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: Truss, Elizabeth (1975- )
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.
How the U.K. Finance Minister Came to Ignore Finance Experts
Kwasi Kwarteng, the chancellor of the Exchequer, faces widespread anger over the tax cuts he and Liz Truss have pushed, but their history of dismissing the economic establishment goes back years.
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.
Britain’s Gamble on Tax Cuts has Economists Warning of Past Mistakes
Liz Truss, Britain’s new prime minister, defended her plan in the face of stiff criticism from the International Monetary Fund and others.
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.
Liberal Politics Needs a Lifeline. Emotion Could Be it.
A Polish historian and journalist says she believes it is time for liberal politicians to lean harder on emotion the way populists have for years.
Truss Pledges to Support Ukraine in Speech at U.N. General Assembly
The prime minister of Britain also restated a promise to raise Britain’s spending on defense to 3 percent of G.D.P. by 2030, a commitment long urged by the United States,.
Prime Minister Liz Truss Pivots From Queen’s Funeral to U.K.’s Crises
Liz Truss’s government will roll out major initiatives to confront an array of economic and social problems: soaring energy costs, surging inflation and pressure on public services.