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First phase of £16m Brackenborough Lakes Resort launches as lodge development picks up pace
First lodges are welcoming guests and the second phase of development is about to start at the rebranded Brackenborough Lakes Resort. The luxury lifestyle additions at Cordeaux Corner, near Louth, are part of a £16 million scheme from the third generation family business. A total of 30 more holiday homes will be added to the …
Business
Sky News
Pound pummelled as investors take fright over mini-budget borrowing spree
The growth plan outlined by the chancellor to lift the UK from the depths of the cost of living crisis and back to prosperity has been met with horror on financial markets, with the pound taking a particular hammering late in the day.Sterling, bonds and share values all fell sharply in the wake of Kwasi …
Business
Sky News
Chancellor denies gambling with economy as pound sinks to near historic lows
The chancellor has denied suggestions he is gambling with the economy as his raft of tax cuts were met with a hostile reception – and sent the pound plummeting to a 37-year low.The Institute of Fiscal Studies (IFS) said he was “betting the house” by putting government debt on an “unsustainable rising path”. Only those …
Business
Sky News
‘Anti-democratic’: Unions condemn Kwarteng’s crackdown on strikes – and announce further action
Unions have condemned Kwasi Kwarteng’s plan to introduce a law that will require members to vote on pay offers before strikes can happen.The chancellor, announcing a mini-budget, said it was “unacceptable” industrial action was causing so much disruption – ahead of fresh rail strikes next week. He said other European countries had minimum service levels …
Business
Sky News
Why financial markets have been spooked by the mini-budget | Ian King
The markets were quick to respond to Kwasi Kwarteng’s ‘shock and awe’ mini-budget.The most spectacular reaction by far was in the bond market where yields on gilts (UK government IOUs) immediately spiked higher on the prospect of a big surge in government borrowing. Mr Kwarteng announced some £45bn worth of tax cuts and, along with …
Business
Business Live
North West business leaders react to Chancellor Kwasi Kwarteng’s mini Budget
North West business leaders have reacted to Chancellor Kwasi Kwarteng’s mini Budget which he outlined in the House of Commons on Friday morning. For a summary of all the key points from his statement, click here. Below, BusinessLive has rounded up views from leaders across the North West on each of the announcements made. READ …
Business
Business Live
Pets at Home, Co-op and The Very Group: The 29 latest North West hires and promotions
Companies large and small that are based all across the North West have made a series of top hires and promotions over the last week The likes of online retail giants, law firms and consultancies have all made announcements recently. Below, BusinessLive rounds up the latest hires and promotions we feel you should not miss. …
Business
Evening Standard
Government to borrow more than £70 billion to fund energy help and tax cuts
The Government will borrow an extra £70 billion over the coming months to fund its massive energy bills support for households and businesses.The combined energy schemes will cost around £60 billion over the first six months, the Chancellor announced on Friday.The business relief package, which provides companies with a discount on their bills, will cost …
Business
Evening Standard
Axing bankers’ bonus cap could fuel pre-2008 greed culture, lawyers say
The Chancellor’s decision to axe the cap on bankers’ bonuses has been met with backlash amid fears it will see the return of a “culture of greed” in the City as Britons suffer from a deepening cost-of-living crisis.The controversial decision will remove the limit on bankers’ annual pay-outs – which has been capped at 100% …
Business
Evening Standard
More rail workers to strike in long-running dispute
More rail workers will strike next month in the growing wave of industrial unrest sweeping the country, it was announced on Friday.The Transport Salaried Staffs Association (TSSA) said thousands of its members in Network Rail and a number of train operators will walk out on October 1 in the long-running dispute over pay, jobs and …
Business
Evening Standard
City Comment: Tax giveaways at odds with wider sentiment
Some warm words today from our new chancellor. Kwasi Kwarteng wants to “turn the vicious cycle of stagnation into a virtuous cycle of growth”, something he believes can be achieved by a bunch of supposedly City-pleasing tax cuts.How did the actual City react?Well, the pound fell below $1.12, the lowest since 1985, on fears in …
Business
Business Live
All the key points of the mini Budget
Here are the main points from Chancellor Kwasi Kwarteng’s statement on the economy in the Commons: – Mr Kwarteng began by saying “help is coming” for people with their energy bills, and that the energy price guarantee will limit bills for the average household to £2,500. – The Chancellor outlined Government support for businesses, telling …

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