Don’t miss the latest developments in business and finance.

Conservative Party

Noting that BJP is a natural ally of the Conservative Party, UK MP Bob Blackman has said that there is a need to build on the friendship between the two countries.In an interview with ANI, Blackman said that the PM Narendra Modi government has transformed the Indian economy which is on track to becoming the leading economy in the world.Blackman, a ruling-Conservative Member of Parliament for Harrow East, also spoke about the potential of the Free Trade Agreement being negotiated by India and the United Kingdom."As far as I am concerned I have been a supporter of Overseas Friends of BJP for a very long time. I regard the BJP as the natural ally for the Conservative Party in the UK. The Conservative party in the United Kingdom and BJP over here, it is that friendship, that support we value," he said.He said Narendra Modi as Chief Minister turned Gujarat into the powerhouse of economy of India, and now he has transformed India as Prime Minister."He has done a remarkably good job. What .

Updated On: 17 Feb 2023 | 10:12 AM IST

British Prime Minister Rishi Sunak on Sunday fired one of his Cabinet ministers and Conservative Party chairman, Nadhim Zahawi, after he was found to have been in "serious breach" of the Ministerial Code on how he handled his personal tax affairs. Zahawi, who was a minister without portfolio as the chief of the governing Tory party, had faced fierce pressure in recent days to quit over questions about his finances after it emerged that he had agreed a 4.8 million pounds penalty settlement with His Majesty's Revenue and Customs (HMRC) department. Sunak had ordered an independent investigation into the 55-year-old Iraq-born former Chancellor's tax affairs amid growing Opposition demands for him to sack Zahawi. His independent ethics adviser, Sir Laurie Magnus, submitted his assessment on whether the HMRC settlement amounted to a breach of the ministerial code. When I became Prime Minister last year, I pledged that the government I lead would have integrity, professionalism and ...

Updated On: 29 Jan 2023 | 10:29 PM IST

He was leading the front page of every major newspaper in the UK, which in the past had colonised most of the world

Updated On: 26 Oct 2022 | 12:03 AM IST

Managing welfare spending while promoting business will be among his top tasks if he wins leadership contest

Updated On: 25 Oct 2022 | 12:14 PM IST

Youngest to the post in 200 years + Warns UK faces 'profound economic challenge' + FTSE 100 rises .6%

Updated On: 25 Oct 2022 | 12:36 AM IST

Updated On: 21 Oct 2022 | 6:41 PM IST

Britain's governing Conservative Party is electing a new leader for the second time this year. The winner will replace Liz Truss, who stepped down Thursday after 45 days in office, as party leader and will automatically become prime minister. Unlike the two-month contest held over the summer to replace Boris Johnson, party officials have designed a condensed election process that aims to have a new prime minister in place within a week. Here is how the contest will unfold: Friday, Oct 21 Nominations open for the contest, in which any of the 357 Conservative lawmakers can run. To get on the ballot, candidates need signatures from 100 of their fellow Tory legislators much higher than the threshold of 20 names set for the last leadership contest. This time, the field is limited to a maximum of three. During the summer, eight lawmakers made the first round of voting. Monday, Oct 24 Nominations close at 2 pm (1300 GMT). If there are three contenders, Conservative lawmakers will vote

Updated On: 21 Oct 2022 | 5:04 PM IST

After weeks of blaming 'global headwinds', Truss on Monday said she was sorry for going 'too far and too fast' with her radical economic plan to snap Britain out of years of tepid growth

Updated On: 18 Oct 2022 | 10:18 PM IST

British Prime Minister Liz Truss, just over a month into the job, is already seen as increasingly unlikely to ride out the turbulence within her own Conservative Party and the financial markets, with her former leadership rival Rishi Sunak the odds-on favourite to make a comeback for 10 Downing Street. At the end of a tumultuous week in British politics which saw Truss sack her close friend and trusted aide Kwasi Kwarteng who was enforcing her own economic policies as Chancellor, the mutinous voices within the governing Conservatives continue to flag how Sunak had warned against much of the financial meltdown that would follow his rival's unfunded tax-cutting policies. The former British Indian Chancellor adopted a silent approach as he hosted two pre-scheduled parties at a central London hotel this week to thank his Ready for Rishi leadership campaign team and officials at the UK Treasury. His approach is one part I told you so' but rather more a sense of sadness. He just says: It

Updated On: 16 Oct 2022 | 10:22 PM IST

Rebels on the backbenches of the UK's governing Conservative Party are on Friday said to be plotting to replace Liz Truss as party leader and prime minister with a so-called unity joint ticket team involving former leadership rival Rishi Sunak. It comes as a YouGov poll for the The Times' found that almost half of Tory party supporters believe the party chose the wrong candidate in the leadership election. The YouGov poll found that among those who voted for the Conservatives at the last election, 62 per cent said that party members had made the wrong choice when the race was shortlisted between Truss and Sunak, compared with 15 per cent who said they had got it right. It has led panicked Tory members of Parliament to start considering alternatives in the candidates who secured the most votes within the parliamentary party the British Indian former Chancellor, who was the frontrunner with his colleagues, and Leader of the Commons Penny Mordaunt, who came in third. The government, .

Updated On: 14 Oct 2022 | 4:51 PM IST

Canada's opposition Conservative Party has elected its go-to attack dog as its new party leader. Pierre Poilievre is a firebrand populist who opposes vaccine mandates and blames Canada's inflation on Liberal Prime Minister Justin Trudeau. He won the party leadership on the first ballot on Saturday, defeating a moderate, centrist candidate with 68% of the votes cast by the party's members. The 43-year-old Poilievre is a career politician and was a Cabinet minister in then Prime Minister Stephen Harper's government. He embraced Canadians who were against vaccine mandates and supported the freedom truck convoy that paralysed Canada's capital and blockaded the border with the US. Tonight begins the journey to replace an old government that costs you more and delivers you less with a new government that puts you first, Poilievre said. By tackling Liberal inflation we will put you back in control of your life and your money. Poilievre won the party base, attracted large crowds and signed

Updated On: 11 Sep 2022 | 10:02 AM IST

Truss is also finalising plans for a £40 billion ($46 billion) support package to lower energy bills for businesses.

Updated On: 06 Sep 2022 | 11:45 PM IST

Truss made the commitments at the last Conservative Party leadership hustings in London on Wednesday, ahead of the victor being announced Sept 5

Updated On: 02 Sep 2022 | 1:09 AM IST

Rishi Sunak pledged to work "night and day" for the best country in the world as the election campaign to take over from Boris Johnson as the Conservative Party leader and the new British Prime Minister entered its final stage on Wednesday, with the very last hustings event set for London. Sunak reiterated his vision statement as the first British Indian to run for the top job at 10 Downing Street ahead of the final campaign event scheduled at a popular concert venue in Wembley on Wednesday evening. The former Chancellor will go head-to-head with his rival Foreign Secretary Liz Truss for one last time as they fight it out for any remaining Tory members yet to cast their ballots before voting closes on Friday evening. The 42-year-old former finance minister, who has focussed his campaign message on the urgency of getting a grip on inflation and countered 47-year-old Truss' claims that tax cuts are the answer to address the cost-of-living crisis crippling the UK economy, made a ...

Updated On: 31 Aug 2022 | 10:05 AM IST

The moving vans have already started arriving at Downing Street as Britain's Conservative Party prepares to evict Prime Minister Boris Johnson. The debate over what mark he left on his party, his country and the world will linger long after he departs in September if, indeed, he really is gone for good. Johnson led Britain out of the European Union and won a landslide election victory before his government collapsed in a heap of ethics scandals. During his final appearance in Parliament as prime minister in July, he summed up his three years in office as: Mission largely accomplished. Many political historians take a harsher view. Winston Churchill said that History will be kind to me for I intend to write it,' said Tim Bale, professor of politics at Queen Mary University of London. I'm pretty sure Johnson does too, but I doubt he'll find it's as kind to him as it was to his hero. Johnson cultivated a buffoonish public image, but he has had a serious impact on his country. He bea

Updated On: 25 Aug 2022 | 2:59 PM IST

Two weeks before the UK's Conservative Party leadership election is set to draw to a close, finalist Rishi Sunak's team are promoting a new campaign video cashing in on his "underdog" status with rival Liz Truss' firm lead in the race to succeed Boris Johnson. The video, first used to introduce Sunak at a hustings event in Manchester on Friday night, shows the former Chancellor at a series of campaign events since the race began last month and addressing Tory members who are voting for a new party leader to take charge as British Prime Minister on September 5. "I'll keep fighting for every vote until the final day," Sunak tweeted with the video, which counts down 100 events in 30 days to reach 16,000 party members on the campaign trail. The video shows the 42-year-old British Indian former minister interacting with voters and is also seen catching a quick power nap on a bench as a voiceover praises his efforts to "fight for every inch". "They say beware the underdog, because an ...

Updated On: 21 Aug 2022 | 10:47 PM IST

Rishi Sunak, the British Indian former Chancellor in the race to be elected the British Prime Minister, on Tuesday pledged a major overhaul of the country's civil service to create a sharper, leaner bureaucracy if he takes charge at 10 Downing Street on September 5. Sunak, who is up against Foreign Secretary Liz Truss in the Conservative Party leadership election to succeed Boris Johnson, wants civil servants to spend at least a year of their career outside government roles in industry to widen their experience. Under a Sunak-led government, they will no longer receive pay rewards based on the longevity of their service but performance instead. As Chancellor, I saw parts of the British Civil Service at its best, delivering world class COVID support schemes in record time. But the bloated post-COVID state is in need of a shake up so I will create a sharper, leaner civil service, said Sunak. I'll press ahead with cuts to back office Civil Service headcount, recruiting and retaining t

Updated On: 17 Aug 2022 | 11:36 PM IST

Foreign Secretary Liz Truss is holding on to a firm lead over former Chancellor Rishi Sunak in the race to be elected Conservative Party leader and British Prime Minister, according to a new survey of Tory voters on Wednesday. The Conservative Home website survey of 961 party members, who either already have or will be casting their postal or online ballots in the leadership election, found Truss at 60 per cent and Sunak at 28 per cent. Once the 9 per cent who fall under the "don't know" category are equally distributed between the two finalists in the contest, Truss maintains a 32-point lead over the British Indian ex-minister as the website's last survey found earlier this month. "If our don't knows are divided evenly between the two candidates, an exercise we carried out last time, Truss goes up to 64 per cent and Sunak to 32 per cent and so maintains the 32 point lead she had last time round, Conservative Home said in an analysis of its latest findings. "The sum of Opinium, ..

Updated On: 17 Aug 2022 | 8:54 PM IST

That's one of those Westminster questions that doesn't change price of fish. There are plenty of things that do change price of fish, not least price of energy, but that's not one of them, said Boris

Updated On: 12 Aug 2022 | 11:52 PM IST

The 42-year-old Indian-origin finalist in the Conservative Party leadership election pledged government "efficiency savings" to fund the support, while limiting borrowing.

Updated On: 09 Aug 2022 | 11:08 PM IST