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The Latest Breaking News from Economy

Liz Truss breaks silence on mini-budget and economic turmoil

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

Wales Online · Sep 29, 2022

UK's Truss defends economic plan that sent pound tumbling

British Prime Minister Liz Truss has defended her economic plan and says she’s willing to make “difficult decisions” to get the economy growing

The Independent UK · Sep 29, 2022

Liz Truss defends 'controversial and difficult decisions' in first public interview since mini-budget announcement

The PM is touring local BBC radio stations this morning - including Bristol

Bristol Post · Sep 29, 2022

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Decline in service sector blamed as Scotland’s GDP falls by 0.2% in July

Deputy First Minister confirms plan to outline Scottish Government economic response in an emergency budget review next month

Insider UK · Sep 29, 2022

Truss and Kwarteng take just five days to show Tories can't be trusted with our money

Record View says the Chancellor should be sacked immediately if the economy is to survive another pummelling after he gambled with all our futures.

Daily Record · Sep 29, 2022

Bristol film and TV shows including The Outlaws generate millions of pounds for city

It is the largest contribution that filming-related activity has made towards Bristol’s economy in a decade

Bristol Post · Sep 28, 2022

Chaiwut oversteps

Digital Economy and Society (DES) Minister Chaiwut Thanakamanusorn is in hot water for his unbecoming remarks against anti-government protesters who plan to rally tomorrow, the day the Constitutional Court hands down a ruling on the fate of suspended Prime Minister Prayut Chan-o-cha after a petition by the opposition bloc.

Bangkok Post · Sep 28, 2022

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UK market mayhem sparks 'unprecedented' bond-buying from Bank of England

The Bank of England has launched a £65 billion emergency bond-buying programme, in an effort to calm the markets and avert a financial crisis. The "unprecedented" support comes amid mounting criticism of the government's plan to slash taxes. Also in the show: Beata Javorcik, Chief Economist at the European Bank…

France 24 · Sep 28, 2022

Treasury minister says ‘we’ll press ahead with tax cuts’ as Tory backlash grows amid market turmoil

Cabinet ministers ‘to be told to make efficiency savings’ amid growing Tory backlash over mini-Budget chaos

Evening Standard · Sep 28, 2022

Want To Beat Stagflation? Invest Like It's the 1970s

If you're looking to beat sticky inflation and slowing growth in your portfolio, consider using the past as a guide for navigating today's mixed-up economy.

Kiplinger · Sep 28, 2022

US: Fuel Economy Of Seventeen 2022 BEV Models Exceeds 100 MPGe

Energy efficiency of electric cars tramples internal combustion engine cars and according to the latest data, there are more ultra-efficient BEVs than ever.

InsideEVs · Sep 28, 2022

Indy campaigners demand SNP hold their nerve on 'fairer' Scottish taxes in protest

PROTESTERS gathered outside Holyrood as chaos engulfed the UK economy following the announcement of its reckless tax-slashing plans to demand the…

The National (Scotland) · Sep 28, 2022

Newcastle Building Society pulls all its mortgage deals after UK economy plunged into turmoil

Mortgage deals have been withdrawn at a record rate, while a North East business chief has warned it is 'increasingly difficult' for financial markets to regain trust in the UK economy

Chronicle Live · Sep 28, 2022

Economic storm tests UK's new leader, alarms Conservatives

Britain’s new Prime Minister Liz Truss is under pressure to reverse announced tax cuts that have triggered a financial crisis in an already struggling economy

The Independent UK · Sep 28, 2022

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The Guardian - UK · Sep 28, 2022

Labour parties like it’s 1997 as Tories descend further into chaos

If the IMF intervention wasn’t bad enough for Liz and Kwasi, Keir’s morning round of interviews turned into a victory lap

Evening Standard · Sep 28, 2022

Keir Starmer calls for emergency Parliament recoil amid turmoil in UK financial markets

‘What the Government needs to do now is recall Parliament and abandon this budget’

The National (Scotland) · Sep 28, 2022

Is the UK economy already in recession?

THE Bank of England has been forced to step in following the collapse in the value of the pound after Chancellor Kwasi Kwarteng’s “mini…

Irish Mirror · Sep 28, 2022

Ryanair boss Michael O'Leary calls UK tax plans 'nuts'

'I think they could bankrupt the UK economy in the next two years'

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Irish Mirror · Sep 28, 2022

Michael O'Leary warns Government over 'unfair' environmental taxes on airlines

'What’s going on at the moment is fundamentally unfair and wrong. It’s very damaging'

The Guardian - UK · Sep 28, 2022

Truss accused of hiding from budget chaos as No 10 resists recall of MPs

Opposition leaders urge PM and chancellor to take action over economic fallout and recall parliament

Daily Mirror · Sep 28, 2022

Labour's plans for the economy explained as turmoil engulfs UK - and hits you

Labour has sought to cast itself as the party of 'sound money' as alarm mounts over the Chancellor's explosive mini-Budget

Daily Record · Sep 28, 2022

'Where is Liz Truss?' Opponents demand answers and recall of parliament to deal with financial crisis

Labour and the SNP called on the Westminster government to face the Commons and the markets as the Bank of England intervened with reserves to keep the UK economy stable.

Benzinga · Sep 28, 2022

China's 'Rapid' Debt Buildup May Portend A Looming Financial Crisis: New York Fed

China’s recent debt buildup following the Covid-19 pandemic has researchers from the Federal Reserve Bank of New York wondering if the country can avoid a financial crisis in the years to come.

Evening Standard · Sep 28, 2022

The Standard View: Sterling crisis leaves no easy options for Kwasi Kwarteng

The fallout from Kwasi Kwarteng’s “mini-budget” is far from over. The International Monetary Fund has criticised the “untargeted fiscal packages” and suggested the Chancellor had an opportunity in November to “re-evaluate the tax measures”. This is highly unusual language, particularly directed at a major economy such as the UK.

Birmingham Post · Sep 28, 2022

Bank of England launches urgent bond-buying programme to avoid 'material risk' to UK economy

'The Bank of England stands ready to restore market functioning and reduce any risks from contagion'

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