Eshe Nelson
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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.
Andrew Bailey Battles Inflation Amid Britain’s Financial Storm
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.