U.K. economy

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Liz Truss

Liz Truss can now claim $128,000 a year for life after serving as PM for just 44 days due to a special U.K. law — but it’s not a wage

By
October 21, 2022
Investors peg one major economy as the first to tip into a recession—and name another whose assets will lead the recovery
Finance

Investors peg one major economy as the first to tip into a recession—and name another whose assets will lead the recovery

By Edward Harrison and Bloomberg
October 17, 2022
London rental crisis

Tenants offering 12 months rent in advance, 50% bids above asking price, paying deposits on-site to secure a flat: Welcome to London’s rental crisis

By
October 8, 2022
Kwasi Kwarteng acknowledges ‘a little turbulence’ and vows ‘no more distractions’ after killing key part of a 10-day-old U.K. tax plan
Finance

Kwasi Kwarteng acknowledges ‘a little turbulence’ and vows ‘no more distractions’ after killing key part of a 10-day-old U.K. tax plan

By Emily Ashton and Bloomberg
October 3, 2022
Liz Truss said she was absolutely committed to controversial tax cuts — 24 hours later she’s forced into a humiliating U-turn
Finance

Liz Truss said she was absolutely committed to controversial tax cuts — 24 hours later she’s forced into a humiliating U-turn

By Alex Morales, Kitty Donaldson and Bloomberg
October 3, 2022
Liz Truss stands by U.K. tax cuts plan but wishes she had ‘laid the ground better’ after market chaos

Liz Truss stands by U.K. tax cuts plan but wishes she had ‘laid the ground better’ after market chaos

By Kitty Donaldson and Bloomberg
October 2, 2022
I got rich by betting that inequality would destroy the U.S. and U.K. I’m sorry
Commentary

I got rich by betting that inequality would destroy the U.S. and U.K. I’m sorry

By
September 29, 2022
‘This is the right plan.’ Embattled British PM doubles down on tax cuts and borrowing jump as bonds and pound slide
Finance

‘This is the right plan.’ Embattled British PM doubles down on tax cuts and borrowing jump as bonds and pound slide

By Ellen Milligan, Joe Mayes and Bloomberg
September 29, 2022
Mohamed El-Erian, former chief executive officer of Pacific Investment Management Co. (PIMCO), speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, Sept. 7, 2016.
Finance

A U.K. recession is now ‘inevitable’ and the only question is its ‘depth and duration,’ top economist Mohamed El-Erian says

By
September 28, 2022
London property price crash

The U.K. is facing a property crash as the popularity of 2- to 5-year fixed mortgages means millions may soon not be able to afford their monthly payments

By
September 28, 2022
UK Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit Berkeley Modular, on September 23, 2022 in Northfleet, England.
Finance

The UK’s stock and bond markets have already lost $500 billion in value during Liz Truss’ short tenure

By
September 27, 2022
Why the market vetoed the U.K.’s budget–and what it means for the changing nature of stimulus around the world
Commentary

Why the market vetoed the U.K.’s budget–and what it means for the changing nature of stimulus around the world

By Philipp Carlsson-Szlezak and Paul Swartz
September 27, 2022
A woman meets with a politician in a supermarket.
Finance

The U.K. could see almost 20% inflation by January, according to Citigroup

By
August 22, 2022
Inflation is so bad in the U.K. a third of workers plan to take a second job to pay the bills

Inflation is so bad in the U.K. a third of workers plan to take a second job to pay the bills

By Philip Aldrick and Bloomberg
July 28, 2022
Here’s what Boris Johnson’s successor should do to restore trust at the top of British government, according to behavioral science
Commentary

Here’s what Boris Johnson’s successor should do to restore trust at the top of British government, according to behavioral science

By
July 18, 2022

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