Tag: Liz Truss

Thursday, March 16th 2023 - 06:40 UTC
UK Corporation Tax rate will increase from 19% to 25%; investments deductable

Corporation Tax, paid on UK company profits, will rise next month, chancellor Jeremy Hunt has confirmed to Parliament. It will go up from 19% to 25% for companies with over £250,000 in profits, Mr. Hunt told the Commons.
Tuesday, December 6th 2022 - 08:00 UTC
Rishi Sunak’s daunting challenge, standing up to far right extremists

By Chris Patten - The United Kingdom’s new prime minister has inherited a mountain of economic problems, including runaway inflation and a shrinking GDP. To fix his predecessors’ blunders and avoid a humiliating electoral defeat, he must stand up to his party’s far-right extremists.
Tuesday, October 25th 2022 - 18:05 UTC
Sunak sworn in as British PM by King Charles III

British Conservative Party leader Rishi Sunak has been sworn in as the new Prime Minister by King Charles III following Liz Truss' departure after merely 49 days in office.
Monday, October 24th 2022 - 14:22 UTC
Rishi Sunak to be Prime Minister of the United Kingdom

Rishi Sunak, the grandson of Indian immigrants, was nominated Monday by the British Conservative Party to replace Liz Truss as its leader and next prime minister, as his rival, Leader of the House of Commons Penny Mordaunt, failed to win enough support to run.
Saturday, October 22nd 2022 - 10:20 UTC
Gloomy picture of UK economy: Sterling KO, retail sales down and government borrowing increasing

Pound sterling trading ended on Friday at US$ 1.12, after rallying on Thursday following the announcement of Prime Minister Liz Truss Thursday resignation. However new figures showed a gloomy picture of the UK economy.
Friday, October 21st 2022 - 10:55 UTC
Five candidates to replace PM Liz Truss, “fighter turned a quitter”; chaos among Conservatives

Liz Truss announced on Thursday she will resign, which means there will now be another leadership election to decide who becomes the next Conservative leader and prime minister. The contest to replace “the lettuce” as some London media identifies Ms Truss sis expected to be completed by the end of next week.
Thursday, October 20th 2022 - 21:41 UTC
Tories scratching their heads in search of a replacement for resigning PM Truss

Liz Truss Thursday became the British Prime Minister with the shortest-ever time in office after submitting her resignation, although she managed to serve under two different monarchs.
Tuesday, October 18th 2022 - 09:55 UTC
Stability, confidence the priorities, and hard times ahead said Chancellor Hunt in a momentous U-turn speech

Financial markets reacted positively Monday after the United Kingdom's new Chancellor of the Exchequer scrapped Prime Minister Liz Truss' tax-cutting economic stimulus package. Jeremy Hunt, who was appointed to the role only on Friday, said the unfunded tax measures had been eliminated and underlined that stability, confidence and helping the most vulnerable, were now the government's goals and number one focus.
Saturday, October 15th 2022 - 06:17 UTC
PM Truss U-turn on tax cuts, names new Chancellor, to avoid her own sacking

After only turbulent 38 days and a quick return from Washington, Britain's Chancellor of the Exchequer on Friday was fired and a former foreign minister Jeremy Hunt was appointed to replace him.
Friday, October 7th 2022 - 10:24 UTC
Liz Truss' Conservative party conference speech

By Paula Keavenney (*) – The stakes could not have been higher as Liz Truss delivered her first party conference speech as prime minister. Against a backdrop of economic chaos, open party warfare and polling that shows she’s on course for a spectacular election loss, Truss insisted she was “determined to get us through the tempest”.