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☆ Historic film gives inside look at King Charles’ coronation one year ago
▼ + stars: | 2024-05-03 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +3 min

Editor’s Note: This is a version of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. London CNN —King Charles III was presented with the historic document that officially records his accession and crowning on Wednesday, as the one-year anniversary of his coronation next week draws closer. Charles became the British monarch on the death of his mother, Queen Elizabeth II, on September 8, 2022. His coronation was held eight months later on May 6, 2023 in an event unlike anything the nation had seen in seven decades. “Having it on the websites, it makes it more interesting for people,” the King remarked, according to PA Media.

Persons: London CNN — King Charles III, Charles, Queen Elizabeth II, Buckingham, King, Queen Camilla, Antonia Romeo, Charles ’, Edward II, Queen Isabella, ” Charles, Timothy Noad, Aaron Chown, Stephanie von Werthern, Gill, Camilla, Penny Mordaunt, Earl Marshal, Duke, Oliver Dowden, Queen Victoria Organizations: CNN’s Royal, London CNN, Westminster Abbey, Press Association, UK’s, Media, PA Media Locations: London, British, Westminster, Bookbinders, United Kingdom, Norfolk

☆ Britain’s King Charles seen back at work for first time since cancer diagnosis
▼ + stars: | 2024-02-21 | by ( Sophie Tanno | ) edition.cnn.com time to read: +2 min

CNN —King Charles III has been seen back at work for the first time since revealing his cancer diagnosis. The monarch was filmed shaking hands with British Prime Minister Rishi Sunak as he arrived at Buckingham Palace on Wednesday afternoon. Though the King has stopped carrying out public engagements while he undergoes his cancer treatment, he is continuing with his duties as head of state. Prostate cancer has been ruled out to CNN by a royal source, who did not provide any further detail. Prince William, Charles’ son and the heir to the throne, and Queen Camilla are expected to take on more public engagements to account for Charles’ absence.

Persons: King Charles III, Rishi Sunak, King, Charles, Sunak, “, ” Sunak, “ I’ve, ”, Penny Mordaunt, Prince William, Charles ’, Queen Camilla, Mary Magdalene’s Organizations: CNN, British, Media, PA Media, Buckingham, Mary Locations: Buckingham, London, Sandringham, England

☆ At Charles’s Coronation, Everything Olde Was New Again
▼ + stars: | 2023-05-07 | by ( Sarah Lyall | ) www.nytimes.com time to read: +1 min

The coronation of King Charles III was billed as a chance to usher in a new kind of monarchy — slimmer, more accessible and more inclusive — for the 21st century. Though Saturday’s ceremony had its share of modern flourishes, it was hard to escape the sense that they were mostly tweaks to an ancient ritual which, like the monarchy itself, can’t escape the heavy burdens of the past. As it happened, the coronation was a huge success by most measures. King Charles looked burdened, and then relieved, by the responsibility of it all; Queen Camilla looked radiant. “The Penny is mightier than the sword,” Chris Bryant, a Labour member of Parliament, tweeted.)

London CNN —The coronation of King Charles III on Saturday was a historic day, jam-packed with events – some planned, others not. The crowning eventCharles was hidden from view for the most dramatic part of the service at London’s Westminster Abbey on Saturday. King Charles III sits as he receives The St Edward's Crown during the coronation ceremony at Westminster Abbey, London, Saturday, May 6, 2023. Lady in bluePenny Mordaunt leads King Charles III during his coronation ceremony in Westminster Abbey. Queen Camilla and King Charles III arrive for their coronation at Westminster Abbey.

☆ 'Unloved, undervalued' UK stocks back in focus on Rishi Sunak stability hopes
▼ + stars: | 2022-10-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Britain's new Prime Minister Rishi Sunak walks past Larry the cat outside Downing Street, in London, Britain, October 25, 2022. "The fact that we have Rishi Sunak as prime minister is definitely calming on markets. We believe that it is under owned, it's unloved, undervalued, and there is some upside from here." Sunak in his inaugural speech outside Downing Street on Tuesday stressed the importance of "economic stability and confidence" while warning of "difficult decisions to come." Central to the potential stability narrative, as far as U.K. markets are concerned, is the assumption that the central bank will now be less aggressive in raising interest rates.

☆ UK's Rishi Sunak inherits in-tray of anarchy as he takes over as PM of country in crisis
▼ + stars: | 2022-10-25 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Rishi Sunak has been named as the U.K.'s new prime minister and the country's first leader of color. Sunak's officiation is momentous not least in that it marks Downing Street's first prime minister of color and the U.K.'s youngest leader of modern times. Uniting a divided Conservative PartySunak's task as prime minister is further complicated by deep and severe divisions within the ruling Conservative Party. Rishi Sunak is tasked with a daunting in-tray as the U.K.'s new prime minister, including a crisis in public finances, political infighting and soaring energy bills. Chris Mcgrath | Getty Images News | Getty Images

We now have our third Tory prime minister in seven weeks — Rishi Sunak, a former finance minister. But perhaps one of the most head-scratching moments of this whole ordeal was how Boris Johnson’s supporters were pushing for him to make a comeback following Liz Truss’ disastrous 44 days as prime minister. He won by default without the vote being decided online by all Conservative Party members, as planned. Of course, limiting the decision of a new prime minister to the members of one party alone is undemocratic. That just scratches the surface of the damage he did as prime minister.

☆ Fact Check-Social media users misinterpret graphic on Penny Mordaunt’s social media accounts
▼ + stars: | 2022-10-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Social media users have misinterpreted a graphic posted on Penny Mordaunt’s social media accounts about the Conservative MP being “most trusted (to provide) a fresh start” for her party when compared to Rishi Sunak. A graph shared by Mordaunt states that 57% of people trust her to provide the Tories with a fresh start, whereas 44% trust Rishi Sunak with the same (here and here). One was: “Do you think Rishi Sunak would represent a fresh start?”, to which 44% replied “yes”, 45% said “no”, and 11% responded “don’t know”. The other was: “Do you think Penny Mordaunt would represent a fresh start?”, to which 57% replied “yes”, 28% said “no”, and 15% responded “don’t know”. The graphic posted on Penny Mordaunt’s social media accounts is based on two different questions.

LONDON, Oct 24 (Reuters) - Investors welcomed Rishi Sunak as Britain's new prime minister on Monday, but they're likely to give him little leeway to diverge from spending restraint and tax rises after his predecessor shook their faith in the Conservative party's management of the economy. Register now for FREE unlimited access to Reuters.com RegisterOutgoing Prime Minister Liz Truss's month and a half in power caused chaos in British financial markets. Yet Donovan said the mayhem of the last month means Sunak will have next to no room to make bold choices, lest he risk the market's wrath. And I don't think that the incoming prime minister has that." "The settling down of the situation in the UK means what is happening in politics is now more of an idiosyncratic thing just affecting UK markets, and in the UK too what global markets are doing will become more and more important."

☆ Rishi Sunak Extends Lead in Race for Next U.K. Prime Minister
▼ + stars: | 2022-10-24 | by ( Max Colchester | ) www.wsj.com time to read: 1 min

LONDON—Former U.K. Chancellor of the Exchequer, Rishi Sunak , extended his lead over another party rival in the race to become Britain’s next prime minister Monday as he gained more endorsements from allies of former prime minister Boris Johnson. The only other remaining candidate in the contest to succeed outgoing prime minister Liz Truss is Penny Mordaunt , the leader of the House of Commons. But she appeared far behind Mr. Sunak in gathering the needed support from Conservative Party lawmakers before the deadline later on Monday.

LONDON — Former finance minister Rishi Sunak won the race to be Britain's next prime minister Monday and will become the third leader in seven weeks of a country upended by political and economic chaos. Sunak, 42, will become the latest leader of the ruling Conservative Party to enter the revolving door of No. 10 Downing St., following Liz Truss' resignation just 44 days after taking office. "Rishi Sunak is therefore elected as leader of the Conservative Party," Graham Brady, the Conservative lawmaker who oversees the party's leadership elections, told his colleagues, who banged on tables and cheered at the announcement. The son of African-born Hindus of Indian descent, Sunak will be the country's second ethnic minority leader, after 1800s Jewish prime minister Benjamin Disraeli, who was a practicing Christian.

☆ Rishi Sunak Wins Vote to Become U.K.’s Next Prime Minister After Liz Truss Resigns
▼ + stars: | 2022-10-24 | by ( Max Colchester | Paul Hannon | ) www.wsj.com time to read: 1 min

LONDON—Former Chancellor Rishi Sunak , who warned that Liz Truss ’ economic plans for Britain were a “fairy tale,” won the contest to succeed her as prime minister on Monday, taking over the world’s sixth-biggest economy at a time of deep financial and political turbulence. Mr. Sunak will formally enter Downing Street after his only remaining rival for the job, former defense minister Penny Mordaunt , said on Twitter she would drop out of the contest. “Rishi has my full support,” she wrote. Mr. Sunak is expected to be formally appointed prime minister by King Charles as soon as Monday afternoon.

☆ Rishi Sunak Wins Vote to Become U.K.’s Next Prime Minister
▼ + stars: | 2022-10-24 | by ( Max Colchester | Paul Hannon | ) www.wsj.com time to read: 1 min

☆ Rishi Sunak will be Britain’s next prime minister after seeing off rivals in race to replace Truss
▼ + stars: | 2022-10-24 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +6 min

London CNN —Former finance minister Rishi Sunak will be the United Kingdom’s next prime minister after seeing off his lone remaining rival in the fast-tracked race to become Conservative party leader on Monday. Sunak is set to replace Liz Truss, who will become the shortest-serving prime minister in UK history. Sunak will become prime minister once he is officially appointed by King Charles III and will be the first prime minister appointed by the new King following the death of Queen Elizabeth II in September. His campaign got a big boost when his former boss and rival, former Prime Minister Boris Johnson, withdrew from the race on Sunday night. He criticized Truss’ economic plan which ultimately sparked panic in the financial markets and led to her demise.

☆ UK leadership contender Mordaunt "getting the numbers" - campaign spokesperson
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: 1 min

LONDON, Oct 24 (Reuters) - Penny Mordaunt, one of two candidates to be Britain's next prime minister, is still in the leadership race and is gaining endorsements, a campaign spokesperson said on Monday. “Penny is speaking to colleagues from across the party. She’s getting the numbers and she’s in it to win it," the spokesperson said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elizabeth Piper, William JamesOur Standards: The Thomson Reuters Trust Principles.

☆ The UK's Conservative Party is gearing up for a new leader. Here's what to expect
▼ + stars: | 2022-10-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Britain is preparing to name its fifth prime minister in six years. LONDON — The U.K. is gearing up to install a new prime minister this week — its fifth in six years — following the sudden resignation of Liz Truss, just 44 days into the job. Truss' successor will once again be decided by a Conservative Party leadership contest drawn from a short-list of candidates. Those include frontrunner Rishi Sunak, who lost to Truss in September's leadership race, and Penny Mordaunt, who placed third. Here's how the race is expected to unfold over the coming days — or, potentially, hours.

☆ Rishi Sunak offers only temporary fix for UK woes
▼ + stars: | 2022-10-24 | by ( George Hay | ) www.reuters.com time to read: +4 min

Now that Sunak has seen off an attempted return by wayward former Prime Minister Boris Johnson, yields are down to 3.7%. About 30 billion pounds of her 45 billion pounds of unfunded tax cuts have been already reversed, leaving a narrower 40 billion pound hole. But cheaper borrowing costs hastened by Sunak’s appointment should cut the gap to just 30 billion pounds, a UK budget expert told Breakingviews. Follow @gfhay on TwitterloadingCONTEXT NEWSFormer finance minister Rishi Sunak will become Britain's next prime minister after winning the race to lead the Conservative Party. Former prime minister and rival Boris Johnson withdrew from the contest saying he could no longer unite the party.

☆ Rishi Sunak to be Britain's new prime minister as rival Penny Mordaunt drops out
▼ + stars: | 2022-10-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Rishi Sunak has been named as the U.K.'s new prime minister, after beating competitor Penny Mordaunt in the country's fast-tracked leadership race. Hollie Adams | Getty Images News | Getty ImagesLONDON — Rishi Sunak will be named the U.K.'s new prime minister, following a fast-tracked Conservative Party leadership race initiated to fill the void left by Liz Truss' resignation. The 42-year-old takes over just seven weeks after placing second to Truss, who stepped down Thursday, bringing to a swift close her 44 days in office — the shortest tenure of any U.K. prime minister. Sunak, who is credited with steering the U.K. economy through the height of the Covid-19 pandemic, is broadly seen as a safe pair of fiscal hands. Indeed, after being berated by Truss during the race as a voice of Treasury orthodoxy, his critique of the PM's "unfunded tax cuts" appears to have been vindicated.

☆ Rishi Sunak named UK's next prime minister
▼ + stars: | 2022-10-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Rishi Sunak is due to become the UK's next prime minister after an internal election by MPs. He established himself as the clear leader among Conservative MPs after Liz Truss resigned. Sunak is set to be the country's third prime minister in two months. At almost exactly that deadline, Mordaunt announced her withdrawal in a tweet, saying "Rishi has my full support"A change of prime minister in the UK does not automatically prompt a general election. Sunak will be the fifth Conservative prime minister in a row, and the first non-white prime minister of the UK.

☆ UK leadership candidate Mordaunt has 90 nominations - campaign source
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: 1 min

LONDON, Oct 24 (Reuters) - Penny Mordaunt, one of two declared candidates to be Britain's next prime minister, has gathered 90 endorsements from Conservative lawmakers, a source from her campaign said on Monday. A Reuters tally has put her publicly-declared supporters at 26 as of 1041 GMT. To take part in the leadership contest, candidates need 100 nominations. Register now for FREE unlimited access to Reuters.com RegisterReporting by William James, writing by Muvija MOur Standards: The Thomson Reuters Trust Principles.

☆ UK gilts jump as Rishi Sunak emerges victorious in PM race
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 24 (Reuters) - British government bond prices rose sharply on Monday as former finance minister Rishi Sunak cruised to victory in the race to succeed Liz Truss as prime minister, removing at least one source of uncertainty for bond investors. Sunak's rivals, former prime minister Boris Johnson and cabinet minister Penny Mordaunt, dropped out of the Conservative Party leadership race on Sunday and Monday. Gilt jumped briefly on the news that Sunak, a former finance minister, had won the contest. "The fall in gilt yields on the news today that Rishi Sunak will become the UK's next Prime Minister has reduced the chances of a significant fiscal consolidation," said Ruth Gregory, economist at consultancy Capital Economics. The spread between 10-year German and British government bond yields narrowed sharply to 146 bps, after rising above 165 bps on Friday.

Like Truss, Sunak promised a tough approach to illegal immigration and vowed to expand the government’s controversial Rwanda immigration policy. At the time Johnson was running to lead Britain's Conservative Party and Sunak was a member of Parliament. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Danny Lawson/PA/Getty Images Sunak delivers a speech during the annual Conservative Party Conference in Manchester in October 2021. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022.

☆ Rishi Sunak, the new UK prime minister, is yet another Goldman Sachs alumnus
▼ + stars: | 2022-10-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Rishi Sunak, the new UK prime minister, once worked as a junior analyst at Goldman Sachs in London. Sunak also worked at one hedge fund and cofounded another before getting into politics. Sunak left Goldman Sachs to get an MBA at Stanford University. After finishing his studies, Sunak worked at the hedge fund TCI, before setting his own up – Theleme Partners – with a colleague. The party held its second leadership race in the space of just a few months, and Sunak became the UK's presumptive prime minister on Monday after his only remaining rival, Penny Mordaunt, withdrew.

Sunak, the 42-year-old former finance minister, could be named leader as soon as Monday to replace Liz Truss, becoming Britain's third prime minister in less than two months. "The United Kingdom is a great country but we face a profound economic crisis," Sunak said in a statement declaring his candidacy on Sunday. Should she fail to hit the threshold, Sunak would become prime minister. "He's not taking anything for granted at all," interior minister Grant Shapps, a supporter of Sunak, told BBC television. If chosen, the former Goldman Sachs analyst would be the United Kingdom's first prime minister of Indian origin.

☆ Rishi Sunak closes in on Downing Street after Boris Johnson pulls out of leadership race
▼ + stars: | 2022-10-24 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Rishi Sunak could be elected leader of the Conservative Party and prime minister of the U.K. if he receives enough votes from fellow lawmakers Monday. LONDON — Former Finance Minister Rishi Sunak looks set to become the next prime minister of the U.K., with votes to be counted Monday afternoon. Former Prime Minister Boris Johnson was Sunak's biggest competition, but he dropped out of the race late Sunday. The only remaining contender for the leadership position is Penny Mordaunt, a former defense minister, who came behind Sunak in the original contest to take charge of the Conservative Party in September. It remains unclear how many Conservative lawmakers who backed Johnson will now move to support Sunak or Mordaunt.

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