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Government says ‘no need for emergency intervention’ in financial markets
Government says ‘no need for emergency intervention’ in financial markets - Uncertainty over fiscal stability and wider global pressures caused sterling to weaken on Thursday.
UK markets are orderly, no need to intervene, minister says
By David Milliken and Muvija M LONDON (Reuters) -British financial markets remain orderly and there is no need for authorities to intervene, deputy finance minister Darren Jones said on Thursday after sterling fell to a 14-month low and 30-year borrowing costs hit their highest since 1998.
Markets 'orderly' despite soaring borrowing costs, says Treasury minister
The Treasury has said UK financial markets are functioning "in an orderly way" despite the pound plunging to its lowest level for over a year after a rout in the bond markets. Government borrowing costs increased further on Thursday morning,
LBC
3h
Rachel Reeves 'eyeing hotel tax and disability welfare cuts' in frantic bid to stabilise public finances
Rachel Reeves is said to be planning to slash billions of pounds in disability benefits and introduce a “hotel tax” as she ...
The i on MSN
14h
UK will not forget AI safety while looking for growth, says minister
Science Secretary Peter Kyle says online safety cannot be “pitted against economic investment” as he prepares to unveil the ...
2d
on MSN
Britain is on the verge of a financial crisis. A key U.K. Treasury official says he can’t afford a Bloomberg subscription.
He insisted that the British government is committed to its fiscal rules — calling them “nonnegotiable” — and said it was ...
GB News on MSN
3d
'Party political rant!' Andrew Pierce rips into Labour minister as Rachel Reeves avoids urgent question
GB News host Andrew Pierce has slammed Chief Secretary to the Treasury Darren Jones for delivering a "party political rant" ...
3d
on MSN
UK politics - live: Truss mocked over plea to Starmer, minister apologises during fresh farmer protest
Truss mocked over plea to Starmer, minister apologises during fresh farmer protest - Liz Truss’ 2022 mini-budget sparked gilt ...
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