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.
Tag: British Pound (Currency)
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.
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.
British pound and stocks rise as vote on prime minister washes over markets.
Markets are moved more by global concerns, like the war in Ukraine, than by domestic political infighting.
Britain Unveils £50 Bill Honoring Alan Turing, Famed Code Breaker
The design will start circulating on June 23, the birthday of the mathematician whose work cracking German codes is credited with helping to shorten World War II.
The Brexit Fight, Through a Reporter’s Prism of a Changed Continent
Alan Cowell, a longtime New York Times correspondent, recalls a different Europe, one of currency controls, cumbersome paperwork and burdensome cross-border regulations.
Bank of England Rebuked Over ‘Missing’ $67 Billion of Cash
A parliamentary committee found about 50 billion pounds worth of cash in circulation is not being spent, and blasted the bank for a lack of “curiosity” about where it is.
U.K. Leaves E.U., Embarking On an Uncertain Future
Britain formally withdrew from the European Union at 11 p.m. on Friday, after nearly half a century of membership.
Key Moments as E.U. Leaders Endorsed a Brexit Deal With Boris Johnson
Support for the deal from Parliament and Northern Irish lawmakers is far from assured.