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Oct 22 (Reuters) - British publicly-owned broadcaster Channel 4 is exploring whether it could be acquired by a non-profit trust as an alternative to a commercial privatisation, the Telegraph reported on Saturday. Register now for FREE unlimited access to Reuters.com RegisterFormer prime minister Boris Johnson's government was pursuing the sale of Channel 4, arguing such a move would ensure the future of the publicly-owned but commercially funded broadcaster. But the government changed tack after UK's Culture Secretary Michelle Donelan said last month she was re-examining the case for privatisation. Channel 4 was created by Conservative former prime minister Margaret Thatcher's government in the 1980s to deliver an edgy alternative to the BBC and ITV, with a focus on under-served audiences. Register now for FREE unlimited access to Reuters.com RegisterReporting by Baranjot Kaur in Bengaluru; Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.
The immediate cause of the chaos Truss unleashed was her failure to heed the advice of her hero Margaret Thatcher. Truss might have got away with large tax cuts and a big increase in spending if central banks were still flooding the global economy with cheap money. Its supporters maintained leaving the EU would put rocket boosters under the UK economy. But delusions of grandeur meant this global phenomenon played out in the UK in a specific way. BRITAIN’S MANY STRENGTHSObservers such as former U.S. Treasury Secretary Lawrence Summers have described Britain as a bit like an emerging market.
Delusions of grandeur are root of Britain’s chaos
  + stars: | 2022-10-21 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
The immediate cause of the chaos Truss unleashed was her failure to heed the advice of her hero Margaret Thatcher. Truss might have got away with large tax cuts and a big increase in spending if central banks were still flooding the global economy with cheap money. Its supporters maintained leaving the EU would put rocket boosters under the UK economy. But delusions of grandeur meant this global phenomenon played out in the UK in a specific way. BRITAIN’S MANY STRENGTHSObservers such as former U.S. Treasury Secretary Lawrence Summers have described Britain as a bit like an emerging market.
LONDON — Liz Truss lost to a head of lettuce. The leafy vegetable's decay was more gradual than Truss' crumbling tenure as British prime minister, which ended with her resignation Thursday. Her decision provided an unlikely victory for the lettuce, which had been pitted against her by a tabloid newspaper last Friday. Amer Ghazzal / Shutterstock“The lettuce outlasted Liz Truss,” the caption declared as a remix of “Celebration” by Kool & the Gang kicked in, lights flashed in the background and bottles of alcohol were added to the scene. Former Russian President Dmitry Medvedev tweeted “congrats to lettuce” shortly after Truss’ speech.
Liz Truss will receive a yearly £115,000 allowance for the rest of her life despite her short stint as Prime Minister. Enacted in 1991, Truss becomes only the sixth Prime Minister to receive the lifelong allowance. To be eligible for the allowance, you only has to have been a former Prime Minister, meaning Truss qualifies, despite being the shortest-serving Prime Minister in the nation's history. She will receive the allowance yearly for the rest of her life. In addition, Truss is entitled to receive a pension allowance of up to 10% of the £115,000 allowance.
"I now expect the language of free markets and libertarianism to be consigned to scrap for quite some time. Truss had spent her summer campaign for the party leadership complaining about Britain's weak economic growth, productivity and low pay since the 2008 global financial crisis. Her solution was to challenge economic "orthodoxy" and demand faster, radical action to shake the economy out of its torpor. The Institute of Economic Affairs said of the economic plan: "This isn't a trickle-down budget – it's a boost-up budget." Register now for FREE unlimited access to Reuters.com RegisterEditing by Catherine EvansOur Standards: The Thomson Reuters Trust Principles.
"The prime minister is not under a desk," Mordaunt said in parliament, keeping a straight-face despite the jeers and laughter from the opposition Labour Party facing her. Mordaunt now has her second chance to run for the top job, after just missing out on the final two in the contest to become the leader of the ruling Conservative Party earlier this year. She also promoted her patriotism, talking about her memories of the Falkland's conflict that helped to define former prime minister Margaret Thatcher. Her first post came as a local government minister in 2014, followed by armed forces minister and disabilities minister. Truss appointed Mordaunt as the leader of the House of Commons, charged with setting out the government business with her no-nonsense attitude gaining admirers.
LONDON, Oct 20 (Reuters) - To the strains of Britain's national anthem, a national newspaper on Thursday declared a lettuce the victor in a race to see if it could outlast Liz Truss, after the under-fire prime minister resigned. The tabloid Daily Star set up a live feed on Friday showing the unrefrigerated iceberg next to a photo of Truss, asking readers: "Which wet lettuce will last longer?" Moments later, as viewer numbers hit 21,000, "God Save the King" rang out as a hand reached across the table and set Truss's photo on its back and the caption "The lettuce has outlasted Liz Truss" appeared. In a column published last week titled "The Iceberg Lady", the Economist magazine described Truss as having "the shelf-life of a lettuce". Truss's political role model, 1980s prime minister Margaret Thatcher, was widely known as the Iron Lady.
Britain's Prime Minister Liz Truss holds a press conference in the Downing Street Briefing Room in central London on Oct. 14, 2022. Daniel Leal | Afp | Getty ImagesLONDON — Just six weeks into U.K. Prime Minister Liz Truss' tenure and the political future of yet another Conservative leader looks to be in jeopardy. The approach has been sharply criticized by U.K. political opponents — and even U.S. President Joe Biden — at a time when Britain faces a deepening cost-of-living crisis. However, analysts at political risk consultancy Eurasia Group assign only a 10% possibility that Truss is able to hold on as prime minister. "The consensus at Westminster is now that that the Prime Minister is so weak that she can do nothing without the assent of her Chancellor.
LONDON, Oct 14 (Reuters) - A British newspaper on Friday pitted Liz Truss in a race against a lettuce, asking readers if they thought the under-fire prime minister would lose her job before the vegetable decayed. loadingThe tabloid Daily Star set up a live feed of an unrefrigerated iceberg next to a photo of Truss. Register now for FREE unlimited access to Reuters.com RegisterThe stunt echoed a comment at the other end of Britain's journalistic spectrum. Truss's political role model, 1980s prime minister Margaret Thatcher, was widely known as the Iron Lady. Register now for FREE unlimited access to Reuters.com RegisterReporting by John Stonestreet; Editing by Andrew HeavensOur 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.
LONDON — If anyone thought Britain was due a period of calm after Boris Johnson’s tumultuous premiership, no one told his successor. But the proposed solution by new Prime Minister Liz Truss has quickly sent the economy spiraling into chaos, threatening consequences both immediate and long-lasting for many Britons. Prime Minister Liz Truss's government unveiled a financial plan last week that sparked market concern and public criticism. The nose-diving pound will also make everyday products in Britain more expensive as importers face spiraling costs. It wants to supercharge Britain’s sluggish economy by any means necessary — even if that means short-term shocks.
The sudden sell-off in the pound and U.K. bond markets led economists to anticipate more aggressive interest rate hikes from the Bank of England . I was surprised when the new chancellor spoke over the weekend of the need for even more tax cuts," Summers said on Twitter. U.K. inflation unexpectedly fell to 9.9% in August, and analysts recalibrated their eye-watering expectations after the government stepped in to cap annual household energy bills. 'Emerging market currency crisis'Sterling has fallen by roughly 7-8% on a trade-weighted basis in less than two months, and strategists at Dutch bank ING noted Tuesday that traded volatility levels for the pound are "those you would expect during an emerging market currency crisis." The likening of the U.K. to an emerging market economy has become more prevalent among market commentators in recent days.
Jim O'Neill, former Goldman Sachs Asset Management chairman and a former U.K. Treasury minister, said the pound's fall shouldn't be misinterpreted as dollar strength. The announcement Friday featured a volume of tax cuts not seen in Britain since 1972 and an unabashed return to the "trickle-down economics" promoted by the likes of Ronald Reagan and Margaret Thatcher. The radical policy moves set the U.K. at odds with most major global economies against a backdrop of sky-high inflation and a cost-of-living crisis. Ibrahim added that this would imply further suffering for U.K. financial markets due to the "unfavorable policy mix" over the near term. The British lender expects the government to clarify its plans to balance the books through "spending cuts and reform outcomes" ahead of the November budget statement, which Montagne suggested "should help to deflect immediate concerns relating to large unfunded tax cuts."
Factbox: A history of UK currency crises and crashes
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +5 min
The currency fell as low $1.0327 at one point. read more It has fallen almost 8% since Thursday and 21% since the start of the year, a pace drawing comparisons with the currency crises that have marked Britain’s post-war history. Britain also used some creative accounting to hide the extent of its foreign exchange reserves losses, such as in a 12.5 billion pound "secret negative forward book". Against a soaring U.S. currency swelled by global trade imbalances, parity with the dollar - once unthinkable - became a real possibility. A briefing to the media in January 1985 from Prime Minister Margaret Thatcher’s press secretary, intended to reassure financial markets, backfired badly.
Opinion: The British Empire: A legacy of violence?
  + stars: | 2022-09-25 | by ( Peter Bergen | ) edition.cnn.com   time to read: +19 min
A related question is also surfacing now: What is the legacy of the British Empire writ large? Bergen: This reassessment of British Empire: You are leading the charge. Bergen: So, are the British in high school as they learn about British history being told a bunch of fairy tales? Are there similarities between the 1619 Project and what you and other colleagues are doing in your reassessment of the British Empire? And I think that’s what we’re seeing in different kinds of ways with the history of the British Empire.
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the two leaders. Biden, in a tweet Tuesday, said he was "sick and tired of trickle-down economics," adding "it has never worked." Liz Truss U.K. prime ministerCritics, including Britain's opposition Labour party, have argued that such measures disproportionately benefit the wealthy. Questions have also been raised over how the policies will be funded, with tax cuts expected to lead to higher borrowing. Truss has argued that resultant growth will bring in more revenue which will cover those borrowing costs.
Liz Truss has been named the new prime minister of the UK in the wake of Boris Johnson quitting. The victory also makes her the new prime minister, due to take over Tuesday. An ally of Johnson, Truss has often been described as the continuity candidate — but who is she, and what can we expect from her premiership? While Truss has been named as the Conservative Party leader, she must wait another day before officially becoming prime minister. Truss is set to become prime minister Tuesday after traveling to meet the Queen at Balmoral in Scotland.
Leader of Italy's nationalist Brothers of Italy (Fratelli d'Italia) party and frontrunner to become prime minister Giorgia Meloni, holds a closing rally in Naples, Italy, September 23, 2022. Fast forward three years, and the nationalist leader is also poised to become Italy's first female prime minister. It is from tomorrow that we must prove our worth," the 45-year-old Meloni told party faithful early Monday morning. All the tough talking inevitably draws comparisons in the Italian press between Meloni and former British Prime Minister Margaret Thatcher. Just as Thatcher shattered Britain's glass ceiling to top office 43 years ago, so Meloni looks set to follow suit in Italy.
Lamu, Kenya (CNN) Just before sunset, Umra Omar boards a speedboat that will take her around the historic Lamu channel for meetings with voters. She is among a record number of women running for office in Kenya's August 9 general election. She says she is running for office as a natural progression after seven years of providing "band-aid solutions" for poor healthcare. 'Kenya is ready for women at all levels'If opposition leader Raila Odinga wins, Kenya could have its first female deputy president in 64-year-old Martha Karua. So that question is in itself discriminatory," the former Kenyan justice minister tells CNN.
Cap de listă pentru ocuparea fotoliului de deputat în Legislativ este Mariana Durleșteanu, pe care președintele formațiunii, Nicolae Alexei, o descris-o drept „un diamant”. „PLD a depus azi setul de documente pe care Comisia urmează să se expună și să ia o decizie în următoarele șapte zile. Conține și o listă de candidați la funcția de deputat în Parlamentul Republicii Moldova, o listă de nume cu oameni onești, profesioniști și integri. Margaret Thatcher – fosta prim-ministră a Regatului Unit)”, a declarat Nicolae Alexei, în debutul conferinței de presă susținute la CEC. Rugat de jurnaliști să precizeze care este președintele formațiunii pentru a nu se crea vreo confuzie, a adăugat: „Președintele PLD este Alexei Nicolae.
Persons: Mariana Durleșteanu, Nicolae Alexei, Thatcher, Moldovei, . Margaret Thatcher, Alexei Nicolae Organizations: Dreptății, PLD, Comisia Electorală Centrală, CEC Locations: Legislativ, Republicii Moldova, Regatului Unit, Republica Moldova
Audienţa serialului ''The Crown'' a crescut fulgerător după interviul acordat de Meghan Markle şi prinţul Harry lui Oprah Winfrey, în cadrul programului special difuzat pe 7 martie în SUA şi a doua zi în Marea Britanie, relatează EFE. Serialul britanic s-a plasat, de asemenea, printre primele 10 programe cele mai vizionate în acea săptămână, deşi cel de-a patrulea sezon a avut premiera în noiembrie anul trecut. Nielsen a estimat că cele mai urmărite episoade au fost cele din primele sezoane, în special cel intitulat "Favourites", în care regina Elisabeta a II-a a Marii Britanii se reuneşte cu fiii săi pentru a afla care este cel favorit. "The Crown" este un serial de ficţiune difuzat de Netflix, care prezintă viaţa reginei Elisabeta a II-a de la nunta ei cu prinţul Philip în 1947 şi până la începutul secolului XXI. Serialul şi distribuţia sa au fost recompensaţi la Globurile de Aur, la premiile Emmy, ale Sindicatului Actorilor de la Hollywood, precum şi la premiile producătorilor şi scenariştilor.
Persons: Harry, Oprah Winfrey, Nielsen, regina Elisabeta a II -, Elisabeta a II, prinţul Philip, Margaret Thatcher, Diana, Lady Organizations: Nielsen Locations: SUA, Britanii, Hollywood
Echipa continuă să lucreze pentru dezvoltarea școlii și a elevilor săi – viitorii lideri ai acestei lumi. Arată foarte bine, deoarece cred că am echipa cea mai experimentată în învățarea la distanță, capabilă să facă față crizelor și foarte centrată pe elev! Elevii noștri nu vor trece prin sistemul național de bacalaureat, ei vor susține examenele „A Level” și vor obține calificările Cambridge recunoscute la nivel global. Suntem un centru de dezvoltare profesională Cambridge și pilotăm inițiativele Cambridge. Trăim vremuri schimbătoare, dar și Școala Internațională Heritage se schimbă, odată cu introducerea programului „A Level”, de exemplu.
Persons: Robert Ford, Crăciun, Margaret Thatcher . Ea, coronavirusului, Harris, Maia Sandu Organizations: Internațională Heritage, Heritage, Internaționale Heritage, UNICEF, Cambridge International, Universitatea Oxford, Facebook Locations: Moldova, Cambridge, Honduras, Irlandei, Somerville, Europa, Oxford, străinătate
Arată foarte bine, deoarece cred că am echipa cea mai experimentată în învățarea la distanță, capabilă să facă față crizelor și foarte centrată pe elev! Elevii noștri nu vor trece prin sistemul național de bacalaureat, ei vor susține examenele „A Level” și vor obține calificările Cambridge recunoscute la nivel global. Suntem un centru de dezvoltare profesională Cambridge și pilotăm inițiativele Cambridge. Recent chiar am contribuit cu un articol pentru studiile lor de caz în care am povestit despre strategia de succes a Heritage în pandemie. În calitate de director, sunt foarte implicat în acest proces, datorită experienței mele de a conduce un liceu imens cu 400 de elevi „A Level”.
Persons: Crăciun, Margaret Thatcher . Ea, coronavirusului, Harris, Maia Sandu Organizations: UNICEF, Internațională Heritage, Cambridge International, Universitatea Oxford, Facebook Locations: Moldova, Cambridge, Honduras, Irlandei, Somerville, Europa, Oxford, străinătate
Echipa continuă să lucreze pentru dezvoltarea școlii și a elevilor săi – viitorii lideri ai acestei lumi. Vorbim despre inovațiile și perspectivele pentru 2021 cu Robert Ford, directorul Școlii Internaționale Heritage. — Arată foarte bine, deoarece cred că am echipa cea mai experimentată în învățarea la distanță, capabilă să facă față crizelor și foarte centrată pe elev! Elevii noștri nu vor trece prin sistemul național de bacalaureat, ei vor susține examenele „A Level” și vor obține calificările Cambridge recunoscute la nivel global. Suntem un centru de dezvoltare profesională Cambridge și pilotăm inițiativele Cambridge.
Persons: Robert Ford, Crăciun, Margaret Thatcher . Ea, coronavirusului, Harris, Maia Sandu Organizations: Internațională Heritage, Heritage, Internaționale Heritage, UNICEF, Cambridge International, Universitatea Oxford, Facebook Locations: Moldova, Cambridge, Honduras, Irlandei, Somerville, Europa, Oxford, străinătate
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