Bank of England warns of ‘significant’ rate rises as Kwasi Kwarteng says his plan will work

T he Bank of England has signalled it is ready to ramp up interest rates to shore up the pound as Chancellor Kwasi Kwarteng insisted he was “confident” his tax-cutting strategy will deliver the promised economic growth. After a day of turmoil in the markets on Monday which saw sterling slump to a record low … Read more

Starmer urges Truss to rethink budget as IMF criticises tax plans | Keir Starmer

Liz Truss needs to review the budget urgently after “very serious” criticism from the International Monetary Fund and with the UK economy out of control, Keir Starmer has said. The Labour leader said November would be too late for the government to revisit its plans, as people were “very, very worried” about the possibility of … Read more

‘Concerning’ rise in people dying in road collisions involving police, watchdog says | UK News

There has been a “concerning” rise in the number of people dying in road traffic incidents involving police, a watchdog has warned. Thirty-nine fatalities were recorded last year – an increase of 14 deaths on the previous 12 months, according to the Independent Office for Police Conduct (IOPC). It is the highest level since 2018-19, … Read more

Pound falls after IMF urges Kwarteng to ‘re-evaluate’ tax cuts

The pound has fallen again in Asia trading following the IMF’s intervention urging the government to rethink tax cuts. Sterling was trading at just under $1.07 (1.069) on Wednesday morning, falling 0.4 per cent from $1.08 for much of Tuesday but rising from Monday morning’s record low of $1.03. It comes after the International Monetary … Read more

Bank of England forced to intervene over ‘material risk’ to UK economy

Good morning. The pound has sunk back into the red after two major interventions last night reignited investor concerns about the UK’s tax-cutting Budget. In an extraordinary development, the IMF urged Prime Minister Liz Truss to reverse her economic policies – pointing particularly to the decision to scrap the higher rate of income tax. Ratings … Read more

Kwasi Kwarteng to hold meeting with bankers as fallout from mini-budget continues | Politics News

Chancellor Kwasi Kwarteng is due to meet bankers today in an effort to calm nerves after his mini-budget spooked the markets and sent the pound crashing. The Treasury has categorically denied he will ask financiers not to bet against the pound, which has fallen to record lows against the dollar in recent days. He is … Read more

Why has Britain fallen in love with Botox? There is only one way to find out … | Cosmetic surgery

Although botulinum toxin A was first approved in the US in 1989 for the treatment of eye muscle disorders, Botox wasn’t Hollywood-approved to address the ravages of time until around the mid-90s. It was frowned on initially, though naturally not by the celebrities who’d had it, as they could no longer frown. Directors would complain … Read more