Sep 23

UK cuts taxes, boosts spending, accelerating recession worries

The British pound has went on its biggest one-day drop in 2 1/2 years after the U.K.'s new government outlined plans to cut taxes and boost spending. It's sparked concerns that increased public borrowing will worsen the nation's cost-of-living crisis.

Sep 06

Liz Truss becomes U.K. prime minister

peaking Tuesday outside 10 Downing St. hours after being formally appointed by Queen Elizabeth II, Truss said she would focus on tackling Britain’s energy crisis, struggling economy and overburdened health service.