U.K. reverses tax cut for wealthy after market turmoil – National | Globalnews.ca
British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets and a rebellion in her party. Finance minister Kwasi Kwarteng said the decision to scrap the top rate […]
U.K. PM Liz Truss faces busy week as politics returns to stage after queen’s funeral – National | Globalnews.ca
British politics returns to centre stage on Tuesday after the funeral of Queen Elizabeth, with Prime Minister Liz Truss signalling her priorities by flying to her first major summit and rushing out measures to try to avert an economic slump. Since the queen’s death on Sept. 8, politics — or at least the discussion of […]
Boris Johnson bids farewell to dramatic term as U.K. PM: ‘This is it, folks’ – National | Globalnews.ca
Boris Johnson’s term as British leader was a mix of high drama and low disgrace. But he left office Tuesday with a casual shrug of a farewell: “Well, this is it, folks.” The prime minister’s final speech outside 10 Downing Street, delivered before he offered his resignation to Queen Elizabeth II, was vintage Johnson — a […]