Category: Great Britain

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.”
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.”
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.
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.
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.
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.
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.
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.