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Bank governor defends inflation record as Truss review awaits

Andrew Bailey has defended the Bank of England’s record of managing inflation under his command amid growing pressure on...
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Ukraine war and energy crisis on Truss agenda as British PM speaks to Biden

Russia’s invasion of Ukraine and the ensuing global energy crisis have emerged as a leading foreign policy priorities for...
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Gas drive will not solve energy crisis, climate advisers tell Liz Truss

The government’s independent climate and infrastructure advisers have delivered an unprecedented rebuke to Liz Truss for focusing on attempts...
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Liz Truss: UK’s third female Prime Minister ‘very, very committed’ to India ties

London: Britain got its third female Prime Minister Tuesday as Liz Truss, who in her innings as foreign and...
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Business

‘It will be cheaper to close’: businesses urge Liz Truss to act fast over soaring bills

Guy Adams, who has run the Isle of Barra Beach Hotel in the Hebrides for 16 years, may be...
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Business

UK economy on brink of recession as Truss takes over, figures show

Liz Truss will become the UK’s next prime minister with the economy on the brink of recession, according to...
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Business

Zahawi faces shortest chancellorship since 1970 – and may be glad of it

Gordon Brown used to joke that there were two sorts of chancellors: the ones who failed and the ones...
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Business

Next PM could face £23bn autumn spend to cover £900 rise in energy bills

Ministers could face an additional £23bn price tag for covering extra household energy costs of £900 this autumn, rising...
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