The Latest Breaking News from Kwasi Kwarteng

Sterling fell back to 1.06 US dollars, having recovered to 1.08 US dollars on Tuesday after Monday’s bloodbath saw it reach an all-time low.

Labour leader accuses government of losing control of economy, branding budget a ‘self-inflicted’ problem

Chancellor Kwasi Kwarteng spooked markets this week after delivering his Mini-Budget, with the pound plunging to an all-time low against the US dollar and mortgage deals being pulled

The Labour leader said he hoped the party was more like the one led by Sir Tony Blair than Jeremy Corbyn.

THERE is international pressure on Chancellor Kwasi Kwarteng to change course following his mini budget announcement.

The Labour leader said the Government needed to act following a 'very serious' warning from the International Monetary Fund about the Chancellor's tax cutting bonanza

Sir Keir Starmer has branded comments made by a Labour MP about the Chancellor being "superficially black” as racist.

Labour leader says his own mortgage payments have gone up by ‘few hundred pounds’ a month

Equities and crude prices fell, while the dollar held at multi-year highs Wednesday as recession fears mount, while traders are also growing increasingly concerned about tensions with Russia after it declared victory in controversial Ukraine annexation polls. Investors are also keeping a close eye on London, after new finance minister…

Sterling was trading at $1.073 on Wednesday afternoon, improving from $1.066 at 2pm

Bank’s emergency move brings relief to bond market, but fails to stabilise UK currency