UK PM Liz Truss fires Finance Minister Kwasi Kwarteng
LONDON, ENGLAND – OCTOBER 14: Britain’s Prime Minister Liz Truss attends a press conference in the Downing Street Briefing Room on October 14, 2022 in London, England. After just five…
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LONDON, ENGLAND – OCTOBER 14: Britain’s Prime Minister Liz Truss attends a press conference in the Downing Street Briefing Room on October 14, 2022 in London, England. After just five…
The British pound traded 1.5% higher at $1.1269 during afternoon deals in London, before paring gains on robust U.S. inflation data. Karol Serewis | Lightrocket | Getty Images LONDON —…
In this photo illustration, the British pound is seen displayed. Karol Serewis | Lightrocket | Getty Images The British pound on Wednesday morning recovered losses slightly following a Financial Times…
The average household energy bill is going from £1,400 to £2,500, and consumer confidence has plummeted. PROCEDURE MASK BLUE COLOR LATEX FREE DUKAL 1530 (BOX OF 50) Source link: https://www.cnbc.com/2022/10/11/blankets-and-energy-saving-devices-brits-shop-for-difficult-winter.html
Analysts are concerned about a knock-on effect to the U.K.’s shadow banking sector in the event of a sudden rise in interest rates. Photo by Richard Baker | In Pictures…
Finance Minister Kwasi Kwarteng on Monday morning confirmed that the government would be scrapping its plans to cut tax for the country’s highest earners. Leon Neal | Getty Images News…
LONDON — The U.K. government’s reversal on scrapping the top rate of income tax is down to political optics and will not reassure market skittishness over its economic plan, analysts…
Russian paramilitary groups are raising funds in cryptocurrency using messaging app Telegram, according to research published by TRM Labs. Matt Cardy | Getty Images News | Getty Images Pro-Russian groups…
The new economic measures laid out by the U.K. government “will likely increase inequality”, according to a spokesperson from the International Monetary Fund. Yuri Gripas | Reuters LONDON — The…
The British bond and currency markets have been in turmoil since Finance Minister Kwasi Kwarteng announced his “mini-budget” on Friday. Oli Scarff | Getty Images News | Getty Images LONDON…