The new government squandered its credibility.
Tag: Conservative Party (Great Britain)
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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.
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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.
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Will Nostalgia Kill the British Right?
A yearning for the 1980s meets a very 21st century kind of European crisis.
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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.