Long Winter Ahead: Liz Truss faces energy crisis on day one
07 September 2022 | 2:57 pm
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?
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Truss answered questions both from the opposition and her own Conservative Party, after she reversed course on her controversial tax-cut plans.
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EU policymakers remain divided over how best to deal with the ongoing energy crisis. High prices are affecting households and businesses across the bloc, including Italy's storied textiles industry, as our correspondents report.
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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.
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Just 24 hours ago, UK Prime Minister Liz Truss shouted emphatically at a raucous House of Commons: "I'm a fighter, not a quitter!" And set herself up for one final U-Turn, writes DW's Zulfikar Abbany.
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Anger and disillusionment greeted the news that Liz Truss had tendered her resignation after less than two months as the UK's prime minister. With pressing policy issues piling up, the Tories seek to replace her quickly.
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With gas prices on the rise, many middle-class families have a serious problem. They're using gas for heating and cooking, and they don't know how to pay the bills in the coming months.
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The International Energy Agency is forecasting a peak for fossil fuel demand, and for global emissions as a result. It could come as early as 2025.
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Halfway through the COP27 UN climate summit in Egypt, the latest Climate Change Performance Index shows where countries stand in terms of climate protection measures. Right at the top: Denmark, Sweden and Chile.
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