Author: News Desk

Chancellor makes early return from IMF meeting in Washington amid rumours around his job and that of prime minister Liz Truss A No 10 source has told the BBC’s Chris Mason that the prime minister wants Kwasi Kwarteng to continue in the job and that she believes he is doing “an excellent job”. A senior Conservative MP has said that Liz Truss must not “nibble at the edges” but instead perform a “powerful” and “significant” U-turn with its so-far disastrous economic plan. My personal view is that it [a U-turn] should happen, we have reached a point where we need…

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Australian states issue evacuation orders after flooding Major flooding following torrential rain has led to evacuation orders being issued across three Australian states. Parts of Australia have received up to four times their average October rainfall in just 24 hours. So far, at least 500 homes have been flooded, one person has died and another is missing amid the widespread flooding. Victoria state has been the worst hit this week, with several communities ordered to evacuate, roads swamped, schools closed and power cuts for homes and businesses. Premier Daniel Andrews said the number of inundated homes was “absolutely certain to…

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Mel Stride says that markets won’t be settled if government’s policy change just ‘nibbles at the edges’ A senior Conservative MP has said that Liz Truss must not “nibble at the edges” but instead perform a “powerful” and “significant” U-turn with its so-far disastrous economic plan. Mel Stride, the chair of parliament’s Treasury select committee, told the BBC’s Today programme: “My personal view is that it [a U-turn] should happen, we have reached a point where we need this very powerful and significant signal to the markets that fiscal credibility is firmly back on the table, and I think that…

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