CNN — Protesters from the environmental group Greenpeace were ejected from the Conservative Party conference on Wednesday after disrupting British Prime Minister Liz Truss’s first speech as leader. Two female activists held up a flag that read “Who voted for this?” before they were escorted
Chancellor Kwasi Kwarteng and Prime Minister Liz Truss faced a backlash over proposed tax cuts. LondonCNN Business — The British government has announced it will reverse plans to scrap the highest rate of income tax, following a major backlash to its
Trains in Britain all but ground to a halt Saturday as coordinated strikes by rail workers added to a week of turmoil caused by soaring energy prices and unfunded tax cuts that roiled financial markets. Only about 11% of train services were
Will British Prime Minister Liz Truss and the Chancellor of the Exchequer Kwasi Kwarteng be able to turn things around for the Conservatives? Liz Truss’ first full week as British Prime Minister has not been an easy one. It began
LONDON, Oct 1 (Reuters) – Britain faces its largest rail strike in decades on Saturday as tens of thousands of workers across three trade unions walk out in disputes over pay and job security, shutting down most of the nation’s
European Commissioner for Energy Kadri Simson speaks with the media in Brussels on September 30, 2022. © Virginia Mayo, AP The decision, announced by the Czech Republic in its role holding the EU presidency, aims to mitigate energy costs sent soaring by Russia‘s war
A package of tax cuts announced by the government last week caused the pound to plunge against the dollar and U.K. government bond yields to soar. Truss told the BBC she was prepared to take “controversial and difficult decisions” to
The International Monetary Fund has openly criticised the UK government over its plan for tax cuts, warning that the measures are likely to fuel the cost-of-living crisis. In an unusually outspoken statement, the IMF said the proposal would be likely
Sterling was sent into a freefall after hitting 37-year lows against the dollar in recent weeks. It ended Friday down nearly 3.6% against the greenback. On the week it lost 5% and is now down 27% since just before the
Britain’s Prime Minister Liz Truss (L) and Britain’s Chancellor of the Exchequer Kwasi Kwarteng (R) chat during a visit to Berkeley Modular, in Northfleet, in south-east England on September 23, 2022. The UK’s new government has unveiled multi-billion-pound measures aimed