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Top StoriesFactbox-What Is Rishi Sunak’s Solution to Britain’s Problems?
Top StoriesBoris Johnson Expected to Stand in Contest to Replace UK PM Truss – Times
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Top StoriesIrish Pm: UK Must Appoint New PM as Quickly as Possible
Liz Truss Resigns After Six Weeks as UK Prime Minister
Date: October 20, 2022
(Refiles as UPDATE 7, not 6, text unchanged) By Elizabeth Piper, Andrew MacAskill and Muvija M LONDON (Reuters) – Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by an economic programme that roiled financial markets, pushed up living costs for voters and enraged...
UK Transport Minister Says ‘still the Case’ PM Truss Will Fight Next Election
Date: October 20, 2022
LONDON (Reuters) – British transport minister Anne-Marie Trevelyan said she believed Prime Minister Liz Truss would lead the ruling Conservatives into the next general election after a day of chaos for the government on Wednesday. When asked by Times Radio if Liz Truss will fight the next election, Anne-Marie Trevelyan said: “I think at the...
UK Interior Minister Braverman Quits Over Security Issue, Criticises Government
Date: October 20, 2022
LONDON (Reuters) – Britain’s Suella Braverman quit as interior minister on Wednesday, saying she had to go after she breached government rules but that she had concerns over the direction of Prime Minister Liz Truss’s government. The second senior minister to leave the government in less than a week, Braverman’s departure heaps yet more pressure...
Analysis-UK Crisis Forces ‘off Kilter’ Businesses to Halt Investment
Date: October 18, 2022
By Kate Holton and James Davey LONDON (Reuters) – British company owners are pulling investments as a crisis triggered in Westminster pushes up borrowing costs and hits confidence in an economy once seen by businesses as a haven of stability. Companies have struggled to navigate a fractious political landscape ever since Britain voted to leave...
Ryanair Boss Blames Brexit for UK Economic ‘car Crash’
Date: October 18, 2022
By Alvise Armellini ROME (Reuters) -Ryanair boss Michael O’Leary on Tuesday described the economic situation in Britain as a “car crash” caused by the country’s vote to leave the European Union in 2016. “The mini budget was a kind of spectacular failure of the whole concept of Brexit,” he said at a news conference in...
Sentiment in UK Finance Falls at Fastest Pace Since 2019, Survey
Date: October 13, 2022
LONDON (Reuters) – Britain needs to restore stability to its finances to help reverse the fastest drop in financial sector sentiment in three years, a survey by business body CBI and consultants PwC said on Thursday. Profitability growth in the sector remains robust and is expected to increase at a faster pace in October to...