What a long-term weak pound means for the UK economy

What a long-term weak pound means for the UK economy

A British one pound coin sits in this staged photograph in London, UK Bloomberg | Bloomberg | Getty Images LONDON — The exchange rate of the British pound against American dollar has been on a roller coaster ride for the past few months. After a year of steady decline, it fell to a record low … Read more

Bank of England: UK faces longest recession ever

Bank of England: UK faces longest recession ever

The Bank of England raised its benchmark interest rate by a historic 75 basis points on Thursday – the biggest increase since 1989. Toby Melville | Afp | Getty Images LONDON – The Bank of England warned on Thursday that Britain is facing its longest recession since records began, with the economic slowdown expected to … Read more

Where Britain went wrong – POLITICO

Where Britain went wrong – POLITICO

Press play to listen to this article LIVERPOOL, England — On the long picket line outside the gates of Liverpool’s Peel Port, rain-soaked dock workers warm themselves with cups of tea as they listen to 1980s pop. Dozens of buses, cars and trucks honk in solidarity as they pass. Dockers’ strikes are not new to … Read more

Britain’s home secretary fights for survival … two weeks after she was last forced to quit – POLITICO

Britain’s home secretary fights for survival … two weeks after she was last forced to quit – POLITICO

Press play to listen to this article LONDON – She has already been forced to resign as British Home Secretary once this autumn. And now scandal-hit Suella Braverman – controversially reinstated to her role by new Prime Minister Rishi Sunak last week – is clinging to her job for a second time amid claims she … Read more

Britain’s decline from Winston Churchill to Liz Truss and Rishi Sunak

Britain’s decline from Winston Churchill to Liz Truss and Rishi Sunak

Queen Elizabeth II’s first Prime Minister was Winston Churchill. Her last was Liz Truss. This is not what most people call progress. The serial implosions of four Tory prime ministers – David Cameron, Theresa May, Boris Johnson and Mrs Truss – have made a mockery of what was once the most successful political party in … Read more

So Rishi Sunak is the UK’s next prime minister. What happens now? – POLITICO

So Rishi Sunak is the UK’s next prime minister. What happens now? – POLITICO

LONDON — It took one bruising campaign defeat and six weeks of exile — but on Tuesday, Rishi Sunak will finally become U.K. prime minister. He faces the toughest in-tray of any British leader since World War II, entering No. 10 Downing Street as the country hurtles into winter with energy bills, hospital waiting lists, … Read more

No wonder Brits voted Leave – POLITICO

No wonder Brits voted Leave – POLITICO

John Bolton served as the 25th United States Ambassador to the United Nations and as the 26th United States National Security Advisor from 2018 to 2019. Viewing Britain’s ongoing political turmoil is hardly edifying, nor is it any measure of London’s long-term international standing. All democracies experience periodic political turmoil, especially under constitutional systems where … Read more

Rishi Sunak closes in on Downing Street after Boris Johnson resigns

Rishi Sunak closes in on Downing Street after Boris Johnson resigns

Rishi Sunak could be elected leader of the Conservative Party and Prime Minister of the United Kingdom if he gets enough votes from his colleagues on Monday. Anadolu Agency / Contributor / Getty Images LONDON – Former Chancellor of the Exchequer Rishi Sunak looks set to become Britain’s next prime minister, with votes due to … Read more

Post-Brexit red tape overhaul will allow London tech to thrive, says IBM boss

Post-Brexit red tape overhaul will allow London tech to thrive, says IBM boss

A post-Brexit overhaul of red tape will boost the fortunes of London’s technology industry and allow the city to beat international rivals despite political turmoil and the inflation crisis, the head of IBM UK has said. Sreeram Visvanathan said Britain has “the ability to do a lot more post-Brexit” to help tech companies thrive, and … Read more

Opinion: An astonishing fall from grace

Opinion: An astonishing fall from grace

Editor’s Note: Sign up to get this weekly column as a newsletter. We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN  —  In 1970, a protester in London, angered by the cancellation of a cricket tour, threw an egg at UK Prime Minister Harold Wilson, the … Read more