Liz Truss News

14.10 / 17:35

events Truss timeline: Key events in three months of political chaos in British politics

UK Prime Minister Liz Truss has been in office for fewer than 40 days but has been forced into a humiliating U-turn on planned tax cuts that formed the core of her economic programme.

14.10 / 17:19

Jeremy Hunt named chancellor after Kwasi Kwarteng confirms sacking as Liz Truss U-turns on corporation tax

Prime Minister Liz Truss named Jeremy Hunt as chancellor after Kwasi Kwarteng said he was asked to resign from the position.

14.10 / 16:53

U.K. Treasury Chief Kwasi Kwarteng Fired Amid Market Pressure

LONDON—U.K. Prime Minister Liz Truss fired Treasury chief Kwasi Kwarteng, in an attempt to salvage her tenure following pressure from her Conservative Party and international markets.

14.10 / 15:25

Chancellor Kwasi Kwarteng confirms sacking in a tweet

Prime Minister Liz Truss has fired Chancellor Kwasi Kwarteng, the Times reported. Kwarteng confirmed the news in a tweet.

14.10 / 15:02

business NATO reports UK Finance UK finance minister Kwasi Kwarteng to be sacked, according to media reports

The UK is set for its fourth finance minister in as many months amid media reports that incumbent Kwasi Kwarteng will be sacked on Friday.

13.10 / 19:07

U.K. Markets Rally as Investors Bet Government Will Roll Back Tax Plans

LONDON—U.K. financial markets rallied Thursday as investors bet the government would reverse course on its recent tax-cutting plans, while the country’s Prime Minister Liz Truss grapples with a growing rebellion from both investors and lawmakers from her own Conservative Party.

07.10 / 16:21

European Union European economy Low Ukraine war: Very low chance Russia will use nuclear weapons - expert

Russia's president Vladimir Putin has repeatedly hinted at the use of nuclear weapons.

07.10 / 16:21

European Union European economy reform How a foiled terror plot prompted calls for gun law reform in peaceful Iceland

An averted terrorist plot and recent shootings in Reykjavík put guns in Iceland in the spotlight, sparking conversations about whether the Nordic nation should tighten its gun laws and give more leeway to police investigating crimes.

07.10 / 09:35

Europe's energy crisis Ukraine war: Russia nuclear weapon threats are 'most serious' since Cuban Missile Crisis, says Biden

Russian threats to use nuclear weapons are the most serious such warnings since the Cuban Missile Crisis, said US president Joe Biden.

06.10 / 13:53

European Union Hungary and Turkey are the last two roadblocks to NATO membership for Finland and Sweden

In the corridors of power in Stockholm and Helsinki, the champagne is on ice.

06.10 / 13:17

European Union European Political Community: European leaders gather to discuss new club of nations

More than 40 European leaders are gathering in Prague on Thursday for the inaugural meeting of the European Political Community.

06.10 / 12:31

European Union Qatar World Cup: French cities move to block fan zones showing games

A month before the World Cup, several major French cities have decided to not organise fan zones showing games at football's biggest tournament.

06.10 / 10:13

European Union European Political Community: What we know and don't know about the new club of nations

More than 40 European leaders are expected to gather in Prague today for the inaugural meeting of the European Political Community (EPC) but much remains unclear over what this new organisation actually stands for and can achieve.

06.10 / 08:57

European Union Ukraine war: Kyiv 'liberates' more villages in Kherson as Russia's annexation map shrinks

Ukraine says its army has recaptured more settlements in Kherson, one of the four Russian-occupied regions annexed by the Kremlin.

06.10 / 02:09

Citi City executives say they’re warming to ‘now electable’ Labour

Three years ago, the prospects of a Labour government in Downing Street filled many City executives with terror. Jeremy Corbyn's policies were seen at the time as radical and anti-business.

01.10 / 01:02

gay rights Censure and sanctions: how Europe and the world reacted to Russia annexing Ukrainian territory

Sanctions, censure and condemnation: Ukraine and its Western allies reacted decisively to Vladimir Putin's move to illegally annex four occupied regions of eastern Ukraine on Friday, amid a chorus of criticism from around the world.

30.09 / 10:53

UK economy Ex-Bank of England governor Mark Carney blames Truss’s ‘partial budget’ for ‘big knock’ on UK economy

Mark Carney said the UK’s financial system has taken a "big knock" after major tax cut and spending announcements by prime minister Liz Truss and chancellor Kwasi Kwarteng.

29.09 / 18:53

tax cuts U.K. Prime Minister Defends Tax Cuts as Market Turmoil Continues

LONDON—Prime Minister Liz Truss looked to reassure the British public and rattled investors that her plan to cut taxes wouldn’t lead to prolonged financial instability, arguing in a series of interviews on Thursday that the country had been buffeted by global shocks rather than her government’s reforms and that her policies would result in faster growth.

29.09 / 16:49

Adoption UK Bitcoin Brits are Turning to Bitcoin as the Pound Plummets Against the US Dollar

Bitcoin (BTC) has been winning the attention of British investors amid a plunge in the price of the British pound (GBP) against the dollar.

29.09 / 10:03

Here’s why the Bank of England had to act

The recent chaotic swings in the British pound and in UK government bonds mean traders are at panic stations, forcing the Bank of England to step in to calm things down.

28.09 / 21:49

U.K. Market Woes Threaten Economic and Political Crisis

The U.K. continued to try to stave off a financial and economic crisis on Wednesday as the country’s central bank carried out emergency buying of government bonds to stabilize a spiraling debt market, adding pressure on the government of new Prime Minister Liz Truss.

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