Tag: Kwasi Kwarteng
Treasury Secretary blames Bank of England for stock market chaos as pension funds seek loans from firms
Minister of Finance Kwasi Kwarteng At the end of October, the finance minister intends to announce new plans to relieve households and companies. (Photo: Reuters) London The Bank of England’s…
Troubled Prime Minister tries to unite the Tories behind him
London British Prime Minister Liz Truss tried to save her four-week-old government from collapsing with a short speech at the Tories party conference in Birmingham, which was interrupted by Greenpeace…
British government apparently wants to bring forward the budget
Kwasi Kwarteng and Liz Truss In order to strengthen confidence in the government’s financial competence, the budget plan is now to be brought forward. (Photo: Bloomberg) London,Birmingham After its U-turn…
Great Britain seems ripe for a change
British Treasury Secretary Kwasi Kwarteng, Prime Minister Liz Truss Plans to cut taxes on top earners have failed miserably. (Photo: Reuters) London In recent history one will hardly find an…
Liz Truss is withdrawing her controversial tax plans for top earners
London Britain’s Prime Minister Liz Truss has already suffered a political defeat after just a month in office. Her finance minister, Kwasi Kwarteng, had to withdraw the planned reduction in…
Liz Truss is withdrawing her controversial tax plans for top earners
Liz Truss There was great criticism from members of her own conservative party. (Photo: AP) London Great Britain’s Prime Minister Liz Truss has already suffered a bitter political defeat after…
Liz Truss is withdrawing her controversial tax plans for top earners
Liz Truss There was great criticism from members of her own conservative party. (Photo: AP) London Prime Minister Liz Truss is reversing her plans to abolish the top income tax…
Truss reaffirms controversial budget plans – “Had to act”
Liz Truss The prime minister has announced a detailed debt reduction program with her finance minister. Above all, the reduction in the top tax rate was criticized. (Photo: Reuters) London…
Truss jeopardizes Britain’s economic fortunes
Construction site Great Britain: Prime Minister Liz Truss and Finance Minister Kwasi Kwarteng Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng on a company visit to Kent.…
Back to power with Blair 2.0
London The British opposition leader Keir Starmer wants to lead the Labor party out of the political sidelines and back into power. The 60-year-old told delegates at the Labor Party…
Pound Flash Crash – British Currency Plunges 5 Percent
British pound The British currency is likely to remain under pressure in the coming days. (Photo: dpa) London With the new British government less than three weeks in office, the…
Pound Flash Crash – British Currency Plunges 5 Percent
British pound The British currency is likely to remain under pressure in the coming days. (Photo: dpa) London With the new British government less than three weeks in office, the…
Pound Flash Crash – British Currency Plunges 5 Percent
British pound The British currency is likely to remain under pressure in the coming days. (Photo: dpa) London With the new British government less than three weeks in office, the…
Pound Flash Crash – British Currency Plunges 5 Percent
British pound The British currency is likely to remain under pressure in the coming days. (Photo: dpa) London With the new British government in office less than three weeks, the…
Pound Flash Crash – British Currency Plunges 5 Percent
British pound The British currency is likely to remain under pressure in the coming days. (Photo: dpa) London Sterling was temporarily down 4.7 percent in early Monday trading after Britain’s…
The British government wants to stimulate the economy with massive tax cuts
British government announces significant tax cuts Finance Minister Kwasi Kwarteng leaves 11 Downing Street and makes his way to the Treasury. (Photo: dpa) London Britain’s new government on Friday announced…
Kwasi Kwarteng is supposed to do what Ronald Reagan failed to do
London The boss’s announcement came from New York this week: Great Britain’s Prime Minister Liz Truss announced nothing less than a second “Thatcher revolution” on the sidelines of the UN…
New dispute over upper limits for banker bonuses
London The alleged plan of the new British finance minister, Kwasi Kwarteng, to abolish the bonus cap for bankers in the City of London, has reignited the dispute over “fair”…
0.75 points against inflation
Good morning dear readers, “hard monetary policy” has become a rather flexible term. What does it mean to be tough in view of an inflation rate of 9.1 percent in…