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UK current account deficit reduced to £32.5B, or 5.3% of GDP in Q2; primary income account recorded a deficit of £1.9B, or 0.3% of GDP: ONS
Published: September 30, 2022 by UK Office for National Statistics (ONS)
Deutsche Bank warns collapse of British pound would drive further 15% increase in UK shop prices over next two years, with clothing, furniture and other items imported from overseas most vulnerable to price rises
Published: September 28, 2022 by The Daily Telegraph
Bank of England announced it would buy long-term government bonds over the next two weeks to combat decline in British financial assets; IMF recommended against plan to cut taxes and increase borrowing
Published: September 28, 2022 by Associated Press
Moody's warns UK's plans for unfunded tax cuts are 'credit negative' and could lead to larger budget deficits, higher interest rates; Moody's cuts forecast for 2023 UK economic growth to 0.3% from 0.9%, but raises 2022 forecast to 3.3% from 3.0%
Published: September 27, 2022 by Reuters
Paul Krugman: British pound plunged after new UK prime minister announced tax cuts, a sign that markets are losing confidence; that's because cutting taxes to spur growth is a 'zombie' idea, which have failed in practice and risks disaster for UK economy
Published: September 27, 2022 by Business Insider

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