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Search resuls for: "William James Sachin Ravikumar"


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☆ UK PM Sunak gathers cabinet to begin 'hard work' of fixing economy
  + stars: | 2022-10-26 | by ( William James Sachin Ravikumar | William James | Sachin Ravikumar | ) www.reuters.com   time to read: +2 min
LONDON, Oct 26 (Reuters) - British Prime Minister Rishi Sunak will gather his newly appointed cabinet for the first time on Wednesday, a day after taking power with a promise to fix the mistakes of his predecessor and stabilise the economy. "(Sunak), of course, will want to take some time to work on the detail on that," Cleverly said. As Britain's third prime minister this year, Sunak faces a daunting list of problems beyond the economic crisis, including how to unite and rebuild a fractured party whose reputation has been shredded by months of scandals and rows. "The hard work begins now and together, the prime minister's new cabinet will deliver for the British people," a source in his Number 10 Downing Street office said in a statement. ($1 = 0.8718 pounds)Reporting by William James; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.
☆ British PM Truss apologises for economic plan, spending cuts to come
  + stars: | 2022-10-18 | by ( William James Sachin Ravikumar | William James | Sachin Ravikumar | ) www.reuters.com   time to read: +4 min
"I do want to accept responsibility and say sorry for the mistakes that have been made," Truss told the BBC late on Monday. The Daily Mail, which had hailed Truss's plan, ran a front page with the prime minister leaving parliament on Monday underneath the headline "In office, but not in power" while the also supportive Sun newspaper called her "The Ghost PM". James Heappey, a minister for the armed forces, said on Tuesday Truss, his boss, could not afford to make any more mistakes. With Britain's economic reputation shattered, Hunt may now have to go further in finding public spending cuts than the government would have done had Truss not unleashed her economic plan at a time of surging inflation. One area of spending already to go is Truss's vast two-year energy support package that was expected to cost well over 100 billion pounds.
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