Britain's Conservative government pushes tax cuts in hopes of bolstering electoral chances
Britainโs Conservative government has sought to regain the political initiative with a series of tax cuts for businesses and individuals that it hopes will boost its chances in a national election next year that opinion polls suggest it will lose.
Former British Prime Minister Liz Truss has a book coming out next spring
Former British Prime Minister Liz Truss has a book coming out next spring, in which she will reflect on her years in government, offer advice for future leaders and recall lessons she learned while often being โthe only conservative in the room.โ.
The UK's governing Conservatives are braced for a drubbing from voters in 3 special elections
Voters are going to the polls in three electoral districts of England, with the governing Conservative Party braced for a drubbing over a cost-of-living crisis and a morale-sapping string of political scandals.
UK push to restore finances means higher taxes, energy bills
Millions of people across Britain are facing higher taxes and energy bills after the government announced an emergency budget focused on restoring the countryโs financial credibility and bolstering an economy battered by soaring inflation.
UK Treasury chief in position of power as PM Truss struggles
As British Prime Minister Liz Truss struggles to retain her authority, one man is seen to be in the real position of power to restore order and credibility to the Conservative government and limit the damage caused by Trussโ economic plans.
New UK Treasury chief: Mistakes were made, tax rises coming
Britainโs new Treasury chief has acknowledged mistakes made by his predecessor and suggested that he may reverse much of Conservative Prime Minister Liz Trussโ tax-cutting plans, in order to bring stability to the country after weeks of economic and political turbulence.
UK Treasury chief to bring forward fiscal plan publication
Britainโs Treasury chief says he will bring forward the publication of the governmentโs full fiscal statement after facing widespread criticism for not providing details about a multibillion-pound, tax-cutting stimulus package he announced last month.
UK still backs Rwanda deportations despite legal challenge
Britainโs immigration minister says people who arrive by unauthorized means should not be allowed to claim asylum in the U.K. Home Secretary Suella Braverman vowed to press on with a contentious plan to send some arriving asylum-seekers on a one-way trip to Rwanda.
Bank of England fails to reassure markets after pound plunge
The Bank of England has sought to reassure financial markets after the British pound touched an all-time low against the U.S. dollar, but its entreaty has fallen flat for investors concerned about the government's sweeping package of tax cuts.