Liz Truss was selected as the new leader of the UK's ruling Conservative Party on September 5, 2022, and was confirmed as the country's prime minister the following day. A China hawk, Truss promised prior to her ascension to take a tougher line on Beijing, including declaring genocide in Xinjiang. She had previously served as Foreign Secretary, during which role she cut funding for the Great Britain China Centre, a Foreign Office agency that maintains informal dialogues with China.
The financial turbulence in Britain is a reminder to governments everywhere, including here in Hong Kong, of the need for clear, consistent and pragmatic economic policies that are carefully thought through.
Truss and her ilk are ‘playing the Taiwan card’ to provoke, Chinese embassy in London says, warning against violations of ‘one-China principle’.
Truss will make a speech on threats to the island at the Prospect Foundation, a think tank sanctioned by Beijing.
The issue of Conservative MPs taking second jobs has been provoking fresh controversy as Britons endure the worst cost-of-living crisis in decades.
Truss’ premiership lasted just 49 days as she was forced to quit after a proposed US$54 billion package of unfunded tax cuts panicked the markets and tanked the pound.
A new approach to foreign policy with Beijing is needed as the so-called golden era between the two countries is over, Sunak says in first major foreign policy address on Monday.
Britain’s Finance minister Jeremy Hunt announces US$36 billion in spending cuts and US$28 billion in tax increases.
Hunt is trying to restore Britain’s credibility among investors in the first budget plan since Rishi Sunak replaced Liz Truss as prime minister last month.
Controversy over deputy prime minister and justice secretary Dominic Raab came after Sunak ally Gavin Williamson was forced out of the new government over alleged bullying.
Immigrants stunned by UK’s political chaos, but some find it inspiring to see ‘democracy in action’.
Britain’s new PM Rishi Sunak grew up as a child of privilege and married into nearly US$1 billion in tech money – and once claimed to have no ‘working-class friends’
The home secretary decided to stop booking hotels for asylum seekers being processed at a migration centre, resulting in thousands of people being detained illegally.
In an unconfirmed report, The Mail on Sunday cited unnamed security sources as saying that Truss’s personal mobile phone had been hacked ‘by agents suspected of working for the Kremlin’.
Readers discuss the plan to increase the levy on plastic bags, whether the measure goes far enough, and the need to treat climate change denial as fake news.
PM and finance minister Jeremy Hunt make ‘prudent’ decision, to allow more time to ensure new plan takes into account latest economic forecasts. Markets react, but the scale of moves is muted compared to the panic bond selling caused by Liz Truss’ September tax-cutting plan.
Singapore’s three PMs are all of Chinese descent, but observers note Sunak’s rise should not be ‘romanticised’ as he was chosen by a small circle of Tory MPs.
Rishi Sunak, the former Chancellor of the Exchequer, must navigate a cost-of-living crisis and regain the confidence of financial markets as prime minister
Outgoing British Prime Minister Liz Truss said the country faced ‘brighter days’ as she made her final speech as leader outside her Downing Street office.
Akshata Murthy is a billionaire heiress and the wife of Britain’s next prime minister Rishi Sunak – but how is she so rich and what is her luxury lifestyle like?
Here is a timeline of the recent political crises which engulfed both Boris Johnson and Liz Truss’ leadership and what ultimately led to their downfall.
India’s Modi called him a ‘living bridge’ between their two countries as he sent his congratulations.
Rishi Sunak will be Britain’s next prime minister after concerns over the economy, political missteps forced out his predecessor Liz Truss after six weeks in office.
Hong Kong’s biggest banks are expected to benefit from rising interest rates in the third quarter, but questions remain about how slowing growth, particularly in China, could affect bank bottom lines.
The money isn’t for private use, rather to help pay for the additional costs faced by former-prime ministers from being in “public life,” like staffing.
Former finance chief announces bid to replace Liz Truss as PM, promises ‘integrity, professionalism and accountability at every level of the government I lead’.