A ‘cocktail’ of sticky inflation and a tight labor market boosts Bank of England rate hike bets

Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023.  Pool | Reuters LONDON —...

Former UK PM Liz Truss is blaming left-wing ‘economic establishment’ for ousting her

British Prime Minister Liz Truss announces her resignation, outside Number 10 Downing Street, London, Britain October 20, 2022. Henry Nicholls | Reuters LONDON — Former U.K. Prime Minister Liz Truss i...

Pound tanking, massive tax cuts and talk of emergency rate hikes

Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images LONDON – The first fiscal policy announcement from new Brit...