Latest Boris Johnson News

Economic storm tests UK's new leader, alarms Conservatives

Sep. 28, 2022 12:27 PM EDT

LONDON (AP) — New British Prime Minister Liz Truss came under growing pressure Wednesday from opponents — and inside her Conservative Party — to reverse announced tax cuts that are fueling a financial crisis in an already struggling economy. The Bank of England stepped in to...

British pound stabilizes, but turmoil still roils UK economy

Sep. 27, 2022 13:18 PM EDT

LONDON (AP) — The British pound stabilized Tuesday as U.K. authorities tried to ease investor concerns after the biggest tax cuts in 50 years sent the currency tumbling to a record low and prompted some businesses to predict a devastating combination of a weak currency and rising interest rates....

UK Labour leader accuses government of trashing economy

Sep. 27, 2022 12:19 PM EDT

LIVERPOOL, England (AP) — The leader of Britain’s main opposition Labour Party accused the governing Conservatives on Tuesday of losing control of the economy, and promised to take the U.K. out of an “endless cycle of crisis” if his party regains power after more than a decade. ...

Bank of England fails to reassure markets after pound plunge

Sep. 26, 2022 13:53 PM EDT

LONDON (AP) — The Bank of England sought to reassure financial markets after the British pound touched an all-time low against the U.S. dollar Monday, but its entreaty fell flat for investors concerned about a sweeping package of tax cuts that further jolted a faltering economy that the...

Germany secures more gas shipments as Scholz visits Gulf

Sep. 25, 2022 11:27 AM EDT

BERLIN (AP) — German Chancellor Olaf Scholz planted a tree at a mangrove park in the United Arab Emirates on Sunday, a token nod to environmentalism during a two-day visit to the Gulf region focused mainly on securing new fossil fuel supplies and forging fresh alliances against Russia. ...

German leader seeks energy deals, alliances on Gulf trip

Sep. 24, 2022 10:26 AM EDT

BERLIN (AP) — German Chancellor Olaf Scholz arrived Saturday in Saudi Arabia for the first stop of a two-day, three-country visit to the Middle East aimed at striking new energy deals and forging fresh alliances amid the economic and geopolitical turmoil resulting from Russia’s invasion of...

UK cuts taxes, boosts spending, accelerating pound's slide

Sep. 23, 2022 13:29 PM EDT

LONDON (AP) — The United Kingdom's new government outlined plans Friday to cut taxes and boost spending in an effort to bolster the faltering economy, but the high-risk moves sparked concerns that increased public borrowing will worsen a cost-of-living crisis and sent the British pound on its...

At UN, Biden, Truss seek to smooth over N Ireland divide

Sep. 21, 2022 18:56 PM EDT

UNITED NATIONS (AP) — U.S. President Joe Biden and U.K. Prime Minister Liz Truss declared themselves staunch allies Wednesday as they tried to patch up a divide over Brexit’s impact on peace in Northern Ireland. The leaders met at the United Nations two days after they attended...

At UN, Truss aims to show UK can still lead on world stage

Sep. 20, 2022 17:55 PM EDT

UNITED NATIONS (AP) — British Prime Minister Liz Truss, a politician often compared to “Iron Lady” Margaret Thatcher, is presenting herself to the world as a steely leader for tough times. The new prime minister has come to the United Nations to argue that in an increasingly...

UK's Truss says she'll slash taxes despite economic crisis

Sep. 20, 2022 11:35 AM EDT

NEW YORK (AP) — U.K. Prime Minister Liz Truss said Tuesday that she’s ready to make “unpopular decisions” such as boosting bonuses for wealthy bankers in order to get the country's sluggish economy growing. Speaking before an emergency government budget statement on Friday,...