The UK is preparing a huge energy bailout that could cost $175 billion | CNN Business

The UK is preparing a huge energy bailout that could cost $175 billion | CNN Business

London CNN Business  —  The United Kingdom’s new prime minister is reportedly preparing to commit as much as £150 billion ($172 billion) to shield households and businesses from soaring energy bills, increasing government borrowing at a time when investors are already on edge about the country’s finances. Liz Truss, who earlier this week succeeded Boris … Read more

Boris Johnson is handing his successor an economic ‘catastrophe’ | CNN Business

Boris Johnson is handing his successor an economic ‘catastrophe’ | CNN Business

London CNN Business  —  Across the United Kingdom, businesses and households are warning that they won’t make it through the winter without help from the government. That sets up enormous challenges for the incoming prime minister, who will be announced this week. For months, the United Kingdom has endured a leadership vacuum while the country … Read more