Refinitiv Newscasts - Trading at Noon: British Prime Minister resigns after disastrous ditched economic plan

American Aires

20/10/2022 17:02

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Source: Reuters

Description: British Prime Minister Liz Truss has resigned after just 45 days
in office. She said she was no longer able to deliver on her manifesto
promises - after her plan to cut taxes was roundly rejected by the markets and
overturned by her new finance minister, Jeremy Hunt. The number of Americans
filing new claims for unemployment benefits fell unexpectedly last week,
indicating the labor market remains tight even as demand for labor is cooling
amid higher interest rates. 



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