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.
Source: nytimes.com
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Liz Truss Promises U.K. Rapid Change - The New York Times
Britain’s beleaguered new prime minister weathered a protest during her set-piece annual speech to deliver an uncompromising message.
Source: nytimes.com
Britain's Economic Experiment Stumbles at the Start
Prime Minister Liz Truss says a mix of tax cuts and deregulation is needed to jump-start Britain’s sluggish economy. Investors, economists and some in Truss’s own party disagree.
Source: nytimes.com
Economists Nervously Eye the Bank of England's Market Rescue
The Bank of England stepped in to save a critical market this week. Economists say it was necessary but also worry about the precedent.
Source: nytimes.com
Truss, in Reversal, Drops Plan to Cut U.K. Tax Rate on High Earners
The announcement was a major capitulation by the government after tax cuts it announced roiled financial markets and drew widespread criticism.
Source: nytimes.com