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The Latest Breaking News from Mervyn King

No tax hike ‘on payslips’, minister insists amid confusion over ‘working people’

Bridget Phillipson refused to say whether a small business owner earning around £13,000 in net profit would count as a working person.

Evening Standard

Keir Starmer’s warning to ministers after cabinet Budget row erupts

Angela Rayner leads revolt against ‘huge’ spending cuts in Rachel Reeves’s Budget

The Independent UK

Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts

Senior ministers are pushing back against cuts as Rachel Reeves finalises her first Budget as chancellor

The Independent UK

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The £40bn question: How will Rachel Reeves balance the books?

Chancellor boosted by a surprise drop in inflation after the cabinet is warned she may need to find £40bn in taxes and borrowing in her Budget, dwarfing previous estimates of the fiscal ‘black hole’

The Independent UK

Ex-Bank of England chief Mervyn King urges Rachel Reeves to raise national insurance in Budget

Exclusive: In a dramatic intervention, the former governor of the Bank of England tells the chancellor she must be ruthlessly honest with the public

The Independent UK

Watch out, Rachel Reeves: the old guard is ganging up on your borrowing ambitions

The shadow chancellor had plans to increase borrowing to invest in infrastructure and more, but the weight of expert disapproval is wearing her down

The Guardian - UK

Gyles Brandreth recalls late Queen’s savage quip to Mervyn King during financial crisis

Exclusive: Author and broadcaster recalled fond memories of the late monarch during a talk at Henley Literary Festival

The Independent UK

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Bank of England risks recession with interest rate rises, Mervyn King says

Warning from ex-governor adds to concerns about economy with Bank tipped to raise rate above 5%

The Guardian - UK

Britcoin? UK gets closer to launching a digital currency

Britcoin is moving closer to reality

The Independent UK

PDC World Darts Championship schedule including Michael Van Gerwen

Peter Wright failed to defend his title with Michael van Gerwen the favourite to triumph at Ally Pally

The Independent UK

PDC World Darts Championship odds, tips and prediction including Michael Van Gerwen

Peter Wright failed to defend his title with Michael van Gerwen and Gerwyn Price among the favourites to triumph at Ally Pally

The Independent UK

Rob Cross admits career like a written-off car as he signals World Championship aim

Rob Cross has faced a tumultuous time since he became world champion five years ago but he has signalled he's "ready to go again" at Ally Pally

Daily Mirror

Bank of England ‘blindsided’ by Kwasi Kwarteng’s mini-budget, says governor

Andrew Bailey tells Lords committee of ‘extraordinary process’ with ‘no formal communication’ between Treasury and Bank

The Guardian - UK

Rishi Sunak’s cuts will be more brutal than austerity. Remember: they are a choice, not a necessity

Can voters forgive the gutting of services already at breaking point, asks Guardian columnist Polly Toynbee

The Guardian - UK

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The Guardian - UK

Austerity could be more difficult this time round, says Lord King

Former Bank of England governor says politicians must be clear that taxes and mortgage rates will rise

Evening Standard

Former Bank of England chief warns of ‘higher taxes for the average person’

Lord King of Lothbury outlined the challenge for the next prime minister to confront high inflation.

The National (Scotland)

'More difficult than austerity': Former top banker warns of necessary tax rises

SIGNIFICANTLY higher taxes on the average person would be needed to finance higher public spending in the UK, according to a former Bank of England…

The Guardian - UK

Andrew Bailey: who is the Bank of England governor – and is his job safe?

He has been accused of being asleep at the wheel over inflation, but sacking the Threadneedle Street chief would be a risky step

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The National (Scotland)

Watch Susie McCabe perfectly sum up the case for independence on Question Time

Watch comedian Susie McCabe perfectly sum up the case for independence on BBC Question Time in Inverness

Evening Standard

A recession is worse than inflation -- why the Bank is getting this all wrong

City Voices: Former Bank Governor Mervyn King scores nought out of ten

Bangkok Post

Britain’s inflation rate surges to a 40-year high of 9%

UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure for action from the government and central bank.

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