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UK PM Truss fires finance minister

British Prime Minister Liz Truss on Friday dismissed her finance minister, forcing Kwasi Kwarteng to carry the can for turmoil sparked by her right-wing economic platform as restive Conservatives plotted her own demise, reports AFP, from London. The chancellor of the exchequer was dismissed in person by Truss after he rushed back early from international meetings in Washington, multiple media ...

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Julian Assange supporters form human chain outside UK Parliament

Supporters of WikiLeaks founder Julian Assange formed a human chain outside Britain’s parliament on Saturday to demand an end to an attempt by the United States to have him extradited to face criminal charges. Hundreds of protesters, including Jeremy Corbyn, the former leader of Britain’s opposition Labour Party, gathered in a line which stretched from parliament’s perimeter railings and snaked ...

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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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Seven arrested UK expat businessman released on bail

Bangla Mirror Desk:   Seven Directors of Homeland Life Insurance company has been granted bail on the condition of compromising.  Jusitce Shumona Paul granted this order at Shalikha Amli Magistrate Court in Magura. Lawyer for Claimant in this case confirmed this. These seven UK expat businessmen were arrested on 21st September from the Head Office of Homeland Life Insurance Company in ...

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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 may already be in recession – Bank of England

, The Bank of England has raised interest rates from 1.75% to 2.25% – the highest level for 14 years – and warned the UK may already be in a recession. The central bank had previously expected the economy to grow between July and September but it now believes it will shrink by 0.1%. It is the Bank’s seventh rate ...

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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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