Average two-year mortgage rate highest for 14 years
Craig TaylorA typical two-year fixed rate deal has breached the 6% mark for the first time since November 2008. BBC News – Business
Business
Chancellor Kwasi Kwarteng to set out debt plan earlier than planned
The chancellor has been under pressure to say how he will pay for major tax cuts package. BBC News – Business
What happened to the UK economy, pound and mortgages this week?
The last seven days have been a rollercoaster with mortgage costs and the pound thrown off course. BBC News – Business
Trains and postal services hit by mass strikes
Large parts of Britain have no train services as rail workers in several unions walk out. BBC News – Business
Kwasi Kwarteng: We stopped consumer spending collapse
Chancellor Kwasi Kwarteng says he will stick to his tax cut plan despite days of market turmoil. BBC News – Business
Bank of England steps in to calm markets
The Bank says it will buy government bonds to prevent a “material risk to UK financial stability”. BBC News – Business