The Latest Breaking News from Kwasi Kwarteng

The Treasury moved to settle the markets with the promise of a Budget next spring as the pound tumbled against the dollar on Monday.

Sir Keir will outline an ambition to ‘turn the UK into a growth superpower’.

Labour leader borrows slogan from Tony Blair as he describes party as ‘political wing of British people’

While most people in the UK were still in bed in the early hours of Monday morning, the pound dived. It fell over 4% during Asia trading to reach its lowest ever level against the dollar of US$1.035, while also hitting €1.079 against the euro. This was an exceptional fall,…

Analysts want Bank of England to increase interest rates to ‘restore credibility’ to UK economy

It comes as the pound has hit an all-time low against the US dollar

The shadow chancellor again sought to reassure businesses that Labour would work with them in government.

The Bank of England is expected to give a statement on the sterling’s slump

The Bank of England is watching developments in financial markets ‘very closely’, says Governor Andrew Bailey

Britain's opposition Labour Party set out its economic vision on Monday, promising, if in power, to be fiscally responsible and take care of public services, in a swipe at the Conservative government's tax cuts for the wealthy.

THE Bank of England is preparing to make an emergency statement this afternoon after the pound plummeted to its lowest ever level against the US…