Rishi Sunak’s ascendance to the top of British politics has rankled some in the U.K. who say the secrecy surrounding his personal wealth is at odds of what 10 Downing needs given the financial turmoil facing the country.
Tag: UK
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IT’S ONE BIG CLUB: EX-GOLDMAN SACHS BANKER TO BECOME NEXT BRITISH PRIME MINISTER
Rishi Sunak, a former Goldman Sachs banker and hedge fund head who stepped down last summer from his post as Chancellor of the Exchequer to protest ex-Prime Minister Boris Johnson, will be the next leader of the United Kingdom after a brief, yet disastrous tenure by Liz Truss.
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U.K. CENTRAL BANK GOES LOOSE
On 29 September, the Bank of England (BoE) suspended its plans to tighten monetary policy and bought £1 billion in government bonds to stabilize the nation’s debt and pension markets after new prime minister Liz Truss announced her government would initially borrow more than £72 billion to subsidize household energy bills.
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TRUSS COMES OUT OF ‘HIDING,’ SAYS, ‘PUTIN MUST FAIL’ IN UKRAINE
Liz Truss, the British prime minister, took to Twitter on Wednesday to announce that she spoke with Ukrainian President Volodymyr Zelensky on the phone to promise “steadfast” support and refusal to never recognize Russia’s “sham referendums.” “I thanked him for helping secure the release of 5 British nationals & discussed ways to protect [Ukrainian] gas...
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NEW U.K. STIMULUS PLAN POUNDS DOWN POUND
To revive the British economy and snatch it from the brink of recession, newly appointed Prime Minister Liz Truss’s new government proposed the sharpest tax cuts in 50 years and pledged to cap household utility bills. In August, inflation in the U.K. ran at almost 9.9 percent. The Bank of England has raised its key...
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BAD BOY BORIS GOES “LETHAL”
What a difference a war makes. Remember back in January, the clown playing Prime Minister of the U.K., Boris Johnson, had been under fire over a leaked video that showed him and his aides last year mocking their COVID War mandates they imposed on the population while they were partying? (See “COVID WAR CRACKDOWNS AND PROTESTS.”) ...