MPs express disbelief over sterling slump as privately some fear PM’s government is ‘dead on arrival’ Liz Truss is facing growing pressure from jittery Conservative MPs to sack Kwasi Kwarteng or face a mutiny after the Bank of England’s emergency intervention to address the turmoil in the financial markets. The […]

We rate PM’s likely next steps as she sets about navigating path through crisis of her government’s making Battered by financial markets and besieged by MPs whose constituents’ mortgage payments are set to rocket, Liz Truss must now navigate a serious economic crisis of her government’s own making. Does she […]

Bank of England left with no action but to intervene after Kwasi Kwarteng’s mini-budget The Bank of England has been forced into emergency action to halt a run on Britain’s pension funds after the impact of Kwasi Kwarteng’s ill-received mini budget prompted fears of a 2008-style financial crisis. Threadneedle Street […]

Opposition leaders urge PM and chancellor to take action over economic fallout and recall parliament Politics live – latest updates Downing Street is resisting pressure to recall parliament, with Liz Truss and Kwasi Kwarteng being accused of going into hiding as the markets spiral in response to last week’s mini-budget. […]

International Monetary Fund says measures should target households worst affected by energy crisis and inflation The International Monetary Fund has launched a stinging attack on the UK’s tax-cutting plans and called on Liz Truss’s government to reconsider them to prevent stoking inequality. In rare public criticism of a leading global […]

Communication Workers Union say industrial action will cover Black Friday and the Christmas buildup Royal Mail workers are to hold a further 19 strikes in October and November in a deteriorating and long-running dispute over pay and conditions. The Communication Workers Union (CWU) announced that the industrial action in the […]