UK Prime Minister Liz Truss is fighting for her political survival as MPs from her own party turn against her following the catastrophic consequences caused by her economic plan. Truss became prime minister on Sept. 5, but her position has been seriously weakened after her “mini-budget,” which included £45 billion ($50 billion) of unfunded tax…
Truss Fights for Survival as Prime Minister After Her Economic Plan Ends in Ruins
UK Reverses Tax Cuts, Scales Back Energy Help to Calm Markets
October 17, 2022
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Business & Marketseconomic policieseconomyenergyJeremy HuntKwasi Kwartengliz trussMarketstax cutsUKWorld
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Britain’s new Chancellor of the Exchequer Jeremy Hunt has reversed the tax cuts promised by his predecessor and scaled back support for household energy bills in an attempt to restore financial stability following weeks of market turmoil. Hunt was brought in only last Friday to boost the UK government’s fiscal credibility after former Chancellor Kwasi…
UK Conservative MPs Warned Against Trying to Oust Truss as Prime Minister
Britain’s new Chancellor of the Exchequer Jeremy Hunt has warned his Conservative colleagues against trying to oust Prime Minister Liz Truss from office. Truss became prime minister on Sept. 5. But her position has been weakened after her “mini-budget,” which included £45 billion of unfunded tax cuts, spooked the financial markets, causing the pound to…
UK’s New Chancellor Jeremy Hunt Signals Tax Rises and Spending Cuts
The UK’s Treasury department will make some “very difficult decisions ahead,” new Chancellor of the Exchequer Jeremy Hunt said on Saturday as he alluded to tax rises and spending cuts. In this first interview as the chancellor following the dramatic sacking of his predecessor Kwasi Kwarteng, Hunt said he would demonstrate the government’s fiscal credibility…
Liz Truss Performs U-Turn on Corporation Tax and Promises to Lead UK ‘Through the Storm’
Prime Minister Liz Truss has scrapped a key part of the mini-budget Kwasi Kwarteng produced last month—reversing the cut to corporation tax—and has defended her decision to replace him as Chancellor of the Exchequer with Jeremy Hunt. She said she had decided to keep corporation tax at 25 percent, rather than cut it to 19 percent…
3 More Candidates Join Race to Replace Johnson as UK Prime Minister
Three more candidates—Jeremy Hunt, Sajid Javid, and Penny Mordaunt—have joined the race to replace Boris Johnson as leader of the Conservative Party, meaning nine Tory MPs have now put themselves forward to become the next prime minister. Declaring their candidacies in The Telegraph, Hunt billed himself as the most “experienced” hand in the leadership contest…
Who Could Replace Boris Johnson as UK Prime Minister?
July 7, 2022
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Ben WallaceBoris JohnsonJeremy Huntliz trussMichael GoveNadhim Zahawi.Rishi Sunaksajid javidTom TugendhatUKWorld
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Boris Johnson has announced his resignation as leader of the UK’s ruling Conservative Party. There will now begin a leadership contest for a new Conservative leader, who will become Britain’s next prime minister. Here are some of the potential frontrunners to replace Johnson as prime minister. Rishi Sunak Rishi Sunak served as chancellor of the…
Chris West Wins Georgia 2nd Congressional District GOP Runoff
Attorney and Georgia Air National Guard officer Chris West defeated heavily funded West Point graduate and former Army captain Jeremy Hunt in Georgia’s 2nd Congressional District GOP runoff on June 21. With 94 percent of the votes reported at 10:30 p.m. ET on Tuesday, West accumulated 51.3 percent of the vote followed by Hunt at 48.7 percent,…
UK Prime Minister Johnson Survives Confidence Vote to Hold Onto Premiership
British Prime Minister Boris Johnson has survived a vote of confidence within the ruling Conservative Party, with 211 MPs backing him and 148 wanting him to step down. If more than half of the party MPs had voted against him, he would have been forced to step down as party leader, and thus to also…
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