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Europe to be late arrival at Federal Reserve party
The U.S. is having a party, and Europe is going to be unavoidably late to it. No fewer than four central banks across the Continent passed up the opportunity on Thursday to say they, too, were ready...
View ArticleUK and Switzerland strike ‘first of its kind’ financial services deal
LONDON — The U.K. and Switzerland have signed a financial services deal described as the “first of its kind” by British Chancellor Jeremy Hunt. The mutual recognition agreement will allow British...
View ArticleJeremy Hunt to unveil pre-election budget on March 6
LONDON — Britain’s chief finance minister Jeremy Hunt will unveil his next budget on March 6, the U.K. government said Wednesday. The U.K. Treasury said in a statement the Chancellor of the Exchequer...
View ArticlePOLITICO London Playbook awards 2023: All the winners from a wild year in UK...
LONDON — It was meant to be the year two quiet technocrats, Rishi Sunak and Keir Starmer, brought calm to the fevered Westminster swamp. Unfortunately SW1 didn’t get the memo. Politics remained pretty...
View ArticleRishi Sunak appears to rule out spring UK election
LONDON — Rishi Sunak said his “working assumption” is that he won’t call a U.K. general election until the second half of 2024. In his clearest hint yet at timing for the poll, the British prime...
View Article7 tripwires for Rishi Sunak as 2024 fires up
LONDON — Rishi Sunak will need to watch his step this year. The U.K. prime minister faces a succession of tripwires that will make his second (and potentially last) full year in the job the toughest...
View ArticleUK finance chief warns Trump: Return to protectionism a ‘profound mistake’
DAVOS, Switzerland — Britain’s top finance minister Jeremy Hunt has warned Donald Trump that a return to U.S. protectionism would be a “profound mistake” if he wins the U.S. election in November....
View ArticlePopulism Keeps Rattling the Globe. Elites Have No Idea What to Do.
DAVOS, Switzerland — For more than a decade, forces on the ideological extremes have torn at the global political fabric. And for just as long, the luminaries at the World Economic Forum have fretted...
View ArticleBritain’s Conservatives are warming to Donald Trump 2.0
LONDON — They might not be wearing MAGA hats, but some of Britain’s most prominent Conservatives are flirting with Donald Trump again. A steady stream of Tory politicians — and even former prime...
View ArticleRishi Sunak’s five pledges in tatters as UK slides into recession
The U.K. slid into a recession in the final quarter of last year, leaving the prime minister’s pledge to grow the economy in tatters — and presenting the country’s opposition party with some fighting...
View ArticleRishi Sunak can’t stop the Tories’ slow-motion train wreck
LONDON — Try as he might, things just aren’t going Rishi Sunak’s way. On Wednesday the U.K. prime minister had his tail up. The opposition Labour Party was in crisis over poorly vetted candidates....
View ArticleUK’s Jeremy Hunt to court first-time buyers with lifetime ISA shake-up
LONDON — Jeremy Hunt is on a mission to woo first-time homebuyers. The U.K. chancellor is considering shaking up the Lifetime Individual Savings Account, or LISA, in a ploy to get more people on the...
View ArticleBritish banks head for a Basel win
Presented by Nationwide By ELEANOR MYERS with HANNAH BRENTON and JAMES FITZGERALD PRESENTED BY View in your browser or listen to audio SNEAK PEEK — U.K. banks look set to get capital relief for SME...
View ArticleCan anyone stop Britain’s Tories going full Trump?
LONDON — Britain’s center-ground Conservatives are looking for a flag bearer. They haven’t found one yet. With dire poll ratings suggesting the ruling Tories are heading for electoral defeat this...
View ArticleClaire Coutinho: The UK’s chancellor-in-the-wings?
LONDON — Late summer 2023. Claire Coutinho, a junior minister at the Department for Education and a rising star in the U.K. Conservative government, is enjoying a quiet morning at home when her phone...
View ArticleUK Budget 2024: As it happened
Wednesday’s U.K. government Budget offered a chance for Chancellor Jeremy Hunt to spray around goodies and convince voters he’s on their side ahead of an election. But will the top finance minister’s...
View ArticleWhat Jeremy Hunt will (and won’t) unveil in the UK’s high-stakes spring budget
LONDON — U.K. Chancellor Jeremy Hunt will stand up in the House of Commons today and unveil his fiscal goodies — in what could well be the Conservative Party’s last budget before an election. With his...
View ArticleJeremy Hunt’s scorched earth budget
LONDON — Down on their luck and languishing in the polls, the U.K. Conservatives can still enjoy one time-honored pastime — wrecking things for their Labour opponents. As the Conservatives unveil an...
View ArticleUK energy minister denounces his own government’s oil and gas plans
LONDON — Energy Minister Andrew Bowie has rejected a key plank of the energy plans announced in his own government’s budget. Bowie criticized plans unveiled by Chancellor Jeremy Hunt on Wednesday to...
View ArticleUK Budget 2024: All the highlights
LONDON — Jeremy Hunt rolled the pre-election dice Wednesday. The U.K. chancellor delivered a budget full of measures aimed at boosting Britain’s sluggish growth and reversing his party’s electoral...
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