The announcement was a major capitulation by Prime Minister Liz Truss’s government after the tax cuts it announced roiled financial markets and drew widespread criticism.
Tag: Economic Conditions and Trends
Truss, in Reversal, Drops Plan to Cut U.K. Tax Rate on High Earners
The announcement was a major capitulation by the government after tax cuts it announced roiled financial markets and drew widespread criticism.
Iran Protests Fueled by Sickly Economy
The country’s long economic decline has been one of the main forces sending Iranians into the streets over the past two weeks to demand change.
Zambia and Its New President Are Still on Their Honeymoon
Hakainde Hichilema is hailed as a miracle worker for turning around the fortunes of the southern African country. But with his opposition neutralized and a corruption drive focused on his predecessors, some are uneasy.
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.
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.
Democracy Under Siege From Autocrats, Social Media and Its Own Failures
Authoritarianism is on the rise, even in Europe, and the “new world disorder” is messier than a simple fight between democracies and autocracies.
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.
Russia’s Invasion Shadows U.N. Assembly Amid ‘Colossal Global Dysfunction’
Presidents Recep Tayyip Erdogan of Turkey and Emmanuel Macron of France used the gathering as a stage to cast themselves as would-be peacemakers in the war in Ukraine.
Egypt Feels Pain of Global Disruptions Wrought by War and Pandemic
The country’s economy has been very hard hit by cascading crises which have disrupted worldwide trade.