UK in recession and further interest rate hikes on their way, Bank warns Kwarteng Threadneedle Street makes clear on eve of tax-cutting mini-budget that plans risk triggering more rate rises
Pound falls below $1.09 and borrowing costs jump as UK markets take fright
The pound fell to a fresh 37-year low against the dollar and UK borrowing costs surged to the highest in more than a decade as the government’s radical tax cut
Mini-budget: Pound and bonds slump as investors take fright over borrowing spree
The stimulus package revealed by the chancellor surprised and shocked financial markets in equal measure, with one US bank now openly talking about the prospect of pound parity with the US dollar.
Pound falls to 37-year low against dollar as mini-budget puts markets in spin
FTSE 100 drops more than 2% to trade below 7,000 for first time since early March
Pound falls and borrowing costs jump as UK markets take fright
UK borrowing costs surged to the highest level in more than a decade and the pound fell to a 38-year low against the dollar as markets took fright at the prospe
U.K. Markets Rattled by New Government’s Tax and Spending Policies
Stocks, bonds and the pound were jolted by policy details from the new government that entailed a huge rise in borrowing.
How the markets reacted to Kwarteng's plan for growth
The government’s programme has cost the UK dearly, even before the first pound is borrowed.
Treasury minister claims mini-budget has boosted pound – as it hits 37-year low
Chris Philp red-faced after saying ‘Great to see sterling strengthening on the back of the new UK Growth Plan’