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Whole chains may not collapse, many new buyers and borrowers will be forced to pause and rethink. we might see a lot of people who have started the process and are early on pull out and think they are going to wait and see. if rates do rise ever more and evermore quickly, and there's a rumour the next bank of england base rate rise might be 1.25% or 1.5% in one fell swoop, that is going to make people revisit their finances. the mortgage market is in shock. an unprecedented 935 mortgage products were withdrawn last night as lenders don't know how high interest rates will go. major lender natio...

The basic rate of income tax to 19p and the pound in england, wales and northern ireland next april and abolish the 45p rate of tack for people earning over £150,000. he will reverse the 1.25% increase in national insurance in november and cancel a planned rise in corporation tax paid on company profits that was due to go up to 25%. he has cut stamp duty, there will be none to pay on the first £250,000 of a house purchase and to fund this, the government will need to borrow £234 billion this year. potentially more than 100 million a year in coming years, an astronomical sum and the governme...

Crisis and inflation - and labour shortages. the crisis is continuing. so i then said earlier this year to the chancellor, . "you can't stop helping". £400 billion? thank you, great — . save the businesses, save the economy, - unemployment really low. but you can't stop helping. did he listen? no. then eventually, we had a bit of help for consumers — - £37 billion, if you remember, a few months ago. _ so, where is the help for businesses? - "oh, no, no." you've got to help. businesses as well. so, you're quite glad to see the back of rishi sunak, then? i'm very happy that liz truss' poli...

World view — what she wants to do in government. now, whether she can achieve it is a massive other thing. but i think we'll get a real sense by the end of tomorrow. we kind of got it already from plenty of the stuff that we got on the trip to new york with the prime minister and then what we have heard from the health secretary and all the rest of it. but by the end of tomorrow we'll have a proper sense of, this is what the truss government wants to try and achieve and then, we'll be able to kind of measure its success against its own kind of metrics, based on what they say in the coming we...

With the prime minister and then what we have heard from the health secretary and all the rest of it. but by the end of tomorrow we'll have a proper sense of, this is what the truss government wants to try and achieve. and then we'll be able to kind of measure its success against its own kind of metrics, based on what they say in the coming weeks, months and years. and there's already some detail about what's going to be in this big fiscal statement because on thursday the treasury confirmed that they are going to repeal the increase in national insurance that there was this year, and the heal...