Liz Truss’s premiership got off to a bad start

Liverpool, England CNN – Liz Truss’s first weeks as British Prime Minister were marked by the crisis. She had been at work for just 48 hours when news broke that Queen Elizabeth II was dead, putting the country into official mourning and delaying the official launch of the Truss plan for Britain. Once that official … Read more

Tilted markets get a great deal of cold from the Bank of England

This story is part of CNN Business’ Nightcap newsletter. To receive it in your mailbox, register for free, here. New York CNN business – All the UK government drama keeps me from catching up on the only British drama I really want to consume, which is Love Island, season 8, which I haven’t finished yet … Read more

Pound to dollar: the collapse of the pound will worsen inflation

London CNN business – The UK government’s decision to implement the biggest tax cuts in 50 years while borrowing tens of billions of dollars to subsidize rising energy costs this winter is a huge bet that has sent shockwaves. on the financial markets. Since Friday, when Finance Minister Kwasi Kwarteng formally announced the plans, the … Read more

Pre-market stocks: the curious case of falling gold prices

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can subscribe right here. You can listen to an audio version of the newsletter by clicking on the same link. London CNN business – It should be the perfect time to own gold. The yellow metal has … Read more

The problem that should keep Liz Truss awake at night

London CNN business – Liz Truss has a lot to do. The UK is heading for a recession. Workers are on strike as inflation erodes their standard of living. And millions of people and thousands of businesses need immediate relief from rising energy bills to get through the winter. “This is a difficult time for … Read more