Truss was undone by her economic programme that sent shockwaves through the markets and divided her Conservative Party just six weeks after...

The pound has rallied against the dollar ahead of an emergency statement by newly appointed Chancellor of the Exchequer in the UK Jeremy Hu...

Monday's measures "will support fiscal sustainability", the Treasury added, after last month's notorious mini-budget had sent bond yields s...

Market turmoil sparked by the September 23 budget has led to speculation that Truss and Chancellor Kwasi Kwarteng are set to announce a new...

A revolt among Tory MPs over UK Chancellor Kwasi Kwarteng's economic plan has resulted in a flight home him. Prime Minister Lizz Truss is u...

Kwarteng and Truss have been on the back foot ever since unveiling on September 23 a "mini-budget" that spooked the financial markets and h...

Inflation in the UK continues to rise, with mortgage rates breaching records of 10-14 years. Chancellor Kwarteng is scheduled to meet with ...

Major bank executives will ask the Chancellor of the Exchequer in the UK Kwasi Kwarteng to extend a program that guarantees house loans thr...

The UK government has decided not to proceed with its decision to scrap the 45p rate of income tax for higher earners.

Several Conservative MPs have openly criticized the new UK Prime Minister Liz Truss for "remaining hidden" during a crisis. Some Tories hav...

The rare intervention from the global lender of last resort piled more pressure on new finance minister Kwasi Kwarteng to reassess a policy...

The weakening currency piles pressure on the U.K.'s new Conservative government, which has gambled that slashing taxes - and increasing bor...

BRITAIN-BOE/ (UPDATE 1)UPDATE 1-Bank of England says it "will not hesitate" to raise rates

The prime minister is set to defy some of her anti-immigration cabinet colleagues by making changes to the "shortage occupation list", allo...

The much-anticipated fiscal event, which had been delayed over the course of the state mourning period for the late Queen Elizabeth II, was...

Chancellor of the Exchequer Kwasi Kwarteng has reversed the decision to increase the National Insurance rate by 1.25 per cent and also slas...

Finance minister Kwasi Kwarteng, fresh from being appointed by new Prime Minister Liz Truss, said caps on soaring energy bills would cost a...