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Elizabeth Truss
Global Economy
British PM Liz Truss resigns after tax-cut plan backfires
Her departure leaves the ruling Conservative Party badly damaged, languishing more than 30 points behind Labour in the polls.
October 20, 2022
Global Economy
UK recession looms after Truss's growth programme backfires
Britain will be paying the price of Truss’s economic experiment for some time.
October 18, 2022
Global Economy
Truss must follow Kwarteng out to calm bond markets, Citigroup analysts say
Yields had climbed even after Kwarteng departed and Truss scrapped her plan to freeze corporation tax next year.
October 15, 2022
Global Economy
Truss brings in rival who could steady the ship, or take her job
Under-pressure UK Prime Minister Liz Truss appointed Jeremy Hunt as her new Chancellor of the Exchequer.
October 15, 2022
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
Liz Truss vs the Bank of England
The best way the government can stabilize the UK economy and fight inflation, however, is to reverse more of the planned tax cuts
October 08, 2022
Global Markets
By not being a slave to ideology, Singapore roars back in business with sense and sensibility
Singapore's ideology is neither left, nor right, but by being pragmatic to the point of being boring.
October 06, 2022
Global Economy
Why change the Bank of England's inflation target?
Lately, the BOE has struggled to deal with the shocks unleashed by the pandemic and Russia’s invasion of Ukraine.
September 30, 2022