A prominent Conservative lawmaker in the House of Lords said decisions around the time of the Sept. 23 fiscal statement represented a “breakdown at the heart of government” that contributed to a panic in markets.
The European Commission recommended delaying the disbursement of crucial funding to Hungary, saying Prime Minister Viktor Orban’s government has failed to allay its concerns over graft and the erosion of the rule of law.
The government’s primary measures of US third-quarter economic activity painted a mixed picture of the economy’s momentum after a lackluster first half of the year.
Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse.
The UK government will relax the ring-fencing of banks as part of efforts to deregulate the City of London and get a “Big Bang” out of Brexit, according to a person familiar with Treasury plans.
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