Pound notes with the new sovereign’s image will begin appearing in 2024, though money with his mother’s likeness will still be in circulation.
Tag: British Pound (Currency)
What to Expect From the U.K.’s Budget Proposals Today
Tax increases and spending cuts are expected as the government tries to stabilize its finances and reassure financial markets.
As Dollar Strengthens, U.S. Students in Europe Feel the Benefits
The pound and the euro are trading at decades-long lows against the dollar. For American students abroad, that has made weekend trips, dinners and theater tickets (somewhat) less of a splurge.
Kwasi Kwarteng Is Fired as U.K. Finance Minister
Kwasi Kwarteng, the chancellor of the Exchequer, was under pressure to reverse his fiscal plan after it rattled markets and prompted an open backlash among politicians.
Kwasi Kwarteng, Top U.K. Finance Official, Cuts U.S. Trip Short
Kwasi Kwarteng, the chancellor of the Exchequer, is under pressure to reverse his fiscal plan after it rattled markets and prompted an open backlash among politicians.
Truss Faces Protests During Speech at Her Party’s Conference
Britain’s beleaguered new prime minister weathered a protest during her set-piece annual speech to deliver an uncompromising message.
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.
Keir Starmer Accuses Liz Truss of Losing Control of Britain’s Economy
Under the governing Conservatives, the markets are down and the pound is under pressure. On Tuesday, Keir Starmer, the Labour leader, staked his claim as the guardian of sound fiscal policy.
Wall Street Remains Unsteady After a Painful Stretch for Investors
Concerns about rising interest rates and the prospects of a global slowdown remain.
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.