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Ex-Tory business minister Greg Clark says move by his successor was ‘mystifying’
Officials say they knew there were big risks, but could not persuade the chancellor to change course
Sacked chancellor repeatedly refused to apologise to those affected by fiscal statement
Day-to-day spending on public services to be frozen in real terms for three years from 2025
Action taken after funds were forced to dump UK government bonds to raise cash for margin calls
Financial services’ fall from favour may be an acceptable price to pay for stability
New chancellor Jeremy Hunt seeks to reassure markets with plan to balance government’s books
Jeremy Hunt has buried the PM’s economic policies and reassured the markets
Investors and MPs jittery after UK prime minister’s hasty press conference with further instability forecast
The prime minister is facing political ruin after the collapse of her economic agenda, but Conservative MPs do not have an obvious successor to rally around
Industry groups hit out at PM’s decision to proceed with tax rise without introducing investment allowances
Sacking Kwarteng may buy her breathing room but her MPs still do not trust her
Plus, gilts, UK banks, M&A advisers, Socionext, chip embargo
Chancellor makes hasty departure from Washington while markets rally on hopes of reversal of mini-Budget proposals
Senior Conservatives question whether prime minister can survive U-turn on her fiscal plans
Treasury briefly studied cutting or stopping interest payments on lenders’ reserves held by Bank of England
Home loans become more expensive as bond market turmoil continues
Andrew Bailey says central bank’s roles on monetary policy and financial stability are pulling in opposite directions
UK’s 30-year borrowing costs leapt to 5.1% before latest intervention by central bank
Regaining credibility demands more than defiantly jabbing a finger at the Laffer curve
Plus, Keir Starmer puts Labour on election footing
Ineos billionaire hits out at unfunded tax cuts, insisting ‘you have to balance your books somehow or other’
Governor sticks with Friday deadline for central bank action and tells pension funds they have three days left
Chancellor aims to curb public spending as he thrashes out plan to bring debt under control
IFS think-tank tells chancellor not to ‘rely on over-optimistic growth forecasts’
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