Liz Truss

UK Government debt outlook is cut from ‘stable’ to ‘NEGATIVE’

A top US credit rating agency has lowered its outlook for British government debt from ‘stable’ to ‘negative’ amid the fallout from Prime Minister Liz Truss’s mini-budget fiasco. The firm Fitch announced its decision on Wednesday, warning that Chancellor Kwasi Kwarteng’s ‘unfunded fiscal package’ could lead to ‘significant increase in fiscal deficits over the medium …

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Cabinet minister urges Liz Truss to let King Charles attend Cop27 summit

A Cabinet minister has urged Liz Truss to let King Charles attend the Cop27 summit in Egypt next month after the Prime Minister reportedly advised the monarch against going to the climate change conference. The under-fire Conservative leader has come under mounting pressure to say if she will visit the climate talks after it emerged …

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Give Truss time to take on the Anti-Growth Coalition

Liz Truss’s first Tory conference speech as Prime Minister contained most of the elements one might have expected and hoped for. She was focused on growth. She emphasized the importance of delivery and of “Getting Britain Moving”. She acknowledged the considerable challenges our economy faces at present but she declared herself undeterred in seeking to …

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It’s Yom Kippur – so here are my sincere promises to Her Upstairs

Y ou’ve probably noticed quite a lot’s been going on since my last column (it was roughly a hundred years ago, back in early September): Liz Truss became PM and the Queen died, there have been natural disasters and ongoing wars and it seems like our economy’s dissolving like an overdunked biscuit. Frankly, it’s all …

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Tory Party conference latest LIVE: Kwasi Kwarteng makes humiliating U-turn on 45p top tax rate

However speaking in Birmingham he defended the Government’s measures aimed at growing the economy. The Chancellor told the Conservative Party conference: “I can be frank. I know the plan put forward only 10 days ago has caused a little turbulence. “I get it. I get it. We are listening and have listened, and now I …

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UK’s Kwarteng scraps tax cut after market meltdown – POLITICAL

Press play to listen to this article UK Chancellor Kwasi Kwarteng has junked his plan to cut taxes for high earners after a backlash from financial markets and Conservative Party colleagues that plunged his country into economic crisis. “We get it, and we have listened,” Kwarteng said as he announced the dramatic U-turn on Twitter …

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UK scraps tax cut for wealthy that sparked market turmoil

BIRMINGHAM, England (AP) – The British government on Monday dropped plans to cut income tax for top earners, part of a package of unfunded cuts unveiled only days ago that sparked turmoil on financial markets and sent the pound to record lows. In a dramatic about-face, Treasury chief Kwasi Kwarteng abandoned plans to scrap the …

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India plays hardball on UK trade deal as Liz Truss scrambles for a win – POLITICAL

Press play to listen to this article LONDON – India is driving a hard bargain as Britain’s crisis-hit government tries to get a coveted trade deal over the line within weeks. Prime Minister Liz Truss, whose fledgling administration could do with a break amid market turmoil and plunging poll ratings, has ordered her trade chief …

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