Remove uk-news mini-budget-2022
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OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

TheGuardian

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts Kwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are expected to show a hole of more than £60bn left by his sweeping tax cuts and a sharply slowing growth outlook. Continue reading.

Taxes 98
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‘We will likely lose our dream house because of Kwarteng’s actions’

TheGuardian

Three homebuyers on how they have been affected by the collapsing mortgage market Frances, 30, works in the healthcare sector and has been trying to sell her house in Cambridge in order to buy a bigger home in Bristol.

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City sceptical about benefits of scrapping cap on banker bonuses

TheGuardian

Sources at largest banks say the did not lobby for move nor expect it to result in major changes to pay packets When City of London executives were summoned to No 11 Downing Street earlier this month, they were promised reforms that would boost growth, attract talented bankers and usher a new era of prosperity for financial services.

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Doom loops and margin calls: 10 terms that explain the market meltdown

TheGuardian

Your one-stop shop for all the jargon you’ve been reading since Kwasi Kwarteng’s mini-budget Kwasi Kwarteng’s mini-budget has gone down badly in the financial markets. The picture is complex and fast-moving, and the jargon used to explain it leaves much of the public feeling more confused.

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More than 40% of mortgages withdrawn as market reels after mini-budget

TheGuardian

Lenders began pulling products on Monday as they struggled to price products amid financial uncertainty Kwasi Kwarteng’s mini-budget: key points at a glance More than 40% of available mortgages have been withdrawn from the market since the UK government announced its mini-budget on Friday , figures show.

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Banks among biggest beneficiaries of Kwarteng’s mini-budget

TheGuardian

From scrapping the cap on bonuses to slashing red tape, the chancellor unveils a raft of policies he says will boost economic growth Banks will be among the biggest beneficiaries of Kwasi Kwarteng’s mini-budget after he announced a raft of policies to help costs, boost profits, lure staff, fuel house prices and slash red tape.

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Kwarteng throws UK on sacrificial altar of Trussonomics where only bankers win | John Crace

TheGuardian

Chancellor maxes out with morally bankrupt budget that is anything but mini Live updates: Kwasi Kwarteng announces mini-budget Kwasi Kwarteng. A mini-budget that was anything but mini. What a guy! On Monday he put the fun into funeral with a few gags at Westminster Abbey. To infinity and beyond!

Taxes 76