UK

Liz Truss says her government has “done the right thing” in its mini-budget in order to get the economy growing. Speaking to the BBC in a raft of local radio interviews this morning, the prime minister said “urgent action”, along with “controversial and difficult decisions”, needed to be taken to improve the situation in the
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The Bank of England’s chief economist has said the government’s mini-budget, which led to the pound falling to a record low against the dollar, will require “a significant monetary policy response”. Speaking at the International Monetary Policy Forum, Huw Pill reasserted the Bank of England’s willingness to act to rein in inflation. Mortgage repayments could
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The pound has fallen to a record low against the dollar amid a fresh investor rush towards the US currency globally. Sterling slipped by nearly 5% early on Monday to $1.0327 – building on fresh 1985 lows seen on Friday after UK chancellor Kwasi Kwarteng unveiled the biggest programme of tax cuts for 50 years.
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The Bank of England says it “will not hesitate to change interest rates as necessary” after markets reacted badly to the chancellor’s tax-cutting mini-budget. In a statement, the Bank said it was “monitoring developments in financial markets very closely in light of the significant repricing of financial assets”. It came after the pound fell to
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Fresh evidence of a toxic bullying culture in Parliament has emerged, as a Sky News investigation reveals numerous shocking allegations of abusive behaviour by MPs. A five-month-long probe uncovered disturbing accounts of MPs regularly demeaning and berating staff, leaving them feeling scared and isolated. Some felt forced to leave politics altogether while others suffered lasting
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Chancellor Kwasi Kwarteng has announced that April’s National Insurance hike is to be reversed from 6 November. The 1.25 percentage point increase was introduced under former chancellor Rishi Sunak, but during the Tory leadership race Liz Truss pledged to change it. Mr Kwarteng made the announcement ahead of a “mini-budget” on Friday. Politics hub: Health
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A 16-year-old boy has been arrested on suspicion of murder after a 15-year-old was stabbed to death in Huddersfield. West Yorkshire Police said: “The youth was arrested at an address in Huddersfield shortly before 5am this morning in connection with the incident in Woodhouse Hill, Fartown, yesterday afternoon. “He remains in custody and enquiries are
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