British Prime Minister Liz Truss is less than 40 days into her premiership.
British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal/Pool via REUTERSThe following is a timeline of her first six weeks in office:Truss is elected Conservative Party leader by the party's membership, winning 57% of the vote to succeed Boris Johnson as prime minister.SEPT. 6 - TRUSS OFFICIALLY BECOMES PMSEPT.
He is criticised for failing to publish growth and borrowing forecasts from the Office for Budget Responsibility government watchdog alongside the budget.The central bank says it will not hesitate to change interest rates and is monitoring markets "very closely", after the pound plunged to a record low and British bond prices collapsed in response to the new government's financial plans.
Truss fires Kwarteng and acknowledges her government's plans for had gone "further and faster" than investors were expecting. She also announces corporation tax will rise to 25%, reversing an earlier plan to freeze it at 19%, and says public spending will have to grow less rapidly than previously planned.Reporting by Kylie MacLellan; editing by Grant McCool
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Britain’s Prime Minister Liz Truss fires finance chief after less than 6 weeks on jobChancellor of the Exchequer Kwasi Kwarteng accepted Liz Truss’s request to “stand aside” following weeks of political and economic turmoil. “You have asked me to stand aside as your Chancellor. I have accepted,” Kwarteng wrote in his resignation letter.
Read more »
Labour 2.0: Why Keir Starmer could become the next British Prime Minister'Twenty-five years after a historic election victory under Tony Blair, Labour has rediscovered itself after years of internal trench warfare and is presenting itself as harmonious and ready to lead' Opinion | topfalk
Read more »
British Government Close to Collapse as Chancellor Fired After 38 Disastrous Days in OfficeOn Thursday, Kwasi Kwarteng was asked if, in a month’s time, he would still be in his job and Liz Truss would still be prime minister. “Absolutely, 100 percent,” Kwarteng answered. “I’m not going anywhere.” Less than a day later, he was gone.
Read more »
King Charles’ Cold Greeting to Brit Prime Minister Caught on Hot MicThe first weekly meeting between the U.K.’s new monarch and the new Tory leader began with a royal grumble.
Read more »
‘Radicalized teenager’ killed two outside Slovakia gay bar, prime minister saysA “radicalized teenager” shot dead two people outside a gay bar in Slovakia’s capital Bratislava, the country's prime minister says.
Read more »