Business and Economics
Business and Economics News
Kwarteng is putting UK’s reputation for stability at risk – Moody’s
"If this was a Labour Chancellor every national newspaper would be calling for his resignation," Peter Stefanovic said.
UK pork pie firm collapses on the back of rising costs and UK labour shortages
A policy brief report released in August found that the rise in vacancies in the UK was highest in jobs that relied most heavily on EU workers - such as warehouse and transport workers.
Brewery dubbed a ‘Brexit export champion’ calls in administrators after EU customers dry up
It reported that customers in Europe wanted to take British beer but that it was not cost-effective.
Bank intervention prevented mass insolvencies of pension funds
Pension funds are natural buyers of long-dated gilts because they provide risk-free guaranteed income decades into the future.
People are sharing the ending to The Big Short
"I have a feeling that in a few years people are going to do what they always do when the economy tanks. They will be blaming immigrants and poor people."
Moody’s deems UK’s new fiscal policy regime ‘credit negative’
“It appears everyone is unusually united in their objection to the Treasury’s tax-cutting plans."
Bank of England launches emergency gilt market operation to prevent borrowing costs from spiralling out of control
The Bank said: “Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability."
Kwarteng faces massive market turmoil after disastrous day for sterling
The Treasury moved to settle the markets with the promise of a Budget next spring as the pound tumbled against the dollar on Monday.
UK economy to grow slower than previously predicted in 2022 – OECD
The influential economic body also forecast that GDP will stay completely flat in 2023 in the UK.