Tag: Kwasi Kwarteng

Explained | What triggered the U.K.’s economic crisis?

Explained | What triggered the U.K.’s economic crisis?

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Why did the new Prime Minister’s policies on tax cuts for the highest earners turn out to be controversial and lead to a free fall in the economy? Is the Conservative party planning to oust her and replace her with the Sunak-Mordaunt duo? What lies ahead? Why did the new Prime Minister’s policies on tax […]

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Explained | Britain’s week of market turmoil and the tax cut reversal

Explained | Britain’s week of market turmoil and the tax cut reversal

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The pound slumped to its lowest point against the dollar accompanied by skyrocketing bond yields, triggering an emergency intervention by the Bank of England and a tax reversal by the UK PM The pound slumped to its lowest point against the dollar accompanied by skyrocketing bond yields, triggering an emergency intervention by the Bank of […]

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U.K. scraps tax cut for wealthy that sparked market turmoil

U.K. scraps tax cut for wealthy that sparked market turmoil

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The decision to reverse course is likely to put U.K. PM Liz Truss and Finance Minister Kwasi Kwarteng under huge pressure, less than four weeks after they came to power The decision to reverse course is likely to put U.K. PM Liz Truss and Finance Minister Kwasi Kwarteng under huge pressure, less than four weeks […]

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