The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth.
Category: Great Britain
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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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Could a Market Blowout Like the UK’s Happen in the US?
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?
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 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
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
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 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
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
Jeremy Hunt, Britain’s new top finance official, said he would bring forward by two weeks measures to “support fiscal sustainability.”