Commentary Following Rishi Sunak’s handshake with King Charles III at Buckingham Palace, the United Kingdom now has its third prime minister in just over three months, and there will be few celebrations. A survey released in the last days of the Truss administration gave Labour a vast 36-point lead, which is the highest ever recorded…
Rishi Sunak the New Prime Minister of the United Kingdom and Northern Ireland
Pound Rebounds, UK Borrowing Costs Drop as Sunak Becomes Prime Minister
The value of the pound has rallied back to its highest levels since before last month’s crash and the cost of UK government borrowing has decreased, as financial markets react to Rishi Sunak’s appointment as the new UK prime minister. Sterling lifted 1.9 percent higher to 1.149 against the U.S. dollar after the new prime…
New UK Prime Minister Rishi Sunak Vows to Fix Predecessor’s ‘Mistakes,’ Ensure Stability
Britain’s new Prime Minister Rishi Sunak has vowed to fix the “mistakes” by his predecessor Liz Truss and to rebuild economic stability and confidence. Sunak, 42, became the youngest prime minister for more than 200 years after being appointed by King Charles III at the Buckingham Palace on Oct. 25. Speaking on the steps of…
School Children See Largest Drop in Math Scores; China Stocks Fall After Xi Gets 3rd Term | NTD Business
Historic setbacks in academic progress during the pandemic. We take a look at the United States’ first report card since 2019. Rishi Sunak is officially the United Kingdom’s new prime minister. We explore his ties to China and how they may affect the country’s China policies. The market reacts to Xi Jinping getting a third…
Rishi Sunak to Become UK Prime Minister After Rivals Drop out of Race
Former Chancellor Rishi Sunak is set to become Britain’s next prime minister after both his rivals dropped out of the Conservative Party leadership race. Penny Mordaunt, leader of the House of Commons, wrote on Twitter minutes before nomination closed at 2 p.m. that she had decided to pull out and Sunak now had her “full…
Rishi Sunak Vows to Fix UK Economy as He Enters Race to Become Prime Minister
Former Chancellor Rishi Sunak has formally entered the race to become Conservative Party leader and UK prime minister, promising to fix the economy and unite the Tory party. Sunak, who lost to Liz Truss in the last Tory leadership contest just six weeks ago, is making a renewed bid for the top job following Truss’s…
Boris Johnson Could Make Comeback as UK PM Contest Becomes 3-Horse Race
Boris Johnson could make a bid to resume the role of prime minister as the Conservative Party faces its second leadership contest this year, following the resignation of Liz Truss on Thursday. He could potentially face former Chancellor of the Exchequer, Rishi Sunak, and ex-trade minister Penny Mordaunt in a vote by MPs on Monday. Johnson…
Banks and Corporations Feeding ‘False Narrative’ That Consumers Are Driving Cashless Society: Expert
September 21, 2022
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The author of a new book has warned of a “false narrative” being peddled by UK corporations and banks, and being supported by politicians, that the drive towards a cashless society is being driven by consumers and is an inevitable sign of technological progress. Brett Scott, a former finance industry worker who has written “Cloudmoney:…
Truss Meets New Cabinet After Rewarding Allies in Major Reshuffle
The UK’s new Prime Minister Liz Truss has held her first Cabinet meeting after a major government reshuffle, in which her close allies were rewarded with top Cabinet posts while supporters of her leadership rival Rishi Sunak were expelled. Truss became the UK’s third female prime minister on Tuesday after an audience with Queen Elizabeth…
Liz Truss Officially Becomes New UK Prime Minister
Liz Truss has officially become the new prime minister of the UK after meeting Queen Elizabeth at Balmoral Castle in Scotland. She has become the UK’s third female prime minister, and the 15th premier of the Queen’s 70 years on the throne. In a statement, Buckingham Palace said: “The Queen received in audience The Right…
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