The UK’s top tax rate – what is it and why does it matter?
British finance minister Kwasi Kwarteng on Monday abruptly dropped his plan to eliminate the top rate of income tax, part of his Sept. 23 “mini budget” that triggered a rout…
Britain
Britain gilt market resilient despite ‘major repricing’ – Debt office head
Britain’s bond market is undergoing “a major repricing”, but should comfortably absorb the extra 62 billion pounds ($69 billion) of debt announced after finance minister Kwasi Kwarteng’s Sept. 23 mini-budget,…
King Charles III to host South African president in first state visit of Reign
King Charles III will next month host the first state visit of his new reign when South African President Cyril Ramaphosa and his wife travel to Britain, Buckingham Palace announced…
Under water: how the Bank of England threw markets a lifeline
Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. By Wednesday they were getting more urgent and coordinated. Wild…
UK’s Liz Truss and Kwarteng forced into humiliating tax U-turn
The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark…
British Prime Minister Liz Truss tries to reassure on economic plan
British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should have done more to “lay the ground” for an economic plan…
UK’s Liz Truss: I recognise there has been market disruption
British Prime Minister Liz Truss said she recognised there had been some financial market disruption following the government’s so-called mini budget and that it was important monetary and fiscal policy…
British Teen died after ‘negative effects of Online Content’
A 14-year-old British girl died from an act of self-harm while suffering from the “negative effects of online content”, a coroner said Friday in a case that shone a spotlight…
UK fraudster jailed over $250m Caribbean resort scam
A British businessman who conned thousands of investors out of £226 million ($250 million) for a never-completed luxury Caribbean resort project was jailed Friday for 12 years. David Ames, 70,…
UK watchdog dismisses criticisms over crypto authorisations
Crypto companies were undeterred by initial failure to obtain licences to operate in Britain and were submitting new applications, the Financial Conduct Authority said on Thursday. The FCA has been…