Why the market vetoed the U.K.’s budget–and what it means for the changing nature of stimulus around the world

Consider the following statement about the relationship between markets and policymakers: “(They) are separated by light years of distrust and misunderstanding. But market realities have the last say-so. Wall Street votes with the upward or downward movement of stock and bond prices. Their reaction ultimately will make or break a President’s program.” These were the … Read more

Liz Truss’ honeymoon canceled as pound plummets and UK borrowing costs soar – POLITICO

Press play to listen to this article LIVERPOOL, England — As an inexperienced leader taking charge of a country in crisis, Liz Truss knew she needed to hit the ground running this month. But three weeks into her fledgling premiership, the new U.K. prime minister finds herself scrambling to stay ahead of events as last … Read more

UK’s new Prime Minister Liz Truss to review visa schemes to ease labour shortages

British Prime Minister Liz Truss is set to launch a major review of the country’s visa system in a move to tackle acute labour shortages in key industries, the Financial Times reported on Sunday. The prime minister is set to defy some of her anti-immigration cabinet colleagues by making changes to the “shortage occupation list”, … Read more

UK could move embassy to Jerusalem – POLITICO

British Prime Minister Liz Truss is considering relocating the U.K. embassy in Israel to Jerusalem. Truss told her Israeli counterpart Yair Lapid “about her review of the current location” of the building, a Downing Street spokeswoman said. Truss had already proposed the move as a campaign promise to the Conservative Friends of Israel, during her … Read more

World leaders descend on London for Queen Elizabeth II funeral – POLITICO

Press play to listen to this article LONDON — Even in death, Queen Elizabeth II has convening power. World leaders including U.S. President Joe Biden and France’s Emmanuel Macron descended on the U.K. capital to pay their respects to the late monarch Sunday, as the country prepared to say goodbye in grand style to its … Read more