Kwarteng, Kwasi

After a Storm, Britain’s Economy Finds Itself Rudderless

The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth.

By Eshe Nelson

Bank of England Conservative Party (Great Britain) Government Bonds Great Britain Johnson, Boris Kwarteng, Kwasi Politics and Government Truss, Elizabeth (1975- )

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.

By Mark Landler

Bank of England Cravath Swaine & Moore Fox News Channel Hunt, Jeremy Kwarteng, Kwasi News Corporation Social Media Tesla Motors Inc Truss, Elizabeth (1975- ) West, Kanye

Markets Approve of U.K.’s Reversal of Tax Cuts

The British pound and government bonds rose after the country’s new finance minister overturned nearly all the proposals by Prime Minister Liz Truss.

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Conservative Party (Great Britain) Government Bonds Great Britain Hunt, Jeremy Income Tax Kwarteng, Kwasi Politics and Government Truss, Elizabeth (1975- )

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.

By Mark Landler and Stephen Castle