UK Prime Minister Liz Truss announces resignation after failed budget
20 October 2022 | 12:59 pm
UK Prime Minister Liz Truss announced her resignation less than seven weeks after taking the position after her failed tax-cutting budget spurred market turmoil and led to a lack of confidence within her party. Truss was appointed prime minister on September 6.
Queen Elizabeth's eight grandchildren, including Prince William and Prince Harry, stood by her coffin as members of the public filed by to pay respects. Meanwhile, US President Joe Biden has arrived to the UK.
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.
Charismatic right-wing populist Giorgia Meloni is reaching for power in Italy, scoring points with simple messages and nationalist slogans. Her party’s fascist legacy has progressives worried.
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.
Saudi Arabia's King Salman bin Abdulaziz has named his son and heir Prince Mohammed bin Salman as the kingdom's prime minister and his second son Prince Khalid as defense minister in a Cabinet reshuffle.
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.
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