UK
First pictures of King Charles banknotes revealed
The Bank of England has unveiled a new design for banknotes featuring King Charles’ image. The portrait will be the only change to the existing designs of the £5, £10, £20, and £50 notes, which will go into circulation in mid-2024. The King’s portrait will appear on the front of the new notes as well as in the see-through security window. After the new notes begin to circulate, existing notes will continue to be accepted in stores. Beginning in 1960, Queen Elizabeth was the first and...[Read More]
I warned Liz Truss she was going too fast – Kwasi Kwarteng
Former chancellor Kwasi Kwarteng has said he warned Liz Truss that her ill-fated economic plans were moving too quickly. Mr Kwarteng told TalkTV in his first interview since being fired by the then-PM that he had warned her to “slow down” after the September mini-budget. He claimed he told her she was “mad” to fire him and that if she did, she would only last “three or four weeks.” “I had no idea it was only going to be six days,” he added. Ms Trus...[Read More]
Kwasi Kwarteng named Britain’s new Finance Minister
Britain’s new Prime Minister Liz Truss named business and energy secretary Kwasi Kwarteng as finance minister; her office announced on Tuesday. Kwarteng, a Truss ideological ally, has stated that her government can afford to borrow more to fund energy bill assistance for households and businesses, but that it will remain fiscally responsible with the public finances. He had been the business and energy minister since January 2021, having previously held a junior position in the department ...[Read More]
