The downfall of Britain’s prime minister served as a warning to all of the political peril that awaits those who fail to address the erosion of living standards, no matter the cause.
Category: Economic Conditions and Trends
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After a Storm, Britain’s Economy Finds Itself Rudderless
The New York Times – Business: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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Could a Market Blowout Like the UK’s Happen in the US?
The New York Times – Business:Federal Reserve and White House officials spent last week quizzing investors and economists about the risks of a British-style meltdown at home.
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After UK Market Blowout, American Officials Ask: Could It Happen Here?
The New York Times – Business:Federal Reserve and White House officials spent last week quizzing investors and economists about the risks of a British-style meltdown at home.
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U.K. Inflation Rises to 10.1 Percent, Driven by Food Prices
The New York Times – Business:After easing slightly the previous month, inflation continued rising in September, heightening the country’s cost-of-living crisis.
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The Fed, Staring Down Two Big Choices, Charts an Aggressive Path
The New York Times – Business:Federal Reserve officials are barreling toward another three-quarter-point increase in November, and they may decide to do more next year.
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China’s GDP Data Delay Points to Murky Economic Picture
The New York Times – Business:The delay in announcing routine growth data this week was only the latest example of how hard it has become to peer into China’s economy, the world’s second largest.
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Liz Truss’s New Economic Agenda Looks a Lot Like the Labour’s
The New York Times – Business: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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China Delays the Release of G.D.P. and Other Economic Data
The New York Times – Business:The unusual move comes as the country’s ruling elite have gathered in Beijing for the twice-a-decade national congress of the Communist Party.
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In Xi’s China, the Business of Business Is State-Controlled
The New York Times – Business:The Chinese leader has increasingly demanded that businesses conform to the aims of the Communist Party, an agenda he doubled down on this week at an important political gathering.
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Lessons From Liz Truss’s Handling of U.K. Inflation
The New York Times – Business:The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.
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U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
The New York Times – Business:Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.