Page 40 - Britain

British PM removes Kwarteng as finance minister amid row over economic plan

Truss had been under intense pressure to scrap some of the £43 billion ($48 billion) in unfunded tax cuts that roiled financial markets and led the BoE to step in to prevent a wider economic crisis

British Sikh MP Preet Kaur Gill seeks 'urgent action' on rising hate crimes

Preet Kaur Gill, an Indian-origin British Sikh MP, in a letter to Home Secretary Suella Braverman, has sought protection and urgent action against rising crimes against the community in the UK.

UK needs more migrants to boost growth, says CBI business lobby survey

Three-quarters of respondents believe a lack of access to labor is threatening the UK's competitiveness as a place to employ people, the Confederation of British Industry said Tuesday.

Indian car makers propose tax cut on imports in trade deal with Britain

Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain

UK shows labour market slowdown with recession concerns rising: Survey

As a result, vacancies and the number of people placed in roles both rose at the slowest pace in more than a year and a half

UK Home Secretary casts doubt on FTA over open borders with India

Britain's Indian-origin Home Secretary, Suella Braverman, has cast doubts over a proposed free trade agreement (FTA) with India over the issue of migration and branded Indians as the largest group of people who overstay their visas in the UK. Expressing concerns over what she feared would be an open borders migration policy in an interview with The Spectator' on Thursday, the senior minister seemed to indicate that she would not offer Cabinet backing to a trade deal that offers India greater visa concessions. It would pitch her in a possible clash with British Prime Minister Liz Truss, who wants an FTA with India now in the final round of negotiations within the Diwali deadline set by her predecessor Boris Johnson. I have concerns about having an open borders migration policy with India because I don't think that's what people voted for with Brexit, Braverman told the British weekly news magazine. Asked about visa flexibility for students and entrepreneurs under an India-UK FTA,

King Charles III's coronation ceremony to be held in June next year: Report

King Charles III's coronation ceremony is set to take place on June 3, 2023, according to Page Six

Facing an economic crisis, is the UK turning into an emerging market?

The Truss government's two most problematic policies are the tax cuts for the wealthy and the energy subsidies

Amazon boasts of 25% increase in British marketplace sellers in 2021

The number of small and medium-sized British businesses selling over Amazon.com Inc.'s marketplace soared by more than 25% in 2021, faster than in Germany, France or Italy.

Mishandled tax-cut announcement, acknowledges British PM Liz Truss

Traders drove to the pound to a record low in the aftermath of Kwarteng's fiscal statement, govt borrowing costs soared and the Bank of England to intervene to prevent a meltdown in the gilt market

Royal Mint unveils first coins to feature King Charles III's portrait

Britain's Royal Mint has unveiled the first coins to feature the portrait of King Charles III. Britons will begin to see Charles' image in their change from around December, as 50-pence coins depicting him gradually enter circulation. The new monarch's effigy was created by British sculptor Martin Jennings, and has been personally approved by Charles, the Royal Mint said Friday. In keeping with tradition, the king's portrait faces to the left the opposite direction to his mother's, Queen Elizabeth II. Charles has followed that general tradition that we have in British coinage, going all the way back to Charles II actually, that the monarch faces in the opposite direction to their predecessor," said Chris Barker at the Royal Mint Museum. Charles is depicted without a crown. A Latin inscription surrounding the portrait translates to King Charles III, by the Grace of God, Defender of the Faith." A separate memorial 5-pound coin remembering the life and legacy of Elizabeth will be ..

King Charles III may not replace Queen Elizabeth on Australia's $5 notes

Just weeks after Queen Elizabeth II's death, Australia is already hinting it might not replace her with King Charles III on its five-dollar banknotes when they're eventually reprinted

Banknotes featuring King Charles III will be in circulation by 2024: BOE

The central bank will reveal the image of the new monarch to be used on the polymers by the end of the year, it said in a statement

Sterling tumbles nearly 5% to all-time low on tax reforms, shows data

The currency dived as much as 4.85 per cent to an unprecedented $1.0327, extending a 3.61 per cent dive from Friday, when finance minister Kwasi Kwarteng unleashed historic tax cuts

After Queen Elizabeth's funeral, UK's royal family must reform to survive

As recession looms, however, and the pound sinks to its lowest in nearly four decades, it is time to ask: Can the monarchy reform fast and radically enough to adapt?

Long live the queue: 'The greatest bit of British performance art'

Watching the dogged determination of those in the queue to view the Queen's coffin was both awe-inspiring and comic - a marvel of organisation, discipline, and singularity

Britain sends investors fleeing with historic tax cuts and borrowing

Pound slides below $1.11 for first time in 37 years

When it comes to secessionism, identity trumps economic development

India, aware of the separate identities problem, tried to solve it 72 years ago through articles 370-72 of the Constitution. That success should not be challenged by trying to forge a single identity

After India, now the UK also has to wrestle with Hindu-Muslim clashes

Now the UK Has to Wrestle With India's Demons, Too

Over 2,000 guests gather in Westminister Abbey to join Queen funeral today

More than 2,000 guests will gather in London's Westminster Abbey on Monday for the funeral of Queen Elizabeth II, who passed away on September 8 at the age of 96.