In a highly unusual move, Threadneedle Street said it will step in after the bonds 'significant repricing of UK and global financial assets' since Kwasi Kwarteng's tax-cutting Budget. 'This repricing has become more significant in the past day - and it is particularly affecting long-dated UK government debt. Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability,' the statement said. 'This would lead to an unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy.' The Chancellor is meeting investment banks after his dramatic move spooked traders - driving up government borrowing costs to eye-watering levels and hammering Sterling. The currency had clawed back ground after reaching an all-time low of just $1.03 on Monday, but fell again this morning after the IMF criticised the 'large and untargeted' fiscal package. The febrile atmosphere was underlined with credit ratings agency Moody's cautioning that the fiscal package risked 'permanently weakening the UK's debt affordability'.
Time at the bar at Spoons: JD Wetherspoon announces it will sell off 32 pubs across the UK as it faces £30m losses - is YOUR local on the list?
The hospitality chain, which operates 800 pubs across the UK, said it has made the 'commercial decision' to sell 32 of its pubs (pictured) after previously warning it could face losses of up to £30million. The company confirmed that the pubs would continue to operate as Wetherspoon pubs until they were sold. One of the biggest pubs up for sale is the Grade II listed Capitol pub in Forest Hill, south east London. The building, which was a cinema in the 1920s, is the only listed building to be included in the pubs which are going up for sale.
The Battle of the Buffet: Hotel names and shames newlyweds for 'REFUSING to pay £1,150 wedding breakfast bill' - as couple call in police 'because they didn't get mini-burgers and ribs'
Clare Nattrass and Joanne Robinson (pictured) say they have been dragged into a bitter war of words with bosses at a hotel in Durham who hosted their big day accused them running off without paying the bill. The couple say they always intended to pay the bill but dispute some of the charges because the service wasn't up to scratch. Meanwhile the hotel insists they bent over backwards to help cut costs for their big day and were left with huge expenses, having not been paid. The hotel named and shamed the couple on Facebook (right) before confronting them at their home, which prompted the couple to call the police who they say are now investigation along with Trading Standards.
More than TWO MILLION households face sharp rise in mortgage repayments over two years sparking warnings of 15% fall in house prices as lenders pull nearly 1,000 deals in 24 hours - the highest ever daily fall - amid fears rates could hit 6%
Britain is heading for a property price crash within the next two years, analysts have warned, as more than two million households face soaring mortgage costs that will see many forced to sell. Terrified homeowners have already begun putting their properties back on the market following seven interest rate rises this year, amid fears it could climb to 6 per cent in the first half of 2023. Bank experts have already warned of mortgage chaos and a potential rate rise to 5.5 per cent by as early as November - as the International Monetary Fund slammed Kwasi Kwarteng over his 'untargeted' economic plan. And HSBC and Santander have suspended new mortgage deals amid fears that homeowners could be forced into selling their homes or take up a second job to combat 'catastrophic' rises in their monthly repayments. Nationwide, meanwhile, became the first big name lender to hike its fixed-rate deals yesterday, with the bank's two-year rate rising to 5.59 per cent - more than double the 2.54 per cent it was offering three months ago. Lenders are taking drastic steps after analysts warned the base rate could surge to six per cent next spring. Such a move would increase repayments for the average household by up to £800 per month, or £9,600 annually, by the middle of next year.
Virgin Atlantic will let male pilots and cabin crew wear skirts and female staff wear trousers as part of inclusivity drive: Airline scraps gendered uniforms, introduces gender-neutral markers like 'Mx' on tickets and will hand out pronoun badges
Virgin Atlantic has today updated its uniform policy to remove gendered clothing requirements and introduce pronoun badges in a bid to allow staff to 'wear uniforms that express their true identity'. Virgin is also introducing mandatory inclusivity training for all its staff at Virgin Atlantic and Virgin Atlantic Holidays, as well as inclusivity learning for tourism partners. The airline has teamed up with RuPaul's Drag Race star Michelle Visage in a bid to 'reflect the diversity of its workforce' and 'offer its people a fluid approach to its red and burgundy uniforms, meaning LGBTQ+ colleagues will be able to choose either the red or the burgundy uniform, depending on which best reflects themselves.'
CIA 'warned about attack on Nord Stream pipes WEEKS ago' amid suspicion that Russian underwater drones could have been used to blow up key gas link - as Kremlin dismisses 'stupid' claims it was behind sabotage
Agents sent a 'strategic warning' to European allies over the summer that Nord Stream 1 and 2 - key gas pipes linking the continent with Russia - were vulnerable to attack, it has been revealed. The warning did not give a specific time or place for the attack, and it is not clear whether Russia was identified as a likely culprit. The news emerged after three underwater blasts ruptured both lines in what Western leaders said yesterday was a deliberate act of sabotage. Heavy suspicion has fallen on the Kremlin, with European sources briefing last night that there is 'no doubt' Russia is to blame - but that there is not yet enough hard evidence to point the finger publicly. Putin certainly has both means and motive: Russia possesses the world's largest spy submarine fleet with the capacity to attack underwater infrastructure, and the location of the blasts is accessible to divers who could have operated out of Russia's Kaliningrad enclave on the Baltic Sea. The attack came on the same day that a new pipeline - also in the Baltic - was opened connecting Poland with Norway's gas fields, and could be designed as a warning. It also spooked markets, causing gas prices which had been falling from historic highs earlier this year to suddenly spike 19 per cent. And it comes against the background of Putin digging in his heels in Ukraine and ramping up threats to the West.
Revealed: Bodyguard pictured with Meghan and Prince Harry is ex-Met police officer convicted of choking his wife and leaving her 'seconds away from death'
EXCLUSIVE: Pere Daobry, 51, was pictured (main) driving the Duke and Duchess of Sussex in a Range Rover as they left Frogmore cottage on their way to London's Euston station. Despite his important role protecting the high-profile couple Daobry was convicted at Colchester Magistrates Court in September 2016 of attacking his wife, Sarah Jay (with him on right and, inset, her injuries), a former Essex Police sergeant, after she declared that she no longer loved him. The 6ft 7in bodybuilder only escaped imprisonment because he called 999 and confessed to his crime - while his wife later committed suicide after describing him as a 'lunatic'. The revelation will raise eyebrows as Meghan has long championed women's rights - especially gender-based violence.
Revealed: ITV boss complained to Domino's over joke tweet about Holly Willoughby and Phillip Schofield's queue-skipping saga - as now THREE petitions totalling 91,000 call for This Morning stars to be axed
The chief executive of ITV complained to Domino's after the pizza maker publicly trolled hosts Holly Willoughby and Phillip Schofield for jumping the queue for the Queen's lying in state (right). Dame Carolyn McCall (left) said she scolded the pizza company over its now-viral tweet (inset) joking orders may be delayed because 'we've just received an order from Holly and Phil.' The CEO claimed Domino's thought the tweet was 'funny' and didn't consider the 'impact it would have' on public response or how people would 'start meme-ing it.' News of her complaint comes as three petitions totalling 91,000 signatures have called for the This Morning hosts to be fired. Despite the campaigns and outcry on social media, Dame Carolyn said the co-presenters were safe in their jobs and praised their work for the broadcaster. Programme bosses have stressed the duo attended the queue as members of the media to film a segment for the following Tuesday's show.
Harry and Meghan are 'demoted' to the bottom of the Royal Family's website and placed alongside disgraced Prince Andrew and minor royals
Links taking readers to pages dedicated to the Duke and Duchess of Sussex had previously been placed around halfway down the page - below senior royals and above minor members of the family. But after the webpage was updated following the death of the Queen earlier this month, Harry and Meghan have now been moved down below the likes of Princess Alexandra and the Duke and Duchess of Gloucester. Prince Michael of Kent and his wife Marie-Christine, neither of whom are working royals, have been removed from the page entirely.
What happened to the Queen's maids of honour? After death of Lady Mary Russell aged 88, FEMAIL looks at glittering lives of the women who stood by Her Majesty at the Coronation
They have described themselves as the 'Spice Girls' of their day - the six maids of honour who flanked Queen Elizabeth II on the day of her Coronation on 2 June 1953. Lady Rosemary Muir, Lady Anne Glenconner, Lady Moyra Campbell, Lady Mary Russell, Lady Jane Lacey and Baroness Willoughby de Eresby were chosen for their 'decorative' beauty as well as their ability to carry the Queen's heavy 21ft train. They became notorious in their own right when their names were announced as the women selected to follow the then Princess Elizabeth down Westminster Abbey to be crowned the new Queen. They were intensely scrutinised by the young women and Press of the day - and such was the attention lavished upon them, Lady Glenconner even once claimed they were seen as the 'Spice Girls' of their time. One of the six maids of honour, Lady Mary Russell, died aged 88 the night before Her Majesty's state funeral last week. She passed away 'peacefully at home' surrounded by her family on September 18. Pictured one to six: Lady Moyra Campbell, Lady Anne Glenconner Lady Jane Lacey, Lady Mary Russell, Baroness Willoughby de Eresby and Lady Rosemary Muir.
'I never have a lot of luck with love': Alex Scott detailed her disastrous first date with Corrie's Sam Robertson in resurfaced interview - after confirming her secret romance with England team-mate Kelly Smith
Alex Scott reflected on her disastrous first date with Coronation Street star Sam Robertson in a resurfaced interview, after confirming her secret romance with her England teammate Kelly Smith in her new memoir. The footballer, 36, admitted in 2021 that while the actor was 'lovely' their romance failed to materialise following their first date in 2020. The interview came to light just a day after Alex revealed she did have a relationship with fellow football star Kelly, as she spoke of the 'heartbreak' that followed when they split.
'A wicked act of spite to his wife and children': Ex-Scotland Yard anti-terror cop 'cancelled his home insurance and then blew himself and his home up by setting off a gas explosion'
A former Scotland Yard counter-terror officer suspected of killing himself in an explosion at his home (right) reportedly cancelled his house insurance beforehand. Retired Superintendent Malcolm Baker (left), 60, died earlier this month when a blaze destroyed his remote property on Exmoor. The explosion was heard almost a mile away from the house - which had no mains gas supply - destroying the upper floor and blowing off the roof.
Gwynnie and the over-50 stars who prove it IS possible to age gracefully in Hollywood! As the actress strips off to celebrate the milestone, how JLo, Sandra Bullock and Halle Berry all look better than they did 20 years ago
NEW They say age is just a number, but to a few select celebrities, it feels like that number hasn't changed in years. Gwyneth Paltrow has been breaking the internet with her 'Birthday Suit' celebration snaps on Instagram in recent years and to celebrate her 50th birthday on 27th September decided to go all out. FEMAIL has found other celebrities, now in their golden years, who look just as good as they did 20 years ago. Pictured L-R: Gwyneth Paltrow, Jennifer Lopez, Sandra Bullock, Halle Berry
Ukrainian refugee who was dumped by her British lover and then ARRESTED for 'trying to kick down his front door' says she is 'heartbroken' and has no home or money
The Ukrainian refugee who has been dumped by her British lover she seduced under the nose of his partner when she moved into their home has broken her silence about the heartbreaking split. Sofiia Karkadym, 22, says she is devastated after father-of-two Tony Garnett, 30, ended their four-month relationship - and at her arrest (left) for trying to kick down the door of their rented property and screaming 'Tony, I love you' last night. Speaking exclusively to MailOnline, Sofiia said: 'I am lost. I am heartbroken and I still have feelings for Tony.
Political drama This England, starring Sir Kenneth Branagh as Boris Johnson, divides critics - with some hailing it 'masterful' and 'mesmerising' while others brand six-part series 'boring' and a 'dud'
Political drama This England, starring Sir Kenneth Branagh as Boris Johnson, has split the critics. The Sky Atlantic show focuses on Boris Johnson as he led the country through the Covid pandemic. The former PM is barely distinguishable from Sir Kenneth Branagh, who wore a fat suit for the role and spent two hours being transformed by makeup artists on each day of filming. Yet while some critics called it 'sickeningly accurate', others slammed the six-part series as boring and a 'dud'. The Daily Mail said Ophelia Lovibond was 'superb' as Carrie Johnson but warned some episodes showed 'miserable situations in hospitals' during the peak of the pandemic.
Horse-whispering hypnotist, 69, accused of stabbing her 72-year-old husband to death faces February trial
A horse loving hypnotist (right) appeared in court today charged with the murder of her 72 year old husband. Christine Rawle (left), 69, is accused of stabbing Ian Rawle at their isolated bungalow in North Devon, in August. He died from a single stab wound to his back at their home (lower inset) in Knowle near Braunton.
I'm A Celebrity All Stars: The full line-up is REVEALED: Helen Flanagan, Georgia Toffolo and Myleene Klass 'lead the stars who have signed up' after Ant and Dec confirmed filming is under way
Helen Flanagan, Georgia Toffolo, and Myleene Klass are tipped to lead the famous faces that have signed up for the upcoming I'm A Celebrity All Stars series. They will reportedly be joined by Joe Swash, Carol Vorderman, Gillian McKeith, Phil Tufnell, Amir Khan, Paul Burrell, Jordan Banjo, Andrew Whyment, Dean Gaffney and Shaun Ryder with Janice Dickinson and Fatima Whitbread completing the line-up. The new spin-off series is set to hit TV screens in 2023 and will see fan favourites battle it out in the jungle once more, with presenters Ant and Dec having confirmed that they are currently filming in South Africa.
How plunging pound will hit YOUR holiday: Cost of day out in New York for holidaying British couple soars from £529 to £650 - while New Yorkers coming to London see price plummet from $655 to $560
To illustrate the impact of the currency fluctuations, MailOnline calculated the possible costs faced by a British couple on holiday in New York compared to their counterparts in London. Using approximate prices for a range of typical tourist activities - and assuming constant prices - the cost of each activity was then converted into their home currency based on the exchange rate this morning versus April 1.
'I'm a prisoner in my own body': BBC 2 documentary shows heartbreaking moment wife of rugby league star Rob Burrow, who has motor neurone disease, helps him swim - as he vows to fight to his 'last breath'
A new documentary, Rob Burrow: Living With MND, which will air on BBC Two in October, sees the former Leeds Rhinos star revealing what it's like to live with motor neurone disease, nearly three years after his diagnosis. Rob, who is considered one of the greatest ever rugby league players, was told in December 2019 that he may only have a year to live, but three years on he says he is 'never giving up'. (Pictured clockwise from left: Rob with his wife, Lindsey, in a swimming pool, having therapy, with daughter Macy and pictured before his diagnosis)
Sculpture of anticolonial hero is unveiled as the newest artwork on Trafalgar Square's fourth plinth - amid calls for statue of Queen Elizabeth II to become a permanent feature in the iconic square
The piece, Antelope (right and top inset), by Samson Kambalu (left), depicts Baptist preacher John Chilembwe and European missionary John Chorley. It restages a photograph from 1914 at the opening of Chilembwe's new church in Nyasaland - now Malawi - in which the preacher has his hat on, defying the colonial rule that forbade Africans from wearing hats in front of white people. A year later, he led an uprising against colonial rule, but Chilembwe was killed and his church, which had taken years to build, was destroyed by the colonial police. On the plinth, Chilembwe is larger than life, while Chorley is life-size. By increasing his scale, the artist elevates Chilembwe and his story, revealing the hidden narratives of underrepresented peoples in the history of the British Empire in Africa, and beyond. Kambalu, an associate professor of fine art at the University of Oxford, said: 'Many people may not know who John Chilembwe is. And that is the whole point.' It replaces the piece that has sat on the landmark for the last two years, The End by Heather Phillipson (bottom inset) and comes amid calls for a statue of the Queen to become a permanent fixture atop the fourth plinth.
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Dream country house on London's doorstep that became home to boys who had survived the Holocaust goes up for sale for £13.5million
Holmehurst (middle), in the heart of Epping Forest, Essex, is a ten-bedroom (bottom left) house with a swimming pool (bottom right), plus ten acres of gardens and woodland (top right), a private fishing lake, a tennis court and even two landing spots for helicopters. The main house has almost 14,000 sq ft of living space including several reception rooms, a ballroom, a gym, ten bedrooms and seven bathrooms. The Victorian Gothic revival mansion (top left, the staircase) is also where in 1940 the Sudentenlanders, who had fled the Nazis, met to establish the Loughton Declaration - a plan for Czechoslovakia to be re-established as a federal state including Sudetenland as a nation after an Allied victory. It then later became a safe house for anti-Nazi VIPs and then a home to orphaned Holocaust survivors, who became known as the Loughton Boys, between December 1945 and January 1947.
Two-legged robot named 'Cassie' sets Guinness World Record for fastest 100-metre sprint by a bipedal droid - but it is still 15 seconds slower than Usain Bolt
NEW Cassie clocked the historic time of 24.73 seconds, starting from a standing position and returning to that position after the sprint, with no falls. While that's more than 15 seconds slower than the world record for a 100-metre sprint by a human, held by Usain Bolt at 9.58 seconds, it is faster than most humans would take to jog the same distance.
Moment violent thug attacks man in his 50s and kicks him repeatedly in the face to rob his luxury Tag Heuer watch in west London
A violent thug caught on CCTV in broad daylight grabbing a man from behind before beating him on the floor to steal his £1,250 watch is being hunted by police. Detectives have released the film and the image of the man they want to speak to following the robbery in Fulham. It happened just after midday on September 1 and saw the victim, who is aged in his 50s, was walking Bayonne Park.
EastEnders' youngest fan! Toddler, 2, tells her parents to 'wait' and runs into the living room every time she hears the theme tune - and is 'transfixed' by the action on Albert Square
A mother filmed her toddler daughter dancing along to the EastEnders theme tune. Mother Morgan Beckett, 20, from Sittingbourne, Kent, explained her 17-month-old daughter Aurora Pecani (left together) is such a fan of the programme that she runs into the living room and shouts 'wait' every time she hears the well known drum intro (right). Aurora will then sit and watch the antics on Albert Square before toddling off back to bed.
'Apocalyptic' Hurricane Ian batters coast of Florida with 155mph winds and unleashes TORNADOES across state as Tampa braces for 6ft storm surge before landfall this afternoon: Storm set to cause $45billion-worth of damage
More than 11 million in the country are without power after the initial winds of the powerful Category 3 storm pounded its south coast late on Monday, carrying on into the next day. Photos show the extent of the damage left in the 'extremely dangerous' hurricane's wake as it makes its way north toward the Sunshine State - where meteorologists have warned that it could strengthen to a more deadly Category 4 disaster. Speaking at an emergency press briefing Sunday afternoon, DeSantis, 44, echoed these sentiments, urging citizens to take precautionary measures as to not end up like their embattled neighbors to the south. The address saw the Republican invoke a statewide state of emergency, and forewarn Florida's roughly 21 million residents that the tropical storm will likely become a 'major hurricane' when it touches down in the US Wednesday morning - and that Floridians need to be prepared. Transportation bridges across the state are set to close today, and 30,000 workers are on standby to help once Florida's power grid inevitably topples in Ian's wrath, DeSantis said.
'It made me gag': GBBO viewers are VERY unimpressed by the showstopping smörgåstårtes - a Nordic 'cake' of bread layered with meat, fish and mayonnaise - saying they look 'vomit-inducing'
During GBBO's bread week the bakers made smörgåstårtes, a popular savoury dish in Sweden - but unconvinced British viewers took to Twitter to express their disgust over the challenge. The smörgåstårte, which is traditionally made by layering rye bread with savoury, mayonnaise-based fillings including eggs, meat and fish, is hugely popular in countries including Finland, Iceland and Estonia - but it seems viewers in the UK need a little more convincing.
Facing their fears! Swords, axes and umbrella handles are pushed through devotees' CHEEKS at Thai vegetarian festival
The nine-day celebration, which takes place every year, honours the 'Nine Emperor Gods'. Those involved shun all animal products while they offer their bodies to deities who they believe will banish bad luck. Graphic images show the piercings being done at the event in Phuket, which previously drew thousands of visitors to the tourist island hoping for blessings and good fortune. People volunteering to be pierced are known as 'mediums' and believe that they have a personal connection with one of the gods. They have to apply in advance and are carefully considered before they are granted the honour. Mediums prepare themselves at a local temple as drums beat, bells ran and incense burned to begin the day's festivities at sunrise. Devotees emerge from the Jor Soo Gong Naka shrine and nurses then closely monitor things as the sharpened objects, chosen by the mediums, are guided through their skin. When the piercing is done, the mediums are guided by supporters five kilometres (three miles) to a park by the sea.
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Terrified Australian woman finds a 'huge' huntsman spider lurking in her toilet after she had been sitting on the seat for 20 minutes: 'I want to cry'
An Australian model has shared her 'horror' at finding a large huntsman spider hiding under her toilet seat after she had been sitting on it for 20 minutes scrolling through her phone. Gabriella Pizzato, who lives on the Gold Coast, Queensland, was was nearly in tears as she recorded a video of the spider crawling out from its hiding place after she stood up. 'I just went to the toilet, and I got up and flushed the toilet and there is a big f*****g spider under the seat. I was sitting there for about 20 minutes! Oh my god, I want to show you, it's actually huge. I want to cry. It is huge,' she said in a TikTok video.
Buff justice: Bizarre moment nudism fanatic is stopped from entering courthouse in Spain to attend a hearing for walking in public naked - 'I have always liked it'
This is the bizarre moment a naked man was stopped from entering a courthouse in Spain to attend a hearing. Alejandro Colomar, 29, was intercepted by cops in front of the Valencia court on Tuesday. Colomar was carrying a backpack with a change of clothes and wearing socks and a pair of boots when he was filmed trying to go inside the building.
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A water rescue trained dog saved a boat that had been pulled off course by a strong current and choppy waters. Oakley, the Newfoundland who trains with the American Academy of Canine Water Rescue in Massachusetts, executed the impressive rescue just before a storm rolled in. In a video, Oakley can be seen in her doggy rescue goggles and gear, dragging a boat many times her size and weight out of the lake's current against a backdrop of growing storm clouds.