Jeremy Hunt warns of tax hikes, saying ‘very difficult decisions ahead’, as Prime Minister Liz Truss faces a backlash.

He also distanced Labour from Corbyn, particularly on foreign policy, even describing the party as the “political wing of the British people” — a catchphrase from former Labour Prime Minister Tony Blair, a hate figure for the Corbynites.

Reserve Bank of New Zealand raises the benchmark rate by half a percentage point in fifth straight outsized hike.

Bank of England forced to issue emergency statement after UK leader’s mini-budget triggers market turmoil.