1. Bank of England rescues gilt market after post-budget meltdown
The Bank of England has decided to intervene in the gilt market after days of chaos to avoid "a material risk to UK financial stability" by buying unlimited quantities of long-dated government bonds.
2. Starmer calls for Parliament to be recalled after Bank's intervention
Sir Keir Starmer, leader of the Labour Party has called on Parliament to be recalled following the Bank of England’s intervention in the gilts market this morning.
3. Porsche IPO set to be largest in Europe since 1999
Porsche’s initial public offering (IPO) tomorrow is set to come in at the upper end of its valuation, making it Europe’s largest flotation since 1999.
4. FTSE 100 closes in the green as BoE steps in
Midweek, Britain's index of leading shares closed up nearly 21 points, or 0.30%, at 7,005.
5. UK house prices could slump 15% next year, analysts and economists warn
Ray Boulger at mortgage broker John Charcol predicted house prices could drop 10% in 2023, while analysts at Credit Suisse and economists at Capital Economics said prices could slump between 10% and 15% amid higher interest rates and the ongoing recession.