2022-10-13
Financial Times Front Page 13th of October 2022
According to the Financial Times, Liz Truss is under increasing pressure from within her own party to rewrite her tax-cut plans.
According to the Financial Times, Liz Truss is under increasing pressure from within her own party to rewrite her tax-cut plans.
According to the Financial Times, the Bank of England has intervened again in support of pension funds
The Bank of England and the chancellor failed to calm markets, according to the Financial Times
According to the Financial Times, US Treasury secretary Janet Yellen called the Opec+ move “unhelpful and unwise”.
According to the FT, the government is moving forward with plans to cap the revenues renewable electricity generators make from sky-high wholesale prices.
According to the Bank of England, its intervention saved Britain from a financial crisis.
According to the Financial Times, the US has accused OPEC of aligning itself with Russia following Saudi Arabia’s decision to cut oil output.
The Financial Times reports that Liz Truss will use her speech on Wednesday to rally Conservative MPs behind her tax-cutting economic policy.
In an attempt to reassure markets, Chancellor Kwasi Kwarteng is set to speed up the release of his plan to cut Britain’s debt, after backtracking on a key part of his mini-budget.
According to the Financial Times, Kwasi Kwarteng will tell Conservative party members he is confident his plan to scrap the 45p top income tax rate is “the right one”.