UK bond crisis: Bank of England dragged into PM Liz Truss’ fiscal mess
16 October 2022 | 5:25 am
The Bank of England has expanded its emergency purchases of government bonds to calm financial markets riled by a government plan to cut taxes. As a crucial deadline looms, everyone is asking: will it work?
A court in Pakistan granted temporary bail to former Prime Minister Imran Khan on charges of terrorism, shielding the ousted leader from arrest until September 1.
Sunak or Truss to be Britain's next PM
Following in her husband's footsteps, the wife of the former Malaysian prime minister has been found guilty of graft. Najib Razak has already begun his 12-year jail sentence.
Liz Truss on Monday won the backing of Conservative Party members to take over from Boris Johnson as the United Kingdom’s next prime minister.The foreign secretary fended off competition from her opponent, ex-finance chief Rishi Sunak, by securing the backing of 81,326 of the 172,437 of Conservative Party members who cast their vote in an election that closed Friday.
Boris Johnson is soon to leave Downing Street for the last time. According to a recent Ipsos survey, the British public rank him as the country's worst performing postwar leader. Johnson will be forever remembered as one of the men behind Brexit and as a PM who attended illegal parties at Downing Street during lockdown. But some Conservatives are already nostalgic for the leader they affectionately call "Boris". FRANCE 24's Julien Sauvaget and Clovis Casali report from across the UK on Johnson's divisive legacy.
We look at the front pages of the UK's main newspapers as Liz Truss takes over from Boris Johnson as British prime minister. Many of the Conservative-supporting papers focus on Truss's message that she will "deliver" as the country reels from a series of crises. One tabloid, the Daily Star, calls this the "end of an error", referring to Johnson's hapless hold on power. Another tabloid, the Labour-supporting Daily Mirror, dismisses Truss's leadership victory as just the "same old Tories".
A new Conservative prime minister has been picked in the UK, with Liz Truss gearing up to sift through the dispatch boxes and state papers. But her arrival at 10 Downing Street following Boris Johnson's resignation comes at a time of major strife in Britain, with a cost of living crisis having already sparked a summer of strikes.
She won over the Conservative Party faithful. Now can she win over the UK? Our panel discusses the challenges ahead for prime minister-in-waiting Liz Truss. The one-time Remainer played the hardline Brexiteer in a sometimes bitter Tory leadership campaign, often courting comparisons with Britain's first female PM, Margaret Thatcher.
It's Day One on the job for Britain's new prime minister, and as Russia squeezes natural gas exports, Liz Truss faces a wartime economy. And across the Channel, how to keep the light on? How to rein in inflation? As Europeans pool their energy purchases, tax windfall profits and collectively ease costs for consumers, will they include Britain and their now Brexiteer PM in that conversation?
Liz Truss has finally succeeded Boris Johnson as the become the United Kingdom's new prime minister, who resigned in July after a series of scandals. Truss, 47, defeated rival Rishi Sunak in the Conservative Party leadership contest, and she follows Margaret Thatcher and Theresa May as the third female British Premier Minister.
It's day one on the job for Britain's new prime minister and as Russia squeezes natural gas exports, Liz Truss faces a wartime economy. How to keep the lights on across the Channel? How to rein in inflation? As Europeans work to pool their energy purchases, tax windfall profits and collectively ease costs for consumers, will they include Britain and their now Brexiteer PM in that conversation?
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