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: Economic Conditions and Trends
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.
UK Prime Minister Liz Truss Drops Plan to Cut Tax Rate on High Earners
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.
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.