Economics / Markets

30-year gilt yield slumped to 4.4% from above 5% this morning

Recommends against plan put forward by chancellor Kwasi Kwarteng

HM Treasury and BoE try to calm markets after collapse of the pound

Costs will be covered for two years under Energy Price Guarantee

Chancellor Kwasi Kwarteng's speech confirmed OBR report to come

Chancellor attempting to drive growth in the economy

Several planned tax cuts confirmed by Kwasi Kwarteng

The 0.5 percentage point increase was smaller than predicted

Wholesale prices expected to be fixed for all non-domestic energy customers

CPI fell to 9.9% in August from 10.1% in July