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...
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 |...
Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah Mckay | Reuters U.K....
U.K. inflation is running at the fastest pace since the early 1980s. Bloomberg | Bloomberg | Getty Images The British pound on Wednesday plummeted to its...
LONDON — Britain’s new prime minister, Liz Truss, made her first speech Tuesday, promising to tackle rising energy bills and the cost-of-living crisis in the next...
The U.K.’s next prime Minister Liz Truss Dan Kitwood | Getty Images News | Getty Images LONDON — After a drawn-out contest, the country’s ruling Conservative...
Former Finance Minister Rishi Sunak or current Foreign Secretary Liz Truss will be announced as the U.K’s new prime minister later Monday. Dan Kitwood / Staff...
Truss first suggested the prospect of an alteration to the Bank’s mandate at the Conservative Party hustings in Cardiff on Aug. 3. Anthony Devlin / Stringer...
LONDON — Britain’s energy regulator announced Friday it will raise its cap on consumer energy bills to an average £3,549 from £1,971 a year, as campaign...
Tim Graham | Getty Images News | Getty Images LONDON — An expected surge in U.K. energy prices this winter is being described as a national...