The British pound edged higher and bond prices were mixed as Britain entered another phase of political instability.
Category: Great Britain
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U.K. Markets Waver as Liz Truss Steps Aside
The New York Times – Business: -
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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Britain Scales Back Foreign Aid, Threatening Progress in Global Health
The New York Times – Business:The nation is often the second-largest donor to groups working in poor countries to prevent and treat infectious diseases, and to provide reproductive health services to women.
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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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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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Stock Markets Bounce After a Week of Whiplash
The New York Times – Business:The S&P 500 rose sharply in on Monday after resilient earnings at Bank of America and news of a radically revised tax plan in Britain.
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New U.K. Finance Minister Pulls Back Further on Fiscal Plan
The New York Times – Business: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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British Pound and Bond Prices Rise as New Chancellor Accelerates Tax Plans
The New York Times – Business:Jeremy Hunt, Britain’s new top finance official, said he would bring forward by two weeks measures to “support fiscal sustainability.”
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Robbie Coltrane, the Beloved Hagrid in ‘Harry Potter’ Films, Dies at 72
The New York Times – Movies:The veteran Scottish actor and comedian also played a gambling-addicted psychologist in the 1990s crime series “Cracker.”
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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.