As prime minister, Mr. Sunak will face a vastly different economic backdrop to the one he experienced as finance minister.
Author: Eshe Nelson
Rishi Sunak Becomes the Front Runner for U.K. Prime Minister
Mr. Sunak’s warnings about inflation and his fiscal conservatism may have cost him the post in September. But now his accurate assessments are easing his path to Britain’s top job.
As the Bank of England’s Intervention Ends, Unease Returns to the Bond Markets
A two-and-a-half-week program of bond buying came to a close on Friday, leaving investors nervous about what will happen when markets reopen on Monday.
Rising Energy Prices and High Inflation: The Economic Issues Facing Liz Truss
Consumer prices in Britain are rising at their fastest pace in decades, as the inflation rate exceeds 10 percent and is expected to keep climbing.
Boris Johnson Leaves Behind Fraught Economy and Uneasy Brexit Legacy
Britain is in the grips of a cost-of-living crisis, and the departure of its prime minister leaves uncertainty about the government’s next moves.
U.K. Markets Rise as Global Factors Outweigh Political Turmoil
The long-running trends of rising inflation, worsening energy security and a weakening growth outlook are overshadowing the sudden political upheaval.
Russia Appears to Miss Its Foreign Debt Payment Deadline
Economic sanctions that blocked bond payments have strengthened efforts to seal off Moscow from global markets.