mini-Budget
-
Bank was ‘blindsided’ by mini-Budget
Governor Bailey told the Lords that mortgage rates had started to come down
-
Kwarteng blames Truss for mini-Budget meltdown
The former chancellor says he tried to rein the prime minister in, adding she was “mad” to fire him
-
Gilt yields return to pre-Truss levels
The 30-year gilt yield is now at 3.67%, slightly below levels before the mini-Budget
-
Pension funds lawyer up over asset sales
Law firms say they expect a wave of disputes after the mini-Budget led to disposals
-
Stamp duty changes retained as Hunt rolls back mini-Budget tax cuts
The chancellor has scrapped almost all of the measures announced by his predecessor
-
Hunt prepares to unravel Truss’s ‘Growth Plan’
The new chancellor will make a series of statements later today
-
Lenders now see UK as the new Greece
Former Bank of England deputy says it is “disingenuous” to say market turmoil is “global phenomenon”
-
Truss scraps plans to cut corporation tax
Truss moves to reassure financial markets as Jeremy Hunt takes over from Kwasi Kwarteng
-
More U-turns predicted as Kwarteng flies home
The chancellor has returned early from meeting the IMF in Washington DC
-
Mini-Budget’s ‘butterfly flap’ causes tornado for property funds
£190m was withdrawn in the 2.5 weeks since the mini-Budget, against £14m in the previous three weeks
-
Commercial property values will fall by 20%, warns Goldman Sachs
Billions of pounds could be wiped off values by the end of 2024
-
‘Everything in the UK is on sale’, says Ares
Dollar-denominated funds should take advantage of the weak pound