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    Germany to borrow €200 billion for an energy price cap as inflation reaches double digits for the first time in Germany in the post-Deutschmark era.

    Bloody Kwarteng!

    (Meanwhile the UK's economy grew in the second quarter of this year, contrary to an initial reading which said it had shrunk, revised official data suggests.

    Economic output rose by 0.2% between April and June, revised up from a previous reading of -0.1%, the Office for National Statistics (ONS) said.

    It suggests the UK is not currently in recession, as was predicted by the Bank of England earlier this month).

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