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- Business
Lasting effects of ‘mini’ Budget will be felt far beyond the trading floors
The writer is chief executive of the Resolution Foundation think-tank We all make mistakes, it’s their scale that matters. Britain…
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Former Redcar steelworks torn down in one of UK’s biggest explosive demolitions
A former steelworks has been torn down in what is believed to be one of the biggest explosive demolitions in…
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Passengers facing hefty hire car bills count cost of rail strikes
A n Australian tourist facing a hefty hire car bill of up to £400 was among the frustrated passengers who…
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Ministers vow ‘spending discipline’ after mini-budget market chaos
M inisters have insisted the Government remains committed to “spending discipline” after Chancellor Kwasi Kwarteng’s £45 billion mini-budget tax cuts…
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Limiting the shock: adjusting personal finances to market turmoil
Most British investment managers spent last week pinned to their screens, watching the impact on their funds of the UK…
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UK pension fund crisis shows there is no capitalism without capital or risk
The writer is co-founder of Ondra Partners It is beyond ironic that an investment strategy that claimed to eliminate risk…
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UK home buyers count the cost of Kwarteng’s mini-Budget
Until last week Charles Wycherley saw market conditions for his family estate agency in southern England as like being “on…
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Kwasi Kwarteng, the chancellor who blew up the markets
Hours after delivering his not-so “mini” Budget last week, Kwasi Kwarteng crossed the road to a small Westminster pub. As…
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Prime Minister unable to say whether autumn benefits rise will go ahead
T he Prime Minister would not be drawn into whether benefits claimants might see a real terms cut as a…
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European markets upbeat as UK economy grows
T here were glimmers of hope on Friday as official figures showed that the UK economy grew in the latest…
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Restrictions on shop junk food displays come into effect
R estrictions on where shops in England can display junk food come into effect this weekend, despite concerns that Liz…
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Fed ‘attentive’ to spillovers from global rate rises, vice-chair says
The second-in-command at the US central bank has said the Federal Reserve is “attentive to financial vulnerabilities” posed by the…
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FTSE 100 Live: Pound tanks after Kwarteng meets with OBR
1664538449 FTSE 100 stays positive but moves off day-highs after Downing Street meeting with Budget watchdog London’s main stock index…
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Momentum of the early years of workplace pensions drive ‘needs to be regained’
T he drive to encourage saving into workplace pensions needs to regain momentum, a decade after the scheme started, according…
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Fresh rail strike to disrupt services across the UK
F urther strikes by railway workers in the bitter dispute over pay, jobs and conditions are “inevitable” unless the deadlocked…
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Dignity swings to £48m loss as cremations hit by higher fuel costs
F unerals group Dignity has revealed it swung to a loss of nearly £50 million and is considering introducing a…
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Jump in mortgage approvals in August is ‘calm before the storm’
T he number of home-buyer mortgage approvals increased sharply in August, to the highest level since January, according to the…
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Apple VP quits after ‘fondling’ gaffe viral video
A senior Apple exec is quitting the company after a video emerged of him boasting of “fondling big breasted women”…
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UK remains only G7 economy to languish below pre-pandemic levels
Significant revisions to UK data indicate that Britain is the only G7 economy that remains smaller than it was before…
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Gareth Bale ales to hit supermarket aisles ahead of World Cup tournament
W elsh football hero Gareth Bale’s own-brand beers are to hit supermarket aisles ahead of the World Cup in Qatar.…
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UK economy latest: GDP stuck below pre-pandemic levels
© ALEX PLAVEVSKI/EPA-EFE/Shutterstock Two closely watched gauges of Chinese manufacturing sector activity diverged on Friday, complicating the outlook for the…
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Liz Truss and Kwasi Kwarteng to meet OBR in effort to reassure markets
UK prime minister Liz Truss and chancellor Kwasi Kwarteng will on Friday try to reassure markets they are serious about…
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UK house price growth stalls as rate rises pinch incomes
UK house prices were flat this month for the first time since July 2021, Nationwide figures show, revealing the impact…
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Five lessons from Britain’s bad week
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to…
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Liz Truss’s growth delusion
There is a fashionable line of attack against Liz Truss’s single-minded focus on growth: what about the poor? What about…
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‘Scary’ market turmoil makes investors wary of UK private equity
Pension funds and insurers are “spooked” about committing cash to UK-focused private equity groups, in a sign that chancellor Kwasi…
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Sterling briefly erases losses from Kwasi Kwarteng’s ‘mini’ Budget
Sterling briefly recovered against the US dollar to levels before Chancellor Kwasi Kwarteng delivered the UK government’s “mini” Budget last…
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King Charles coin portrait unveiled by the Royal Mint
T he official coin effigy of King Charles III has been unveiled by the Royal Mint. People will start to…
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High energy prices will harm children’s development, charities warn
C harities have warned that high energy prices will harm children’s development this winter after a survey found a quarter…
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King Charles to appear on UK coins before Christmas
King Charles III will appear for the first time on coins as part of a memorial collection that will include…
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Truss and Kwarteng to meet with OBR amid market turmoil
L iz Truss and Kwasi Kwarteng will meet with head of the Office of Budget Responsibility on Friday, in the…
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Cross-party MPs demand Kwasi Kwarteng brings forward next ‘fiscal event’
A n influential cross-party group of MPs has said the Chancellor should bring forward his next “fiscal event” and economic…
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Instagram bans Pornhub account permanently
I nstagram has now removed Pornhub’s account from its platform, according to a Vice report, three weeks after temporarily disabling…
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Kwarteng must publish UK economic forecasts by end of October, senior Tory urges
Kwasi Kwarteng must publish new forecasts for the British economy by the end of October to calm the chaos in…
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Truss and Kwarteng defend tax cuts as ‘right plan’ to get economy moving
L iz Truss and Kwasi Kwarteng have insisted their £45 billion package of tax cuts is the “right plan” to…
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Criminal barristers to vote on new legal aid pay deal to end strike
Criminal barristers are to vote on whether to accept an improved deal on legal aid rates from the government aimed…
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M&G break-up is not on the cards, says new boss
M &G’s new chief executive has ruled out a break-up of the investment and savings group as he was unveiled…
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Next slashes profit forecasts in bleak warning for the high street
N EXT today slashed profit forecasts after a tough summer, a worrying indicator for the rest of the high street…
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Next chief Simon Wolfson says he flagged LDI concerns to Bank of England
The head of Next has said the UK retailer warned the Bank of England that an investing strategy that plunged…
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‘Devastating’ if Tories break promise to uprate benefits in line with inflation
U -turning on a commitment to increase benefits in line with inflation would lead to disabled people “starving and freezing…
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New oil and gas licence plans will withstand legal challenge, says energy boss
T he body that represents the UK’s offshore energy sector has insisted it is “confident” plans for new oil and…
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Stock markets give back gains made after Bank of England’s intervention
T he “positive glow” sparked by a major Bank of England intervention in gilt markets is “fading fast, analysts said…
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‘Real concern’ for pensioners banking on triple lock
“ Real concern” will be caused to pensioners who are banking on getting a pension increase in line with inflation,…
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Lessons for Truss when economic orthodoxy bites back
The disdain for economic orthodoxy was dripping from Liz Truss’s lips in the first big interview of her campaign to…
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What we can learn from the past week’s market ructions
This article is an on-site version of Martin Sandbu’s Free Lunch newsletter. Sign up here to get the newsletter sent straight to…
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Bank of Ireland fined more than 100m euro over tracker mortgage breaches
B ank of Ireland has been fined more than 100m euro by the Central Bank for regulatory breaches affecting tracker…
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Holiday Inn owner says booking systems fully restored after cyberattack
H oliday Inn owner InterContinental Hotels Group (IHG) said it has fully restored service on its systems after it was…
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Apple loses nearly $100bn in value after iPhone production curb
S hares in Apple dropped around 4% in in early trading the US, wiping nearly $100 billion off its value,…
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Lessons from Mary Poppins
The British have always been poor at teaching money skills in school, so my first lessons in investment came from…
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NHS doctor pension reform needs a fair approach
In the past few years the British Medical Association, the doctors’ trade union, has been waging a campaign to change…
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