The US$6 billion in government guarantees UBS is seeking would cover the cost of winding down parts of Credit Suisse and potential litigation charges, sources said. Source link
Read More »UK plans £11 billion, three-year business tax break in budget
Jeremy Hunt, Britain’s finance minister, will limit the relief to three years and propose a permanent replacement in the Conservative Party’s manifesto, Bloomberg News reported. Source link
Read More »UK Tories tell PM Rishi Sunak he must raise nurses’ pay to fix NHS crisis
Sunak is facing calls to get a grip of the crisis in Britain’s NHS and make a more generous pay offer to end strikes by nurses and ambulance drivers. Doctors are also threatening to strike. Source link
Read More »Truss’ UK energy price caps will help reduce inflation, ONS rules
The Office for National Statistics said the Energy Price Guarantee for households, and the Energy Bill Relief Scheme for businesses, would lower the unit prices of energy that feed into inflation indexes. Source link
Read More »Truss dodges questions on Kwarteng sacking, accused of ‘hiding under desk’
Her new finance chief has taken an axe to the prime minister’s economic plans, leaving the country unsure of who is actually in charge. Source link
Read More »New UK finance minister Hunt tears up PM Truss’ agenda, warns of tax hikes
In crisis talks on Sunday at the prime minister’s country retreat, Hunt and Truss were set to thrash out a new budget plan that he is due to deliver on October 31. Source link
Read More »New UK finance minister warns of higher taxes in latest policy U-turn by PM
New Finance Minister Jeremy Hunt acknowledged mistakes made by his predecessor Kwasi Kwarteng and warned that public spending budgets would likely be squeezed further. Source link
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