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.
Category: Great Britain
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U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
The New York Times – Business: -
Who Is Jeremy Hunt, New U.K. Chancellor?
The New York Times – Business:His selection for the post appeared intended to restore calm to financial markets.
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Andrew Bailey Battles Inflation Amid Britain’s Financial Storm
The New York Times – Business:Andrew Bailey, the Bank of England chief, is trying to calm markets, wrestle inflation and maintain the bank’s credibility amid Britain’s financial storm.
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Liz Truss Stirs Uncertainty Over the U.K.’s Economic Plans
The New York Times – Business: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.
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Turmoil Returns to the U.K. Bond Market
The New York Times – Business:The Bank of England started a bond-buying program last month to stabilize financial markets. But its plan to end the program this Friday is only making investors more nervous.