Tag: United Kingdom

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.
Wednesday, October 12th 2022 - 09:26 UTC
Charles III coronation on May 6, with a pared down list of guests

Buckingham Palace has announced that King Charles III will crowned at Westminster Abbery on Tuesday May 6, next year. The coronation will takeplace almost exactly 70 years after his late mother's coronation on June 2, 1953.
Wednesday, October 12th 2022 - 09:26 UTC
IMF anticipates recession in Germany and Italy next year and an almost halt for the UK economy

The International Monetary Fund (IMF) on Tuesday predicted that Germany and Italy would both fall into recession next year, while Great Britain the G7 best performing economy this year, will come to an almost halt in 2023, following on the announcement of the mini budget by the Liz Truss government.
Monday, October 10th 2022 - 09:49 UTC
UK National Grid warns of possible rotating three hour blackouts this winter

UK's National Grid has warned that rotating blackouts could happen this winter in the extreme case of gas shortages and reduced electricity imports from Europe. Households could experience a series of three-hour power cuts under this worst case scenario.
Saturday, October 8th 2022 - 10:47 UTC
UK representative challenges OAS Assembly to recognize Falklands right to self determination

The United Kingdom called on the Organization of American States (OAS) on Friday to “recognize the right to self-determination” of the Falklands/Malvinas islanders who had decided to remain citizens of a British Overseas Territories and members of the British Family, despite Argentina’s sovereignty claims.
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”.
Thursday, October 6th 2022 - 10:09 UTC
Liz Truss after long term gas provision deals with Norway and Qatar

The new government of Liz Truss is focusing in long-term gas deals with Norway, Qatar and other countries, as energy supply has become the priority of the United Kingdom and ensuring heating and lights this winter.
Thursday, October 6th 2022 - 09:11 UTC
Mortgage rates in UK on the rise, first time since 2014

Mortgage rates in the UK have been going up for months, but recorded a sharp increase in response to the fall-out from the mini-budget nearly two weeks ago. First-time buyers and those looking to remortgage are affected.
Tuesday, October 4th 2022 - 10:00 UTC
Foreign Secretary at Falklands 40tth anniversary reception at Birmingham

Great day for the Falkland Islands delegation at the Conservative Party conference in Birmingham with some four hundred plus people attending the 40th Anniversary reception, and as guest of honor and speaker, Foreign, Commonwealth and Development Secretary, James Cleverly.