World Oct 17 New UK Treasury chief reverses controversial economic plan Chancellor of the Exchequer Jeremy Hunt, said he was scrapping “almost all” of Truss' tax cuts, along with her flagship energy policy and her promise — repeated just last week — that there will be no public spending cuts.
World Oct 16 British Prime Minister Liz Truss goes from triumph to trouble in six weeks on the job In just six weeks, the prime minister’s libertarian economic policies have triggered a financial crisis, emergency central bank intervention, multiple U-turns and the firing of her Treasury chief.
World Oct 14 UK names fourth treasury chief in a year amid economic turmoil Prime Minister Liz Truss appointed former Cabinet minister Jeremy Hunt to the post — the fourth Treasury chief in the U.K. this year.
World Oct 13 Despite economic turmoil, UK Treasury chief says tax-cutting plan stays Britain's Treasury chief has rejected suggestions that the Conservative government would reverse course on economic plans that have roiled financial markets.
World Oct 11 UK cyber-intelligence chief says China’s growing power is a top security issue Jeremy Fleming, director of GCHQ, said that despite war raging in Europe since Russia's invasion of Ukraine, Beijing’s growing power is the "national security issue that will define our future.”…
Arts Oct 05 WATCH: Annie Ernaux, French author of deeply personal works, wins Nobel Prize in literature Ernaux has mined her own biography to explore life in France since the 1940s, illuminating murky corners of memory, family and society.
World Oct 04 UK still backs Rwandan asylum-seeker deportations despite legal challenge Britain's immigration minister says people who arrive by unauthorized means should not be allowed to claim asylum in the U.K.
World Oct 03 UK scraps tax cut for wealthy that sparked market turmoil The British government has dropped plans to cut income tax for top earners. The move was part of a package of unfunded cuts that sparked turmoil on financial markets and sent the pound to record lows.
World Sep 29 UK’s Prime Minister Liz Truss defends economic plan that sent pound tumbling British Prime Minister Liz Truss has defended her economic plan that roiled financial markets, saying she's willing to make "difficult decisions" to get the economy growing.
Economy Sep 28 Bank of England intervenes in market to halt economic crisis The move Wednesday comes after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the cost of government debt soaring.