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Chancellor of the Exchequer Kwasi Kwarteng
Global Economy
Truss dumps UK corporation tax freeze plan after firing ally
The humiliating reversal follows three weeks of market turmoil since Sept 23.
October 14, 2022
Global Economy
Kwarteng says Truss asked him to step down as UK chancellor
The news comes after weeks of market turmoil triggered by the massive package of unfunded tax cuts he announced last month.
October 14, 2022
Global Economy
Truss prepares for humiliating reversal on UK economic plan
News of the imminent U-turn came just as Kwarteng landed at London’s Heathrow airport.
October 14, 2022
Global Economy
Truss's libertarianism was never going to win over the UK
Being “right” or “ideologically pure” is not nearly enough
October 02, 2022
Global Economy
Briefs: It may take a shock rate hike for traders to leave the UK pound alone
In other news this week: Porsche’s upcoming IPO is set to be the largest in Europe.
September 30, 2022