FTSE 100 Live: Pound tanks after Kwarteng meets with OBR

FTSE 100 Live: Pound tanks after Kwarteng meets with OBR

1664536104 Pound tanks after Kwarteng meets with OBR The pound fell 1.5% against the dollar to $1.10 after it emerged the government won’t ask the Office for Budget Responsibility to speed up its economic forecasts, as Liz Truss and Kwasi Kwarteng met with the head of the UK’s Budget watchdog, Richard Hughes.  The Treasury said the OBR would deliver … Read more

FTSE 100 Live: Pressure expected to stay on London stocks

FTSE 100 Live: Pound tanks after Kwarteng meets with OBR

L ondon’s main stock index was expected to stay under pressure on Friday, while Liz Truss and Kwasi Kwarteng were preparing to talk with the head of the UK’s Budget watchdog. The Downing Street meeting will follow after a week of market turmoil followed the government’s redrawn tax and spending plans and comes as senior … Read more

Motorists face higher fuel prices as excise cut ends but farmers, trucking industry expect relief

Motorists face higher fuel prices as excise cut ends but farmers, trucking industry expect relief

A temporary cut to a government fuel tax ends this week, but industry figures say the ensuing price rises will not necessarily be bad news for farmers and truck drivers. Key points: A temporary halving of the fuel excise ends this week, driving up fuel prices at bowsers Truck operators say changes to fuel tax credits … Read more

Bank of England forced to intervene after pound plummets – Sky News

Bank of England forced to intervene after pound plummets – Sky News

Bank of England forced to intervene after pound plummets  Sky News Bank of England says it won’t hesitate to hike rates after pound falls to historic low  CNBC Pound crashes to all-time low as UK chancellor hints at more tax cuts  Channel 4 News The Bank needs to act fast to regain its credibility  The Telegraph Bank of England … Read more

Targetting government, UK’s Labour pledges sound finances and strong public services

Targetting government, UK’s Labour pledges sound finances and strong public services

Register now for FREE unlimited access to Reuters.com Register LIVERPOOL, England, Sept 26 (Reuters) – Britain’s opposition Labour Party set out its economic vision on Monday, promising, if in power, to be fiscally responsible and take care of public services, in a swipe at the Conservative government’s tax cuts for the wealthy. At their annual … Read more

Britain bets all on historic tax cuts and borrowing, investors take fright

Britain bets all on historic tax cuts and borrowing, investors take fright

Register now for FREE unlimited access to Reuters.com Register Kwarteng cuts top rate of income tax in dash for growth Huge increase in UK government debt issuance planned Gilts suffer biggest slump in decades Pound falls to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng unleashed historic … Read more

Ban on gas fracking in England lifted in push for energy independence

Ban on gas fracking in England lifted in push for energy independence

Register now for FREE unlimited access to Reuters.com Register Britain pushing to increase domestic energy supply Moratorium has been in place since 2019 More research needed to assess risk of tremors BGS survey says challenges remain on predicting impact LONDON, Sept 22 (Reuters) – Britain on Thursday formally lifted a moratorium on fracking for shale … Read more

UK eases pressure on business by halving energy bills this winter

UK eases pressure on business by halving energy bills this winter

Sheep graze beneath a row of electricity pylons near Ellesmere Port, Britain, October 11, 2021. REUTERS/Phil Noble/ Register now for FREE unlimited access to Reuters.com Register Wholesale electricity, gas bills to be capped from October Level will be less than half current market prices Government says deal will prevent companies collapsing LONDON, Sept 21 (Reuters) … Read more

Michael Sukkar warns Labor Government against raising taxes on the back of RBA Governor Philip Lowe’s comments

Michael Sukkar warns Labor Government against raising taxes on the back of RBA Governor Philip Lowe’s comments

Senior Liberal frontbencher Michael Sukkar has warned Treasurer Jim Chalmers against heeding Reserve Bank Governor Philip Lowe’s advice to raise taxes this term. The RBA Governor on Friday flagged the drastic need for a boost in government revenue, suggesting Labor employ tax cuts in the near future. Labor repeatedly ruled out raising taxes during the … Read more

How did Britain change during the Queen's reign? – Sky News

How did Britain change during the Queen's reign? – Sky News

How did Britain change during the Queen’s reign?  Sky News Queen Elizabeth II’s most notable achievements …The Leader podcast  Evening Standard What was Queen Elizabeth II’s role in WWII? | Opinion  Deseret News View Full Coverage on Google News