The Latest Breaking News from Huw Pill

THERE is international pressure on Chancellor Kwasi Kwarteng to change course following his mini budget announcement.

Sterling was trading at $1.073 on Wednesday afternoon, improving from $1.066 at 2pm

Bank’s emergency move brings relief to bond market, but fails to stabilise UK currency

Huw Pill warned borrowers to brace themselves for a “significant” rate hike after lenders Santander and HSBC, along with the Nationwide and Yorkshire building societies, joined a rush of lenders to pull home loans or up their rates

Kwasi Kwarteng has been urged to 're-evaluate the tax measures' outlined in last week's mini-budget

Amid extraordinary market changes, the Bank of England seems unlikely to sit on its hands

Bank of England’s chief economist speaks out after mini-budget, with financial markets expecting rates to reach up to 6%

The Chancellor sought to reassure investors as the Bank of England’s chief economist said they could not ignore the fall in sterling

Chief economist says mini-budget will increase inflationary pressure in remarks likely to further spook mortgage borrowers

Huw Pill said there had been ‘significant market consequences’ following the chancellor’s announcement of tax-cuts

Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing.