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- BusinessFinancial Times
Ministers must reassure the markets about their growth plan
The “mini” Budget has made a challenging economic environment tougher. The government was right to tackle downside risks and to act decisively to address rising energy prices. Other details should have waited for a proper Budget, accompanied by costings from the Office for Budget Responsibility.
BusinessYahoo Finance UKInterest rate rises: what you need to know
The current Bank of England base interest rate sits at 2.25% but it is set to soar.
- NewsFinancial Times
Sterling faces more pressure as difficulties mount for UK
The earthquake triggered by the new UK government’s tax-cutting, free-spending “fiscal event” late last month has just about finished shaking markets. The Bank of England’s renewed bond purchases have helped quell the mayhem in UK government bonds, and its hints of hefty interest rate increases in the pipeline have buttressed sterling. Unquestionably, the UK’s reputation among investors has been tarnished.
