Prime Minister Liz Truss appeared to rule out cuts in public spending, as doubts about the fiscal soundness of the government’s program continued to roil the markets.
Tag: Bank of England
Liz Truss’ Woes Multiply After Media Blitz
In a round of interviews, the prime minister showed little sympathy for the pain that high interest rates could inflict on mortgage holders, critics said.
U.K. Borrowers React to Soaring Interest Rates in Mortgage Market
The financial turmoil in Britain has led to soaring interest rates, prompting many lenders to withdraw products and stoking worry among homeowners about rising costs.
Britain’s Gamble on Tax Cuts has Economists Warning of Past Mistakes
Liz Truss, Britain’s new prime minister, defended her plan in the face of stiff criticism from the International Monetary Fund and others.
Truss Takes a Bold Economic Gamble. Will It Sink Her Government?
Three weeks into her term, Prime Minister Liz Truss’s financial plans have thrown the markets and Britain’s currency into chaos and put her future in peril.
U.K. Government Goes Full Tilt on Tax Cuts and Free-Market Economics
The new administration’s plans are a break from the Boris Johnson era and represent a turn toward Thatcherism. The negative reaction from financial markets underscored the extent of the gamble.
King Charles to Replace Queen Elizabeth on Bank Notes and Coins
Queen Elizabeth II faced right on British coins. Her son and successor might face the other way.
As Soaring Prices Roil Britain, Its Leader Vacations and a Likely Successor Sidesteps the Issue
Britain is facing multiple economic shocks, from soaring energy prices to the hollowing out of the labor market by Brexit. But these issues seem disconnected from the fight to replace Boris Johnson.
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.