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British Prime Minister Liz Truss attends a news conference in London

World Oct 16

British Prime Minister Liz Truss goes from triumph to trouble in six weeks on the job

By Jill Lawless, Associated Press

World Sep 29

New British Prime Minister Liz Truss delivers a speech outside Number 10 Downing Street, in London, Britain September 6, 2022. Photo by Henry Nicholls/REUTERS
UK’s Prime Minister Liz Truss defends economic plan that sent pound tumbling

British Prime Minister Liz Truss has defended her economic plan that roiled financial markets, saying she's willing to make "difficult decisions" to get the economy growing.

By Jill Lawless, Danica Kirka, Associated Press

Economy Sep 28

A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. Photo by Maja Smiejkowska/REUTERS
Bank of England intervenes in market to halt economic crisis

The move Wednesday comes after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the cost of government debt soaring.

By Danica Kirka, Jill Lawless, Associated Press

Economy Sep 26

Woman holds British Pound banknotes in this illustration taken May 30, 2022. Photo by Dado Ruvic/Illustration/REUTERS
The British pound has taken a plunge. What’s the impact?

The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low. Financial markets are alarmed at new Prime Minister Liz Truss' emergency budget measures to jump-start the economy.

By Kelvin Chan, Associated Press

World Sep 26

FILE PHOTO: British PM Truss and Chancellor of the Exchequer Kwarteng
British pound plunges to new, all-time low as proposed tax cuts spark economic concerns

The British pound has fallen to an all-time low against the U.S. dollar after the government pledged a sweeping package of tax cuts that have fueled concerns about its economic policy.

By Danica Kirka, Jill Lawless, Associated Press

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