Cabinet reshuffle: Kwasi Kwarteng named chancellor as Truss picks top team September 7, 2022 Liz Truss has made close ally Kwasi Kwarteng her new chancellor as the Prime Minister picks her top team. Therese Coffey has also been appointed health secretary and deputy Prime Minister, while James Cleverly is now foreign secretary and Suella Braverman is home secretary. Jacob Rees-Mogg has also been given a large promotion to business [...]
Liz Truss says UK can ‘ride out the storm’ in first speech outside Number 10 September 6, 2022 Liz Truss has vowed that Britain can “ride out the storm” it is facing during her first speech outside Number 10 Downing Street. The former foreign secretary was greeted by warm applause as she arrived at Number 10 for the first time as Prime Minister, and said she would outline her energy support package later [...]
Senior Labour MP calls on government to give £2.5bn from Chelsea sale to Ukraine September 6, 2022 A senior Labour MP has hit out at the government for its delay in handing over billions of pounds to Ukraine, after the sale of Chelsea FC in May. Around £2.5bn made from the sale of the Premier League club still sits in the frozen Barclays bank account of ex-Chelsea owner, and sanctioned Russian oligarch, [...]
Liz Truss is the UK’s new Prime Minister after meeting with the Queen September 6, 2022 Liz Truss is the UK’s new Prime Minister after being asked to form government by the Queen in Balmoral this afternoon. Truss is now on her way back to London to deliver her maiden speech as Prime Minister outside Number 10. A Buckingham Palace spokesperson said: “The Queen received in audience The Right Honourable Elizabeth [...]
Liz Truss set to outline £40bn package to help businesses with energy bills September 6, 2022 Liz Truss is reportedly set to outline a £40bn support package for businesses struggling with soaring energy bills in the coming weeks. The incoming Prime Minister is mulling over two options – setting a fixed energy price for businesses or a flat percentage discount that energy suppliers must offer to companies. Bloomberg reports that the [...]
Truss urged by City to keep bank tax cut to boost competitiveness September 5, 2022 Liz Truss has been urged by City figures to slash taxes on banks amid speculation the incoming Prime Minister could lighten the tax burden for UK firms. Ex-chancellor Rishi Sunak last year announced a cut in the UK bank surcharge on profits from 8 to 3 per cent to offset the effect of a planned [...]
Liz Truss to become Britain’s next Prime Minister after winning Tory leadership race September 5, 2022 Liz Truss will be crowned as the UK’s new Prime Minister tomorrow, after winning the Conservative party leadership contest. Truss today beat out rival Rishi Sunak at the end of the two-month contest and will be appointed as Prime Minister by the Queen tomorrow in Balmoral. Truss won just over 57 per cent of the [...]
Truss appears to soften Bank of England independence stance September 4, 2022 Liz Truss appeared to soften her stance on the Bank of England’s level of independence today as the Tory party prepares to crown a new leader and Prime Minister. Truss, the presumptive next Prime Minister, said she was a “great believer” in the Bank of England’s independence and that she would not “countermand to the [...]
UK parliament resumes with overflowing in-tray for the government September 4, 2022 Parliament will return tomorrow from a six-week summer recess with the government facing a series of crises and a busy legislative agenda. Liz Truss or Rishi Sunak will be sworn in as Prime Minister on Tuesday, after tomorrow’s Tory leadership announcement, with the eventual winner expected to bring forward a cost of living support package [...]
Senior Tory David Davis urges Truss to not pack cabinet only with loyalists September 4, 2022 Liz Truss must install a cabinet of people from across her party’s factions to avoid Boris Johnson’s mistakes in office, senior Tory MP David Davis has said. The former Conservative cabinet minister said he was “slightly worried” the presumptive next PM will not reunite the party after a bruising leadership contest and will instead pack [...]
