Following UK Prime Minister Liz Truss’s shock resignation on Thursday after just six weeks in office, the race is now on to find her successor, and it could happen by as early as next week. Truss, 47, announced she was stepping down in a lengthy speech outside the prime minister’s official residence at Number 10 Downing Street…
CDC Advisers Vote to Add COVID-19 Vax to Childhood Immunization Schedule; Liz Truss Resigns as UK PM | NTD Evening News
October 20, 2022
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Advisers to the U.S. Centers for Disease Control and Prevention on Oct. 20 recommended adding COVID-19 vaccines to the child and adolescent immunization schedules, despite the vaccines still being under emergency authorization for some children. Liz Truss, who became UK prime minister just six weeks ago, has resigned after a significant number of Conservative MPs…
Liz Truss Resigns as UK Prime Minister After Just 6 Weeks in Post
Liz Truss, who became UK prime minister just six weeks ago, has resigned after a significant number of Conservative MPs lost confidence in her leadership. She is set to become the shortest serving British prime minister in history after failing to stem an open revolt from her own MPs demanding her departure. Speaking in Downing…
UK Parliament Launches Probe Into Claims Senior Tories Bullied MPs in Fracking Vote
The House of Commons has launched an investigation into claims that ministers “bullied” Conservative MPs during Wednesday’s vote on fracking. Fracking is a sensitive issue for the Conservative Party. While Prime Minister Liz Truss supports fracking, many Tory MPs face strong opposition to the practice in their constituencies. While Labour’s motion to ban fracking was…
Truss Fights for Survival as Prime Minister After Her Economic Plan Ends in Ruins
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…
Financial Turmoil in Western Markets
October 17, 2022
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Commentary If you follow the markets, you have probably heard about the recent financial carnage in Great Britain and the forecasted doom in the United States. While the United Kingdom is a smaller country than the United States, generally speaking the United Kingdom has one of the most profound financial systems in the developed world….
UK Reverses Tax Cuts, Scales Back Energy Help to Calm Markets
October 17, 2022
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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…
Bank of England Governor Warns of Higher-Than-Expected Interest Rate Hike
Bank of England (BoE) Governor Andrew Bailey on Saturday suggested the central bank may set interest rates higher than previously expected next month. Giving a speech at the Group of Thirty’s annual International Banking Seminar in Washington, Bailey said the bank “will not hesitate to raise interest rates to meet the inflation target.” “And, as things…
Musk May End Ukraine Satellite Internet Aid, Truss U-turns On Tax, Ditches Minister | NTD Business
Elon Musk may end Ukraine’s Starlink internet service. The satellite network is vital to Ukraine’s defense against Russia. Disfunction in Britain. The Finance minister is sacked just two weeks after his tax cut plan caused chaos in the country’s financial system. Chinese police stations are opening up all around the world including in the United…
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