Tax increases and spending cuts are expected as the government tries to stabilize its finances and reassure financial markets.
Tag: Truss, Elizabeth (1975- )
As U.K. Braces for Painful Budget Cuts, the Mood Is Gloomy
Swindon, west of London, has reinvented itself several times, always a rung lower on the economic ladder. Now it awaits another step down.
As U.K. Braces for Painful Budget Cuts, the Mood Is Gloomy
Swindon, west of London, has reinvented itself several times, always a rung lower on the economic ladder. Now it awaits another step down.
UK Leader Rishi Sunak Faces a Bruising Prime Minister’s Questions
The opposition’s lines of attack, starting with Mr. Sunak’s choice of home secretary and his wife’s wealth, gave a glimpse of where it sees vulnerabilities in the governing Conservatives.
Rishi Sunak’s Challenge: Unifying the Party and Fixing the Economy
The Conservative Party is fractured and Britain’s public finances are battered. That will test the political skills of a leader who has been involved in national politics for only seven years.
Who Are Rishi Sunak’s Top Cabinet Ministers?
The new prime minister named people with high-level experience, several of them to posts they have held before, sending a message of stability after a period of upheaval.
Rishi Sunak Is a Brexit Supporter. Here’s What He’ll Have to Navigate.
While he was among the first to come out in favor of Britain’s exit from the European Union, he hasn’t shared the Conservative Party’s hard-line approach.
Sunak’s Ascent Is a Breakthrough for Diversity, With Privilege
Rishi Sunak’s ascent to the prime minister’s office is a significant milestone for Britain’s Indian diaspora. But for many, his immense personal wealth has made him less relatable.
Rishi Sunak Wins Contest to be UK’s Next PM and Confront Economic Storm
After a period of chaos, Mr. Sunak, a Conservative, faces serious political and economic headwinds. He will be the first person of color and first Hindu to be prime minister.
Rishi Sunak Becomes the Front Runner for U.K. Prime Minister
Mr. Sunak’s warnings about inflation and his fiscal conservatism may have cost him the post in September. But now his accurate assessments are easing his path to Britain’s top job.