U.K. prime minister resigning
Liz Truss announced Thursday she is resigning as U.K. prime minister after members of her own party called for her to step down. This comes less than two months into her tenure. Ramy Inocencio reports.
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Liz Truss announced Thursday she is resigning as U.K. prime minister after members of her own party called for her to step down. This comes less than two months into her tenure. Ramy Inocencio reports.
U.K. Prime Minister Liz Truss faced British parliament Wednesday as criticism grows over her economic agenda amid record inflation. CBS News’ Nikki Battiste and Lana Zak speak with foreign correspondent Ramy Inocencio on whether Truss’ days are numbered.
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.
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.
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.
"I wasn't the only one that thought it was a mistake. I disagree with the policy, but that's up to Great Britain."
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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.
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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.
Buckingham Palace said that Charles will not appear at next month's conference after reaching an "agreement" with Prime Minister Liz Truss.
Britain's spend-and-don't-tax plan has sent the pound into a tailspin, with one noted economist calling it "utterly irresponsible."
Financial markets reacted with alarm to new U.K. Prime Minister Liz Truss' emergency budget measures.
Britain's new government announced sweeping tax cuts it said would be funded by borrowing.
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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.
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.
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.
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.
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.
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.
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.
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.
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President Trump claims the problems with the Reflecting Pool in Washington are due to vandalism.
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Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
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Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
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