Company insolvencies at highest level since 2009 as energy bills bite

The number of company insolvencies in England and Wales hit its highest level for 13 years in the second quarter of the year, according to official figures.

Kwarteng rules out wholesale reforms to bank 'firewall' regime

Kwasi Kwarteng, the chancellor, has ruled out tearing up the regime put in place to segregate high street lenders' investment banking arms that was put in place after the 2008 financial crisis.

Bank of England official criticises mini-budget action - as sidelined OBR creates 'uncertainty'

Another Bank of England official has weighed in to criticise the government's mini-budget announcement - rebuking the absence of Office of Budget Responsibility (OBR) input, detailing how the UK bond market reaction was unique, and reiterating the Bank's resolve to return inflation to 2%.

Bank of England confirms intervention to stabilise pensions market after mini-budget

The Bank of England has confirmed it intervened to stabilise the pensions market following the chancellor's mini-budget as multiple firms which schemes were reliant on faced the prospect of being wound up within hours.

September records slowest retail sales growth since shops reopened post-pandemic

September saw the slowest retail sales growth since shops reopened post-COVID restrictions due to a combination of inflation, economic crisis and an uexpected bank holiday, figures show.

New oil and gas licensing will boost economy and energy security, minister insists

Jacob Rees-Mogg has insisted a new licensing round for oil and gas exploration will boost the UK's economy and energy security.


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