Today news
About the same in other media
U.K. Markets Rally as Investors Bet Government Will Roll Back Tax Plans
Reading now: 916
LONDON—U.K. financial markets rallied Thursday as investors bet the government would reverse course on its recent tax-cutting plans, while the country’s Prime Minister Liz Truss grapples with a growing rebellion from both investors and lawmakers from her own Conservative Party.
U.K. government bond prices rose and the pound gained against the dollar on expectations that some or all of the government’s plans would be rolled back, according to analysts. Both markets pared gains, however, after surprisingly strong U.S. inflation data, while a rally in smaller U.K. stocks fizzled out.
Read more on wsj.comAbout this in other media
New UK chancellor Jeremy Hunt set to roll out new tax policies as he looks to calm markets fnlondon.com /1 year ago
New U.K. Chancellor to Release New Public Spending, Tax Policies wsj.com /1 year ago
Liz Truss fails to calm markets despite sacking Kwasi Kwarteng theguardian.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
