[ad_1] Britain’s Prime Minister Liz Truss speaks during Prime Minister’s Questions in the House of Commons in London, on October 19.Jessica Taylor/UK Parliament/AP Liz Truss’s resignation brings to an ignominious end her catastrophic tenure in Downing Street, which appeared doomed ever since Truss’s flagship economic agenda sent markets into panic …
Read More »Liz Truss is in big trouble after her biggest U-turn yet
[ad_1] London CNN — Liz Truss has sacrificed her finance minister and closest political ally just weeks into her premiership in order to save her own skin. On Friday morning, Britain’s Chancellor of the Exchequer, Kwasi Kwarteng, was summoned a day early back to London from the United States straight to Downing Street, where he was relieved …
Read More »Kwasi Kwarteng: Liz Truss fires finance minister and ditches big tax cut
[ad_1] London CNN Business — UK Prime Minister Liz Truss has fired finance minister Kwasi Kwarteng and ditched a big part of her discredited economic strategy in a desperate bid to rescue her month-old premiership. At a Downing Street news conference, Truss said she was scrapping plans to reverse an …
Read More »Liz Truss admits mistakes on controversial tax cuts plan, but doubles down on it anyway
[ad_1] London CNN — British Prime Minister Liz Truss admitted mistakes had been made with her government’s controversial “mini-budget” announced last week – which sent the pound to historic lows and sparked market chaos – but stood by her policies. Speaking to the BBC’s Laura Kuenssberg on Sunday morning Truss …
Read More »Liz Truss faces her party faithful after a disastrous week. Many Conservatives fear defeat looms at UK’s next election
[ad_1] London CNN — Liz Truss’ first full week as British Prime Minister has not been an easy one. It began with the pound crashing to its lowest level in decades following her government’s mini-budget last Friday. It ended with her meeting the UK’s independent financial forecaster and having to …
Read More »Biden returns to UN as world grapples with Putin’s latest provocations in Ukraine war
[ad_1] New York CNN — President Joe Biden returns to the green-marbled United Nations stage Wednesday hours after Russia’s president announced in a provocative speech an escalation in his war effort in Ukraine, setting up a rhetorical showdown between the two leaders on the international stage. Biden had already planned …
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