British Prime Minister Rishi Sunak's Conservative Party is set for a heavy defeat at a national election expected this year, according to a seat projection as per a YouGov report published on Wednesday which showed the opposition Labour Party winning more than 400 seats. Watch to know more!
Sunak became the ruling Conservatives' new leader on Monday after rival contender Penny Mordaunt failed to secure enough nominations from Tory MPs, and Boris Johnson dramatically aborted a comeback bid.
Liz Truss acknowledged that the U.K. faces “a very turbulent and stormy time,” but said her policies would lead to a “high-growth, low-tax economy” in the longer term.
British newspaper front pages on Wednesday described Johnson’s reign as “on the brink” and “hanging by a thread.” Online betting markets suggest the prime minister will be replaced in 2022, with Paddy Power Plc only paying out £1 ($1.20) for every £10 placed on Johnson’s departure before the end of the year.
The Conservatives, the only other party to form a government in Canada, are readying for a fight and see the truckers and their followers not as outcasts but as political currency that can bring in votes — and money.
Several of the biggest fund managers based in London are drawing up plans to move trillions of pounds of assets and thousands of jobs outside of Britain should the country vote to leave the EU in a referendum due by the end of 2017, the Sunday Times said.
Pope Benedict was cheered by conservatives for trying to reaffirm traditional Catholic identity but liberals accused him of turning back the clock on reforms and hurting dialogue with Muslims, Jews and other Christians.