Page 3 - Latest Updates on Liz Truss
British PM removes Kwarteng as finance minister amid row over economic plan
Truss had been under intense pressure to scrap some of the £43 billion ($48 billion) in unfunded tax cuts that roiled financial markets and led the BoE to step in to prevent a wider economic crisis
 "British PM removes Kwarteng as finance minister amid row over economic plan")
UK PM Liz Truss appoints Jeremy Hunt to replace sacked Chancellor Kwarteng
Embattled British Prime Minister Liz Truss on Friday appointed former Cabinet minister and party leadership contender Jeremy Hunt as her new Chancellor, after she sacked close friend Kwasi Kwarteng
 "UK PM Liz Truss appoints Jeremy Hunt to replace sacked Chancellor Kwarteng")
UK PM Liz Truss reverses plan to cut corporation tax amid debacle
British Prime Minister Liz Truss has abandoned a planned cut to corporation tax, scrapping a key part of an economic plan that sparked weeks of market and political turmoil
 "UK PM Liz Truss reverses plan to cut corporation tax amid debacle")
Rebels plot to replace PM Liz Truss with Rishi Sunak amid UK crisis
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
 "Rebels plot to replace PM Liz Truss with Rishi Sunak amid UK crisis")
UK Prime Minister Liz Truss calls press conference amid U-turn calls
The British government says Prime Minister Liz Truss will hold a news conference Friday as she faces pressure to U-turn on an economic package that sparked market turmoil
 "UK Prime Minister Liz Truss calls press conference amid U-turn calls")
Volatile sterling surges on reports of potential UK fiscal plan U-turn
Sterling surged 1.5% to a one-week high against the dollar at $1.1267 by 1205 GMT after Sky News reported the UK government was looking at which parts of its tax-cutting package might be ditched
 "Volatile sterling surges on reports of potential UK fiscal plan U-turn")
UK PM Liz Truss faces pressure from Conservatives over tax cuts policies
The Cabinet is attempting to rally behind embattled British Prime Minister Liz Truss on Thursday as her Conservative Party backbenchers are up in arms against her tax-cutting economic policies
 "UK PM Liz Truss faces pressure from Conservatives over tax cuts policies")
UK economy shrank in August, now on brink of recession: Report
Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3% fall in GDP from July, and the report also showed how a jump in inflation was hitting consumers
 "UK economy shrank in August, now on brink of recession: Report")
Still looking for free trade deal with India by Diwali, says Britain
New Delhi is also seeking to claw back half a billion pounds in payments made by Indian workers toward Britain's social security system as part of the deal
 "Still looking for free trade deal with India by Diwali, says Britain")
UK PM Liz Truss hands trade minister's job to Rishi Sunak's ally
Greg Hands, a vocal supporter of the former Indian-origin Chancellor, replaced Conor Burns as Minister of State in charge of Trade Policy in the Department for International Trade (DIT)
 "UK PM Liz Truss hands trade minister's job to Rishi Sunak's ally")
UK PM Liz Truss fires trade minister Conor Burns over alleged misconduct
A British trade minister was fired by Prime Minister Liz Truss and suspended by the Conservative Party on Friday over allegations of misconduct
 "UK PM Liz Truss fires trade minister Conor Burns over alleged misconduct")
UK debt outlook cut by Fitch after Liz Truss's mini-Budget debacle
A top US credit rating agency has lowered its outlook for British government debt from "stable" to "negative" amid the fallout from Prime Minister Liz Truss's mini-budget fiasco
Liz Truss' first speech as UK PM at Tory meet disrupted by protest
The first speech by Liz Truss since taking charge as British PM to the Conservative Party's annual Tory conference was disrupted by Greenpeace protesters, who had to be taken away by security
 "Liz Truss' first speech as UK PM at Tory meet disrupted by protest")
Best of BS Opinion: India's Ukraine destiny, U-turn in UK, and more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: India's Ukraine destiny, U-turn in UK, and more")
U-turn in UK: Room for fiscal fireworks is limited
It is best to stick to tried and tested methods of reviving growth - deregulation, macroeconomic stability, and targeted investment
UK PM U-turns on tax cut for wealthiest to avert rebellion within party
The new Liz Truss-led UK govt on Monday made an embarrassing U-turn on its central plank of tax cuts by withdrawing a controversial policy to abolish the topmost income tax slab for the wealthiest
 "UK PM U-turns on tax cut for wealthiest to avert rebellion within party")
UK PM Liz Truss makes U-turn on tax after week of market turmoil
The U-turn comes after the govt's fiscal plans triggered a crisis of investor confidence, jolting markets to such an extent that the BoE had to intervene with a 65 billion pound bond-buying programme
Mishandled tax-cut announcement, acknowledges British PM Liz Truss
Traders drove to the pound to a record low in the aftermath of Kwarteng's fiscal statement, govt borrowing costs soared and the Bank of England to intervene to prevent a meltdown in the gilt market
Facing an economic crisis, is the UK turning into an emerging market?
The Truss government's two most problematic policies are the tax cuts for the wealthy and the energy subsidies
 "Facing an economic crisis, is the UK turning into an emerging market?")
UK PM Liz Truss says tax cut was a right thing, will not change course
"We had to take urgent action to get our economy growing and that means taking controversial and difficult decisions," Truss said.
