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The Latest Breaking News from Bank of England

ASX 200 takes a battering in September with it losing 7.5pc in a month

It tracks a broad global sell-off, as recession fears mount in the US as its Federal Reserve fails to temper fears about more rate hikes.

ABC News

Slight stock uptick after England rejig

The Stock Exchange of Thailand (SET) and other Asian bourses were broadly up yesterday in early trade on the expectation that several central banks will follow the Bank of England's move by injecting liquidity to shore up their currencies, according to analysts.

Bangkok Post

Liz Truss to hold emergency talks with OBR after failing to calm markets

Exclusive: in unusual move, PM and Kwasi Kwarteng will meet fiscal watchdog after mini-budget sparked investor panic

The Guardian - UK

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FM mocks idea of 'mirroring' Tory policies – as UK poll gives Labour 33-POINT lead

NICOLA Sturgeon has questioned “what planet” Liz Truss is living on after the Prime Minister suggested Scotland should copy her financial…

The National (Scotland)

‘I’d never seen anything like it’: how market turmoil sparked a pension fund selloff

Bank of England stepped in on Thursday to stabilise price of UK government bonds and avert a deeper crisis

The Guardian - UK

Grinning Liz Truss says it's not her job to give mortgage advice as budget causes chaos

The shameless Prime Minister also appeared to deflect blame for rising interest rates onto the Bank of England and claimed a global global economic pressure is responsible for the UK's woes - despite no other currencies plummeting to the same extent

Daily Mirror

What’s Next for Britain? Simon Wolfson’s prediction isn’t cheery

Share price fell 13% after CEO’s warning worst is to come, but scale of uncertainty makes precise projections impossible

The Guardian - UK

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The Guardian view on the UK economy: sack Kwarteng, oust Truss

Editorial: The crisis was created by the new government. But the British people, not ministers, are paying the price

The Guardian - UK

SPDR Gold Trust Consolidates As Bank Of England Seeks To Stabilize Markets

The SPDR Gold Trust (NYSE: GLD) experienced some volatility intraday trading up and down within Wednesday’s range.

Benzinga

Bombshell polls throw massive question mark over Liz Truss’s future as PM

Tory meltdown after ‘unforced error’ Budget gifts Keir Starmer leads of up to 33 points

The Independent UK

We asked every Tory MP in Greater Manchester what they thought about the mini-budget - not one of them replied

There are eight Conservative MPs in the region

Manchester Evening News

Treasury watchdog to ask Kwarteng to hand over growth forecasts

Tory chair Mel Stride says committee needs to hear how chancellor will boost growth, and suggests one option might be via immigration

The Guardian - UK

Doom loops and margin calls: 10 terms that explain the market meltdown

Your one-stop shop for all the jargon you’ve been reading since Kwasi Kwarteng’s mini-budget

The Guardian - UK

The nine worst blunders Liz Truss made on this morning's tense radio tour

She used one phrase a whopping 61 times

Wales Online

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Newsroom.co.nz

The UK's economic turmoil doesn't have to be ours

Lack of coordination between monetary and fiscal policy is hurting the UK economy and threatening a global currency crisis. What might that mean for NZ?

The National (Scotland)

Douglas Ross ‘concerned’ about his mortgage – despite backing Tory mini-budget

THE leader of the Scottish Conservatives has said mortgage payments are “an absolutely huge concern” – despite backing the UK Government’s…

Wales Online

Friday is the last day you can use paper £20 and £50 notes - what to do if you've got one

They cease to be legal tender on Saturday

The Conversation

How bonds work and why everyone is talking about them right now: a finance expert explains

The Bank of England is buying bonds again. Just as it was about to start selling the debt it had accumulated as part of its last effort to support the economy during the COVID-19 pandemic, the central bank has been forced to announce a new scheme to shore up investor…

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news in one place.

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The Guardian - UK

A global problem? Liz Truss’s claims on financial chaos fact-checked

We look at claims made by the PM and the chief secretary to the Treasury that have raised eyebrows

Daily Mirror

How to protect your money as UK heads for longest recession since the 1920s

Mirror Money editor Levi Winchester looks at how you can best protect your finances in a background of rising interest rates, soaring inflation and the UK likely heading into recession

Daily Mirror

Kwasi Kwarteng breaks silence after mini-budget tanks markets - insisting plan will work

The under-fire Chancellor facts calls to quit after the Bank of England was forced to intervene to prevent pensions firms from collapsing following his catastrophic mini budget

Evening Standard

A cost of borrowing crisis is coming

City Voices: UK economy on life support

The Guardian - UK

Trussonomics has been exposed as a childish absurdity. Trussopolitics is even worse

The prime minister and Kwasi Kwarteng must now eat humble pie and try to steer Britain out of the crisis they created, says Guardian columnist Simon Jenkins

The Guardian - UK

More than 40% of mortgages withdrawn as market reels after mini-budget

Lenders began pulling products on Monday as they struggled to price products amid financial uncertainty

The Independent UK

What are government bonds and how will the Bank of England use them to stabilise markets?

Threadneedle Street intervenes to buy up long-dated gilts and ‘restore orderly market conditions’

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