The new chancellor Jeremy Hunt has said there “were mistakes” in Liz Truss and Kwasi Kwarteng’s mini-budget. Speaking to Sky News on Saturday, Mr Hunt said: “It was a mistake when we were going to be asking for difficult decisions across the board on tax and spending to cut the rate of tax paid by
Month: October 2022
A 15-year-old boy has been arrested on suspicion of killing five people in North Carolina and is in a critical condition in hospital, US police have said. The boy, who has not been named, is alleged to have fatally shot two people in the state’s capital city of Raleigh before opening fire on a walking
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT A worker delivers Amazon packages in San Francisco, California, US, on Wednesday, Oct. 5, 2022. Amazon’s Prime Early Access Sale is on through Oct. 12 to boost sales among cost-conscious consumers who are expected to start their holiday shopping even earlier this year. Bloomberg |
The prime minister is fighting for her political survival after ditching a major chunk of the mini-budget and sacking her chancellor and close ally Kwasi Kwarteng. But it is unclear whether Liz Truss’s gamble to stay in power will pay off, with financial markets remaining jittery and reports of a number of Tory MPs plotting to
So farewell, then, Trussonomics. The demise of the country’s second shortest-lived chancellor also brings with it the demise of the country’s shortest-lived economic movement. Liz Truss came into office promising to boost the country’s growth rate through a forensic combination of tax cuts, reforms to the country’s supply side (for which read: things like planning
Lucid Motors is rolling out its largest software update yet, introducing UX 2.0, which includes improvements throughout the entire vehicle – its flagship Air sedan. New features include “instant-on” glass cockpit and panel displays and the launch of Highway Assist. Check out the full list below. Lucid Motors ($LCID) is celebrating one year since it
Activists of “Just Stop Oil” glue their hands to the wall after throwing soup at a van Gogh’s painting “Sunflowers” at the National Gallery in London, Britain October 14, 2022. Just Stop Oil | Reuters LONDON — Two activists from campaign group Just Stop Oil were arrested Friday after throwing tomato soup on Vincent Van
The fourth long-duration astronaut team launched by SpaceX to the International Space Station (ISS) for NASA departed the orbiting outpost on Friday to begin their flight back to Earth, capping a science mission of nearly six months. The SpaceX Crew Dragon capsule carrying three US NASA astronauts and an Italian crewmate from the European Space Agency
Photo illustration of Bitfinex cryptocurrency exchange website. Dado Ruvic | Illustration | Reuters Cryptocurrencies continued to climb on Friday as investors sought to extend the previous day’s rally. Bitcoin was lower by less than 1% at $19,286.30, and ether gained almost 1% to trade at $1,299.40. Both assets are on pace for their fourth down
Donald Trump has responded to a congressional committee that wants to hear his evidence about the assault on the US Capitol building, but he hasn’t said whether he will appear. In a memo to members of the January 6 committee, he didn’t address their subpoena calling on him to give evidence before them. Rather, he
New images from the upcoming series of The Crown reveal the young actors playing Prince William and Prince Harry, alongside stars Dominic West and Elizabeth Debicki channelling Charles and Diana. Netflix temporarily halted filming of the fifth season of its lavish royal drama following the Queen‘s death and on the day of her funeral, but
Be in absolutely no doubt, the prime minister is in deep trouble. She has sacked her chancellor, committed a second major U-turn on her mini-budget, and junked the core of her economic policy. And she did so, awkwardly and uncomfortably, in no more than eight minutes. Government descends into chaos as PM faces battle to
Tory MPs appear to be divided over the future of Liz Truss as prime minister following her major U-turn announcement. Ms Truss reversed a key policy to scrap the planned rise in corporation tax from 19% to 25% after she sacked Kwasi Kwarteng as chancellor. Heated messages were shared in Conservative Party WhatsApp groups after
Vladimir Putin has said he has “no” regrets over the war in Ukraine and warned that any direct clash of NATO troops with Russia could lead to a “global catastrophe”. On Friday, the Russian president spoke at a news conference in the Kazakh capital, Astana, and also said that his country’s partial mobilisation will be
The Bank of England has purchased £19.3bn of UK government bonds and concluded part of its extraordinary intervention to prevent a collapse in the pensions industry. Just five days after the former chancellor unveiled his mini-budget on 23 September, the Bank took unprecedented action to purchase long-dated UK government bonds, known as gilts, that are
Liz Truss has said “I want to be honest, this is difficult” after sacking her chancellor and reversing key policies of her government’s growth plan. In a news conference shortly after dismissing Kwasi Kwarteng, Ms Truss said: “The way we deliver our mission has to change.” But she said the “mission remains” to deliver a
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