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.
Tag: Kwarteng, Kwasi
Liz Truss Fires Home Secretary Suella Braverman After Email Breach
Britain’s prime minister dismissed Suella Braverman after an email breach. Ms. Truss was also grilled in Parliament over her repudiated budget.
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.
Britain’s New Finance Chief Repudiates Prime Minister’s Signature Economic Plan
With Liz Truss’s authority ebbing, questions abound about how long she can cling to her post.
Under Fire, New U.K. Leader Retreats on Economic Strategy
Fighting for her political survival, Prime Minister Liz Truss fired her top ally and reversed course on tax-cutting plans, trying to shore up financial markets and her poll ratings.
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.
Kwasi Kwarteng Is Fired as U.K. Finance Minister
Kwasi Kwarteng, the chancellor of the Exchequer, was under pressure to reverse his fiscal plan after it rattled markets and prompted an open backlash among politicians.
Kwasi Kwarteng, Top U.K. Finance Official, Cuts U.S. Trip Short
Kwasi Kwarteng, the chancellor of the Exchequer, is under pressure to reverse his fiscal plan after it rattled markets and prompted an open backlash among politicians.
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.