Tue, 21-Oct-2025

Liz Truss: I was never given an opportunity to decrease tax cuts

Liz Truss

She argues that, with the benefit of hindsight, she would have behaved differently while serving as premier. In her own words, Liz Truss describes and defends her disastrous term in government. Liz Truss is still a member of parliament representing South West Norfolk. According to Liz Truss, her party never gave her a “realistic opportunity” … Read more

Tokyo stock market opens sharply higher after Wall Street rally

tokyo stock market

The Nikkei 225 share index surged 2.67%, or 699.90 points, to 26,937.32 in early trading. The Topix index rose 2.04%, or 37.84% to 1,895.84. The strong opening occurred as the US market mounted a recovery after bumpy trade. The Tokyo stock market opened substantially higher on Friday, following Wall Street’s substantial gains despite US inflation … Read more

Kwasi Kwarteng is under pressure as the sterling decline continues

Kwasi Kwarteng

The government’s stated position is that it makes no comments on market trends. On Monday morning, borrowing costs rose to their highest levels since August 2008. The Bank of England eventually increased interest rates to safeguard the value of the pound. The government’s stated position is that it makes no comments on market trends. The … Read more

Green ire for London as gas field off Scotland approved

gas

Greenpeace campaigner Ami McCarthy deplores move as bad for the environment. Environmentalists slam Britain for allowing Shell to develop Jackdaw gas field. UK looking to boost energy security amid fears Ukraine war will lead to severe shortages. Environmentalists slammed Britain on Wednesday for allowing Shell to develop the Jackdaw gas field off the coast of … Read more

Kwasi Kwarteng & Rishi Sunak disagree on a possible windfall tax plan

Kwasi Kwarteng

As rising oil and gas costs hurt British households, there has been growing pressure on the government to levy a windfall tax on energy giants such as BP and Shell. The Labour Party has already called for the adoption of such a levy on energy firms, following in the footsteps of Spain and Italy. According … Read more