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Search resuls for: "Mordaunt"


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☆ UK Prime Minister Liz Truss resigns after failed budget and market turmoil
  + stars: | 2022-10-20 | by ( Jenni Reid Hannah Ward-Glenton | Jenni Reid | Hannah Ward-Glenton | ) www.cnbc.com   time to read: +4 min
Prime Minister Liz Truss announces her resignation at 10 Downing Street on October 20, 2022 in London, England. Leon Neal | Getty ImagesLONDON — U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party. "I recognize though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty the King to announce that I am resigning as leader of the Conservative Party." The number who have written letters to Brady expressing no confidence in the prime minister was reported to be over 100 by Thursday.
☆ Factbox: Who are the candidates to replace UK PM Truss?
  + stars: | 2022-10-19 | by ( Kate Holton | ) www.reuters.com   time to read: +4 min
LONDON, Oct 20 (Reuters) - Liz Truss said on Thursday she would resign as British prime minister just six weeks after she was appointed. A leadership election will be completed within the next week to replace Truss, who is the shortest serving prime minister in British history. Wallace, a former soldier, was defence minister for both Johnson and Truss, leading Britain's response to Russia's invasion of Ukraine. Boris JohnsonFormer prime minister Johnson, a journalist, has loomed large over British politics ever since he became London Mayor in 2008. The Times reported that Johnson is expected to stand in the Conservative Party leadership contest.
☆ Will Liz Truss outlast a lettuce? British PM faces jokes after ditching tax cut plans
  + stars: | 2022-10-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com   time to read: +5 min
President Joe Biden even joined the criticism with a rare comment on an ally’s economic policies in which he called the tax cut plan a “mistake.”Truss admitted fault Monday night. “I do want to accept responsibility and say sorry for the mistakes that have been made,” she told BBC News. “Anyone could have seen that this wasn’t going to fly — how could they have not seen that coming?” Ford said. As critics had predicted, markets tanked and the pound fell to its lowest level against the dollar in 30 years. “It wasn’t just a total disaster with the markets, it was a total disaster electorally,” Ford said of Truss’ economic plan.
☆ 'Serious matters' preventing UK PM Truss from coming to parliament, Mordaunt says
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: 1 min
LONDON, Oct 17 (Reuters) - The leader of Britain's House of Commons, Penny Mordaunt, said on Monday that were "very serious matters as well as economic matters" in Prime Minister Liz Truss's in-tray that have prevented her from appearing for a question in parliament. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sachin Ravikumar, writing by Muvija M; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
☆ UK PM Truss unable to appear in parliament on Kwarteng sacking - minister
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 17 (Reuters) - Prime Minister Liz Truss did not appear in parliament on Monday to answer a question about why the former finance minister Kwasi Kwarteng was sacked last week, drawing accusations from the opposition Labour Party she was "scared of her own shadow". "The PM is detained on urgent business," Mordaunt said, drawing laughter from opposition party lawmakers. read more"It is time for leaders to lead, but where is the Prime Minister?" "I guess under this Tory government everybody gets to be prime minister for 15 minutes." "The decision taken by our prime minister would have been a very tough one, politically and personally," she said.
☆ PM 'not under a desk': Jeer's over Truss' absence
  + stars: | 2022-10-17 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsPM 'not under a desk': Jeer's over Truss' absencePostedSenior British government minister Penny Mordaunt said on Monday (October 17) that the prime minister was "not under a desk" as she responded to a barrage of questions as to why Prime Minister Liz Truss had failed to attend parliament.
☆ Jeremy Hunt takes on his biggest role yet as UK finance minister
  + stars: | 2022-10-17 | by ( Elizabeth Piper Andrew Macaskill Kylie Maclellan | Elizabeth Piper | Andrew Macaskill | ) www.reuters.com   time to read: +6 min
Just three months after he all but admitted his ambitions to get the top job in politics had ended, Hunt was appointed finance minister, propelled into the job to clean up the market mess created by his boss, Prime Minister Liz Truss. "No one camp of the other candidates who went further can feel too sore and bad about not having their man or woman as prime minister," he told BBC radio. In a room on the so-called Committee corridor in parliament, Hunt told colleagues that tough decisions would have to be made to balance the books. Another joked: "It was good to hear from the new prime minister." Some are still not convinced his latest appointment will bring him the prize he has pursued for so long - to become prime minister.
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