U.K. wonders if embattled leader Liz Truss can even outlast a lettuce

The prime minister's 6-week tenure has been defined by self-inflicted chaos, but with her party divided, it's unclear where Britain goes from here.

• Oct 18, 2022

Biden calls shelved U.K. tax plan a "mistake"

Pres. Joe Biden is openly criticizing U.K. Prime Minister Liz Truss' economic plan for the first time, calling it a "mistake." Truss withdrew the tax cut plan she had touted on the campaign trail after it sent financial markets into a tailspin. CBS News senior White House correspondent Weijia Jiang joins "CBS News Mornings" to explain the impact this criticism could have on relations between the two countries.

• Oct 17, 2022
• 04:39

Liz Truss walks back tax cuts amid recession fears

Experts say public confidence in United Kingdom Prime Minister Liz Truss is steadily falling after she reversed course on her proposed tax reforms. Ian Lee has the latest.

• Oct 15, 2022
• 01:52

Biden calls British PM Liz Truss' tax cut plan a "mistake"

"I wasn't the only one that thought it was a mistake. I disagree with the policy, but that's up to Great Britain."

• Oct 15, 2022

U.K. leader sacks finance chief amid economic turmoil over tax cuts

The "mini-budget" rolled out by the duo caused the pound to plummet in value, interest rates to soar, and sparked chaos in financial markets.

• Oct 14, 2022

U.K. government's chief mouse hunter faces off with a fox

Britain's foxes are no match for the cabinet office's chief mouse hunter.

• Oct 12, 2022

U.K. drops plan to cut income tax for wealthy

The U.K. government is abandoning a plan to cut income taxes for the wealthy. The move was wildly unpopular, and even sent the value of the pound tumbling when it was first announced last month. John Quelch, dean of the Miami Herbert Business School at the University of Miami, joined CBS News' John Dickerson for his analysis.

• Oct 3, 2022
• 05:16

U.K. economic turmoil; insights on Xi Jinping

The British pound hit an all-time low against the dollar Monday. Plus, a new podcast from The Economist called "The Prince" sheds new light on the story of Chinese President Xi Jinping. Economist editor-in-chief Zanny Minton Beddoes joins John Dickerson on "Prime Time" to discuss.

• Sep 27, 2022
• 06:40

S&P 500 enjoys its biggest gain since July

Stocks start October on a high note after coming off their worst month since COVID-19 crashed financial markets.

• Oct 3, 2022

UK pulls proposed tax cut for high earners

The British government reversed course Monday, saying it would not move forward with a proposed tax reduction for high earners that sent the pound tumbling last week. Joining anchors Vladimir Duthiers and Anne-Marie Greene to talk about market shifts in both the U.S. and U.K. is Javier David, managing editor of business and markets at Axios.

• Oct 3, 2022
• 05:39

King Charles III will not attend U.N. climate change summit

Buckingham Palace said that Charles will not appear at next month's conference after reaching an "agreement" with Prime Minister Liz Truss.

• Oct 2, 2022

Why the U.K.'s "trickle down" tax cut plan terrifies investors

Britain's spend-and-don't-tax plan has sent the pound into a tailspin, with one noted economist calling it "utterly irresponsible."

• Sep 28, 2022

British pound slides to all-time low against the dollar

Financial markets reacted with alarm to new U.K. Prime Minister Liz Truss' emergency budget measures.

• Sep 26, 2022

U.K. tax cuts spark concerns about mounting debt

Britain's new government announced sweeping tax cuts it said would be funded by borrowing.

• Sep 23, 2022

U.K. prime minister reacts to queen's death

Britain's newly installed Prime Minister Liz Truss said the loss of Queen Elizabeth II was "a huge shock to the nation and to the world." She called the queen, who was the longest-serving British monarch, "the very spirit of Great Britain." The queen died Thursday at Balmoral Castle at the age of 96.

• Sep 8, 2022
• 03:29

New U.K. PM faces questions over energy plan

British Prime Minister Liz Truss is holding firm on her plans to lower taxes to fight inflation. During the weekly prime minister's questions session in the House of Commons, the new leader of the U.K. was asked by the opposition leader how she plans to pay for an energy-price freeze without implementing a windfall tax on wealthy corporations. CBS News anchors Tanya Rivero and Elaine Quijano spoke with former U.S. Ambassador to the U.K. Matthew Barzun, author of "The Power of Giving Away Power," about the challenges Truss' government faces.

• Sep 7, 2022
• 04:45

Britain's new prime minister promises "bold plan"

Liz Truss officially became Britain's new prime minister Tuesday, and announced a plan to revive the nation's economy. John Quelch, dean of the Miami Herbert Business School at the University of Miami, joins CBS News' John Dickerson to discuss her plan.

• Sep 6, 2022
• 06:44

Biden focuses on economy, midterm campaigns

President Biden held a Cabinet meeting largely focused on the economy, and he will be out on the campaign trail more in coming weeks. CBS News senior White House and political correspondent Ed O'Keefe and Wall Street Journal Capitol Hill reporter Siobhan Hughes join "Red and Blue" to discuss this and other headlines from Washington.

• Sep 6, 2022
• 10:21

New British Prime Minister Liz Truss speaks

Liz Truss officially took office as prime minister Tuesday after accepting Queen Elizabeth II's invitation to form a new government for Great Britain. CBS News anchors Tanya Rivero and Elaine Quijano spoke with Hilary Fordwich, a global business consultant and British commentator, about the challenges Truss faces.

• Sep 6, 2022
• 08:20

Liz Truss becomes U.K. prime minister

U.K. Prime Minister Boris Johnson has handed in his resignation to Queen Elizabeth II, and Liz Truss has been chosen to fill the role. She is promising sweeping economic proposals as people in the country face surging prices. CBS News senior foreign correspondent Elizabeth Palmer joined "CBS News Mornings" to explain the transfer of power and what the new prime minister is expected to prioritize as she steps into the role.

• Sep 6, 2022
• 05:03

Queen Elizabeth meets new U.K. prime minister

Boris Johnson addressed the nation Tuesday in his farewell speech from office. Following this, Britain's incoming prime minister will travel together with Johnson to Balmoral Castle in Scotland to be formally asked by Queen Elizabeth to form a government following her exit audience with Johnson. The queen is unable to travel to Buckingham Palace, as is tradition, because of her ongoing ill health. Elizabeth Palmer reports.

• Sep 6, 2022
• 03:28

Who is Liz Truss, Britain's new prime minister?

The woman replacing Boris Johnson at No. 10 Downing Street has vowed to slash taxes and remove decades of European regulations from Britain's books.

• Sep 6, 2022

Liz Truss chosen as UK's new prime minister

The UK's Conservative Party has chosen Liz Truss to replace Boris Johnson as Prime Minister, making her the third woman to serve in the role. Queen Elizabeth II will formally appoint Truss in Scotland on Tuesday. CBS News' Charlie D'Agata is following this story from London.

• Sep 5, 2022
• 05:31

Britain's Conservative Party chooses Liz Truss as new leader and country's new prime minister

Britain's Conservative Party unveiled Liz Truss as its new leader and the country’s new prime minister. She will replace Boris Johnson, who stepped down after a series of scandals. Holly Williams reports from London.

• Sep 5, 2022
• 03:12

Liz Truss chosen to replace Boris Johnson as U.K. Prime Minister

Truss is a veteran of Johnson's Conservative Party, whose members got to pick the next British leader without input from the rest of the country.

• Sep 5, 2022