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Liz Truss

UK: New Chancellor Reverses Tax Cuts, Scales Back Energy Bills Support

UK: New Chancellor Reverses Tax Cuts, Scales Back Energy Bills Support

On Monday, UK chancellor Jeremy Hunt announced a U-turn on almost all of the tax cuts set out in September's mini-budget by ex-chancellor Kwasi Kwarteng. Planned cuts of 1p to income tax and 1.25% to dividend tax have been reversed [...]

UK: Liz Truss Speech Disrupted by Greenpeace Protestors

UK: Liz Truss Speech Disrupted by Greenpeace Protestors

Two protesters from the environmental campaign group Greenpeace disrupted UK PM Liz Truss's first speech since taking office. During her address to the Conservative Party conference on Wednesday, the demonstrators interrupted and held up a banner reading: "Who voted for this?"

UK to Reverse Cut to 45% Tax Rate

UK to Reverse Cut to 45% Tax Rate

After proposing a cut to the highest tax bracket in its mini-budget on Sept. 23, the UK government reportedly reversed its plan on Monday in response to backlash.

UK House Prices Could Fall 20% Amid Volatile Response to Mini-Budget

UK House Prices Could Fall 20% Amid Volatile Response to Mini-Budget

Forecasters predict an imminent drop in property value in the UK of 15-20%, as rising interest rates prompted lenders to pull around 1k mortgage deals on Thursday, and expectations continued to grow that millions of households will struggle to afford their mortgage costs.

New UK PM to Freeze Energy Bills at £2,500 A Year

New UK PM to Freeze Energy Bills at £2,500 A Year

On Thurs., UK PM Liz Truss announced a new "energy price guarantee" designed to reduce the cost of energy bills to less than half the figure currently forecast for the coming winter, down to £2.5K for the average household.

Liz Truss Elected New UK Prime Minister

Liz Truss Elected New UK Prime Minister

Liz Truss will become the U.K.'s next Prime Minister after securing 81,326 Conservative Party members' votes (57.4%), it was announced on Monday. Speaking to an auditorium of her Party colleagues, she said, "we will deliver, we will deliver, and we will deliver."