Liz Truss will 'still be Prime Minister at Christmas' despite Tory rebellion, predicts Jeremy Hunt

The Government is poised to extend a windfall tax on energy giants after Shell yesterday revealed “obscene” profits of more than £1000 a second.

As Rishi Sunak starts his first full day as Prime Minister he is likely to face a huge number of challenges after taking over from Liz Truss who last just 49 days in office.

Rishi Sunak took aim at Liz Truss during his first address to the nation as prime minister saying "mistakes were made" while she was in office.

Incoming British Prime Minister Rishi Sunak has promised to unite the country “not with words but with actions” and said “mistakes were made” during the disastrous 44-day reign of his now-predecessor Liz Truss.

Rishi Sunak has officially been appointed the 57th Prime Minister after he met the King at Buckingham Palace today.

Penny Mordaunt has become the first candidate to throw her hat into the ring in the race to succeed Liz Truss as prime minister, with a pledge to re-unite the bitterly divided Tory Party.

The Tory leadership election is heating up as a new prime minister is set to be chosen next week following Liz Truss' bombshell resignation.

Liz Truss has resigned as Prime Minister less than six weeks after she was appointed.

Liz Truss has resigned as Prime Minister after less than 50 days in charge.

Liz Truss faces a tough clash with Sir Keir Starmer at Prime Minister's Questions today, having been forced to junk her entire economic strategy and with her leadership in peril.

Liz Truss has apologised for her 'mistakes' and has pledged to lead the Tories into the next general election as she fought for her job after ditching her tax-cutting plans. The Prime Minister said she has 'adjusted what we’re doing' after the Government’s fiscal policies spooked the markets.

Liz Truss looks like she is a leader ‘totally out of her depth’, according to voters in Manchester, with the vast majority calling for a general election.

New Chancellor Jeremy Hunt delivered an economic statement today to try and stabilise the markets.

Jeremy Hunt has announced the government will make a number of U-turns as he rips up the Government's mini-budget. He made the announcement during a televised address on Monday (October 17).

Three Tory MPs have told Liz Truss to quit over the economic chaos caused by her mini-Budget.

U.K. Prime Minister Liz Truss' push to cut taxes for her country's highest earners was a "mistake," President Biden stated Saturday. Truss was forced to scrap large portions of her tax plan last week amid market turmoil and disintegrating public confidence.

Britain is facing a tough winter. Soaring energy costs and limited gas supplies have plunged the country into the worst energy crisis for decades, and Prime Minister Liz Truss is yet to rule out the possibility of blackouts over the coming months.

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.