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The Latest Breaking News from Jagjit Chadha

More pain for Reeves as government borrowing cost nears 27-year high

Chancellor is urged to ‘get a grip’ on country’s finances as yield on 30-year bond rises to 5.62%

The Guardian - UK

UK recovery ‘will accelerate and force Bank to keep interest rates higher for longer’

Niesr forecasts raise doubts over chance of further cuts by Bank of England before end of year

The Guardian - UK

Let’s stop kidding ourselves we’re a rich nation and get real… the UK’s gone bust

Britain depends on the kindness of strangers to get by in the world. It doesn’t have to be like this

The Guardian - UK

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How Britain became the G7’s inflation outlier – in one chart

This week’s CPI figures look set to highlight a trend: that prices in the UK seem to rise faster than they do elsewhere

The Guardian - UK

Mini-budget will not lead to promised growth, leading economists tell MPs

Economic confidence in UK seriously undermined by Kwarteng and Truss’s ‘guerrilla tactics’, Commons committee hears

The Guardian - UK

Liz Truss can learn from the progress of second Elizabethan age, not its failures

The cost of living, as now, was the focus for households when the Queen came to the throne in 1952

The Guardian - UK

UK inflation will soar to ‘astronomical’ levels over next year, thinktank warns

The rise will force the Bank of England to hike interest rates higher and for longer than previously expected, says NIESR

The Guardian - UK

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Boris Johnson has left the UK economy in a parlous state

Analysis: If Johnsonomics stands for anything, it is a lack of plan or vision to address Britain’s economic woes

The Guardian - UK

Rishi Sunak blamed for wasting £11bn of taxpayer cash servicing government debt

The institute's director, Professor Jagjit Chadha, said that Rishi Sunak's actions had left the country with "an enormous bill and heavy continuing exposure to interest rate risk".

Daily Record

Rishi Sunak accused of wasting £11bn of taxpayer cash in 'jaw-dropping' debt interest row

The Tory Chancellor was accused of failing to get insurance against interest rates rising on £900bn of reserves. Downing Street said the claims were 'simply not true'

Daily Mirror

Sunak accused of squandering £11bn in debt interest payments

The National Institute of Economic and Social Research said the Chancellor failed to insure against the risk of rising interest rates.

The Independent UK

Further 250,000 UK households face destitution in 2023, warns NIESR

Thinktank calls for urgent £25-a-week UC uplift and £250 one-off payment to cushion poorest from inflation

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