After an earlier announcement sent markets into a tailspin, the prime minister and the chancellor are under pressure to restore fiscal credibility.
Tag: Kwarteng, Kwasi
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Britain’s Economic Experiment Stumbles at the Start
Prime Minister Liz Truss says a mix of tax cuts and deregulation is needed to jump-start Britain’s sluggish economy. Investors, economists and some in Truss’s own party disagree.
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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.