New UK government cuts billions of pounds of spending to fix ‘unsustainable’ finances
Britain’s new finance minister, Rachel Reeves, told parliament on Monday her Conservative predecessor had left public spending on track to...
archiveLiz Truss
Britain’s Treasury chief vows to run the economy with ‘iron discipline’ amid demands for pay raises
LONDON (AP) — Britain’s new Treasury chief said Sunday she will run the economy with “iron discipline,” but suggested she’ll give public sector workers an above-inflation pay raise to help end a wave of strikes and strife.The Labour Party government is under pressure from supporters and trade unions to spend more on salaries and welfare benefits, two weeks after it was elected on promises not to hike personal taxes or increase public borrowing,“I think people know that things are a mess,” Treasury chief Rachel Reeves told the BBC, arguing the...
Minister Says Tories Left UK Finances In ‘Worst Set Of Circumstances Since WW2’
Former PM Rishi Sunak and his chancellor Jeremy Hunt, who are now both on the Opposition benches via Associated PressA...
Britain finally has a female chancellor. It only took 800 years. – POLITICO
Getting the economy growing again will present Reeves with a challenge. If at heart she is a chess prodigy who...
Starmer promises economic stability to bring down ‘punishing’ mortgage costs
Householders are being punished with high mortgage rates, Sir Keir Starmer said as he promised action to help bring them...
Paris was on the cusp of becoming the EU’s finance hub. Then came the election. – POLITICO
“We don't really know what will happen after the election. We don't know who will be elected. We don't know...
Reeves alleges £71bn black hole in Tory costings and ‘second mortgage bombshell’
Rachel Reeves has claimed the Conservative manifesto contains £71 billion of unfunded commitments and could result in “a second Tory...
Nigel Farage eyes debanking revenge with plan to hit bank profits – POLITICO
Without the governor's cooperation, any prospective government would need to change the Bank's formal remit to enact the policy. Reform's...
Can Labour’s Keir Starmer rebuild Britain’s battered economy?
If history offers useful guidance, British voters should soon change their government, Alan Austin reports. THE PEOPLE of the United Kingdom...
Liz Truss Refuses To Apologise For Her Role In Mortgage Rate Rises In Toe-Curling Interview
Liz Truss has refused to apologise or even take responsibility for the leap in mortgage rates which occurred during her...
