Sunak announces U.K. general election British Prime Minister Rishi Sunak announced Wednesday a general election will be held on July 4 as the center-right party's support dwindles after 14 years in power. CBS News' Ian Lee breaks down the latest after Sunak's announcement. May 22, 2024...
The prime minister announced on Tuesday he was pledging to increase spending by £75bn by 2030 to put Britain on a "war footing" against threats from China and Russia.
"This election will take place at a time when the world is more dangerous than it has been since the end of the Cold War," Sunak said in his announcement, standing at a lectern in the rain outside 10 Downing Street in London. "Putin's Russia is waging a brutal war in Ukraine, and...
Already, the markets have stabilised on the expectation that Sunak may be able to restore the UK’s finances. Before today’s announcement, the pound rallied higher at $1.13 on Monday morning as Boris Johnson exited the leadership contest, while the FTSE 100 started the day with a 0.5% boos...
UK Chancellor Rishi Sunak has today delivered his Spring Statement and, contrary to expectation, much of his speech to the House of Commons centred on taxation reform. In the announcement, Sunak introduced a new Tax Plan setting out his approach for taxation for the rest of...
Rishi Sunak has said he will introduce a new form of mandatory National Service for young people if the Conservatives win the general election. Latest update:Nobody would be jailed for refusing - home secretary In the first new policy announcement of the campaign, the prime minister has ...
"Employment is up. Investment is growing. Public services are improving. The public finances are stabilising. And wages are rising," he said to MP’s during his announcement. "Today's Budget delivers a stronger economy for the British people: stronger growth, with the UK recovering faster than...
Sunak has, however, remained quiet on the topic of BoE independence during the current election contest. In theory, an independent central bank should be free from the interest of politicians and focused on delivering monetary policy that reflects the needs of the economy, not those of elected ...
One big announcement was that the government will make beer and prosecco cheaper with achange to alcohol duty. Rishi Sunak also announced acut to the tax on domestic flightsin the UK. Also announced was a surpriseUniversal Credit (UC) taper change- the amount...
It’s been quite interesting actually, because you would expect that you would hear from those on the right of the party, those ardent Brexiteers really having a lot to say about Rishi Sunak’s announcement on Monday. But the whole atmosphere feels a little bit muted. It was quite striking...