President Biden labels UK PM’s tax cuts a ‘mistake’ in rare criticism
21 October 2022 | 7:19 pm
The US president said he disagreed with Liz Truss' now-abandoned plan to fight inflation with tax cuts. The embattled UK leader is now scrambling to present a new budget with the help of her new finance minister.
Following the death of the much-loved Queen, what’s next for the future of the British monarchy and the British Commonwealth? We discuss what lies ahead with a French podcaster who produced a special series about Queen Elizabeth II’s seven decade reign.
French President Emmanuel Macron spoke with newly appointed British Prime Minister Liz Truss on the sidelines of the UN General Assembly, just a few weeks after Truss had raised eyebrows with comments about him.
The latest move by the Liz Truss' government aims to help London's financial sector, but many decry the new policy amid the cost-of-living crisis.
The British pound has fallen to its lowest level in decades against the US dollar, amid fears over runaway inflation and recession. The government has announced a drastic plan to cut taxes, claiming it will boost growth.
The Bank of England has warned that the UK economy may already be in recession, as it hikes interest rates for the seventh time to combat the spiralling pace of price rises. Inflation is still hovering nearly 40-year highs at just under 10 percent.
Russian conscripts are likely to be sent to Ukraine with minimal training and preparedness, UK intelligence has said. Russian ally Kazakhstan has refused to back "referendums" in eastern Ukraine. DW has the latest.
The currency took a beating from investors after the government announced plans to cut billions in tax revenues. The new Conservative Party government under Prime Minister Liz Truss has been in power for just 20 days.
There is a run on the pound and panic in the markets over the UK's biggest tax cut for the rich in half a century. New Prime minister Liz Truss taking the concept of 'going for broke' to a whole new level with an almighty gamble that the deficit will take care of itself once all the investment pours in.
The Bank of England has launched a £65 billion emergency bond-buying programme, in an effort to calm the markets and avert a financial crisis. The "unprecedented" support comes amid mounting criticism of the government's plan to slash taxes.
UK Prime Minister Liz Truss admits she "could have laid the ground better" for her plan to reduce taxes for the wealthy. Four weeks into the job, she faces scrutiny from her own party over her handling of the scandal.
Vladimir Putin poses with Moscow's four proxy leaders of eastern Ukraine provinces annexed this Friday in a ceremony at the Kremlin. For the Russian president, it is not mission accomplished but rather no going back in a war directed at Ukraine and the West.
Just ten days after presenting his controversial mini-budget, UK Finance Minister Kwasi Kwarteng has had to retract one of its key features. Those with annual incomes above £150,000 will not see their taxes cut in the end. The U-turn comes after days of market turmoil and political pressure.
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Moldova relies heavily on Russia and Ukraine for energy and has been badly hit by Russia's invasion of its eastern neighbor. In this interview, Moldovan PM Natalia Gavrilita explains the challenges her country faces.
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We look at shocking video footage of migrants being tasered or beaten by law enforcement in June at Melilla, a Spanish border post with Morocco. An investigation by several European newspaper sheds light on the violence, in which at least 23 asylum seekers were killed.
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At least eight monks including their chief abbots were found positive for methamphetamine during unannounced testing in Phetchabun province on November 28.