Rishi backs down in regulator row after Bank of England opposition
Ministers had sought to introduce rules allowing them to veto regulators' decisions. But the Bank of England and the FCA expressed opposition.
Source: thisismoney.co.uk
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Liz Truss warns Britain's post-Covid economic challenge 'is WORSE than 2008 financial crisis'
It emerged the Prime Minister issued the warning to her top ministers as they gathered in Downing Street for the first time since last week's disorderly Conservative conference.
Source: dailymail.co.uk
Bank of England was FORCED to step in over mini-budget
In a letter to MPs defending the Bank's actions, Sir Jon Cunliffe said officials stepped in to prevent a 'self-reinforcing spiral' which could have led to a market meltdown after the mini-budget.
Source: dailymail.co.uk
ALEX BRUMMER: Once again, the financial watchdogs failed to bark...
ALEX BRUMMER: We have lived safe in the knowledge that the financial futures of the ten million Britons in final-salary plans are secure. Until last month, that is.
Source: dailymail.co.uk
UK's Truss meets with fiscal watchdog amid economic crisis - New Delhi Times - India Only International Newspaper
British Prime Minister Liz Truss and her Treasury chief met with the independent Office of Budget Responsibility on Friday amid efforts to ease concerns about unfunded government tax cuts that have unleashed turmoil on financial markets. The meeting was significant because it was the Conservative government’s failure to publish the OBR’s analysis of its tax-cutting…
Source: newdelhitimes.com