“After the mini-budget, we were going at breakneck speed and I said we should slow down. She said, ‘Well, I’ve only got two years’ and I said, ‘You will have Read more
Tag: Kwarteng
‘The prime minister is not under a desk.’ Liz Truss avoids debate on Kwasi Kwarteng dismissal.
“The prime minister is not under a desk. I can assure the House.” That was how Penny Mordaunt, the leader of the House of Commons, answered Labour MP Stella Creasy, Read more
Opinion: London calling: Bet on a U.K. rebound with these 2 ETFs
Who is left who would want to buy stocks in London-traded companies? For that matter, who—if anyone—is left to sell them? If “bull markets are born on pessimism,” as the Read more
Why Kwasi Kwarteng could not survive the battle with the Bank of England
Jeremy Hunt was appointed U.K. chancellor of the exchequer on Friday after Kwasi Kwarteng was sacked in response to the market’s rebellion over his tax-cutting budget. Kwarteng lasted just 38 Read more
Why Kwasi Kwarteng could not survive the battle with the Bank of England
Jeremy Hunt was appointed U.K. chancellor of the exchequer on Friday after Kwasi Kwarteng was sacked in response to the market’s rebellion over his tax-cutting budget. Kwarteng lasted just 38 Read more
Next U.K. chancellor set to be fourth in four months as Kwasi Kwarteng confirms exit
Prime Minister Liz Truss has asked Kwasi Kwarteng to step aside as Chancellor of the Exchequer, he confirmed on Friday. Truss is poised make a public statement later today, which Read more
Kwasi Kwarteng says he has accepted decision to stand aside as chancellor
In a statement, the now-former Chancellor of the Exchequer Kwasi Kwarteng says he has accepted the decision by U.K. Prime Minister Liz Truss to leave. Kwarteng says Truss’s vision of Read more
U.K. bond yields continue to drop as Kwarteng set to be fired with further tax-cut reversals expected
U.K. bond yields continued to drop on Friday, on expectations the U.K. government will further backtrack on its tax cut plans and that U.K. Prime Minister Liz Truss will fire Read more
U.K. Chancellor Kwarteng to be fired as chancellor, report says
U.K. Chancellor of the Exchequer Kwasi Kwarteng is going to be fired, The Times newspaper reported without attribution. Kwarteng has flown back from Washington, D.C. early from the International Monetary Read more
U.K. bond yields continue to drop as Kwarteng flies home from IMF and Truss to hold press conference
U.K. bond yields continued to drop on Friday, on expectations the U.K. government will further backtrack on its tax cut plans, as Chancellor of the Exchequer Kwasi Kwarteng flew back Read more