Arms dealer Bhandari faces risk of violence & extortion in Tihar, former SC judge tells UK court
On Monday, an embattled Kwarteng announced he would not go ahead with plans to abolish the 45p additional tax for those who earn above £150,000 (Rs 1.3 crore) annually in the UK following a growing backlash from the members of his own Conservative party and the public who had branded the move as a tax cut for the rich.
ICICI Bank launches special account for Indian students in UK
ICICI Bank UK, a wholly-owned subsidiary of Vadodara-headquartered ICICI Bank, on Monday announced the launch of a new account designed for Indian students headed for higher education in Britain. The HomeVantage Current Account (HVCA), which comes with a Visa debit card valid for use anywhere in the world, can be activated digitally before the students leave India for the UK.
Sterling briefly jumps after British government tax U-turn
'We get it and we have listened' after policy U-turn: Liz Truss
Liz Truss and Kwarteng forced into humiliating tax U-turn
UK scraps tax cut for wealthy that sparked market turmoil
Treasury chief Kwasi Kwarteng said on Monday that he will not scrap the top 45 per cent rate of income tax paid on earnings above 150,000 pounds ($167,000) a year. “We get it, and we have listened,” he said in a statement.
Truss says she should have laid ground better for economic plan
On the first day of her governing Conservative Party's annual conference, Truss, in power for less than a month, adopted a softer tone by trying to reassure the public she would look after them during a difficult winter and beyond.
UK 'will never accept' Russian annexation of four Ukrainian territories: PM
Prime Minister Liz Truss on Friday accused Vladimir Putin of breaching international law as Russia prepared to formally annex four occupied Ukrainian territories. Truss criticised the Russian leader for showing "clear disregard for the lives of the Ukrainian people he claims to represent". "The UK will never accept the regions of Donetsk, Luhansk, Kherson and Zaporizhzhia as anything other than Ukrainian territory," she added.
5 Bangladeshi cabbies in London charged with aiding people smuggling network
Five Bangladesh cabbies in UK charged with people smuggling
The UK's national crime agency (NCA) has broken up a sophisticated people smuggling network that allegedly involves five Bangladeshi taxi drivers in London ferrying migrants to and from lorries that illegally transport them into and out of Britain.
Queen Elizabeth II died of 'old age': Death certificate
Queen Elizabeth II died of "old age" at 3:10 pm (1410 GMT) on September 8, according to her death certificate newly released on Thursday by the National Records of Scotland. The 96-year-old monarch died at her Balmoral estate in Scotland around three-and-a-half hours before the news was announced to the world.
Sterling drops 1% as PM Truss defends economic plans
Truss said big tax cuts were the right path for Britain and refused to consider reversing the so-called "mini budget" laid out last week. The pound was last down 0.88% to $1.0791 after hitting a session low of $1.0764. The euro was up 0.18% against sterling at 89.54 pence.
UK PM Truss defends 'controversial' tax cuts despite market turmoil
"We had to take urgent action to get our economy growing, get Britain moving, and also deal with inflation," Liz Truss said in her first comments since Friday's mini-budget. "And of course, that means taking controversial and difficult decisions, but I'm prepared to do that as prime minister."
Government will not reverse economic plan: Liz Truss
Asked during an interview on BBC local radio if it was time to reverse the mini-budget, Truss said: "No, it isn't because ... the majority of the package we announced on Friday was the support on energy for individuals and businesses and I think that was absolutely the right thing to do."