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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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.
Read More »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 ...
Read More »Britain and the world bid adieu to Queen Elizabeth II
Britain said farewell to Queen Elizabeth II on Monday at a state funeral attended by world leaders, before a historic last ceremonial journey through the streets of London packed with sorrowful mourners. Huge crowds gathered in near silence to watch as the queen’s flag-draped coffin, topped with the Imperial State Crown, her orb and sceptre, was carried slowly to a ...
Read More »Britain, the world prepare to say last farewell to Queen Elizabeth
Britain, world leaders and royalty from across the globe will on Monday bid a final farewell to Queen Elizabeth, the last towering figure of her era, at a state funeral of inimitable pageantry. At 6.30 a.m. (0530 GMT), an official lying-in-state period ended after four days in which hundreds of thousands have queued to file past the casket of Britain’s ...
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