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UK’s Liz Truss struggles to save premiership after tax U-turns

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UK’s Liz Truss struggles to save premiership after tax U-turns

Britain’s Prime Minister Liz Truss is insisting on her devotion to “sound” economics as she heads into disaster talks along with her new finance minister, and a tense week of plotting by Conservative critics.

With even US President Joe Biden becoming a member of in assaults on her financial agenda, Truss wrote within the Solar on Sunday newspaper: “We can’t pave the best way to a low-tax, high-growth financial system with out sustaining the arrogance of the markets in our dedication to sound cash.”

That confidence was jeopardised on September 23 when former Chancellor Kwasi Kwarteng and Truss unveiled a right-wing programme, impressed by Eighties US President Ronald Reagan, of 45 billion kilos ($50bn) in tax cuts financed completely by increased debt.

Markets tanked in response, driving up borrowing prices for thousands and thousands of Britons, and the Conservatives’ ballot scores have equally slumped, resulting in open warfare within the governing occasion mere weeks after Truss succeeded Boris Johnson.

Regardless of co-authoring the package deal herself, she fired Kwarteng on Friday. His substitute, Jeremy Hunt, is now dismantling the tax cuts whereas urgent for spending restraint by his cupboard colleagues whilst Britons endure a cost-of-living disaster.

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‘The prime minister’s in cost’

Al Jazeera’s Andrew Simmons, reporting from London, mentioned Truss is making an attempt to persuade the markets that she will be able to ship outcomes as she fights for her political profession.

“The conservative authorities is in search of one other chief, there isn’t a doubt about that, however the query is might it result in a normal election,” he mentioned.

“Conservatives don’t need that.”

The brand new chancellor met Truss on the prime minister’s nation retreat on Sunday to thrash out a brand new finances plan he is because of ship on October 31.

“It’s going to be very, very troublesome, and I feel we now have to be trustworthy with folks about that,” Hunt mentioned in a BBC tv interview broadcast Sunday.

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He defended Truss after her climbdowns, and after a disastrous information convention she held on Friday shortly after sacking Kwarteng.

“She’s been keen to do this most troublesome of issues in politics, and that’s to vary tack,” Hunt mentioned, including: “The prime minister’s in cost.”

Newspapers and several other Conservative Celebration members questioned that verdict, arguing that Truss’s central coverage platform now lies in ruins.

The Treasury declined to substantiate stories that Hunt plans to delay a deliberate minimize to the fundamental charge of earnings tax, eradicating yet one more headline measure introduced by the brand new authorities final month.

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No-confidence letters

As much as 100 letters expressing no confidence in Truss have been submitted by Conservative MPs, the Sunday Occasions and Sunday Categorical mentioned.

Opponents are mentioned to be coalescing round Truss’s defeated management rival Rishi Sunak and one other one-time foe, Penny Mordaunt, for a attainable “unity ticket” to rebuild the stricken Conservatives.

Defence secretary Ben Wallace might be one other compromise candidate for chief, the Sunday Mirror reported.

“I fear that, over the previous few weeks, the federal government has … handled the entire nation as form of laboratory mice through which to hold out extremely, extremely free-market experiments,” Conservative MP Robert Halfon, who supported Sunak, instructed Sky Information.

“After all, colleagues are sad with what’s going on, with haemorrhaging within the opinion polls,” he mentioned. “It’s inevitable that colleagues are… speaking to see what may be accomplished about it.”

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The approaching week might be key for Truss, beginning with the primary reactions on bond and forex markets when buying and selling resumes on Monday, and as her restive members of parliament reconvene in Westminster.

Hunt at the least has received essential backing from Financial institution of England Governor Andrew Bailey, who needed to stage expensive interventions to calm the bond markets as much as Friday.

Bailey welcomed a “very clear and rapid assembly of minds” with the brand new chancellor, because the central financial institution readies to carry its subsequent rate-setting assembly on November 3.

However Biden, in a extremely uncommon intervention in an ally’s monetary affairs, decried Truss’s makes an attempt to chop taxes on the “super-wealthy”.

“I wasn’t the one one which thought it was a mistake,” the Democratic president argued on Saturday.

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WikiLeaks’ Assange is free after pleading guilty in deal with Justice Department

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WikiLeaks’ Assange is free after pleading guilty in deal with Justice Department

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WikiLeaks founder Julian Assange pleaded guilty Tuesday in connection with a deal with federal prosecutors to close a drawn-out legal saga related to the leaking of military secrets that raised divisive questions about press freedom, national security and the traditional bounds of journalism.

The plea to a single count of conspiring to obtain and disclose information related to the national defense was entered Wednesday morning in federal court in Saipan, the capital of the Northern Mariana Islands, an American territory in the Pacific.

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WikiLeaks founder Julian Assange, second from right, arrives at the United States courthouse where he is expected to enter a plea deal in Saipan, Mariana Islands, Wednesday, June 26, 2024. (AP Photo/Eugene Hoshiko) (AP )

Assange said that he believed that the Espionage Act under which he was charged contradicted his First Amendment rights but that he accepted that encouraging sources to provide classified information for publication can be unlawful.

“I believe the First Amendment and the Espionage Act are in contradiction with each other but I accept that it would be difficult to win such a case given all these circumstances,” he reportedly said in court. 

Under the terms of the deal, Assange is permitted to return to his native Australia without spending any time in an American prison. He had been jailed in the United Kingdom for the last five years, while fighting extradition to the United States.

A conviction could have resulted in a lengthy prison sentence. 

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AUSTRALIAN LAWMAKERS SEND LETTER URGING BIDEN TO DROP CASE AGAINST JULIAN ASSANGE ON WORLD PRESS FREEDOM DAY

Julian Assange after being released from prison

Screen grab taken from the X account of WikiLeaks founder Julian Assange following his release from prison on Tuesday June 25, 2024. Assange has arrived in Saipan ahead of an expected guilty plea in a deal with the U.S. Justice Department that will set him free to return home to Australia. (@WikiLeaks, via AP)

WikiLeaks, the secret-spilling website that Assange founded in 2006, applauded the announcement of the deal, saying it was grateful for “all who stood by us, fought for us, and remained utterly committed in the fight for his freedom.”

Federal prosecutors said Assange conspired with Chelsea Manning, then a U.S. Army intelligence analyst, to steal diplomatic cables and military files published in 2010 by WikiLeaks. Prosecutors had accused Assange of damaging national security by publishing documents that harmed the U.S. and its allies and aided its adversaries.

Manning was sentenced to 35 years in prison. President Barack Obama commuted the sentence in 2017 in the final days of his presidency.

Assange has been celebrated by free press advocates as a transparency crusader but heavily criticized by national security hawks who say he put lives at risk and operated far beyond the bounds of journalism.  

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SUPPORTERS OF JULIAN ASSANGE RALLY AT JUSTICE DEPT. ON 4-YEAR ANNIVERSARY OF DETAINMENT

Julian Assange boarding a plane

Julian Assange seen boarding an airplane. (Getty Images)

Weeks after the 2010 document cache, Swedish prosecutors issued an arrest warrant for Assange for allegedly raping a woman and an allegation of molestation. The case was later dropped. Assange has always maintained his innocence. 

In 2012, he took refuge in the Ecuadorian Embassy in London, where he claimed asylum on the grounds of political persecution, and spent the following seven years in self-exile there. 

The Ecuadorian government in 2019 allowed the British police to arrest Assange and he remained in custody for the next five years while fighting extradition to the U.S. 

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The Associated Press contributed to this report.

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France elections: Germans prepare for seismic change in EU politics

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France elections: Germans prepare for seismic change in EU politics

As France gears up for the shocking snap elections that French President Emmanuel Macron called during the EU elections, Germans are preparing for a seismic change in EU politics.

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With the upcoming French elections just around the corner, Germany is bracing itself for the results, which are expected to swing to the right.

Climate, migration and gender equality policies are likely to be affected on a national level in France if far-right Marine Le Pen’s National Rally party wins. Yet, political scientist Prof Dr Miriam Hartlapp warned the effects could ripple across the European Union.

“Policymaking in Brussels will change because members of this right-wing populist party could sit in the Council of Ministers. This creates a different situation for countries like Germany and other European nations,” Hartlapp said.

“France is not a small member state, but a large and important one. We can expect that European climate policy, asylum and migration policy, and gender equality policy at the European level will then look different,” she added.

Hartlapp said the swing to the right has spread across Europe as the dissatisfaction with current governments is reflected in the political climate.

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Germans are aware of the changes and this “causes concern,” Harlapp said, pointing at German Chancellor Olaf Scholz’s recent interview where he said he hopes “that parties that are not [Marine] Le Pen, to put it that way, are successful in the election. But that is for the French people to decide.”

Hartlapp added that the EU can expect immigration-related cases to be brought to the European Court of Justice.

“Some points in the National Rally‘s program clearly contradict the fundamental rights of the European constitution. For example, immigrants in France not having the same rights as French citizens when it comes to housing and social benefits. This directly contradicts EU law,” she said.

Meanwhile, in Germany, individual politicians from the far-right party Alternative for Germany (AfD) and extreme-right Die Heimat announced their plans to form factions in the eastern state of Brandenburg this week, after AfD outperformed all of the parties in the ruling coalition government during the EU elections.

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Live Updates: Kenyan President Vows to Prevent Violence ‘At Whatever Cost’

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President Ruto spoke after demonstrators in Nairobi breached the Parliament to protest the passage of a bill raising taxes on many basics. At least five people were killed, according to Amnesty International and several civic organizations.

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