Page 5 - Uk Prime Minister

Queen Elizabeth II appoints Liz Truss as Britain's new Prime Minister

Conservative Party leader Liz Truss was on Tuesday formally appointed as Britain's new Prime Minister by Queen Elizabeth II, becoming the third female premier of the country. Truss travelled to the 96-year-old monarch's Balmoral Castle residence in Aberdeenshire, Scotland, to meet the Queen who formally asked her to form a new government. Earlier, outgoing prime minister Boris Johnson submitted his resignation to the Queen who is currently at Balmoral, her retreat in Aberdeenshire, for her annual vacation. Following her royal audience, 47-year-old Truss will be flown right back to 10 Downing Street in London to deliver her inaugural speech as the Prime Minister before going on to unveil some key Cabinet posts. On Monday, Truss defeated former chancellor Rishi Sunak to take charge as Britain's new Prime Minister. Attorney General Suella Braverman is expected to be the only Indian-origin MP in her top team, as the Goan-origin former leadership contender is expected to be promoted to

Global stocks, US futures rise as Europe wrestles with gas shortages

Global stock markets and Wall Street futures rose Tuesday as Liz Truss prepared to become British prime minister and Europe wrestled with uncertainty about Russian gas supplies. London and Frankfurt opened higher. Shanghai and Tokyo gained. Benchmark US crude rose more than $2 per barrel. The euro edged higher against the dollar. European markets were jolted by Friday's announcement that the suspension of Russian gas supplies through the Nord Stream 1 pipeline would be extended indefinitely. Shortages have pushed up prices and weigh on economic growth. Truss will have to hit the ground running as the U.K. prepares for a brutal winter," Craig Erlam of Oanda said in a report. Noting news reports that Truss plans to freeze energy bills, Erlam said the question is what impact it will have on inflation and gas demand. In early trading, the FTSE 100 in London rose 0.3% to 7,307.22 and Frankfurt's DAX advanced 0.4% to 12,816.01. The CAC 40 in France gained 0.2% to 6,103.77. On Wall Stree

UK PM-elect Liz Truss committed to 'sweet spot' of ties with India

Newly-elected Conservative Party leader and Prime Minister in waiting Liz Truss is among the senior British politicians known for championing deeper India-UK strategic and economic ties, describing them as a "sweet spot" of global trade dynamics. After all, it was Truss as International Trade Secretary who signed off on the India-UK Enhanced Trade Partnership (ETP) for the Boris Johnson led government in May last year, which marked the starting point of the ongoing free trade agreement (FTA) negotiations. The 47-year-old senior Cabinet minister made visits to India and held virtual talks with Commerce Minister Piyush Goyal, during which she described the country as a big, major opportunity. "I see the UK and India in a sweet spot of the trade dynamics that are building up," said Truss soon after signing the ETP. "We are looking at a comprehensive trade agreement that covers everything, from financial services to legal services to digital and data, as well as goods and agriculture.

Liz Truss beats Rishi Sunak in Tory leadership race to be new UK PM

'I will deliver on the energy crisis, dealing with people's energy bills, but also dealing with the long term issues we have on energy supply,' Truss said in a speech following the result

Priti Patel resigns as UK Home Secretary hours after Liz Truss wins PM race

UK Home Secretary Priti Patel on Monday resigned from the Cabinet in a letter to the outgoing Prime Minister Boris Johnson and said she plans to support his successor Liz Truss from the backbenches of Parliament. The Indian-origin senior minister, a close ally of Johnson, was widely expected not to be included in the top line-up of Prime Minister elect Truss' top team. In her resignation letter addressed to Johnson, 50-year-old Patel highlighted her many achievements in the post, including a Migration and Mobility Partnership signed with India, among other countries, to tackle illegal migration. I congratulate Liz Truss on being elected our new leader and will give her my support as our new Prime Minister, she wrote in her resignation letter. It is my choice to continue my public service to the country and the Witham constituency from the backbenches once Liz formally assumes office and a new Home Secretary is appointed. From the backbenches, I will champion many of the policies an

PM-elect Liz Truss plans shake-up of UK Cabinet, Sunak unlikely to join

Britain's Prime Minister-elect Liz Truss will spend Monday putting finishing touches to her new Cabinet after being elected Conservative Party leader and is expected to unleash a complete shake up of outgoing leader Boris Johnson's top team. Former chancellor Rishi Sunak, who lost the vote 57-43 per cent, said he was "proud" of the campaign he ran and indicated once again that he did not plan to serve in a Truss-led Cabinet if offered a job. "It's a real privilege to have the job that I've had, to have been chancellor at a time of enormous difficulty for our country and I am proud of my record as chancellor, helping safeguard our economy through the biggest [pandemic] shock it experienced in something like 300 years, he told the BBC in an interview after the election result. "I'm now going to be focussed on supporting my constituents first and foremost in North Yorkshire and continuing to be their member of Parliament as long as they'll have me and giving Liz Truss my full support a

Liz Truss vows tax cuts after winning vote to become next British PM

Truss beats ex-finance minister Sunak to be new PM; Boris Johnson to formally step down on Tuesday; new leader faces cost of living, energy price crisis

PM Modi confident India-UK ties will be strengthened under Truss leadership

Prime Minister Narendra Modi on Monday congratulated Liz Truss on being chosen to be the next prime minister of the UK and expressed confidence that under her leadership, the India-UK Comprehensive Strategic Partnership will be further strengthened. UK foreign secretary Truss on Monday defeated Indian-origin former chancellor Rishi Sunak to be named the winner of the Conservative Party leadership contest and will now go on to formally take charge as British Prime Minister as Boris Johnson's successor. "Congratulations @trussliz for being chosen to be the next PM of the UK. Confident that under your leadership, the India-UK Comprehensive Strategic Partnership will be further strengthened," Modi said in a tweet. "Wish you the very best for your new role and responsibilities," he said. The 47-year-old senior UK Cabinet minister was widely expected to become the third female British Prime Minister after 170,000 online and postal votes cast by Tory members, ending Sunak's historic run a

UK PM-elect Liz Truss gets frustrated at being compared to Thatcher

Liz Truss got "frustrated" after she was "compared to Margaret Thatcher", the media reported

Top headlines: Liz Truss new UK PM; windfall tax not ad hoc, says FM

Sitharaman said windfall tax on petroleum products, crude is not ad hoc, but being charged in regular consultation with the industry

Britain's Liz Truss expected to be named Conservative leader, new PM

After weeks of an often bad-tempered and divisive party leadership contest that pitted Truss against Rishi Sunak, Monday's announcement will trigger the beginning of a handover from Boris Johnson

UK PM contender Truss promises to address energy bill problems if elected

UK PM contender Liz Truss promised to address energy bill problems right away if elected

Suella Braverman may be only Indian-origin MP in new Truss-led UK Cabinet

Indian-origin Suella Braverman is likely to be the only British politician of Indian heritage in the new Cabinet, if UK media speculations are to be believed that Foreign Secretary Liz Truss is on course to beat Rishi Sunak to be elected Conservative Party leader and British Prime minister on Monday. Truss, 47, is said to be pencilling in her top team and is looking at elevating Braverman to replace Priti Patel as Home Secretary. A contender in the early rounds of the Tory leadership contest, 42-year-old Goan-origin Braverman currently holds the post of Attorney General. She had thrown her weight behind Truss after being knocked out in the second round of ballots of fellow Tory MPs in mid-July and called on her supporters to follow suit. "Liz is ready now to be PM. She won't need to learn on the job. And the job is hard and needs to be done properly. The party has had a difficult six years and stability is urgently and swiftly needed, said Braverman at the time. She is set to be ..

Rishi Sunak signs off campaign for UK PM, thanks team and supporters

Rishi Sunak, who has made history as the first Indian-origin member of Parliament to compete for the post of British Prime Minister, on Saturday signed off his Ready for Rishi campaign with a thank you note for his team and supporters. While most surveys of Conservative Party members with a vote in the leadership election to replace Boris Johnson, and even most UK media reports, have concluded that Foreign Secretary Liz Truss will be the winning candidate when the result is declared on Monday, Sunak struck a note of optimism on Twitter. Voting is now closed. Thank you to all my colleagues, the campaign team and, of course, all the members who came out to meet me and lend your support. See you Monday! #Ready4Rishi," he said. The 42-year-old British Indian former finance minister pegged his campaign around a focus on getting a grip on soaring inflation, a 10-point plan to tackle illegal immigration, fighting crime to make UK streets safer and restoring integrity and trust at the hear

Britain slips behind India to become world's sixth biggest economy

The former British colony leaped past the UK in the final three months of 2021 to become the fifth-biggest economy

UK PM race in final countdown for Rishi Sunak, Liz Truss; result on Monday

The race to replace Boris Johnson as the Conservative Party leader and the British Prime Minister is in a final countdown stage on Friday, when voting officially closes for Tory members to choose between former Chancellor Rishi Sunak or Foreign Secretary Liz Truss. Sunak, 42, and Truss, 47, have gone head-to-head in a dozen hustings up and down the UK over the past month to win over the votes of an estimated 160,000 Tory electorate. While the British Indian former minister has pegged his campaign on getting a grip on soaring inflation as an immediate priority, the foreign minister has pledged tax cuts from day one in office. Overall, it is how they plan to tackle the cost-of-living crisis faced by the British public that has dominated the debates even as the duo addressed their final hustings in London on Wednesday night, where they reiterated many of their pledges. I have put restoring trust at the heart of the campaign, said Sunak, in response to a question about integrity and ...

UK PM race: Liz Truss rules out new taxes, energy rationing in last pitch

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

Rishi Sunak pledges to work 'night and day' as UK PM race enters finale

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 ...

UK PM race: Rishi Sunak camp accuses Liz Truss of avoiding scrutiny

With just days to go before the polls close on Friday in the race to replace Boris Johnson as Conservative Party leader and British Prime Minister, former Chancellor Rishi Sunak's camp accused rival Liz Truss of avoiding scrutiny on Tuesday. Foreign Secretary Truss, who is the current frontrunner according to pre-poll surveys and bookie's odds, was due to face tough questions from veteran BBC political journalist Nick Robinson in a one-on-one interview already done by Sunak earlier this month. But the Cabinet minister pulled out of the interview hours before it was to air on Tuesday evening, with her team saying she could no longer spare the time. "Liz Truss has cancelled her BBC One interview with Nick Robinson which was due to air this Tuesday evening (30th August) at 7pm. Ms Truss' team say she can no longer spare the time to appear on Our Next Prime Minister', the BBC said in a statement. "The other candidate for the Conservative leadership, Rishi Sunak, was interviewed by Nick

Liz Truss cancels key interview saying she couldn't 'spare the time'

Liz Truss, the frontrunner in the race to be the UK's next Prime Minister, has pulled out of a key interview which was due to air as she could "no longer spare the time"