Fears Burnham tax rises will strangle economy as figures show growth already stalling - but Pound rises as traders bet 'Red' Ed Miliband WON'T be Chancellor ○
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11 days ago
Official data revealed that GDP grew just 0.1 per cent in May, having dropped by the same proportion in April.
4 months ago
Pound hits three-month low against dollar as growth grinds to a standstill ⊕
The Office for National Statistics said the economy had ground to a halt with zero growth in January.
Another Keir Starmer ally quits as Rachel Reeves' top aide departs her Treasury team ⊕
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a story from The Daily Mail 💩 › The Daily Mail
Matt Pound will leave his role as Rachel Reeves' political secretary after the Chancellor gives her Spring Statement next week.
5 months ago
Pound and gilts under pressure as leadership crisis threatens Starmer ⊖⊖
Investors fearful of political turmoil following a period of relative calm in UK markets
Pound soars to four-year high: Sterling hits $1.3790 as 'sell America' trading hits the dollar ⊕
Sterling rose to $1.3790 - its strongest level since October 2021 - while the euro hit its highest point against the US currency since June that year.
7 months ago
Pound rises to highest level against the dollar in two months as investors grapple with outlook for rates ⊖
Sterling edged up as much as 0.6% to $1.3457 amid suggestions rates may be cut faster in the US than the UK next year.
8 months ago
Markets get jitters after Reeves DROPS Budget plan to hike income tax amid panic that Labour MPs will oust Starmer… but she could slash thresholds instead to fill £30bn black hole ⊖
The Pound has already taken a hit after the extraordinary U-turn emerged overnight, following weeks of signals that the move would go ahead.
Pound tumbles to seven-month low as Rachel Reeves paves way for income tax hike ⊖
Sterling fell below $1.31 against the US dollar for the first time since April, dropping as much as 0.6 per cent to $1.3056, and also drifted lower against the euro.
Pound suffers worst week against dollar since January ⊖⊖
Sterling briefly sank below $1.31, its lowest level since April's tariff-driven market turmoil. It ended down 1.3 per cent for the week and has fallen 2.3 per cent over the course of October.
10 months ago
Pound and gilts stung by Chancellor's borrowing binge ○
The Government borrowed another £18billion last month as it ramps up spending.