Turmoil returned to Britain’s financial markets as the Conservative Party once again seeks a new candidate to serve as prime minister.
Category: Conservative Party (Great Britain)
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After a Storm, Britain’s Economy Finds Itself Rudderless
The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth.
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Truss Defied the Markets, and They Ruthlessly Sealed Her Fate
World leaders buffeted by economic challenges are watching the turmoil in Britain with anything but relish, hoping that Liz Truss’s woes won’t be a harbinger for other countries.
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U.K. Markets Waver as Liz Truss Steps Aside
The British pound edged higher and bond prices were mixed as Britain entered another phase of political instability.
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Liz Truss’s New Economic Agenda Looks a Lot Like the Labour’s
After a blowback over her budget-busting tax cuts, Britain’s prime minister has junked her free-market plans and adopted several measures favored by Labour.
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New U.K. Finance Minister Pulls Back Further on Fiscal Plan
Jeremy Hunt, the new chancellor of the Exchequer, announced a sweeping reversal in an effort to steady the markets and reduce the pressure on Prime Minister Liz Truss.
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Liz Truss Stirs Uncertainty Over the U.K.’s Economic Plans
Prime Minister Liz Truss appeared to rule out cuts in public spending, as doubts about the fiscal soundness of the government’s program continued to roil the markets.