Liz Truss

New PM must win over Joe Biden after threats to rip up Northern Ireland protocol, but will find common ground on Ukraine.

When she lands back on British soil on Thursday, Truss will be putting the finishing touches to her mini-budget, which is expected to confirm national insurance cuts. Ahead of the trip, Truss said: “Ukraine’s victories in recent weeks have been inspirational. We need to work together to end this once and for all.” Your security is our security.” Truss will use her visit to the UN general assembly in New York to underline Britain’s long-term commitment to Ukraine and its people with a pledge of at least £2.3bn in military aide next year. Biden has expressed concerns that peace in the province should not be undermined by the Brexit row, and has been reluctant to strike a free trade deal with the UK as a result.

A trade deal between the UK and the US is unlikely in the short to medium term, Liz Truss said as she touched down in New York on her debut foreign trip as ...

Brexit supporters insisted that the 2016 Leave vote would open the way for a free trade agreement with the US, which would dwarf trade deals with countries such ...

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The Prime Minister stressed her trade priority is striking agreements with India and the Gulf states.

She had been set to talk to the US President in Britain over the weekend as he visited for the Queen’s funeral, but the meeting was postponed. But she heavily downplayed the chances of talks even resuming to get the comprehensive deal with the States that was billed by Brexit backers as a major benefit of leaving the EU during the referendum. When Boris Johnson last visited the US as prime minister, Mr Biden downplayed the chances of a deal with the UK as he warned against tampering with the “Irish accords” amid a row over the post-Brexit protocol.

An agreement with Washington was once trumpeted as a post-Brexit prize by British politicians, but looks out of reach for now.

did not want the offer of a deal to be a “sword of Damocles” hanging over negotiations on the Northern Ireland protocol, which the U.S. and I don’t have an expectation that those are going to start in the short to medium term.” NEW YORK — On the eve of her arrival in New York for the U.N. They added that the U.K. trade deal with the United States is unlikely to happen for many years to come. A U.S.-U.K.

Former Prime Minister Boris Johnson had championed a US trade deal as a big Brexit bonus, but was later forced to admit that Washington 'had a lot of fish ...

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It comes as political action resumes after the period of national mourning for the Queen. Ms Truss sparked a diplomatic row during the Tory leadership contest when she declined to give a clear answer when asked if the president of the allied nation was a “friend or foe”. Liz Truss will meet Joe Biden and Emmanuel Macron in New York against the backdrop of Brexit tensions and questions over whether she regards the French leader a “friend or foe”.

British Prime Minister Liz Truss will pledge at a UN summit to meet or exceed the 2.3 billion pounds ($2.6 billion) of military aid spent on Ukraine in 2022 ...

"Too many lives – in Ukraine, in Europe and around the world – are being manipulated by a dependence on Russian energy," she added. Your security is our security," she said in a statement before her speech to the summit, which begins on Thursday. In New York, where Truss will meet U.S. Register now for FREE unlimited access to Reuters.com

It was a field day for the global media on Monday as Britain's Queen Elizabeth II was laid to rest next to her late husband Prince Philip and parents in an ...

Queen Elizabeth II was the longest reigning monarch in the history of the UK. Here are a few of the best. While it is commonly perceived that the Queen’s life would have classy sans drama, however, her life in the palace turns out to be quite the contrary. Throughout her reign, the Queen had been seen as one of the most admired and respected personalities in the world. [Anthony Albanese](/topic/anthony-albanese), the Australian Prime Minister, and his partner Jodie Haydon as they entered Westminster Abbey chapel. [King Charles III](/topic/king-charles-iii)and senior royal family members for the private interment ceremony at [St.

An Australian news reporter has defended misidentifying Prime Minister Liz Truss as a member of the royal family during Queen Elizabeth II's funeral. Peter ...

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The newly-appointed Conservative leader was given the honour of speaking at the state funeral of the late monarch - who died aged 96 on September 8 - and she ...

Chris Bryant says Truss attempted to 'pull wool over our eyes' about raising rights with Gulf leaders.

Noting that Truss’s seemingly erroneous comments could have been inadvertent, Bryant noted that in such cases the ministerial code dictates that ministers should set the record straight as soon as possible and apologise. I am not going to go into all the details of private conversations, which I will come back to you on in due course.” She replied: “I have personally, yes.”

Latest updates: party says prime minister has 'tarnished UK's international reputation' as she visits US.

Labour opposed Brexit in 2016, but under Keir Starmer it is now presenting itself as the party that would “make Brexit work”, and it now routinely attacks the Tories for failing to implement Brexit properly. Nick Thomas-Symonds, the shadow international trade secretary, says Truss’s admission that the US free trade deal won’t happen is “terrible news” for the economy. When it comes to a free trade deal with the US, post-Brexit Britain really is at the back of the queue. I try to monitor the comments below the line (BTL) but it is impossible to read them all. No one who has followed progress towards the “massive” free trade deal once promised will be surprised by the substance of what Truss said; it has been clear since Joe Biden won the US presidential election that for the time being the deal is all but dead. The Truss comment also marks the return of No 10 as a news-generation machine. However, it is expected to include equipment like the multiple launch rocket system, provided to Ukraine by the UK and others, which has been decisive in allowing Ukraine to re-gain over 3,000 square kilometres of territory in recent days. The UK is already the second largest military donor to Ukraine, committing £2.3bn in 2022. The bits in relation to children and online safety will not be changing. In her first PMQs as prime minister, Liz Truss said that under her premiership there would be “tweaks” to the online safety bill to ensure it did more to protect free speech. This is the latest broken promise on trade from Liz Truss and the Conservatives. They would only relate to ensuring “we’ve got the balance right in terms of free speech in relation to adults”, she said.

As national mourning for the Queen ends, a priority for the Prime Minister is strained relations with the US and France.

Labour would scrap the changes to the Northern Ireland Protocol and restore the UK’s aid budget to 0.7 per cent of GDP. The French president then seemed to take the moral high ground with a series of affectionate tributes to the Queen and the British people over the past few days. The White House stressed that during their first phone call Truss and [Joe Biden](https://www.newstatesman.com/tag/joe-biden), the president, agreed on the importance of Britain reaching a negotiated agreement with the EU; Truss has also admitted over night that a trade deal is unlikely to be agreed with the US for years. Truss also faces a tricky reception from the French. Her commitment to maintain high levels of military aid for Ukraine and harden the UK’s policy on China may be warmly received in the White House. The national period of mourning is over and politics will return to the fore.

Prime Minister Liz Truss signaled she's prepared to take unpopular decisions to boost the UK's economic growth as her new government considers scrapping a ...

PM's remarks suggest tax cuts set to be unveiled in Friday's 'fiscal event' may not be the last, with full budget expected in November.

“The number one thing we need to deliver as a government, and in fact as a country, is economic growth,” she said. This is about growing the size of the pie.” We need to be competitive.”

Ahead of tax-cutting mini-Budget, prime minister signals that she may scrap the cap on bankers' bonuses.

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US president attacks 'trickle down' economics, as PM says tax cuts benefitting rich most will help everyone in long-run.

“I’ll always work to make sure that we are helping those who are struggling,” she said, pointing to her plan to freeze annual household energy bills at £2,500. In a message on Twitter ahead of talks, Mr Biden said: “I am sick and tired of trickle-down economics. But business chiefs told The Independent that they fear Wednesday’s statement could continue to leave firms “in the dark” – urging the government to spell out exactly how and when bills will be cut. Mr Kwarteng is expected to announce the set-up of low-tax and low-regulation investment zones. Macron himself said his first in-person talks with Ms Truss touched on a wide range of topics, including Ukraine and European matters. But No 10 indicated that there will be no OBR forecast. Asked about businesses’ demand for a longer-term plan, the PM said: “We will be providing support in the longer term. We’re building an economy from the bottom up and middle out.” On Wednesday Ms Truss’s government will set out new details of the plan to cap businesses’ energy bills for six months. “What I want to see is a growing economy,” she said. Ms Truss said she was willing to make unpopular moves in her quest for growth. Her official spokesman said: “Any suggestion that it’s in some way a direct criticism of UK policy would be ludicrous.

PM's remarks pave way for radical overhaul that could include rethinking income tax brackets.

She added: “What I’m about is getting those economic fundamentals right and what the chancellor will be outlining on Friday is his approach showing that we are fiscally responsible, we’re going to carry out our policies in a fiscally responsible way. “My belief is that Britain’s economic fundamentals are strong,” she told the BBC. “We should be setting our tax policy on the basis of what is going to help our country become successful. Truss told Sky News she was prepared to be an unpopular prime minister to bring in measures she believed would help the economy. Kwarteng is also expected to announce that the cap on bankers’ bonuses will be scrapped. So corporation tax needs to be competitive with other countries so that we can attract that investment.”

It is surely a fantasy that further tax cuts and deregulation will transform performance.

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UK PM is reviving the idea that cutting taxes for the better off ultimately benefits everyone. The IMF disagrees.

“This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class.” Moreover, Reagan’s combination of tax cuts for the rich and a big increase in defence spending resulted in a threefold increase in US federal government debt between 1981 and 1989. Laffer said tax cuts for the wealthy had a powerful multiplier effect and any revenues lost by governments from reducing tax rates would be more than compensated for by the fruits of higher growth.

British Prime Minister Liz Truss said her government needed to review tax rates and take difficult decisions to stimulate economic growth, speaking to ...

"My belief is that Britain's economic fundamentals are strong. What is important to me is that we grow the British economy." Register now for FREE unlimited access to Reuters.com

Reports that stamp duty will be cut as PM uses speech to UN to argue for far-reaching tax reductions, putting her at odds with Joe Biden.

“We should be setting our tax policy on the basis of what is going to help our country become successful. She told reporters on the plane to the US: “Lower taxes lead to economic growth, there is no doubt in my mind about that.” Some Tory MPs believe that chancellor Kwasi Kwarteng could bring forward by a year the pledge made by his predecessor Rishi Sunak when chancellor, to cut income tax by 1% from 2024. We will no longer be strategically dependent on those who seek to weaponise the global economy’”. In an interview at the top of the Empire State Building on Tuesday, she told the BBC: “We do have to take difficult decisions to get our economy right. In her latest break from Treasury orthodoxy, Truss vowed on Tuesday to review all tax rates to help struggling households and businesses through the cost of living crisis.

She will also commit her government to raising Britain's defence spending to 3 per cent of gross domestic product by 2030 in order to address new military ...

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PRNewswire/ -- The Empire State Building (ESB) today hosted the Prime Minister of the United Kingdom of Great Britain and Northern Ireland, Liz Truss for ...

[The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3654337-1&h=86796639&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), the "World's Most Famous Building," owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3654337-1&h=2336631232&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. More information about the Empire State Building can be found [online](https://c212.net/c/link/?t=0&l=en&o=3654337-1&h=438936024&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3654337-1&h=1275708601&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Malkin welcomed the Prime Minister and escorted her through the Empire State Building Observatory to her interviews which she conducted on the Observatory's 102nd floor. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3654337-1&h=952231945&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [YouTube](https://c212.net/c/link/?t=0&l=en&o=3654337-1&h=95173748&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3654337-1&h=3235100821&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). Prime Minister to visit the Empire State Building Observatory since Winston Churchill's appearance in 1932. The Empire State Building was Truss' first stop on her first U.S. [here](https://c212.net/c/link/?t=0&l=en&o=3654337-1&h=2777388003&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2Fwouizzmjx4tx6dv%2FAADxWJNmNyqltKOsmITc1PwTa%3Fdl%3D0&a=here). The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3654337-1&h=3901936144&u=https%3A%2F%2Fwww.esrtreit.com%2F&a=Empire+State+Realty+Trust) Chairman, President, and CEO Anthony E. [Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3654337-1&h=675305662&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=Empire+State+Building) (ESB) today hosted the Prime Minister of the United Kingdom of Great Britain and Northern Ireland, Liz Truss for her first media interviews.

Prime Minister Liz Truss will cut the rates of stamp duty for UK home purchases as the government attempts to stimulate growth, The Times of London ...

British Prime Minister Liz Truss will announce plans to cut stamp duty property tax in the government's mini-budget this week in an attempt to drive ...

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The business of governing the United Kingdom resumes this week after the mourning period for Queen Elizabeth II, and new Prime Minister Liz Truss appears ...

Ms. Truss is betting voters want the Tories to be a party of prosperity again. This fiasco tanked voter trust in the Conservatives in opinion polls and sank Mr. Tories chose that over the orthodoxy pushed by opponent Rishi Sunak, Mr. Britain’s high-tax, low-deficit fiscal scolds claim to be stewards of the pound and gilts, but the real threat to the exchange rate and the marketability of British government debt is a failing economy. is expected to be the worst-performing major economy next year. Inflation is 10.1% and the U.K. Truss says the goal is to return the U.K. As important as the details is the philosophy. These could involve a reduction in the 20% rate that applies on incomes up to about £50,000, and an adjustment to tax brackets in light of recent inflation. [Boris Johnson](/topics/person/boris-johnson), and freeze the top corporate rate at 19% rather than raising it to 26% as Mr. Press leaks suggest several major policy announcements culminating in a new tax-cut plan on Friday.