Markets Approve of U.K.’s Reversal of Tax Cuts

The British pound and government bonds rose after the country’s new finance minister overturned nearly all the proposals by Prime Minister Liz Truss.

By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Vivian Giang, Sarah Kessler, Stephen Gandel, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni | NYTimes | NYT > Business | Disclosure