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The spectacular collapse of the pound against the US dollar has shattered the illusion that Britain is entitled in perpetuity to special status among the world elite.
Bruno Le Maire is the French opposite number to chancellor Kwasi Kwarteng.
PM and chancellor say they will not publish projections until late November despite them being ready next week.
A weaker than expected recovery from the coronavirus pandemic has left the UK as the only G7 country with a smaller economy than in early 2020, according to official figures likely to further undermine the government’s tax-cutting measures.
There is only one real way to properly calm the markets – the Prime Minister and the Chancellor need to reverse the unfunded tax cuts they announced.
In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity.
"Investors have got the message. Britain is not the bet it once was." / The Bank of England was forced to step in yesterday to prevent mass insolvencies of pension funds.
Rejecting expertise and skill in favour of loyalty was always going to lead to this.
Brexiteer MP overheard talking about markets on night of 2016 referendum vote. / Chancellor Kwasi Kwarteng reportedly said “who cares if Sterling crashes” in the immediate aftermath of the Brexit referendum result in 2016.
Six years into the Brexit disaster, the malevolent anti-democratic forces who did so much to facilitate the success of the vote to leave the EU in June 2016 are finally where they always wanted to be: running the government...
"I am very fearful for Britain on the path that it is travelling." / Former US Treasury Secretary Larry Summers says Brexit and Liz Truss’s extreme tax cutting is turning the UK into a “submerging market”.
Brussels has warned Britain not to break their post-Brexit trade deal by slashing regulation in its new drive for economic growth.
Red tape continues to frustrate small businesses as the hunt for the sunlit uplands goes on.
The Chancellor is trying to keep talent in a financial sector that is losing ground to the EU. / Of all the things the government could be doing to improve the economy right now, scrapping the cap on bankers’ bonuses seems like the most brazenly tone-deaf.
Plans to cut down needless regulations by reviewing policies after two years have faced criticism from Whitehall departments amid claims the proposals will be time consuming and burdensome.
To do their jobs properly, scientists need stability. They need secure sources of funding. They need to be able to collaborate with other researchers across the globe, without unnecessary barriers. / But there’s a huge question mark hanging over the UK’s involvement in major scientific programmes like Horizon Europe.
The economic fallout from leaving the EU is becoming all too apparent.
Nicholas Walton gives up leadership of €2.8m pan-European research after dispute over Northern Ireland protocol.
Stagflation reflects the "realities that Brexit has wrought", economist Adam Posen said.
Greg Hands was asked why Michael Gove made the promise if it is now considered a bad move.
Fears are growing of Christmas chaos for British businesses and consumers after industry warned of factory shutdowns within weeks as fuel prices spiral upwards.
ANGUS Robertson has said that Brexit is the "biggest single factor" in the UK's supply chain crisis.
TORY ministers caved in to Australian ministers’ climate demands during talks on a post-Brexit trade deal, according to a leaked government email.
The British government secretly dropped a series of climate pledges in order to secure a post-Brexit trade deal with Australia, leaked emails appear to show.