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.
Tag: Economic Conditions and Trends
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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 Thursday, Keir Starmer, the Labour leader, staked his claim as the guardian of sound fiscal policy.
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S&P 500 Hits Lowest Level of 2022 as Global Sell-off Continues
The drop to the new low, after stocks staged a brief recovery this summer, shows how uncertain the environment for investors has become.
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Why a Weak British Pound Matters
Investors briefly sent the pound to a record low against the dollar, which has implications for people and businesses inside and outside Britain.
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U.K. Government Goes Full Tilt on Tax Cuts and Free-Market Economics
The new administration’s proposals are a sharp break from the era of Boris Johnson, and they represent a turn toward Thatcherism.