As prime minister, Mr. Sunak will face a vastly different economic backdrop to the one he experienced as finance minister.
Tag: Government Bonds
Truss Defied the Markets, and They Ruthlessly Sealed Her Fate
World leaders buffeted by economic challenges are watching the turmoil in Britain with anything but relish, hoping that Liz Truss’s woes won’t be a harbinger for other countries.
Finance Minister Jeremy Hunt Drops Most of U.K. Tax-Cut Plan
Jeremy Hunt, the new finance minister, dropped almost all of Ms. Truss’s planned cuts, a deeply humbling reversal for Ms. Truss.
As the Bank of England’s Intervention Ends, Unease Returns to the Bond Markets
A two-and-a-half-week program of bond buying came to a close on Friday, leaving investors nervous about what will happen when markets reopen on Monday.
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.
Liz Truss’ Woes Multiply After Media Blitz
In a round of interviews, the prime minister showed little sympathy for the pain that high interest rates could inflict on mortgage holders, critics said.
Wall Street Remains Unsteady After a Painful Stretch for Investors
Concerns about rising interest rates and the prospects of a global slowdown remain.
Ratings Agency: Violence Could Undercut Israeli Economy
Rioting and mob attacks could undercut Israel’s recovery from the economic impacts of the pandemic, Fitch says.
A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks
The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.
A €750 Billion Coronavirus Recovery Plan Thrusts Europe Into a New Frontier
Adopting the proposal would make history for the bloc, vesting authority in Brussels in ways that more closely resembled a central government.