Eshe Nelson
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British Pound and Bond Prices Rise as New Chancellor Accelerates Tax Plans
Jeremy Hunt, Britain’s new top finance official, said he would bring forward by two weeks measures to “support fiscal sustainability.”
After Weeks of Turmoil, UK Markets Face Another Test on Monday
Investors will get to weigh in after the Bank of England ended its bond market intervention and the bank’s governor offered conciliatory words over the...
U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.
A Central Bank on the High Wire
Andrew Bailey, the Bank of England chief, is trying to calm markets, wrestle inflation and maintain the bank’s credibility amid Britain’s financial storm.
Bank of England Expands Market Intervention to Avoid a ‘Fire Sale’
In the final week of its emergency bond-buying program, the central bank is expanding its efforts to restore bond market function.
U.K. Government Plans an Update to Its Tax and Spending Agenda
After an earlier announcement sent markets into a tailspin, the prime minister and the chancellor are under pressure to restore fiscal credibility.
Britain’s Economic Experiment Stumbles at the Start
Prime Minister Liz Truss says a mix of tax cuts and deregulation is needed to jump-start Britain’s sluggish economy. Investors, economists and some in Truss’s...
Bank of England to Buy Bonds to Restore ‘Orderly’ Markets
The purchases will be carried out “on whatever scale is necessary,” the central bank said.
Bank of England Will Have ‘Significant’ Response to New Government Plan
The Bank of England’s chief economist offered a first glimpse into how it will assess the government’s sweeping package of tax cuts, borrowing and spending.
British Pound Touches Record Low Against Dollar
Borrowing costs are soaring as markets balk at the government’s plans for tax cuts and spending.