Friday, 9th December 2022
<To guardian.ng
Search

UK: Pound falls to historic low following tax cut announcement

By DW
27 September 2022   |   10:56 am
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.

Related

31 Jul
British military intelligence says Russian-occupied Kherson was "virtually cut off" as Ukrainian forces stage a counteroffensive helped by newly acquired long-range artillery capability.
1 Aug
From the 1970s into the 1990s, thousands of UK residents were infected with HIV and hepatitis C after receiving contaminated blood transfusions. Politicians are being called on to finally pay damages to victims.
1 Aug
The UK's Conservative Party has sent ballot papers to members in a vote to determine who becomes Britain's new prime minister. Some 160,000 people will have a say on who succeeds Boris Johnson as Tory leader.
3 Aug
Members of Scotland's ruling party have condemned a remark by the favorite to become next UK prime minister. Liz Truss said the best thing to do with Scottish First Minister Nicola Sturgeon was to "ignore her."
7 Aug
The Bank of England has warned that Britain is facing a recession as it hiked its benchmark interest rate by 0.5%.
7 Aug
Archie Battersbee, 12, was taken off life support after courts concurred with doctors who deemed him to be "brain-stem dead." He had been in a coma since early April.
18 Aug
Regulators in the UK are again the first in the world to provisionally approve a new COVID vaccine for use. The latest shot, from Moderna in the US, is supposed to offer protection against the Omicron variant as well.
26 Aug
Sources say the former envoy to Myanmar has been detained for violating immigration laws. Britain has expressed concern about the reported detention of Vicky Bowman, whose husband is a famous activist.
5 Sep
The UK is set to learn whether Liz Truss or Rishi Sunak will succeed Boris Johnson as the next prime minister. The new Conservative Party head faces a long and pricey to-do list, including the cost-of-living crisis.
5 Sep
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.
7 Sep
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.
8 Sep
People around the world and in Britain are mourning the death of Queen Elizabeth II, the U.K.'s longest-reigning monarch and one of the most enduring royal personalities the world has known. She died Thursday at the age of 96.