Economy
Liz Truss faces soaring inflation, a plunging pound and ‘inevitable’ recession
Even if Truss manages to calm the panic about the coming winter, it probably still won’t be enough to prevent the UK economy from contracting
Fund managers urge BoE intervention amid pound bloodbath
Sussex Partners co-founder Patrick Ghali: 'UK company and country fundamentals are looking horrible, and panicked rate rises don’t usually stave off currency runs'
5 min read
Chancellor Kwarteng makes hasty retreat from IMF for crisis talks over planned tax cuts
The pound rallied, nearing a one-week high as the markets priced in the expectation of a U-turn on fiscal plans
2 min read
Jeremy Hunt named chancellor after Kwasi Kwarteng confirms sacking on Twitter amid UK tax U-turn
Kwarteng is now on record for being among the chancellors serving the shortest time
3 min read
Bitcoin, ether dive on red-hot US inflation data
Key consumer price data dashes hopes of Fed slowing pace of planned rate rises
3 min read
