In June 2021, Monique Foulger reached a major milestone: At 30 years old, she bought her first home, a modest one-bedroom flat in Croydon in South London.Barely a year and […]
Great Britain
Trending topics and news from the Great Britain category
Back to news homeU.K. Economy Shrinks as Threat of Recession Nears
The ride down may be shallow or steep, but either way, the European Union and Britain could be starting to slide into recession.The British economy shrank by 0.2 percent over […]
Rishi Sunak, New UK Prime Minister, Delays Economic Plan
Mr. Sunak’s government, seeking more time to make the “right decisions,” will deliver its first economic plan on Nov. 17 instead of Monday. Read More
Liz Truss’s Departure Creates Economic Uncertainty As Inflation Rises
The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth. Read More
Lessons From Liz Truss’s Handling of U.K. Inflation
The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation. Read More
Bank of England Expands Market Intervention to Avoid a ‘Fire Sale’
In the final week of its emergency bond-buying program, the central bank is expanding its efforts to restore bond market function. Read More
Britain’s Economic Experiment Stumbles at the Start
Britain’s economy has wobbled along since the financial crisis more than a decade ago, in 2008, with weak productivity and low pay. Recently, it lost its place as the world’s […]
Britain’s Gamble on Tax Cuts has Economists Warning of Past Mistakes
Ms. Truss has been cheered on by conservative champions of supply-side economics in the United States, including many of the chief backers of Mr. Trump’s tax cuts. Stephen Moore, who […]
To Calm Markets, Bank of England Will Buy Bonds on ‘Whatever Scale Is Necessary’
The Bank of England said on Wednesday that it would temporarily buy British government bonds, a major intervention in financial markets after the new government’s fiscal plans sent borrowing costs […]
U.K. Government Goes Full Tilt on Tax Cuts and Free-Market Economics
LONDON — Britain’s new prime minister, Liz Truss, gambled on Friday that a heavy dose of tax cuts, deregulation and free-market economics would reignite her country’s growth — a radical […]