Eshe Nelson
Posts
A New Source of Economic Anxiety in Britain: Soaring Mortgage Rates
After more than a decade of ultralow interest rates, millions of British households suddenly face large jumps in their monthly payments, rocking the nation’s already...
Bank of England Is Set to Raise Rates After U.K. Political Turmoil
An increase of three-quarters of a point is expected as the central bank meets on Thursday for the first time since Liz Truss resigned as...
European Central Bank Is Set to Raise Interest Rates Again
Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”
Rishi Sunak, New UK Prime Minister, Delays Economic Plan
Mr. Sunak’s government, seeking more time to make the “right decisions,” will deliver its first economic plan on Nov. 17 instead of Monday.
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.
U.K. Markets Waver as Liz Truss Steps Aside
The British pound edged higher and bond prices were mixed as Britain entered another phase of political instability.
U.K. Inflation Rises to 10.1 Percent, Driven by Food Prices
After easing slightly the previous month, inflation continued rising in September, heightening the country’s cost-of-living crisis.
British Pound and Bond Prices Rise as New Chancellor Accelerates Tax Plans
Jeremy Hunt, Britain’s new top finance official, said he would bring forward by two weeks measures to “support fiscal sustainability.”
After Weeks of Turmoil, UK Markets Face Another Test on Monday
Investors will get to weigh in after the Bank of England ended its bond market intervention and the bank’s governor offered conciliatory words over the...
U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
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.