Concerns about the deficit-stretching potential of President Trump’s tax plan is spooking some investors, even as Republicans argue over its particulars.
Category: Truss, Elizabeth (1975- )
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U.S. Bond Sell-Off is Another Worrisome Echo of the Liz Truss Fiasco
Yields on U.S. Treasuries rose Wednesday as investors sold government bonds, usually a haven. In Britain, a sustained version of that trend in 2022 led to a prime minister’s downfall.
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As Sunak Makes His Case to Britons, the Economy Undermines It
Britain’s stubbornly high inflation rate has come to symbolize a deeper economic malaise — a morass of problems, some new, others longstanding, that are stymying Prime Minister Rishi Sunak.
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Britain Braces for High Rates as Inflation Signals Get Stronger
Wage growth has increased faster than expected, and investors are betting the Bank of England will have to keep interest rates higher for longer.
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Markets Are Ready for Stability in U.K. Government
The New York Times – Business:Investors appeared heartened by the prospect of Rishi Sunak, Britain’s former chancellor, becoming prime minister — but he must still solve huge economic problems.
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The Week in Business: Liz Truss Concedes to the Markets
The New York Times – Business:Americans are combining leisure and business travel. Tech profits are slowing. And the deadline for Elon Musk to buy Twitter is coming up.
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The Race is On to Find the U.K.’s Next Prime Minister
The New York Times – Business:Turmoil returned to Britain’s financial markets as the Conservative Party once again seeks a new candidate to serve as prime minister.
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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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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.