UK economy

UK economy

FILE PHOTO: British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit a construction site for a medical innovation campus, on day three of the Conservative Party annual conference at the International Convention Centre in Birmingham, Britain October 4, 2022. Stefan Rousseau/Pool via REUTERS//File Photo

Truss's demise ends the revival of Thatcher's libertarian economics

When the money supply increases and demand continues to rise, the prices of various products and services may also rise. Photo: Collected

Soaring food prices push UK inflation back to 40-year high

Photo: Reuters

IMF says Britain's U-turn on economic plan signals fiscal discipline

FILE PHOTO: British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal/Pool via REUTERS

‘Too far, too fast’: Liz Truss apologises for economic ‘mistakes’, vows to stay

FILE PHOTO: New Chancellor of the Exchequer Jeremy Hunt leaves 10 Downing Street in London, Britain, October 14, 2022. REUTERS/Henry Nicholls/File Photo

New UK finance minister vows to show markets he can fix budget

British Chancellor of the Exchequer Jeremy Hunt speaks during an interview with television correspondent Robert Peston outside the BBC headquarters, in London, Britain, October 15, 2022. REUTERS/Henry Nicholls

As UK's Truss fights for job, new finance minister says she made mistakes

U.S. President Joe Biden speaks about lowering costs for American families during a visit to the East Portland Community Center in Portland, Oregon, U.S., October 15, 2022. REUTERS/Kevin Lamarque

Biden: UK's Truss' original economic plan was a mistake

FILE PHOTO: People wearing masks walk past the Bank of England, as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 23, 2020. REUTERS/Toby Melville/File Photo

UK needs 62 billion pounds of cuts or tax rises to tame debt: IFS

UK's Truss refuses to rule out welfare cuts to fund economic plan

UK's Truss refuses to rule out welfare cuts to fund economic plan

Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/

Britain's tax backdown bounces stocks and sterling

British Chancellor of the Exchequer Kwasi Kwarteng adjusts his glasses during Britain's Conservative Party's annual conference in Birmingham, Britain, October 3, 2022. REUTERS/Toby Melville

UK's Kwarteng says he will publish new fiscal plans "shortly"

Conservative leadership candidate Liz Truss speaks as she is interviewed by British radio host Nick Ferrari during a hustings event, part of the Conservative party leadership campaign, in London, Britain August 31, 2022. REUTERS/Hannah McKay

UK's Truss makes U-turn on tax after week of market turmoil

Sheep graze beneath a row of electricity pylons near Ellesmere Port, Britain, October 11, 2021. REUTERS/Phil Noble

Britain to open $44 billion support scheme for power firms on 17 Oct