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.
Liz Truss
UK prime minister faces pressure to resign
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.
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.
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.
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.
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."
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.
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.
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.
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.
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.
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.
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.
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."
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.
U.K. tax cuts spark concerns about mounting debt
Britain's new government announced sweeping tax cuts it said would be funded by borrowing.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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