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Exclusive: UK gilt market resilient despite ‘major repricing,’ debt office head says

LONDON, Oct 4 (Reuters) – Britain’s bond market is undergoing “a major repricing”, but should comfortably absorb the extra 62 billion pounds ($ 69 billion) of debt announced after finance minister Kwasi Kwarteng’s Sept. 23 mini-budget, the head of the UK Debt Management Office (DMO) said on Monday. Robert Stheeman – the man tasked with …

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Tory Party conference latest LIVE: Kwasi Kwarteng makes humiliating U-turn on 45p top tax rate

However speaking in Birmingham he defended the Government’s measures aimed at growing the economy. The Chancellor told the Conservative Party conference: “I can be frank. I know the plan put forward only 10 days ago has caused a little turbulence. “I get it. I get it. We are listening and have listened, and now I …

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UK’s Kwarteng scraps tax cut after market meltdown – POLITICAL

Press play to listen to this article UK Chancellor Kwasi Kwarteng has junked his plan to cut taxes for high earners after a backlash from financial markets and Conservative Party colleagues that plunged his country into economic crisis. “We get it, and we have listened,” Kwarteng said as he announced the dramatic U-turn on Twitter …

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UK’s Truss makes U-turn on tax after week of market turmoil

Truss had defended the policy on Sunday Kwarteng now says it was a distraction U-turn made with ‘humility and contrition’ – Kwarteng Cut in highest tax rate was small part of overall plan Markets concerned about how plan was to be financed BIRMINGHAM, England, Oct 3 (Reuters) – British Prime Minister Liz Truss was forced …

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EU backs one emergency energy plan. Now for the next one – POLITICAL

Press play to listen to this article The energy emergency gripping Europe will be a long haul – and next winter could be even worse. Ministers meeting in Brussels on Friday secured a deal on the bloc’s latest package of relief measures. It’s one they hope will help to protect households and businesses from cripplingly …

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Why a housing crash scares Britain like nothing else – POLITICAL

Press play to listen to this article LONDON – Even in the midst of a full-blown financial crisis, so much of British politics is about home ownership, in the end. Following an extraordinary slide in Sterling and panic in the gilt markets in the wake of Prime Minister Liz Truss’ tax-cutting “mini-budget,” the Bank of …

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Targetting government, UK’s Labor pledges sound finances and strong public services

Shadow Chancellor of the Exchequer Rachel Reeves is interviewed outside the BBC in London, Britain, October 24, 2021. REUTERS / Peter Nicholls / File Photo Register now for FREE unlimited access to Reuters.com Register LIVERPOOL, England, Sept 26 (Reuters) – Britain’s opposition Labor Party set out its economic vision on Monday, promising, if in power, …

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Analysis: Britain’s new vision leaves onlookers with nightmares

British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit Berkeley Modular, in Northfleet, Kent, Britain, September 23, 2022. REUTERS / Dylan Martinez / Pool Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 23 (Reuters) – Britain’s new economic agenda represents the biggest gamble for growth in a major …

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Denmark breaks ranks on paying for climate damage – POLITICAL

It was not a lot of money, but Denmark’s decision to pay $ 13.3 million to communities struck by climate disasters in places such as Africa’s Sahel region broke a taboo maintained for decades by the world’s richest countries. Until now, wealthy countries have resisted moves to compel them to stump up money to rebuild …

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Are You Eligible for the $ 4,194 Max Social Security Benefit? | Personal Finance

(Maurie Backman) Social Security doesn’t pay all seniors the same amount of money. Rather, the monthly benefit you’re entitled to will hinge on different factors, and you may end up collecting $ 2,000 a month during retirement while your neighbor, for example, only gets $ 1,600. Meanwhile, there’s a maximum benefit Social Security pays every …

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