Labour's Pat McFadden says that today's Autumn Statement is "testament to the government's economic failure", following Liz Truss and Kwasi Kwarteng's mini-budget at the end of September. The Shadow Chief Secretary to The Treasury says Chancellor Jeremy Hunt is trying to "blame global factors as much as possible for the announcements he's made today." Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labour calls the severance pay given to Liz Truss and Kwasi Kwarteng a “golden goodbye”, saying it “goes against every sense of decency”, while the Conservatives argue it exists because of “the unpredictable nature of ministerial office”. Report by Wardl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
UK Prime Minister , Liz Truss Resigns.
NBC News reports that
after only six weeks in office,
Truss resigned on Oct. 20. .
That makes her Britain’s
shortest-serving prime minister ever.
I recognize that given the situation I cannot deliver the mandate on which I was elected by the Conservative Party, Liz Truss, via statement.
I have therefore spoken to his majesty the king to notify him that I am resigning as leader of the Conservative Party, Liz Truss, via statement.
I will remain as prime minister until a successor is chosen, Liz Truss, via statement.
her finance minister,
was fired just last week.
Their "mini-budget" sent the U.K. into a political and economic tailspin. .
NBC News reports that despite nearly all of the controversial policies having since been reversed by Kwarteng's successor, Jeremy Hunt, Britain is still dealing with the fallout.
A leadership election is expected
to take place over the next week.
Whoever is selected will become Britain's fifth prime minister since the country decided to leave the EU
Credit: Wibbitz Top Stories Duration: 01:30Published
The leader of the Scottish Conservatives has welcomed the appointment of Jeremy Hunt as Chancellor following the shock exit of Kwasi Kwarteng.
Douglas Ross said: "I think we've seen already from the response that that is a very positive announcement, a positive change in the Cabinet and we need to see more of that in terms of getting this stability restored." Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Roughly 13,000 homes in the north of England are still cut off as a result of Storm Arwen. Energy companies have warned that some might not be reconnected until next week. Report by Burnsla. Like us on..