The new government squandered its credibility.
Tag: Truss, Elizabeth (1975- )
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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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Sleepy Corner of U.K.’s Pension Industry Forced the Bank of England’s Hand
Complex financial instruments that pension funds use to minimize the impact of interest rate changes led to the bond market rout.