UK Prime Minister Liz Truss faces serious pressure to resign after failed budget
1426
Tuesday, 18 October, 2022, 10:36
U.K. Prime Minister Liz Truss is facing calls to resign from within her own Conservative Party just six weeks after entering Downing Street. Truss and her former Finance Minister Kwasi Kwarteng announced a fiscal package – a so-called mini-budget – on Sept. 23. The measures triggered market turmoil, from a plunging pound to pension panic, and a rare public rebuke by the International Monetary Fund. Piece by piece, the plans have been tweaked and trashed – including reversing plans to scrap an increase in the corporation tax, axing plans to abolish the top income tax bracket, and shortening the energy guarantee, designed to subsidize consumer and business energy bills, from two years to just six months. |
US-China talks start with warnings about misunderstandings and miscalculations
374Yesterday, 11:18NATO chief Stoltenberg says it's 'not too late for Ukraine to prevail' against Russia
411Yesterday, 10:06#Bloomberg: Macron Is Gauging Support for a Plan to Install Draghi in the Top EU Job
57025.04.2024, 17:00Biden gave the green light to help Ukraine
55525.04.2024, 10:30Ukraine uses long-range missiles secretly provided by US to hit Russian-held areas, officials say
55825.04.2024, 10:00Patel: ''US welcomes the beginning of the process of delimitation of the border between Azerbaijan and Armenia''
32825.04.2024, 09:48