UK’s shortest-serving PM Liz Truss blames economic ‘orthodoxy’ for downfall
LONDON (Reuters) – Former British prime minister Liz Truss blamed on Sunday the economic “orthodoxy” in the country’s finance ministry, other nations and in parts of the governing Conservative Party for derailing…
UK banks start cutting ‘Truss premium’ from mortgage rates, but slowly
By Iain Withers and Lawrence White LONDON (Reuters) – Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan prices, albeit slowly,…
Liz Truss quits after six chaotic weeks as UK prime minister
By Elizabeth Piper, Andrew MacAskill and Alistair Smout LONDON (Reuters) – Liz Truss quit on Thursday after the shortest, most chaotic tenure of any British prime minister, forced out after her economic…
UK’s Truss: ‘Sorry’ for the mistakes, but ‘I’m sticking around’
LONDON (Reuters) -Britain’s Prime Minister Liz Truss apologised for “mistakes” in her programme that caused investor confidence to evaporate and her poll ratings to plunge before nearly all of it was finally…
Marketmind: In Hunt we Truss
A look at the day ahead in European and global markets from Ankur Banerjee It didn’t take long for Britain’s newest finance minister Jeremy Hunt (that’s four finance ministers in four months…
UK PM Liz Truss is in charge, says her new finance minister
LONDON (Reuters) – British Prime Minister Liz Truss is in charge of the government, her newly appointed finance minister Jeremy Hunt said, rejecting the idea that the party should replace her after…
PM Truss has the confidence of the government – City Minister
LONDON (Reuters) – British Prime Minister Liz Truss has the confidence of the government, City Minister Andrew Griffith told Sky on Sunday. “Liz Truss has got the support of the government,” he…
Fighting for survival as UK PM, a chastened Truss changes course again
By Elizabeth Piper and Alistair Smout LONDON (Reuters) – It was a bruising meeting with her Conservative lawmakers this week that finally shook British Prime Minister Liz Truss’s earlier unwavering faith that…
UK’s Truss sacrifices close friend Kwarteng over unloved fiscal plan
By Alistair Smout and Elizabeth Piper LONDON (Reuters) – He was one of her closest friends and supporters, but Prime Minister Liz Truss sacked Britain’s first Black finance minister Kwasi Kwarteng just…
UK’s Truss to tell G7: stick by Ukraine in face of Russian attacks
LONDON (Reuters) – British Prime Minister Liz Truss on Tuesday will tell other Group of Seven leaders to remain steadfast in their support of Ukraine and request an urgent meeting of NATO…
UK senior ministers urge Conservatives to unite behind PM Truss
LONDON (Reuters) – Senior British ministers on Sunday urged their colleagues to unite behind Prime Minister Liz Truss, warning that infighting would hand power to the opposition Labour Party at an election…
Britain’s weakened Truss faces fight for credibility
By Elizabeth Piper, Andrew MacAskill and Alistair Smout BIRMINGHAM, England (Reuters) – British Prime Minister Liz Truss had hoped her governing Conservative Party’s annual conference would be her crowning glory, but instead…
UK’s Truss presses on with ‘controversial’ economic plan, says it’s the right course
LONDON (Reuters) -British Prime Minister Liz Truss defended her economic plan that has roiled financial markets, saying on Thursday she was willing to take “controversial” steps to reignite growth and would not…
Hedge funds mounted bearish UK bets as Truss became PM
By Nell Mackenzie LONDON (Reuters) – In the first half of September bets against sterling posted the biggest two-week rise since 2013, a sign that hedge funds may have ramped up short…
Biden and UK’s Truss agree on continued support for Ukraine -Truss’s office
LONDON (Reuters) -British Prime Minister Liz Truss and U.S. President Joe Biden agreed on Wednesday that Russian President Vladimir Putin’s actions highlight the need for allies to continue their economic and military…
Britain’s Truss faces whirlwind week as politics resumes after queen funeral
By Elizabeth Piper LONDON (Reuters) – British politics returns to centre stage on Tuesday after the funeral of Queen Elizabeth, with Prime Minister Liz Truss signalling her priorities by flying to her…
Seeking right tone, new UK PM Truss had to quickly change gear for queen
By Elizabeth Piper and Michael Holden LONDON (Reuters) – Just a week after Queen Elizabeth asked Liz Truss to form a government, Britain’s new prime minister is attending services of reflection across…
UK PM Truss: King Charles’s sense of duty and service is clear, even as he mourns
LONDON (Reuters) – King Charles maintains a clear sense of duty and service even as he mourns the death of his mother Queen Elizabeth, British Prime Minister Liz Truss said on Friday,…
King Charles to meet UK PM Truss mid-afternoon – PM’s spokesman
LONDON (Reuters) – King Charles will meet British Prime Minister Liz Truss on Friday afternoon, Truss’s spokesman told reporters. (Reporting by Alistair Smout, writing by William James; Editing by Kate Holton)…
Truss Pays Tribute To The Queen, Calls On Britons To Support ‘King Charles III’
Truss Pays Tribute To The Queen, Calls On Britons To Support ‘King Charles III’ Arjun Singh on September 8, 2022 British Prime Minister Liz Truss delivered an address marking the death of…
Analysis-UK heads for return to “trickle-down” economics under low-tax Truss
By William Schomberg LONDON (Reuters) – New British Prime Minister Liz Truss and her finance minister Kwasi Kwarteng look set to revive Margaret Thatcher’s 1980s experiment in “trickle-down” low-tax economics, the results…
New finance minister Kwarteng gives UK PM Truss key ally in economic storm
By Alistair Smout, Elizabeth Piper and Sinead Cruise LONDON (Reuters) – In Kwasi Kwarteng, Prime Minister Liz Truss has picked an ideological ally as Britain’s new finance minister, charging him with tackling…
UK bonds see biggest sell-off since March 2020 as Truss becomes PM
By David Milliken LONDON (Reuters) -Bond markets greeted the arrival of Liz Truss as Britain’s new prime minister with the sharpest sell-off of long-dated British government debt since the COVID-19 pandemic caused…
The pound, bonds and energy: the winners and losers under British PM Truss
LONDON (Reuters) – Liz Truss becomes Britain’s new prime minister on Tuesday, facing inflation at 40-year highs, the biggest squeeze on household living standards in decades and a looming recession. The newly…
Marketmind: In Thatcher’s vein, Truss is not for turning
A look at the day ahead in European and global markets from Tom Westbrook Liz Truss will see Queen Elizabeth at Balmoral Castle this morning to form her government. She does so…
Liz Truss Becomes The UK’s Next Prime Minister
Liz Truss Becomes The UK’s Next Prime Minister Micaela Burrow on September 5, 2022 Foreign Secretary Liz Truss received the most votes to become the United Kingdom’s next Conservative prime minister after…
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