Plus, regulators punish Wall Street for recordkeeping failures and Britishvolt falls behind in the electric vehicle race

Britain’s almost-Lehman moment


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In today’s newsletter:

The UK’s wild week

Wall Street pays for texting transgressions

Britishvolt’s batteries run low

Margin call: Kwarteng’s rough third week


At the height of the financial crisis that preceded the one he has just created, Kwasi Kwarteng taunted his political opponents with an axiom of finance that — even now — he may not fully understand.

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This story originally appeared on: Financial Times - Author:Francesca Friday