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Britain's Chancellor of the Exchequer Jeremy Hunt poses with the budget box at Downing Street in London, Britain March 15, 2023.
Economy

A new attitude and a new budget: Can the Tories make a comeback?

Weeks after the International Monetary Fund forecast that the UK will be the worst-performing advanced economy this year, British Chancellor Jeremy Hunt on Wednesday handed down a fresh national budget.

US House Speaker Nancy Pelosi (D-CA) wields the gavel as she presides over the first impeachment of President Donald Trump.
News

What We’re Watching: Pelosi’s farewell, #RIPTwitter, Malaysian vote, Iranian rage, UK austerity

Pelosi takes a final bow, the fate of an endangered bluebird, Malaysia’s election head-scratcher, rage fuels Iran protests, Britain braces for economic hardship

Liz Truss resignation ends most shambolic premiership in UK history
Quick Take

Liz Truss resignation ends most shambolic premiership in UK history

Ian Bremmer's Quick Take: Breaking news waits for nobody as I'm in a car on the way to a very early morning flight on the West Coast in the US. But no, Liz Truss has resigned. We all knew it was coming, but of course she gets to pick the actual moment of 44 days. Shortest-lived, most shambolic premiership in British history. And I mean, truly coming at a horrible time for the country. The economy is in free fall. Inflation, much worse than in the United States. An energy crunch coming this winter. You thought that the Boris Johnson premiership was bad, and it was certainly clownish. There were lots of scandals. But in terms of policy at least they were much more coherent, if not always correct than Truss' month and a bit.

British Prime Minister Liz Truss
News

Dead on arrival: The Truss and Trussonomics experiment is almost over

The UK's new Chancellor Jeremy Hunt has scrapped nearly all of PM Liz Truss's mini-budget that sparked the recent chaos. Will this save the embattled PM – or is it too little late?

Liz Truss’ unenviable new gig
News

Truss makes another U-turn, fires Kwarteng

Only 37 days into his tenure, Kwasi Kwarteng has been replaced by Jeremy Hunt.