The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth.
Category: Kwarteng, Kwasi
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After a Storm, Britain’s Economy Finds Itself Rudderless
The New York Times – Business: -
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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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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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.
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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.