Kwasi Kwarteng

LONDON: British Prime Minister Liz Truss has sacked her Chancellor, Kwasi Kwarteng, in an effort to stem the economic turmoil unleashed by his mini-budget at the end of last month, reports emerging from Downing Street in London said on…

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Commenting on the short tenure Truss actually practised power, The Economist magazine commented this week. "That is the shelf-life of a lettuce." Here is a timeline of events that unfolded…

Embattled British Prime Minister Liz Truss installed a new Treasury chief ahead of a hastily arranged news conference on Friday, as she struggled to calm markets and hang on to her job following the release of a controversial economic…

The British pound rose on Thursday in volatile trade as investors awaited the impending deadline for the Bank of England (BoE) to end an emergency bond-buying program. A day earlier, the British currency fell to an almost two-week low but…

LONDON: The Cabinet is attempting to rally behind embattled British Prime Minister Liz Trusson Thursday as her Conservative Party backbenchers are up in arms against her tax-cutting economic policies, which they see as favouring the rich…

British finance minister Kwasi Kwarteng needs to make 62 billion pounds ($69 billion) of spending cuts or tax rises to stop public debt growing ever-larger as a share of the economy, the Institute for Fiscal Studies (IFS) said in a report…

On Monday, the British finance minister Kwasi Kwarteng said that he will publish the fiscal plans and economic forecasts for the UK on October 31. This comes amid the pressure of rebuilding investor confidence in the new…

The squeeze on finances for thousands of British homeowners is set to intensify after a key rate on mortgage borrowing costs climbed to its highest level in almost 14 years. The average two-year fixed-rate mortgage on a home rose to 6.07%…

British Prime Minister Liz Truss had hoped her governing Conservative Party's annual conference would be her crowning glory, but instead she was forced into a humiliating U-turn that has left her, and her team, fighting for credibility.…