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Page 4 - Latest Updates on Liz Truss

Sterling volatile as PM Truss defends tax-cutting plan, euro drops

In the face of nagging doubts about Britain's economic management and the outlook for global growth, sterling was 0.19% lower at $1.0866 at 1125 GMT, after falling to $1.0764 earlier

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Updated On : 29 Sep 2022 | 6:02 PM IST

Rishi Sunak supporters speak out as UK economy spirals under Liz Truss

The supporters of Rishi Sunak in the Conservative Party leadership race are increasingly speaking out to point out that the Indian-origin former Chancellor had warned against much of economic turmoil

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Updated On : 27 Sep 2022 | 8:06 PM IST

UK markets have lost $500 billion since Liz Truss took over as PM

Taking the helm at a time when the UK economy was already grappling with the specter of recession, the Truss government's new fiscal policies fueled concerns that inflation and borrowing would surge

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Updated On : 27 Sep 2022 | 6:53 PM IST

Sterling tumbles nearly 5% to all-time low on tax reforms, shows data

The currency dived as much as 4.85 per cent to an unprecedented $1.0327, extending a 3.61 per cent dive from Friday, when finance minister Kwasi Kwarteng unleashed historic tax cuts

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Updated On : 26 Sep 2022 | 9:52 PM IST

UK scraps corporation tax hike, lifts cap on banker bonus to boost economy

The UK govt is expected to publish an emergency budget statement Friday outlining how it plans to slash taxes, tame soaring inflation and boost economic growth as a recession looms on the horizon

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Updated On : 23 Sep 2022 | 3:42 PM IST

UK PM Liz Truss says she'll slash taxes despite economic crisis

We do have to take difficult decisions to get our economy right, Truss said. We have to look at our tax rates. So corporation tax needs to be competitive with other countries to attract investment

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Updated On : 20 Sep 2022 | 9:50 PM IST

UK PM Truss walks the talk, caps power bills at £2,500 a year for two years

PM says average household will save average of £1,000 a year; Labour leader criticises decision not to tax unexpected profits of energy giants

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Updated On : 09 Sep 2022 | 1:18 AM IST