Kwarteng

A former Conservative business secretary has described his successor Kwasi Kwarteng’s abandonment of a planned industrial strategy for the UK as “mystifying”.Greg Clark said the government’s current lack of industrial policy was…

Former UK chancellor Kwasi Kwarteng said he warned ex-premier Liz Truss she needed to “slow down” her economic plans, and told her she was “mad” to fire him. In his first interview since he was sacked in October, Kwarteng told TalkTV they…

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Issued on: 14/10/2022 - 14:50 British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday, shortly before she is expected to scrap parts of their …

Kwasi Kwarteng will need to announce a fiscal tightening of more than £60bn if he wants to convince investors that he can stabilise the UK’s public finances, according to a leading think-tank. The chancellor, who has promised to “get…

Chancellor Kwasi Kwarteng is to rush forward his new debt-cutting plan — and accompanying official forecasts — to October 31, as part of a broad effort to reassure markets the UK has a grip on public finances.The move comes as the…

Article content (Bloomberg) — Liz Truss isn’t having much of a honeymoon period as the country’s new prime minister.  The Conservatives’ annual party conference in Birmingham last week descended into infighting over her U-turn on taxes for…

Liz Truss has overruled her chancellor and insisted the UK should not set a limit on the number of applications for low-tax investment zones despite internal Treasury concerns the projects could cost billions of pounds in lost taxes.…

Stealth freezes in tax and benefit thresholds will take twice as much money from UK households as they stand to gain from the government’s cuts to headline rates, the Institute for Fiscal Studies said on Thursday.Liz Truss stood by…

Kwasi Kwarteng is drawing up a debt reduction plan to reassure febrile financial markets that Liz Truss’s government can be trusted with the UK’s public finances. Scheduled for November 23, the chancellor wants to bring it forward to…