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☆ UK's Hunt brings forward fiscal announcement to Monday
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: 1 min

British Chancellor of the Exchequer Jeremy Hunt arrives at the BBC, in London, Britain, October 15, 2022. REUTERS/Henry Nicholls/File PhotoLONDON, Oct 17 (Reuters) - New British finance minister Jeremy Hunt will announce tax and spending measures on Monday, two weeks earlier than previously scheduled, the finance ministry said as Hunt tries to turn around a loss of confidence in the government's fiscal plans. "The Chancellor will make a statement later today, bringing forward measures from the Medium-Term Fiscal Plan that will support fiscal sustainability," the Treasury said. "He will also make a statement in the House of Commons this afternoon." Register now for FREE unlimited access to Reuters.com RegisterReporting by Bengaluru newsroom Writing by William Schomberg; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ UK PM Truss met with chair of committee in charge of leadership contests - Guardian
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

Chairman of the 1922 Committee Graham Brady congratulates Liz Truss, as she is announced as Britain's next Prime Minister at The Queen Elizabeth II Centre in London, Britain September 5, 2022. REUTERS/Hannah McKayLONDON, Oct 17 (Reuters) - British Prime Minister Liz Truss met earlier on Monday with lawmaker Graham Brady, who heads up the committee in charge of running Conservative Party leadership contests, The Guardian reported, citing sources from Truss's office. "Truss was with Sir Graham Brady during Labour's urgent question in HoC (House of Commons) - as per No 10 sources," Guardian Political Editor Pippa Crerar said on Twitter. "They tell me it was a pre-planned meeting - rather than crisis talks." Register now for FREE unlimited access to Reuters.com RegisterReporting by Sachin Ravikumar, writing by William James; Editing by Kate HoltonOur 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.

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.

☆ UK's Kwarteng should change course within 48 hours - senior lawmaker
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 14 (Reuters) - British finance minister Kwasi Kwarteng should change course on his budget policy within 48 hours in order to regain the confidence of financial markets and the public, a senior Conservative lawmaker, Mel Stride, said on Friday. And I think that means doing something right now," Stride told the BBC. "He has got to really get out there emphatically and nail it. And I think he has to start in the next 48 hours," he added. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Milliken; editing by Sarah YoungOur Standards: The Thomson Reuters Trust Principles.

LONDON — British Prime Minister Liz Truss on Monday ditched her signature plan to cut taxes for the country's top earners after it triggered market turmoil and a huge domestic outcry. The pound rose after the announcement to around $1.12 — about the value it held before the Sept. 23 budget announcements. The dramatic reversal comes just hours after Truss defiantly defended the tax cut and her broader radical economic agenda, saying it was necessary to solve the country’s long-term economic woes. Faced with a growing political rebellion after days of economic chaos, the government said early Monday it was abandoning the plan. The plan to cut taxes for the wealthy was part of a broader "mini-budget" announced soon after the new administration took office.

☆ U.K. Markets Turmoil Puts Spotlight on New Chancellor Kwasi Kwarteng
▼ + stars: | 2022-09-28 | by ( Max Colchester | ) www.wsj.com time to read: 1 min

Kwasi Kwarteng, Britain’s chancellor of the exchequer, delivering his budget plan last week in the House of Commons. LONDON— Kwasi Kwarteng was just two weeks into his job as U.K. chancellor of the exchequer when he unveiled a bold plan to reshape the British economy by slashing taxes in what he called “a new approach to a new era.”Skeptical lawmakers in Britain’s Parliament now have a different moniker for the package: the “Kami-kwasi budget.”

☆ Canada to impose sanctions on those responsible for Iranian woman's death
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Canada's Prime Minister Justin Trudeau speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada September 22, 2022. REUTERS/Blair GableSept 26 (Reuters) - Canada will impose sanctions on those responsible for the death of 22-year-old Kurdish woman Mahsa Amini, including Iran's so-called morality police and its leadership, Canadian Prime Minister Justin Trudeau said on Monday. "We've seen Iran disregarding human rights time and time again, now we see it with the death of Mahsa Amini and the crackdown on protests," Trudeau told reporters in Ottawa. "Today, I'm announcing that we will implement sanctions on dozens of individuals and entities, including Iran's so called morality police," Trudeau said, moments after similar remarks by his foreign minister, Melanie Joly, during her address to the United Nations General Assembly in New York. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ismail Shakil in OttawaOur Standards: The Thomson Reuters Trust Principles.

☆ UK's finance minister says his economic strategy is not a gamble - BBC
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: 1 min

The Chancellor of the Exchequer Kwasi Kwarteng speaks during the Government's Growth Plan statement at the House of Commons, in London, Britain, September 23, 2022. UK Parliament/Jessica Taylor/Handout via REUTERSLONDON, Sept 23 (Reuters) - Britain's new finance minister Kwasi Kwarteng said on Friday that the government's changes to tax, stamp duty and spending were not a gamble. "What was (a gamble) in my view, was sticking to the course we were on," he told the BBC in an interview after setting out the mini-budget earlier in the day. Register now for FREE unlimited access to Reuters.com RegisterReporting by Muvija M; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

☆ UK Chancellor denies that government is set to clash with the BoE -FT
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

The Chancellor of the Exchequer Kwasi Kwarteng speaks during the Government's Growth Plan statement at the House of Commons, in London, Britain, September 23, 2022. In the interview, after laying out his mini-budget, Kwarteng said: "There have been two exogenous shocks: the COVID pandemic and (Russian President Vladimir) Putin’s invasion of Ukraine. "On the monetary side it's entirely reasonable for the bank to do what it classically does. We would not have done our duty had we not intervened in a fiscally liberal way to the COVID-19 pandemic and Putin's invasion of Ukraine." read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Muvija; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ British pound plunges below $1.11 after new government announces tax cuts
▼ + stars: | 2022-09-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The Bank of England said Thursday that the U.K. economy was likely already in a recession as it raised interest rates by 50 basis points. The pound has been on a precipitous fall against the greenback this year, hitting levels this month not seen since 1985. The embattled British pound fell 1.95% Friday against the dollar, after the new U.K. government announced a radical economic plan in a bid to boost growth. "The obvious implication is that BOE rates are likely to be higher for longer than they would have been otherwise. While textbooks suggest that higher short-term interest rates should be currency supportive, GBP has been demonstrating since the spring that this is not always thecase," she said in a note.

☆ UK government dishes out extensive tax cuts as country braces for recession
▼ + stars: | 2022-09-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

LONDON — The new U.K. government announced a sweeping program of tax cuts and investment incentives Friday, as Prime Minister Liz Truss seeks to boost the country's faltering economic growth. The energy support package is expected to cost more than £100 billion ($111 billion) over two years. The Institute for Fiscal Studies, an economic research group, said the reversal in the income tax rise and canceling the planned rise in corporation tax would lead to a £30 billion reduction in taxation revenue. It added that "setting plans underpinned by the idea that headline tax cuts will deliver a sustained boost to growth is a gamble, at best." Groups including the opposition Labour party argue that the tax cuts will disproportionately benefit the wealthy.

☆ The Fed's rate hike was just the beginning as banks around the world adjust policy - but the uncertainty doesn't mean the market can't rally.
▼ + stars: | 2022-09-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The Federal Reserve's Wednesday rate hike was just the beginning of the world's fight against inflation. A smattering of other central banks have followed suit, while some others took a different course. For now, pain fueled by central banks is likely to continue. The Fed's 75 basis-point rate hike on Wednesday was the first of many such moves this week as the policymakers globally confront surging prices. Three investing experts explained how to adjust your portfolio to benefit from the Fed's rate hike and rising inflation.

☆ About 250,000 attended Queen Elizabeth's lying-in-state, UK minister says
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Her Majesty Queen Elizabeth's funeral procession makes its way down the Long Walk towards Windsor Castle, September 19, 2022. SSgt Dek Traylor/Pool via REUTERSLONDON, Sept 20 (Reuters) - Some 250,000 mourners filed past Queen Elizabeth's coffin at Westminster Hall in London during her lying-in-state, Britain's culture minister Michelle Donelan said on Tuesday. Britain's last lying-in-state was held for war-time Prime Minister Winston Churchill who died in 1965. About 321,360 people filed past his coffin at Westminster Hall, according to a House of Commons note. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sachin Ravikumar, editing by Elizabeth PiperOur Standards: The Thomson Reuters Trust Principles.

☆ Which world leaders are attending Queen Elizabeth II's funeral?
▼ + stars: | 2022-09-17 | by ( Hyder Abbasi | ) www.nbcnews.com time to read: +3 min

LONDON — Leaders and heads of state from across the globe are coming together in central London to attend the state funeral of Britain's Queen Elizabeth II on Monday. The queen, who has been lying in state at the Palace of Westminster to allow members of the public to pay their respects. Her coffin is set to be moved to the abbey for the state funeral service, which is scheduled to begin at 6 a.m. A police official declined to detail how the leaders would travel to Westminster Abbey on Monday, citing security reasons. Pope Francis has said he will not be present at the funeral service and will instead send a senior representative from the Vatican.

☆ UK lawmaker raises $26,000 for charity by selling dress that sparked social media outrage
▼ + stars: | 2020-02-14 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +2 min

Tracy Brabin, a British lawmaker, raised £20,200 ($26,336) for charity by selling an off-the-shoulder dress on eBay that sparked controversy when she wore it in U.K. Parliament last week. Brabin, the shadow secretary for the department of digital, culture, media and sport for Britain's leading opposition party, raised the money for Girlguiding U.K. — the British equivalent of Girl Scouts. The "shouldergate" dress, which sold out on online outlet Asos in the aftermath of the social media furor, received 180 bids on eBay. Brabin, a former actress, received an onslaught of insults on Twitter last week after appearing in the House of Commons wearing the black dress. The politician said she chose to raise money for Girlguiding because of their "phenomenal" work when it came to helping develop young girls' self-confidence and self-esteem — something that could be particularly affected by social media, she noted.

☆ Brexit 'is going to get done' now that Boris Johnson wins clear mandate at the UK election
▼ + stars: | 2019-12-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

watch nowBrexit will finally "get done" now that U.K. Prime Minister Boris Johnson and his Conservative Party have won big at the elections, analysts said. "Boris Johnson will now have the mandate to move very swiftly to remove the U.K. from the EU, he will have great authority in negotiating new trade deals," she told "Squawk Box" on Friday. Calling the Conservative Party "now fully the Brexit Party," Conley said the party will now "dominate" British politics for at least five years. "It will be an extraordinary test of the many promises that the Conservative Party has given to the British people," she said. watch nowJohnson's Brexit divorce deal has been agreed to in principle by the U.K. Parliament but is yet to be fully ratified by lawmakers.

☆ How Rupert Murdoch’s Empire of Influence Remade the World
▼ + stars: | 2019-04-03 | by ( Jonathan Mahler | Jim Rutenberg | ) www.nytimes.com time to read: +61 min

Murdoch family, 1987: Lachlan, James, Anna and Rupert. The second season of HBO’s “Succession,” whose fictional media family, the Roys, bears a striking resemblance to the Murdochs, airs this summer. ‘A press dictatorship’To understand how the Murdoch empire works, it is essential to return to its origins. The bigger Murdoch’s empire became, the more power he had to clear away obstacles to further its expansion. Like his father, Lachlan considered the idea of meddling with such an important profit driver a form of madness.

Persons: ‘, Rupert Murdoch, Murdoch, Jerry Hall, Lachlan’s, Lachlan, —, Hall, President Trump, Theresa May, Robert A, consummating, Rupert, Elisabeth, Anna, James, David Graves, Rex, Prudence, Murdoch’s, Patricia Booker, Anna Mann, jockeying, Murdoch didn’t, ” Murdoch, Ron Galella, ‘ I’ve, Graham, Jeff Bezos, William R, Hearst, George Hearst, Ochs, Sulzberger, Arnold Newman, HBO’s, Australia —, “, don’t, Trump, Rutger Bregman, Tucker Carlson, Carlson, — Murdoch, Dow Jones, Bancroft, ’, Keith Murdoch, Keith, Joseph Lyons, Tom Roberts’s, ” Lyons, ”, I’ll, ” Rupert Murdoch, Aubrey Hart, Roberts, ” Keith, Margaret Thatcher’s, Thatcher, revel, John Major, Neil Kinnock, Joseph Stalin, Britain’s, Roy Cohn —, Joseph McCarthy, Ronald Reagan’s, Roger Stone Jr, Murdoch weaponize, Reagan’s, Stone, Reagan, George H.W, Bush, L.A, Ted Turner, Roger Ailes, Nixon, George H.W . Bush, Time Warner, Rudolph W, Giuliani, Post —, Fox, Monica Lewinsky, ” David Frum, George W, Sumner, Peter Mathew, Fairfax, Chase Carey, Talib Kweli, Rawkus, Kathryn Hufschmid, Kathryn, ” Lachlan, Sarah O’Hare, Lachlan doesn’t, Chris Mitchell, — he’d, Wendi Murdoch, Wendi, Jules Stein, Leonardo DiCaprio, James warily, Ivanka Trump, Ivanka’s, Jared Kushner, Kushner, Ivanka, Wendi’s, Donald Trump, Ailes, Rudolph Giuliani’s, Corey Lewandowski, Ted Cruz, Marco Rubio, Bret Baier’s, Baier, Stephen F, Hayes, ” Trump, Tell Hayes, Sean Hannity, Sinclair —, Doug Mills, Megyn Kelly, — “ You’ve, — Trump, Kelly, Charles Krauthammer, John Kasich, James’s, Hillary Clinton, Tony Blair, Hillary, Clinton, United States —, Paul Gigot, Obama, Al Drago, Anthony Hilton, Hilton, Rodrigo Duterte, Viktor Orban, europhiles, Rebekah Brooks, Andy Coulson, David Cameron, feckless, Leveson, Robinson, Mick Jagger, Margaret Thatcher, Nigel Farage, Evgeny Lebedev, Carlo Allegri, Murdoch lounging, What’s, lodestar, David Rhodes, Rhodes, Ben Rhodes, Kevin Hagen, he’d, Trump’s, Jeff Rovin, Satan, James Murdoch, Clint Spaulding, Patrick McMullan, James Stavridis Organizations: Northern, Fox News Channel, Sun, European Union —, Downing, Walt Disney Company, Century Fox, Disney, Getty, News Corp, Trust, Washington Post, Hearst Corporation, United, The New York Times, Arnold Newman Properties, Fox, White, Broadway, Fox News, Trump White, Street, Melbourne Herald, Weekly Times, ”, Eugenics Society of Victoria, Oxford, Murdoch, Fleet, The, British government’s, Sky Television, Britain’s “, Labor, Trump, Gov, Reagan’s, New, New York Post, The Boston Herald, CNN, Time, Republican, Post, Pew, Republicans, CBS, Viacom, British Sky Broadcasting, Australia spearfishing, Harvard, The Harvard, Rawkus Records, Princeton, Kawasaki, Hollywood, New York Observer, York mayoral, Fox & Friends, Trump International Golf Club, Gateway, America, New York Times, Clinton Climate Initiative, Labor Party centrist, Pacific Partnership, Tea Party, European Union, Freedom Party, Nazi, London, Press Association, Associated Press, Brexit Times, United Nations, Reuters, Photographers, CBS News, Democrat Locations: Macedonia, Southern, San Francisco, Los Angeles, California, United States, Britain, London, Australia, Australian, Sydney, Lachlan, Davos, New York, Dutch, Iraq, British, Gallipoli, Adelaide, White Australia, Luxembourg, York, George H.W ., Midtown Manhattan, Manhattan, Hong Kong, Mumbai, Indonesia, Oregon, Fiji, Murdoch, Cavan, Beverly Hills, L.A, Caribbean, earshot, West Palm, Des Moines, Iowa, Ohio, Clinton, Trump, Downing, Brussels, Europe, Philippines, Manila, Bangkok, Cannes, “, Trump’s, Scotland, Aberdeen, Ailes’s, Russian

☆ Justin Trudeau Fast Facts
▼ + stars: | 2015-11-03 | by ( Cnn Editorial Research | ) edition.cnn.com time to read: +6 min

CNN —Here’s a look at the life of Canadian Prime Minister Justin Trudeau. While campaigning for prime minister, Trudeau endorsed the legalization of marijuana. TimelineApril 1972 - During a state visit with Prime Minister Pierre Trudeau, US President Richard Nixon makes a prediction: “Tonight, we’ll dispense with the formalities,” Nixon says. “I’d like to toast the future prime minister of Canada: to Justin Pierre Trudeau.”1998 - Trudeau’s brother, Michel Trudeau, is killed in an avalanche while skiing. The video shows Trudeau, British Prime Minister Boris Johnson, French President Emmanuel Macron, and Dutch Prime Minister Mark Rutte laughing.

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