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 about the need to fix finances Some conservative lawmakers say Truss will be ousted LONDON (Reuters) – Britain’s new finance minister Jeremy Hunt said on Saturday some taxes would rise and … Read more

Truss defends her economic plan as UK Conservatives gather

The Prime Minister defends the economic plan, saying it is correct He also tries to reassure the audience Kwarteng says he made a decision about the higher tax rate BIRMINGHAM, England (October 2) (Reuters) – British Prime Minister Liz Truss tried to reassure her party and the public on Sunday that she should have done … Read more

Kwarteng defies “orthodoxy” after defeating the UK market

Weeks on the job, UK finance minister under fire for tax cuts Truss stands by a key ally but some question his future Kwarteng sacked a key official, and went without financial expectations LONDON (Reuters) – As Britain’s new chancellor to the exchequer, Kwasi Quarting hoped to undo the collective thinking in the Treasury that … Read more