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
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
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
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
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
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
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 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
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
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