mini-budget
- Banking
Gilt yields soar past Mini Budget levels on UK wage growth jump
Two-year gilts rose 0.38 percentage points to 4.85%, according to data from MarketWatch, past the 4.64% peak last seen in…
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Gilt yields near Mini Budget highs after hotter-than-expected UK inflation
The UK headline CPI rate of 8.7% in April surprised to the upside, despite falling from 10.1% in March. The…
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Jupiter’s Richard Buxton: Rishi Sunak as Prime Minister brings stability after chaotic month for UK assets
Sterling has rallied and UK gilt yields have fallen back to the levels prevailing before then-Chancellor Kwasi Kwarteng’s disastrous Budget. …
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Liz Truss scraps corporation tax cut in latest Mini Budget U-turn
Speaking at a press conference shortly after 2.30pm, she said that it is “clear” that parts of her government’s Mini…
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‘The great Truss retreat’: U-turn on 45% tax rate ‘not the solution’ to market turmoil
Chancellor Kwasi Kwarteng revealed today (3 October) that the government will be reversing the plans to scrap the 45% rate…
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Treasury Committee calls for OBR forecast to be expedited due to ‘continued market uncertainty’
Chair of the committee Mel Stride has written to Chancellor Kwasi Kwarteng to ask that he make an OBR forecast…
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