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She has just fired her chancellor. My source tell me that she herself could face the boot. The plan by MPs is to have the former chancellor (and Goldman Sachs alumni) Rishi Sunak to stand unopposed for the leadership once she is removed. This will mean there wouldn't be a contest and he would effectively be installed as PM. Sunak was the overwhelming choice of the MPs while Truss was the choice of the party members. My source says this could happen within weeks... They would have to change the rules to do this and I'm told this isn't a...

LONDON — British Prime Minister Liz Truss has fired her finance minister, Kwasi Kwarteng, as she fights to hang on as prime minister after her budget crashed the markets. Truss will give a press conference later Friday, amid reports of another imminent U-turn on significant parts of her plan to cut taxes. Downing Street announced Jeremy Hunt, who has previously served as health secretary and foreign secretary, would replace Kwarteng as chancellor. Despite several attempts to calm the markets, including reversing a plan to cut tax for the highest earners and bringing forward a more detailed budget statement, Truss has...

(JNS) In Britain, it’s diplomatic Groundhog Day all over again. Prime Minister Liz Truss has said she wants to move the British embassy from Tel Aviv to Jerusalem. When former U.S. President Donald Trump similarly proposed moving the American embassy, liberals grabbed for the smelling salts. The outcome of such a move, they predicted, would be Armageddon. The entire Arab world would rise up in fury. The relocation of the embassy would utterly destroy the cause of peace. None of this occurred. Instead, the precise opposite took place. The embassy was moved in May 2018. In Sept. 2020, the historic...

This week President Joe Biden suffered another embarrassing blow after OPEC announced a decision to cut oil production just weeks before the 2022 midterm elections. The move was made despite Biden's trip to Saudi Arabia over the summer where he begged for an increase in production. He was ignored. Now, because of Biden's war on domestic oil production and moratoriums on drilling, American energy can't fill the gap and prices at the pump are set to hit new record levels. But while Biden grovels and fails to advance energy polices that benefit the American people, newly minted UK Prime Minister...

Liz Truss, the U.K.'s new prime minister, billed herself to the public as that, but the mess she's made of the British economy, which includes a cave-in on a proposed tax cut, is pretty much the opposite of What Thatcher Would Do. According to Fox News:The U.K. is canceling plans to impose a major tax cut for the nation's top tax bracket following widespread frustration and market chaos, U.K. Prime Minister Liz Truss announced Monday.Truss' plan had called for eliminating the U.K.'s highest tax bracket, resulting in major cut for citizens making more than $168,000 annually. Truss and her government...

It’s an incredible time to be a woman. No, really, it is. The UK has its third female prime minister, all from the Conservative Party. As Liz Truss remarked to Theresa May: “It is quite extraordinary, isn’t it, that there doesn’t seem to be the ability in the Labour Party to find a female leader?” The past week brought the exciting news that Italy has elected its first female prime minister. Giorgia Meloni, who was raised by a single mother in a working-class district of Rome, has been the leader of the Brothers of Italy political party since 2014, and...

Prime Minister Liz Truss has been on a media tour defending her tax-cutting ‘mini-budget’ amid fierce criticism from the left and central bankers. Truss, who is attempting to boost growth by, among other things, cutting green levies and, controversially, the top 45 per cent rate of income tax for earnings over £150,000 — rather than the 40 per cent rate of income tax on earning from £50,000 to £150,000, which impacts mainly on the squeezed middle class — has been accused of “undercutting” the country’s central bank, which is largely unaccountable to the government, by Mark Carney, its former governor.

Prime Minister is expected to lift the 40,000 cap on seasonal workers who can come to Britain for work Britain's Prime Minister Liz Truss is braced for her first Cabinet row as she looks to unfurl measures on Britain's post-Brexit immigration system. Just weeks after entering No 10 Downing Street, the new Conservative leader is tipped to expand the government shortage occupation list to help businesses attract overseas workers to fill vacancies. EU immigration plummeted after Britain voted to leave the bloc in 2016. The open borders policy that comes with membership was cited as a concern among many voters...

British Prime Minister Liz Truss is going big. Her Chancellor, Kwasi Kwarteng, has unveiled an aggressive program of permanent tax cuts. The Wall Street Journal likes the plan:Mr. Kwarteng axed the 2.5-percentage-point increase in the payroll tax imposed by former Prime Minister Boris Johnson, and canceled a planned increase in the corporate income tax rate to 26% from 19%. … Kwarteng also surprised by eliminating the 45% tax rate on incomes above £150,000. The top marginal rate now will be 40%.As a percentage of GDP, it shapes up as the biggest British tax cut since 1972. From the Telegraph:As you...

Prime Minister Yair Lapid met Wednesday on the sidelines of the United Nations General Assembly in New York with UK Prime Minister Liz Truss, who reportedly said she is considering moving the British embassy in Israel from Tel Aviv to Jerusalem. Lapid expressed “his deepest condolences, on his own behalf and on behalf of the people of Israel, on the passing of Her Majesty Queen Elizabeth II, ” congratulated Truss on taking office, and expressed “confidence that under their leadership, ties between Israel and the United Kingdom will reach new heights in various fields, in particular the economy, innovation and...

Despite the ongoing gas crisis, Liz Truss has promised that the United Kingdom will not ration energy over the coming winter months. Energy rationing will not come into effect in the United Kingdom over the coming winter, Liz Truss has promised, despite the significant supply shortages currently facing the country. While no doubt a relief for many private citizens and households in the country, Truss’ promise that ordinary Britons will also not be forced to pay above and beyond for the unrationed energy raises questions as to just how the newly minted Prime Minister expects to make it through the...

British Prime Minister Liz Truss on Thursday unveiled plans to freeze domestic energy bills for two years. Truss also lifted a moratorium on fracking in a bid to secure increased energy supply. The government said it would also review progress towards its target of net-zero carbon emissions by 2050. Truss became Britain's prime minister on Tuesday, replacing Boris Johnson. ===== SNIP ===== What is Truss' energy plan? Truss announced a cap on consumer energy bills for two years in a package that could cost around 150 billion pounds ($173 billion, €173 billion). The plan will be funded by government borrowing....

My brother and I loved to play with my father's sword. The fact that my mother was quite unworried by this tells you a lot about the world we then lived in. It was a real weapon, made by Messrs Wilkinson, a beautiful patterned blade and a very sharp point. But the thing which fascinated me about it most was the hilt, several ridges of rough grey sharkskin... Now, the Royal Navy to which my father belonged had by then given up the use of naked steel blades, though only just. As recently as February 1940 sailors from the Destroyer...

King Charles III was officially proclaimed Britain’s monarch Saturday in a pomp-filled ceremony steeped in ancient tradition and political symbolism — and, for the first time, broadcast live online and on air. Scores of senior British politicians past and present, including new Prime Minister Liz Truss and five of her predecessors, gathered in the ornate state apartments at St. James’s Palace for the meeting of the Accession Council. They met without Charles, officially confirming his title, King Charles III. The king then joined them, vowing to follow his mother’s “inspiring example” as he took on the duties of monarch. The...

Mary Elizabeth Truss has been elected prime minister of the United Kingdom, the third woman to rise to the government post, following Theresa May and Margaret Thatcher who were also members of the Conservative and Unionist Party. Truss was elected leader of the ruling Conservative Party on Monday, defeating Rishi Sunak, a former chief secretary of the Treasury and chancellor of the Exchequer, by 57.4% to 42.6%. The 47-year-old Truss, who championed tax cuts and opposed "woke" identity politics, will be succeeding Prime Minister Boris Johnson, who is leaving office following a series of controversies, including what has been dubbed...

MANY OF LIZ TRUSS' supporters have tipped the newly appointed Prime Minister to be out of No 10 by February, according to Fraser Nelson, a political journalist.We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Liz Truss met with the Queen at Balmoral, Scotland, on Tuesday to officially become the UK’s Prime Minister. After beating Rishi Sunak in the final stage of the Tory leadership contest, Ms Truss...

The new British Prime Minister Liz Truss on Tuesday selected a cabinet where, for the first time, a white man will not hold one of the country's four most important ministerial positions. Truss appointed Kwasi Kwarteng – whose parents came from Ghana in the 1960s – as Britain's first Black finance minister while James Cleverly is the first Black foreign minister. Cleverly, whose mother hails from Sierra Leone and whose father is white, has in the past spoken about being bullied as a mixed-race child and has said the party needs to do more to attract Black voters. Suella Braverman,...

Klaus Arminius @Klaus_Arminius 🇬🇧#UK Prime Minister candidate, Liz Truss, has vowed not to appoint Native British men in her cabinet.

British Foreign Secretary Liz Truss is the bookmakers' favorite to become the next prime minister of the United Kingdom, but the Kremlin is unlikely to be betting on a different British approach to relations with Moscow, or the war in Ukraine, should she take over from incumbent Boris Johnson. Although enjoying less support among fellow Conservative Party MPs, Truss's greater popularity among grassroots Tories than Chancellor Rishi Sunak in the final run-off has seen Betfair put her odds-on 4/6 to win. If successful, she will be the face of the British response to the war in Ukraine during which she...

New United Kingdom Prime Minister Liz Truss is likely to take a more forceful approach to British foreign policy — including with the U.S. — at a time of major geopolitical upheaval, experts tell Fox News Digital. New United Kingdom Prime Minister Liz Truss is likely to take a more forceful approach to British foreign policy — including with the U.S. — at a time of major geopolitical upheaval, experts tell Fox News Digital.