Financial Times

FT Weekend reports that pensions watchdogs are holding discussions with asset managers to avoid a fresh crisis when the Bank of England’s emergency bond-buying ends.

By May, the Bank of England’s chief economist Huw Pill predicts borrowing costs in Britain will nearly triple to 6.25% as a result of the government’s new debt-laden economic plan.

As investors fret over the sustainability of public finances, the Bank of England and Treasury have rushed to calm market turbulence after the pound hit an all-time low against the dollar.

Despite the pound dropping to its lowest point since 1985, Kwasi Kwarteng has pledged more tax cuts.

After Kwarteng’s £45bn tax cut gamble, the pound slumps below $1.09.

There could be a big rise in interest rates in November, according to the Financial Times.

A nuclear threat by the Russian president over the conflict in Ukraine leads The Financial Times.

The FT’s lead article features Liz Truss defending tax cuts.