Kwasi Kwarteng has promised his upcoming economic plan will be “relentlessly upbeat” as some of his own MPs seemed doubtful of his direction. Speaking in the Commons for the first time since unveiling his mini-budget, the chancellor would not reveal more detail of his next financial announcement, set for Halloween. But he promised it would
The Bank of England’s governor has ruled out extending its bond-buying support for pension funds beyond Friday’s deadline, prompting a dramatic fall in the value of the pound. Andrew Bailey told an event in Washington that funds had “three days left… to get this done” after a series of interventions to support the “dysfunctional” market
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Russian forces are in danger of being cut off in the south of Ukraine by advancing Ukrainian forces, according to a Sky News military analyst. Ed Arnold, a former British Army and NATO officer, and research fellow at the Royal United Services Institute, says the Ukrainians are focussing on cutting communication lines between Russian soldiers,