Prime Minister Liz Truss resigned Thursday after less than two months in office amid pressure following a reversal of economic policies that led to economic instability.
Britain’s embattled Prime Minister Liz Truss fired her Finance Minister Kwasi Kwarteng on Friday and deleted parts of their economic package in a desperate bid to stay in power and reassure markets after financial turmoil.
Russia said Wednesday that it would recapture areas of annexed territory that fell back into Ukrainian control. Moscow’s warning came as Ukraine continued its counter-offensive, leaving thousands of Russian troops running for their lives.
Britain’s government has dropped plans to cut income tax for top earners, part of a package of unfunded cuts that sent the pound to record lows.
Queen Elizabeth II, Britain’s longest-serving monarch, has died at Balmoral Castle in Scotland, aged 96, after reigning for 70 years, the palace said.
Liz Truss became Britain’s prime minister on Tuesday after Queen Elizabeth II asked her to form a government as the nation faces its biggest challenges in years.