65bn Bank of England bailout

The Guardian - UK

Mark Carney accuses Truss government of undermining Bank of England

Former governor’s comments come after central bank forced into £65bn intervention to avert financial crisis

The Guardian - UK

40% of mortgage deals pulled since mini-budget; financial markets in turmoil – as it happened

Prime minister and Treasury secretary fail to restore investor confidence in series of interviews, as government bond yields rise and stock markets tumble

Daily Mirror

Tories threaten to cut benefits and the state to pay for tax cuts for the rich

As post-mini-Budget chaos engulfs Britain, Treasury minister Chris Philp refused to rule out a real-terms cut to DWP Universal Credit, asked for 'efficiency savings' and said 'I'm not going to apologise'

The Independent UK

Liz Truss government ‘undercutting’ economic institutions, says ex-Bank of England governor

Mark Carney says mini-Budget measures ‘working at some cross-purposes’ with central bank

Evening Standard

FTSE 100 Live: Bank of England intervention to reach £65 billion, stocks slip

The Bank of England’s intervention in the UK government debt market was expected to cost £65 billion, with £5 billion in bond buying every day for a further 13 days.

The Independent UK

Pound slips again in Asia trading after rallying due to Bank of England intervention

Economists say BoE addressed symptom and not cause with intervention

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