The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.
Tag: Economic Conditions and Trends
For Truss and the Tories, a ‘Fairy Tale’ Unravels
Having abandoned her signature economic plan, it remains unclear whether the British prime minister or her party can reclaim a mandate.
Amid Turmoil, Can Truss Afford to Hold on to Tax-Cutting Plan?
Prime Minister Liz Truss and her chancellor of the Exchequer, Kwasi Kwarteng, say they are holding steady on their plans, but experts believe concessions are inevitable.
Liz Truss Stirs Uncertainty Over the U.K.’s Economic Plans
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.
U.K.’s Young Hobbled by Inflation
Sharp price spikes are forcing the country’s young to move back in with family and worry about finances just as many were hoping to move past the pandemic.
Egypt’s New Administrative Capital Rises, but at What Price?
It is the grandest in a slew of megaprojects spearheaded by the president. But as the country limps through a dire economic crisis, there are doubts about whether it can afford his grandiose dreams.
In Algeria, Veiled From the World, Past and Future Are Shrouded, Too
A land of thwarted potential, the country fends off outside influences, political change and some of its own history.
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.
What Does Sustainable Living Look Like? Maybe Like Uruguay
No greater challenge faces humanity than reducing emissions without backsliding into preindustrial poverty. One tiny country is leading the way.