Latest Liz Truss News

UK Treasury chief: Tax cuts must wait for inflation to fall

Jan. 27, 2023 08:05 AM EST

LONDON (AP) — Britain’s Treasury chief said Friday that taming inflation is more important than cutting taxes, resisting calls from some in the governing Conservative Party for immediate tax breaks for businesses and voters. At a speech in London, Chancellor of the Exchequer...

UK leader Sunak makes first visit to Scotland as PM

Jan. 12, 2023 13:13 PM EST

LONDON (AP) — Prime Minister Rishi Sunak is expected to highlight the benefits of remaining in the U.K. when he meets with the Scottish leader on Thursday during his first visit to Scotland since taking office. Sunak will meet for private, informal talks with Scottish First...

UK's Sunak vows to halve inflation, tackle illegal migration

Jan. 04, 2023 11:18 AM EST

LONDON (AP) — British Prime Minister Rishi Sunak pledged to halve inflation, grow the U.K. economy and stop illegal immigration Wednesday as he set out his Conservative government's priorities in his first major speech of 2023. Sunak focused on tackling the U.K.'s slowing economy...

Eyeing power, UK Labour Party vows to abolish House of Lords

Dec. 05, 2022 09:17 AM EST

LONDON (AP) — Britain’s opposition Labour Party on Monday pledged to scrap Parliament’s unelected upper house if it wins government as part of a raft if policies intended to stake out Labour's ground for the next election. The left-of-center party has been out of power since...

UK opposition wins special election in blow to Sunak's party

Dec. 02, 2022 06:13 AM EST

LONDON (AP) — Britain’s opposition Labour Party has handily won a special election for a northwest England seat in Parliament, the first test of voter sentiment since Conservative Prime Minister Rishi Sunak took office in October. Labour held onto the City of Chester constituency...

UK voters warm to new leader Sunak, but not to his party

Nov. 25, 2022 02:22 AM EST

LONDON (AP) — Rishi Sunak has been Britain’s prime minister for a month. In the tumultuous world of U.K. politics in 2022, that’s an achievement. Sunak, who took office a month ago Friday on Oct. 25, has steadied the nation after the brief term of predecessor Liz Truss....

Relief meets fear as UK budget calms economy but brings pain

Nov. 18, 2022 07:24 AM EST

LONDON (AP) — Britain’s Conservative government on Friday defended its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation and the reckless tax-cutting of recently ousted Prime Minister...

UK push to restore finances means higher taxes, energy bills

Nov. 17, 2022 12:08 PM EST

LONDON (AP) — Millions of people across Britain face higher taxes and energy bills after the government on Thursday announced an emergency budget focused on restoring the country’s financial credibility and bolstering an economy battered by soaring inflation. Treasury chief...

UK inflation accelerates to 41-year high of 11.1%

Nov. 16, 2022 13:18 PM EST

LONDON (AP) — Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans Thursday. Consumer prices jumped 11.1% in the 12 months through...

Britain's vulnerable await PM's spending plans with anxiety

Nov. 15, 2022 02:44 AM EST

LONDON (AP) — Thirugnanam Sureshan maneuvers his wheelchair into the tiny kitchen of his one-bedroom apartment, flips the switch on an electric kettle and brews a mug of instant coffee. It’s his second hot drink of the day, and it will be his last. The humble countertop kettle...