Former Pakistan Prime Minister Imran Khan has been shot at a protest march in what his supporters are saying was an assassination attempt.
14.10.2022 - 21:49 / foxnews.com
British Prime Minister Liz Truss will move to reshape her government’s economic policy after firing Chancellor of the Exchequer Kwasi Kwarteng and dropping key parts of her economic plan in response to market panic caused by the proposed "mini-budget." "After the fallout from the mini-budget, the Prime Minister needed to take drastic action to calm the markets and save her job," Alan Mendoza, executive director of the Henry Jackson Society, told Fox News Digital. "Sacking the architect of the policy, while brutal, was the most logical way to restore confidence and give her some breathing space to regroup politically." "Once [Truss] reached that conclusion it was only a matter of time before she acted on it, as had she not, it would now be her head on the platter rather than his," Mendoza added. The British pound dropped sharply after the government announced Kwarteng’s "mini-budget," a series of cuts to taxes intended to spur growth and fight record inflation.The program proved contentious, and Kwarteng did not explain how the government planned to fund the cuts and offset the costs. "We need a new approach for a new era, focused on growth," Kwarteng told lawmakers in the House of Commons when he introduced the plan, which he argued would provide short-term help for homes and businesses in the face of spiking energy costs while trying to increase tax revenues in the coming years. FILE - Britain's Chancellor of the Exchequer Kwasi Kwarteng arrives in Downing Street in London, on Sept.
7, 2022 for the first cabinet meeting since Liz Truss was installed as British Prime Minister a day earlier. Britain’s Conservative government is expected to publish an emergency budget statement Friday, Sept.
Former Pakistan Prime Minister Imran Khan has been shot at a protest march in what his supporters are saying was an assassination attempt.
Imran Khan, the former Pakistan Prime Minister, has been shot in what is understood to be an assassination attempt. It is believed Khan was injured in his foot during the incident.
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K.J. Yossman U.K. Prime Minister Liz Truss has sacked Kwasi Kwarteng as Chancellor of the Exchequer – the government’s top financial post – after just five weeks into office. The move comes as the U.K. continues to deal with the fall-out of Kwarteng’s mini-budget, which Truss endorsed and triggered financial turmoil, including a steep rise in interest rates. The country as already been dealing with sky-rocketing energy costs as well as a cost of living crisis, which is affecting both individuals and businesses. Kwarteng was in the U.S. for business when he was called back urgently on Friday (Oct. 14) to hear he’d been sacked. At time of writing, Truss had not yet announced his replacement.