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Why is the pound sinking? The worst performance, among major currencies, is against the dollar — which is especially bad news, because so many commodities (notably oil) are traded in US dollars.
In the fight for the ruling Conservative Party leadership, Prime Minister Liz Truss showed no doubts that she will implement tax cuts to help businesses to come out of the two-year Covid-19 economic breakdown by promising tax cuts across the board, and to help people overcome the “crisis of cost of living” like mounting power bills through
In her short valedictory speech after less than 50 days as prime minister, an unrepentant Liz Truss could not bring herself to say sorry for her mistakes. She reiterated her belief in her bold pro-growth strategy. Her legacy will not be what she said outside 10 Downing Street – lower national insurance bills and help with energy costs,
Britain, at the time of writing, still has a prime minister, Liz Truss. Therese Coffey is still deputy prime minister. But the country also has a new de facto prime minister, Jeremy Hunt,
Ratings agency Moody’s on Friday lowered the United Kingdom’s outlook to “negative” from “stable” over ongoing political turmoil, weaker growth prospects and high inflation.
Is Liz Truss really having a “comeback”? Things move pretty fast these days but does a “comeback” not require the person coming back to have first gone away for a considerably longer time than Liz Truss has managed? Take That waited a full decade before their “comeback”, and they did so with a whole load of new material
On its own terms, Liz Truss’s visit to Washington DC could hardly have been more of a success. She’d been invited to speak to the very well known and very right-wing Heritage Foundation think tank, presumably as a little lunchtime treat for overworked staff in need of a bit of respite from their main job of trying to discredit all of
