| Getty Images Key Takeaways The citizens of the United Kingdom are hoping for a leader that will bring stability and unity after the country has struggled to find and elect competent leaders. Rishi S...
Tag: liz truss
Who Is UK PM Rishi Sunak And How Will His Economic Plan Impact US Investors?
Key Takeaways The UK has another new Prime Minister, with Rishi Sunak one of their richest ever leaders with a household wealth between he and his wife of over $830 million. He’s also the youngest eve...
3 UK Prime Ministers So Far This Year
FILE PHOTO (EDITORS NOTE: COMPOSITE OF IMAGES – Image numbers 612413014,1241854307) In this … [+] composite image a comparison has been made between the two remaining Conservative Leader c...
Another UK Prime Minister Resigns And Banks See Benefits As Earnings Season Kicks Off
Getty Images TL;DR UK Prime Minister Liz Truss has resigned amid economic turmoil created by her economic plan Earnings season has kicked off with the banks benefiting from higher interest rates The m...
Rishi Sunak Is Favorite To Be Britain’s Next Prime Minister—Here’s What To Know
Topline Former finance minister Rishi Sunak is the clear frontrunner to become Britain’s next prime minister and the third person to assume the mantle this year in the hopes of soothing the political ...
Boris Johnson Drops Out Of U.K. Prime Minister Contest
Topline Former British Prime Minister Boris Johnson announced Sunday he will step back from the contest to lead the Conservative Party, taking him out of the running to return to No. 10 Downing Street...
Who Is Next After Liz Truss?
BIRMINGHAM, ENGLAND – OCTOBER 02: Chancellor of the Exchequer Kwasi Kwarteng (L) and Britain’s Prime … [+] Minister Liz Truss watch a tribute to Queen Elizabeth II on the opening day...
Liz Truss Resigns As UK Prime Minister. What’s Next For Volatile Financial Markets?
Photo by Leon Neal/Getty Images Getty Images On Thursday, UK prime minister Liz Truss bowed to mounting pressure and resigned as prime minister of the United Kingdom. Truss lasted just 44 days in the ...
Britain’s Government On Brink Of Collapse As Liz Truss Clings To Power
Topline British Prime Minister Liz Truss is desperately fighting to stay in power Thursday after one of her key ministers quit and chaos dramatically engulfed a key government vote last night, sparkin...
British Pound Rebounds As UK Government U-Turns On Tax Cuts
Key Takeaways New British Chancellor Jeremy Hunt has wound back almost all of the wide ranging tax cuts that were announced by new Prime Minister Liz Truss on 23rd September The British Pound and UK b...
U.K. Finance Minister Kwasi Kwarteng Fired After Economic Policy Fallout
Topline Kwasi Kwarteng, the U.K.’s Chancellor of the Exchequer, was sacked by Prime Minister Liz Truss on Friday morning after her government’s recent mini-budget—which promised large tax cuts for the...
U.K. Ditches Tax Cuts For Richest Amid Growing Backlash And Market Mayhem
Topline The U.K. government on Monday said it was dropping controversial plans to scrap the highest rate of income tax for high earners, an embarrassing u-turn for Prime Minister Liz Truss after the p...
U.K. Prime Minister Liz Truss Admits Mistake in Communicating Economic Plan
LONDON—U.K. Prime Minister Liz Truss said that her government could have done a better job preparing financial markets for a surprise tax-cut plan funded by increased debt, but otherwise defended the ...
Bank Of England Quells Market Chaos After U.K. Government Spooks Investors
Topline The Bank of England took steps to calm roiling markets on Wednesday as leading financial institutions continue to castigate the British government for tax cuts they claim could worsen inequali...
Pound Sinks Again As IMF And Moody’s Rebuke U.K. Tax Cuts
Topline London stocks and the British pound both fell Wednesday morning—after the International Monetary Fund (IMF) and credit ratings agency Moody’s rebuked the U.K. government over planned tax cuts ...
The British Pound Is In Freefall. Here’s What It Means For Investors.
The British Pound Sterling is coming under immense pressure after sweeping tax cuts announced by new … [+] Prime Minister Liz Truss. (Photo by Stefan Wermuth – WPA Pool/Getty Images) Getty...
Liz Truss’s Economic Plan Deserves A Chance
UK Prime Minister Liz Truss. (Photo by Yui Mok/PA Images via Getty Images) PA Images via Getty Images This morning, the internet was abuzz with news that the British pound had fallen to historically l...
New British Chancellor Kwasi Kwarteng Reverses Rishi Sunak’s Scrapping Of Tax-Free Shopping For International Tourists
British chancellor Kwasi Kwarteng has delivered some good news for retailers on tax-free shopping. … [+] (Photo by Carl Court/Getty Images) Getty Images The British government under new prime mi...
British Music Economy In Partial Recovery But Demands More Government Help
Gramophone records and players on display at the Old Sound Museum, Dennis, Massachusetts, USA, 31st … [+] October 1978. (Photo by Barbara Alper/Getty Images) Getty Images The good news: the Brit...
Disruptions In Energy Security And Climate Security Part 2: What’s Coming.
The LNG (liquefied natural gas) tanker Flex Volunteer, in the Loire estuary, France in 2022. AFP via Getty Images Part 1 was about energy and climate security in the present. Alarming recent events ha...
King Charles III Should Become A Climate Monarch
TETBURY, ENGLAND – JUNE 05: Prince Charles, Prince of Wales poses in the meadows at Highgrove House … [+] at the launch for the Coronation Meadows Initiative on June 5, 2013 in Tetbury, En...
Disruptions In Energy Security And Climate Security Part 1: Recent Events.
In Palm Springs, California, a rainbow forms behind giant windmills and traffic on Interstate 10. Getty Images Energy security in the now. The Covid pandemic stifled industrial activity. When business...
New U.K. Transport Secretary Was Road Campaign Chief, Denied Climate Change
New Secretary of State for Transport Anne-Marie Trevelyan. (Photo by Leon Neal/Getty Images) Getty Images Anne-Marie Trevelyan was last night appointed as the U.K.’s transport secretary in the first c...
Who Is Liz Truss? Here’s What To Know About The Likely U.K. Prime Minister Replacing Boris Johnson
Topline Liz Truss is the runaway favorite to replace Boris Johnson as leader of the Conservative Party and Prime Minister of the U.K., signaling the end of a bitter summer campaigning and the peak of ...
UK Sanctions 386 Russian Politicians For Backing Ukraine Invasion
Topline The U.K. government on Friday sanctioned 386 Russian politicians who voted to recognize the independence of two separatist regions in Ukraine, following earlier sanctions on Russian oligarchs,...