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Rishi Sunak, Tory leadership contender, has warned that it would be “complacent and irresponsible” to ignore the risk of markets losing confidence in the British economy, as wagers against UK government debt sent short-term borrowing costs in the gilt market soaring. In an interview with the Financial Times, Sunak said his leadership rival Liz Truss
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The scale of the challenge facing the UK’s next prime minister was laid bare on Friday when the energy regulator said household power bills would surge 80 per cent with further rises expected next year. Liz Truss or Rishi Sunak, the two candidates for the leadership of the Conservative party, will face a spiralling cost
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Liz Truss is considering plans to trigger “Article 16” proceedings against the EU over the Northern Ireland protocol within days of entering Downing Street if she succeeds Boris Johnson as prime minister next month, according to several government insiders. The UK and Brussels are locked in a fractious legal stand-off over implementing the deal covering
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Joe Biden’s administration will cancel $10,000 in student loan repayments for millions of Americans in a move that has pleased progressives but threatens to push up inflation. The US president announced the decision on Wednesday, following months of deliberations over the exact structure of the debt forgiveness scheme. Biden paused most student debt repayments during
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Turkish president Recep Tayyip Erdoğan has said he is ready to support peace talks between Kyiv and Moscow after he met President Volodymyr Zelenskyy in Lviv. Erdoğan, who has acted as an intermediary between Moscow and Kyiv, on Thursday made his first trip to Ukraine since Russia’s full-blown invasion on February 24 and said he
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US lawmakers demanded more information on the potential threat to national security posed by Donald Trump’s hoarding of classified documents, as the fallout from the unprecedented search at the home of the former president reverberated through Washington. The comments by Democrats and Republicans on Sunday were among the first reactions from Congress to the release
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