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Under-fire UK PM Truss fails to calm markets with growth pledge

BIRMINGHAM, United Kingdom, Oct 6, 2022 : Prime Minister Liz Truss vowed to steer the UK “through the tempest” as she closed her party’s tumultuous annual conference on Wednesday, making an unapologetic pitch for economic “growth, growth, growth”. Since succeeding Boris Johnson, Truss has alienated voters, financial markets and many in the ruling Conservative party with a crash programme of ...

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Liz Truss admits mistakes over mini-budget but stands by tax-cutting package

Mistakes were made over the mini-budget, Liz Truss acknowledged, but the prime minister has said she is standing by her tax-cutting plan as she refused to rule out public spending cuts. The prime minister admitted she could have done more to prepare the ground for Kwasi Kwarteng’s financial statement, which spooked the markets, sent the pound plummeting and forced a ...

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King Charles will not attend COP27: Palace

King Charles will not attend the climate change conference COP27, which is due to be held in Egypt later this year, Buckingham Palace has confirmed. It was responding to a story in The Sunday Times which claimed Prime Minister Liz Truss had “ordered” the King not to attend. The Palace said advice had been sought by the King and given ...

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Kwasi Kwarteng and the ideology behind the British pound’s collapse

Britain is staring down the barrel of a self-inflicted economic catastrophe. This week saw the pound fall to an all-time low against the dollar amid a mass sell-off of U.K. bonds. Analysts are laying the blame on just one man. Kwasi Kwarteng, 47, has been chancellor of the exchequer, Britain’s top economic position, for less than a month, but he’s ...

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Labour MP Rupa Huq has whip suspended after calling Chancellor Kwasi Kwarteng ‘superficially Black’

MP Rupa Huq has had the whip suspended from the Labour Party after she was heard describing Chancellor Kwasi Kwarteng as “superficially” Black, ITV News understands. Dr Huq was heard in an audio clip published online discussing the chancellor’s elite school background saying “you wouldn’t know he is Black” when listening to him on the radio. She is believed to ...

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UK to pay half of business winter energy bills

Britain on Wednesday launched a six-month plan starting in October to pay about half of energy bills for businesses, as Prime Minister Liz Truss seeks to stop companies going under as a result of rocketing prices. The news precedes a mini-budget Friday when finance minister Kwasi Kwarteng is expected to unveil tax cuts to help a nation struggling with decades-high ...

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National mourning ends in Britain after queen’s funeral

Flags on government buildings returned to full mast and an epic clean-up operation was underway on Tuesday as British public life resumed after the state funeral of Queen Elizabeth II, although the royal family remains in mourning for another week. Around a quarter of a million people queued round the clock to view the queen’s coffin as it lay in ...

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Queen Elizabeth II, Britain’s longest-reigning monarch, laid to rest at Windsor after state funeral

The official mourning period for Queen Elizabeth II, the U.K.’s longest-reigning monarch, culminated Monday morning with her state funeral in London’s ancient Westminster Abbey. The guest list for the service included around 500 foreign dignitaries, including President Biden and about 100 other heads of state. The huge influx of VIPs put an unprecedented security operation, which was decades in the ...

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Queen’s coffin travels to Windsor Castle for committal

The Queen Elizabeth II’s coffin is arriving at Windsor after leaving Wellington Arch as London came to a standstill to watch the procession. As the hearse approached, the Long Walk to the castle was lined with members of the armed forces on either side, standing in front of the public.

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Queen’s life of service praised at historic funeral

The Queen’s life-long sense of duty has been remembered in her state funeral service at Westminster Abbey. The Dean of Westminster, who led the service, expressed gratitude to a congregation of 2,000 people including world leaders and royalty. King Charles III led a sombre procession behind his mother’s coffin from Westminster Hall to the abbey. The Queen’s coffin will now ...

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