The Latest Breaking News from Gordon Brown

Liz Truss will be entitled to claim £115,000 per year from the taxpayer despite becoming the shortest-serving Prime Minister in British history.

Even though Liz Truss has become the shortest-serving PM ever, the Downing Street incumbent will still be eligible to claim from a six-figure allowance pot after she exits the famous black door

Liz Truss managed just 44 days in office before announcing her resignation

Even though Liz Truss has become the shortest-serving PM ever, the Downing Street incumbent will still be eligible to claim from a six-figure allowance pot after she exits the famous black door

Resort to fateful phrase rarely ends well

Exclusive: Poll shows 65 per cent adults in Britain dissatisfied with Chancellor

New Zealand and the UK both have top tax rates that raise little revenue but lie as potent political traps for parties on the right

The PM has performed a series of screeching U-turns since entering Number 10. But is abandoning a policy always a disaster – or is there a way to get away with it?

The Bank of England recently unpacked £65 billion ($72 billion) in an emergency measure to avoid a crash in government bond prices. Without the intervention, the U.K.’s pension funds, which rely heavily on bond holdings, would have entered default. A larger economic crisis was averted.