Pound sterling almost reached parity with the dollar this year, and things won’t be much better in 2023
Liz Truss
Latest in Liz Truss
Britain economy
Rishi Sunak becomes UK’s first ever Hindu Prime Minister
The Conservative MP was effectively crowned PM after rivals failed to secure a place on the final ballot
Boris Johnson
Rishi Sunak set to become UK’s next prime minister
Sunak could find himself as the country’s next prime minister after Liz Truss resigned and Boris Johnson has dropped out of the race
Boris Johnson
Rishi Sunak announces bid to be next UK Prime Minister
Rishi Sunak, the ex-Chancellor who lost his bid for leadership against Liz Truss just last month, said he’ll stand in the contest to replace her
Banking & Finance
UK politics: Banks frustrated with government U-turns
In a week of turmoil in UK politics after the departure of Liz Truss banks remain frustrated by U-turns by Government
Liz Truss
Moody’s blues: UK credit score outlook revised to negative
The outlook for the UK credit score was revised to negative by Moody’s Investors Service
Britain economy
Liz Truss resigns: How will the next UK prime minister be elected?
Liz Truss quit on Thursday as UK’s prime minister as her tenure forced her out after her mini budget and other economic programmers left the country’s financial stability in jeopardy, leaving many people poorer.
The British Conservative Party will now elect a new leader by October 28. Truss’ successor will be the sovereign nation’s fifth prime […]
Britain economy
In pictures: UK prime minister Liz Truss has resigned after just 44 days in office
Truss came to power after Boris Johnson was removed from office after only two years as Prime Minister
Britain economy
Liz Truss served fewer days than it took to elect her as Prime Minister
The leadership election that ushered her into office took two months, while Truss only served for 44 days
Britain economy
UK inflation to soar over 15 percent without energy support as Truss quits
An exact prediction now is almost impossible for many economists, as former UK Prime Minister Liz Truss has resigned
Britain economy
Liz Truss becomes the shortest serving Prime Minister in history
In a statement made a few moments ago, Truss declared her resignation
10 Downing Street
UK prime minister Liz Truss resigns after just 44 days
The shock departure comes following a political storm over her mini budget
Britain economy
Who could replace Liz Truss? UK prime minister warned, has ’12 hours to turn things around’
Truss recently apologised for her “mistakes” and vowed to remain prime minister, adding “I will lead the Conservatives into the next general election”
bilateral economic relations
No brake on UK-GCC free trade negotiations as new PM Liz Truss takes office: Experts
Liz Truss, who previously served as Britain’s international trade minister and foreign secretary, has been an ardent supporter of stronger UK-GCC cooperation