Liz Truss’s victory in the Conservative party leadership contest prompted pride on Monday in her parliamentary constituency in eastern England, but fears remain as Britain faces the worst economic woes in decades.
Liz Truss who served as foreign secretary in the Boris Johnson cabinet has now been chosen by the Conservative Party to succeed Johnson as Britain’s prime minister. There was a tough battle between her and former Chancellor of Exchequer Rishi Sunak, and there was a clash in the programmes they offered.
"I look forward to deepening the special relationship between our countries and working in close cooperation on global challenges, including continued support for Ukraine as it defends itself against Russian aggression," Biden said in a tweet.
Britain’s surging inflation could slow if new Prime Minister Liz Truss helps households and businesses cope with rocketing energy costs, but it is too soon to say what that will mean for interest rates, the BoE’s chief economist said. The central bank has sped up its pace of increases in borrowing costs in a bid to limit the damage to
Boris Johnson’s legacy. Boris Johnson’s legacy. I have to confess that more than 20 minutes of thinking time have now passed between the typing of those two sentence fragments, and I’ve still got nothing. The only thing that really leaps out in the wake of his so-called farewell speech is needless death.
Truss is due to make a statement in the House of Commons and is expected to impose a cap on bills that are skyrocketing because of Russia’s invasion of Ukraine and the economic aftershocks of COVID-19 and Brexit.
Britain will cap consumer energy bills for two years and funnel billions to prop up power companies, its new leader Liz Truss said on Thursday in a bid to tackle an energy crisis
My first assumption about Liz Truss was that she would crash and burn as a candidate for the Conservative leadership. My second assumption was that she would crash and burn as prime minister. Matthew Parris, the lapsed-Tory columnist, tells me I should stick to my first and, indeed, second impressions. “Liz Truss is a
The result of the run-off between Foreign Secretary Truss and former finance minister Rishi Sunak will be announced at 12:30 pm on Monday, before the outgoing Johnson formally tenders his resignation to Queen Elizabeth II the next day.
Openly scornful of Liz Truss long before she became prime minister, the Kremlin is in no mood to grant a honeymoon period to Britain’s new leader. Among the many foreign politicians who flew to Moscow at the start of this year in an effort to head off an invasion of Ukraine, it was Truss who appeared to annoy Russia’s