United Kingdom

Oct 16 (Reuters) - British lawmakers will try to oust Prime Minister Liz Truss this week despite Downing Street's warning that it could trigger a general election, the Daily Mail reported.

More than 100 members of parliament (MPs) belonging to the governing Conservative Party are ready to submit letters of no confidence in Truss to Graham Brady, the head of the Conservative Party's committee which organises the leadership contest, the tabloid reported, quoting unnamed sources.

LONDON (AP) — The U.K.’s new Treasury chief ripped up the government’s economic plan on Monday, dramatically reversing most of the tax cuts and spending plans that new Prime Minister Liz Truss announced less than a month ago. The move raises more questions about how long the beleaguered British leader can stay in office.

In a televised address, Chancellor of the Exchequer Jeremy Hunt said he was scrapping “almost all” of Truss’ tax cuts, along with her flagship energy policy and her promise — repeated just last week — that there will be no public spending cuts.

Oct 16 (Reuters) - Goldman Sachs analysts have downgraded Britain's economic outlook after Prime Minister Liz Truss removed Kwasi Kwarteng as chancellor and reversed a freeze in corporation tax, Bloomberg News reported on Sunday.

"Folding in weaker growth momentum, significantly tighter financial conditions, and the higher corporation tax from next April, we downgrade our UK growth outlook further and now expect a more significant recession," Bloomberg cited the investment bank's report as saying.

LONDON (AP) — The new U.K. Treasury chief on Sunday insisted Prime Minister Liz Truss retains control of her government despite having to roll back her signature economic policies weeks into her premiership.

Jeremy Hunt was drafted in to lead the Treasury after Truss sacked Kwasi Kwarteng amid rising pressure following the turbulent market reaction to the new administration’s “mini-budget.”

“The prime minister’s in charge,” Hunt, a former foreign and health secretary, told the BBC when he was asked whether he now held all the power at Downing Street.

LONDON (AP) — When Liz Truss was running to lead Britain this summer, an ally predicted her first weeks in office would be turbulent.

But few were prepared for the scale of the sound and fury -– least of all Truss herself. In just six weeks, the prime minister’s libertarian economic policies have triggered a financial crisis, emergency central bank intervention, multiple U-turns and the firing of her Treasury chief.

Now Truss faces a mutiny inside the governing Conservative Party that leaves her leadership hanging by a thread.

LONDON (AP) — Britain’s new Treasury chief on Saturday acknowledged mistakes made by his predecessor and suggested that he may reverse much of Conservative Prime Minister Liz Truss’ tax-cutting plans in order to bring stability to the country after weeks of economic and political turbulence.

Jeremy Hunt, who was brought in Friday to replace Kwasi Kwarteng as Treasury chief and restore order in Truss’ administration, warned of “difficult decisions” to come. He said taxes could rise and public spending budgets would likely be squeezed further in the coming months.

14 October 2022; MEMO: British intelligence agencies were aware of their Canadian counterpart's involvement in trafficking Shamima Begum and other Britons to Syria only days after it took place, sources have reportedly revealed.

LONDON, October 14. /TASS/: Activists from the 'Just stop oil' environmental movement threw tomato soup over Sunflowers, a masterpiece by Dutch painter Vincent Van Gogh (1853-1890), at London’s National Gallery on Friday, and glued their hands to the wall below the painting afterwards, Sky News reported.

The famous painting has an estimated value of about 73 million pounds ($82 million).

"What is worth more? Art or life?" one of the girls shouted in response to indignant exclamations from onlookers, the TV channel reports.

LONDON, Oct 14 (Reuters) - Airbus (AIR.PA) and Qatar Airways fought in court in front of Boeing on Friday as a dispute over damage to A350 jets descended into a tug-of-war over confidential documents while the sums at stake in their unprecedented falling out topped $1.5 billion.

Boeing was dragged into the case for the first time as lawyers quarrelled over access to a preliminary contract for its 737 MAX jets - illustrating the domino effect on a $150 billion global jetliner industry from the rare London legal battle.

LONDON, Oct. 14 (Xinhua) -- Jeremy Hunt, former foreign secretary of the United Kingdom (UK), has been appointed as chancellor of the exchequer, Downing Street said in a statement on Friday.

Hunt, 55, replaces Kwasi Kwarteng, who resigned earlier in the day after his mini-budget was blamed for causing economic turmoil.

"You have asked me to stand aside as your Chancellor. I have accepted," Kwarteng said in his resignation to Prime Minister Liz Truss posted on Twitter.