The Business Times

Kwasi Kwarteng

International

Britain’s ex-finance minister Kwarteng told Truss to ‘slow down’ tax cuts

British Prime Minister Liz Truss at a news conference in London, Britain, October 14, 2022.
Columns

Truss in trouble amid Tory meltdown

UK Finance Minister Kwasi Kwarteng's sacking makes him Britain’s shortest serving chancellor since 1970.
International

UK’s Truss sacrifices finance minister, scraps tax plan in fight to survive

Truss and Kwarteng are now under huge pressure to reverse course as polls show their support has collapsed and colleagues have started openly discussing whether they should be replaced.
International

UK's Kwarteng flies back for crunch talks over tax plans

(FILES) In this file photo taken on August 4, 2022 Governor of the Bank of England Andrew Bailey addresses the media on the Monetary Policy Report at the Bank of England, in London. - The Bank of England may decide to extend its emergency bond buying, despite governor Andrew Bailey warning that the intervention will end this week, the Financial Times reported Wednesday, October 12. (Photo by Yui Mok / POOL / AFP)
Banking & Finance

Friday deadline for BOE aid looms as Kwarteng scapegoats its governor

Despite the raft of announcements, yields shot up across the range of British debt maturities including in the long-dated conventional gilt market.
Banking & Finance

UK gilts slump as government fails to woo investors

Finance minister Kwasi Kwarteng will unveil debt-slashing plans and predictions sooner than expected.
International

Britain unveils fresh action to calm market turmoil

Asked if she remained committed to an earlier pledge to maintain spending levels,Truss replied: “Absolutely, absolutely."
International

UK government rules out spending cuts, reversal on tax cuts

Kwasi Kwarteng's first budget represents a significant gamble as UK faces the most difficult economic landscape in years.
Columns
EDITORIAL

Truss team takes gamble with emergency budget

Kwarteng was expected to “quiz lenders on their plans” as the market turmoil following his mini-budget led to higher mortgage rates.
Banking & Finance

UK finance minister to meet banks after market chaos

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