As Britain’s Truss struggles to get a job, a new finance minister says she’s made mistakes

Truss fired his finance minister on Friday New Chancellor Hunt warns against making tough decisions Bank of England’s Bailey says he agrees with Hunt on the need to reform finances Some conservative lawmakers say Truss will be ousted LONDON (Reuters) – Britain’s new finance minister, Jeremy Hunt, said on Saturday that some taxes will rise … Read more

Bank of England looks at market turmoil, “will not hesitate” to act

Register now to get free unlimited access to Reuters.com Register The pound briefly touched a record low against the dollar Clots continue to break down The Minister of Finance explains in detail the financial plans on November 23 The Bank of England is closely monitoring developments LONDON (Reuters) – The Bank of England said on … Read more

Britain is pushing investors to flee with historic tax and borrowing cuts

Kwarteng cuts top income tax rate in a rush of growth Huge increase in planned British government bond issuance Thrombosis suffers its biggest recession in decades The pound fell 3% to a 37-year low against the dollar LONDON (Reuters) – Britain’s new chancellor Kwasi Quarting unleashed historic tax cuts and massive borrowing increases on Friday … Read more