LIZ TRUSS

Britain broke all the wrong records in 2022, with its currency tumbling to an all-time low, the biggest-ever spike in government bond yields and the shortest-serving leader in history. The blowup was triggered in September by Prime Minister Liz Truss’s unorthodox plan to cut taxes and increase borrowing in an effort to boost economic growth. But this was a crisis years in the making, and it didn’t end with her downfall after six weeks in office. Government instability and trade disruption due to

In his first month as Britain's prime minister, Rishi Sunak has stabilized the economy, reassured allies from Washington to Kyiv and even soothed the European Union after years of sparring between Britain and the bloc.

Any potential hits to the U.K. economy can complicate matters for the U.S., making its new prime minister's plan globally important.

Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation.

Millions of British people face higher taxes and steeper energy bills after the government announced an emergency budget aimed at restoring the government’s economic credibility and shoring up the battered public finances.

The boom in market-based finance has taken risks away from regulated lenders, but recent crises show they’re still exposed.

Most papers focus on Chancellor Jeremy Hunt's spending plans in the Autumn Statement, where he is expected to set out "difficult decisions".

Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans Thursday.

Millions are hoping British Prime Minister Rishi Sunak finds money to help them survive a cost-of-living crisis when the government releases its spending plans Thursday.

Leaders of the world's largest economies appear ready to send a strong message to Russia condemning its invasion of Ukraine.

Britain’s Treasury chief, Jeremy Hunt, has warned that a spending crunch and tax increases are on their way as he bids to fill the “black hole” in the country’s finances.

The impact of the "disastrous" mini-budget and the spending cut plus tax rises plans to fix it lead the Sunday papers.

Statistics show that Britain’s economy shrank in the three months to September, and forecasters are warning of many months of contraction to come.

An interview with ex-chancellor Kwasi Kwarteng and leaked remarks from TV's David Walliams lead the papers.

Prime Minister Rishi Sunak is aiming to repair frayed relations with Britain’s European Union neighbors and with skeptical leaders in Scotland and Wales.

The populist revolution may end up reshaping Britain more dramatically than America.

A senior member of British Prime Minister Rishi Sunak’s government has resigned after mounting allegations that he bullied colleagues.

President Joe Biden will aim to assert America’s global leadership during his upcoming visit to Southeast Asia for meetings with world leaders.

Behind wire fences in southeast England, children wave their arms and chant “freedom” to grab the attention of people on the other side.

The Bank of England boosted its key rate by thee-quarters of a percentage point, to 3%, after consumer price inflation soared to a 40-year high.

The 75 basis point increase takes the Bank Rate to 3%, its eighth consecutive hike to the main lending rate.

The Bank of England has rolled out its biggest interest rate increase in three decades, saying the move is needed to beat back stubbornly high inflation that's eroding living standards and is likely to trigger a “prolonged” recession.

The British pound is on firmer footing since the appointment of PM Rishi Sunak, but Wall Street still sees further vulnerability over the next 12 months.

Liz Truss may have been the victim of a Russian cyberattack while serving as foreign secretary and helped coordinate the British response to Russia's invasion of Ukraine.

The market expects the Bank of England to raise interest rates by 75 basis points on Thursday, its largest hike since 1989.

Britain’s interior minister is defending the government’s treatment of newly arrived migrants after critics blamed her for the “wretched” conditions endured by thousands of people at an overcrowded center for asylum-seekers.

Following a report that Russian spies hacked former British Prime Minister Liz Truss' phone over the summer, politicians are demanding an investigation into the claim.

Claims say Russian spies were suspected of the hack.

The British government insisted Sunday it has robust cybersecurity for government officials

The British government insisted Sunday it has robust cybersecurity for government officials.

The Russian agents would have had access to details about Ukraine weapon shipments and criticisms Liz Truss privately raised about then-Prime Minister Boris Johnson.

The new British Prime Minister gave voice to a popular conservative attack on liberal London that has dangerous connotations.

Downing Street says the two leaders pledged to work on deterring "deadly journeys" in the Channel.

The British government says new Prime Minister Rishi Sunak will not attend the major United Nations climate conference next month

The British government says new Prime Minister Rishi Sunak will not attend the major United Nations climate conference next month.

Russian President Vladimir Putin has denied having any intentions of using nuclear weapons in Ukraine but described the conflict there as part of alleged efforts by the West to secure its global domination.

Britain’s new Prime Minister, the nation’s third in seven weeks, will aim to steer an unpopular party through record inflation and a looming energy emergency.

The Northern Ireland Assembly has failed to elect a speaker, setting the stage for an unwanted early election.

The European Central Bank has made another outsized interest rate hike aimed at squelching out-of-control inflation, moving at the fastest pace in the euro currency’s history.

As he makes tough decisions to stem Britain’s economic crisis, Prime Minister Rishi Sunak says he will “always protect the most vulnerable.”.

British Foreign Secretary James Cleverly is facing criticism after telling gay soccer fans heading to the World Cup in Qatar that they should show some “compromise” and "be respectful of the host nation.”.

The new prime minister will keep Jeremy Hunt, Suella Braverman, James Cleverly and Penny Mordaunt in their jobs.

The much-anticipated statement will now take place on 17 November, the chancellor says.

UK Treasury Chief Jeremy Hunt has delayed his much-anticipated economic statement until Nov. 17.

But the Federal Reserve should act to make the Treasury market more resilient.

Rishi Sunak has faced the opposition in Parliament for the first time as Britain's prime minister, promising to restore economic stability after his predecessor’s tax plans triggered market tumult.

The way the UK government fell should worry all who support democracy.

Boris Johnson cited Cincinnatus in his farewell address. Liz Truss quoted Seneca.

Britain’s new prime minister is an improvement over his predecessors — but keeping his promises won’t be easy.

They are two photos taken exactly seven weeks apart, capturing the traditional and ceremonial rites of the monarch meeting the British prime minister-in-waiting to ask them to form a new government.

They are two photos taken exactly seven weeks apart, capturing the traditional and ceremonial rites of the monarch meeting the British prime minister-in-waiting to ask them to form a new government. For Truss, it was new start, capping weeks of bruising battle for the Conservative party leadership with Rishi Sunak (more on him later) and handing her the keys to 10 Downing Street. The queen, using a walking cane after prolonged mobility issues, is seen smiling, Truss, too, from the side angle can be seen smiling as they shake hands.

Former finance minister Rishi Sunak becomes prime minister after former Prime Minister Liz Truss was ousted after seven weeks in office.

The new prime minister starts to put together his new top team, after taking over from Liz Truss.

The "kissing hands" ceremony was important enough to Queen Elizabeth II that she participated only two days before she died.

As Rishi Sunak takes over from Liz Truss, he will name a Cabinet of ministers charged with tackling some of Britain's most formidable challenges since the post-war era.

Rishi Sunak has become Britain’s third prime minister this year.

A British man spent nearly $4,000 making squeaky dog toys that look like Liz Truss after she became prime minister, only for her to resign in just 44 days.

Observers of British politics can be forgiven for scratching their heads in recent weeks as they watch the country reel through a succession of prime ministers without holding an election.

In the end, all of Boris Johnson’s bluster couldn’t hide the facts: He didn’t have the votes to win the Conservative Party leadership contest and stage a political comeback just weeks after being forced out as prime minister.

The Tory psychodrama has paused for now, but Rishi Sunak has warned of an “existential threat” to the party if it doesn’t change.

The former Treasury chief will be Britain's first leader of color, and faces the task of stabilizing the party and country.

The former chancellor has not made any new pledges during the four-day contest to replace Liz Truss.

Former Finance Minister Rishi Sunak will be the U.K.'s next prime minister after former defense minister Penny Mordaunt dropped out of the race Monday.

Former Treasury chief Rishi Sunak beat out Boris Johnson and Penny Mordaunt after Liz Truss resigned after just six weeks.

The former treasury secretary is has economic experience that some hope can help stabilizing a falling pound and skyrocketing inflation and interest rates.

Rishi Sunak lost the race to be PM - then staged a comeback. Here's what you need to know about him.

Seven weeks after losing to Liz Truss in the race to be Britain's prime minister, Rishi Sunak is now set to replace her in a dizzying turnaround.

Former finance minister Rishi Sunak is widely expected to secure the U.K. prime minister spot after Boris Johnson dropped out of the race. Sunak is running on economic caution.

Rishi Sunak is a strong favorite to finally assume the prime minister's position that he missed out on less than two months ago.

Rishi Sunak ran for Britain’s top job and lost.

Former Treasury chief Rishi Sunak is set to become Britain’s first prime minister of color after being chosen to lead the governing Conservative Party.

Rishi Sunak and Penny Mordaunt are in the race to lead the U.K.'s Conservative Party and Britain, with a deadline of 2 p.m. local time for nominations.

The U.K. is gearing up to install a new prime minister this week — its fifth in six years — following the resignation of Liz Truss just 44 days into the job.

Shares are mostly higher in Asia after stocks shook off an early bout of unsettled trading and ended higher on Wall Street.

Treasury chief Rishi Sunak is now the strong favorite to become Britain's next prime minister — the third this year — at a time of political turmoil and severe economic challenges.

The prospect of a return by Johnson had thrown the already divided Conservative Party into further turmoil.

Former U.K. Prime Minister Boris Johnson will not stand in the leadership contest to replace outgoing leader Liz Truss.

Liz Truss announced last week that she would resign after just 45 days in office.

Britain's former finance minister Rishi Sunak said Sunday he was standing to replace former PM Liz Truss as prime minister following her resignation.

Former British Prime Minister Boris Johnson says he will not run to lead the Conservative Party, ending intense speculation about a comeback.

Britain's former finance minister made it to the final round in the race to succeed Boris Johnson before losing to Liz Truss in September.

Former Prime Minister Boris Johnson has returned to Britain ahead of a possible tilt at reclaiming his former job.

Across Europe, soaring inflation is behind a wave of protests and strikes that underscores growing discontent with the spiraling cost of living and threatens to unleash political turmoil.

On the same day as British Prime Minister Liz Truss resigned from office after serving for only six weeks, Netflix decided to choose chaos and drop the trailer for the new season of “The Crown.”

British government debt rose to the highest level in almost 60 years last month and retail sales slumped.

Several British lawmakers are jockeying to become the country’s next leader following the implosion of Liz Truss’ historically short-lived government.

British Prime Minister Liz Truss took office last month with hopes and promises of reinvigorating the British economy and putting it on the path to long-term success.

Liz Truss’ resignation as British Prime Minister has triggered another leadership race — the second in just four months — for the U.K.’s fractured and demoralized Conservative Party.

When the United Kingdom walked out of the European Union two years ago, Brexit supporters believed that British pragmatism and common sense would not only see them through but would allow their country to flourish as it stood alone.

British Prime Minister Liz Truss quit Thursday after a tumultuous and historically brief term in which her economic policies roiled financial markets and a rebellion in her political party obliterated her authority.

Asian shares are mostly lower in muted trading as investors keep an eye on inflation.

The government of British Prime Minister Liz Truss is teetering on the verge of collapse, just hours after she vowed to keep governing.

This has not been a good week for Liz Truss.

As British Prime Minister Liz Truss struggles to retain her authority, one man is seen to be in the real position of power to restore order and credibility to the Conservative government and limit the damage caused by Truss’ economic plans.

New U.K. Treasury chief Jeremy Hunt has reversed most of an economic package announced by the government just weeks ago, including a planned cut in income taxes.

British Prime Minister Liz Truss has only been in office for six weeks.

The new U.K. Treasury chief has insisted that Prime Minister Liz Truss retains control of her government despite having to roll back her signature economic policies weeks into her premiership.

President Joe Biden is calling embattled British Prime Minister Liz Truss’ abandoned tax cut plan a “mistake,” saying he is worried that other nations’ fiscal policies may hurt the U_S_ amid what he calls “worldwide inflation.”.

Britain’s new Treasury chief has acknowledged mistakes made by his predecessor and suggested that he may reverse much of Conservative Prime Minister Liz Truss’ tax-cutting plans, in order to bring stability to the country after weeks of economic and political turbulence.

British Prime Minister Liz Truss has abandoned a planned cut to corporation tax, scrapping a key part of an economic plan that sparked weeks of market and political turmoil.