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: Great Britain
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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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Truss Defied the Markets, and They Ruthlessly Sealed Her Fate
The New York Times – Business: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 New York Times – Business: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?
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.