Moody’s: UK’s economic outlook now ‘negative’, ratings agency says
Craig TaylorPolitical instability and high inflation in the country means it is less likely to pay back debts, the ratings agency says. BBC News – Business
Business
Pound rises as Liz Truss announces resignation
Sterling initially rose sharply to $ 1.13 as investors reacted to the news of the prime minister’s departure. BBC News – Business
Cost of living fears grow as inflation returns to 40-year high
Cost of living increases by 10.1% in year to September as BBC survey suggests concern is rising. BBC News – Business
What Jeremy Hunt’s statement means for you
The new chancellor has outlined a host of policy changes. This is how is affects your finances. BBC News – Business
Tesco warns public faces hardship in wake of interest rates rise
John Allan told the BBC he feels a “moral responsibility” to help those affected by rates going up. BBC News – Business
Government borrowing costs rise after PM’s U-turn
Borrowing costs climbed as some economists questioned whether the corporation tax U-turn went far enough. BBC News – Business