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10 News Virginia Today

Start your day with 10 News! We're covering weather where you live, traffic conditions for your commute and the news you need to know!

LIVE

10 News Virginia Today

LIZ TRUSS


1 day ago

Former British PM Truss brushes off Biden’s criticism of her budget: reports

Former British Prime Minister Liz Truss brushed off comments made by President Biden in October, criticizing her push to cut taxes for the country's highest earners.

foxnews.com
1 day ago

Former UK PM Liz Truss is blaming the left-wing 'economic establishment' for ousting her

Former U.K. Prime Minister Liz Truss is blaming a "powerful economic establishment" for bringing her chaotic 44-day tenure to an end last year.

cnbc.com
2 days ago

UK's shortest-serving PM Liz Truss blames economic 'orthodoxy' for downfall

Former British Prime Minister Liz Truss blamed England's economic "orthodoxy" for her unsuccessful economic policies during her short tenure in Parliament.

foxnews.com
2 days ago

It wasn’t me: Ex-UK PM Truss blames 'system' for her failure

Former British Prime Minister Liz Truss says her failure wasn’t her fault.

Ex-UK leader Truss to urge tougher China stance in Tokyo

Former British Prime Minister Liz Truss will join the former leaders of Australia and Belgium at a conference in Tokyo later this month to call for a tougher international approach to China.

Sunak marks 100 days as UK prime minister as problems mount

U.K. Prime Minister Rishi Sunak is marking 100 days in office.

UK Treasury chief: Tax cuts must wait for inflation to fall

Britain’s Treasury chief says taming inflation is more important than cutting taxes.

What Does Sunak Stand For? His Party Needs to Know

Internal Tory dissatisfaction is always an opportunity for renegades on the Right. Boris Johnson and Liz Truss haven’t gone too far.

washingtonpost.com

Conspiratorial Thinking Is an American Disease

In the past decade, conspiratorial thinking has shifted from a worrying factor in Republican politics to a defining feature.

theatlantic.com

UK house prices to fall by up to 10% this year, Lloyds Bank CEO says

U.K. house prices will fall by up to 10% this year, as higher mortgage rates and the broader cost of living crisis curtail home buying, Lloyds Bank CEO Charlie Nunn told CNBC on Tuesday.

cnbc.com

UK leader Sunak makes first visit to Scotland as PM

U.K. Prime Minister Rishi Sunak is expected to highlight the benefits of remaining in the U.K. when he meets with the Scottish leader during his first visit to Scotland since taking office.

UK PM reportedly restarts talks with SoftBank about listing Arm in London

Cambridge-based Arm is a major force in the semiconductor market, licensing its designs to some of the world's largest consumer tech manufacturers.

cnbc.com

3 prime ministers, 2 monarchs, 1 year: This was Britain's tumultuous 2022

2022 was the year in which Great Britain lost its queen of seven decades, gained a new king and saw three prime ministers take office. The year concluded with multiple strikes and inflation near 11%.

npr.org

Britain caps off topsy-turvy year of queen’s death, prime minister roulette with energy crisis, economic woes

Three prime ministers and two monarchs make 2022 the year of greatest change for the United Kingdom as energy and economic crises continue to loom through the winter.

foxnews.com

The Long Backstory to Britain’s Sudden Bond Blowup

Britain broke all the wrong records in 2022, with its currency tumbling to an all-time low, the biggest-ever spike in government bond yields and the shortest-serving leader in history. The blowup was triggered in September by Prime Minister Liz Truss’s unorthodox plan to cut taxes and increase borrowing in an effort to boost economic growth. But this was a crisis years in the making, and it didn’t end with her downfall after six weeks in office. Government instability and trade disruption due to

washingtonpost.com

Rishi Sunak appoints Historic England head as ethics chief

Rishi Sunak appoints boss of Historic England to the role, which has been vacant for six months.

bbc.co.uk

U.K. nurses strike over pay, testing a health-care system in crisis

Wide swathes of British workers in the public sector are in open revolt against 12 years of conservative “austerity budgets” and the soaring costs of living

washingtonpost.com

Eyeing power, UK Labour Party vows to abolish House of Lords

Britain’s opposition Labour Party says it will replace Parliament’s unelected upper house with an elected chamber if it wins government.

Sacked Tory minister Conor Burns cleared of misconduct

Mr Burns, who was fired over allegations he touched a man's thigh, will be readmitted to Tory party.

bbc.co.uk

UK opposition wins special election in blow to Sunak's party

Britain’s opposition Labour Party has handily won a special election for a northwest England seat in Parliament.

The Long Backstory to Britain’s Sudden Bond Blowup

Britain broke all the wrong records in 2022, with its currency tumbling to an all-time low, the biggest-ever spike in government bond yields and the shortest-serving leader in history. The blowup was triggered in September by Prime Minister Liz Truss’s unorthodox plan to cut taxes and increase borrowing in an effort to boost economic growth. But this was a crisis years in the making, and it didn’t end with her downfall after six weeks in office. Government instability and trade disruption due to

washingtonpost.com

UK voters warm to new leader Sunak, but not to his party

In his first month as Britain's prime minister, Rishi Sunak has stabilized the economy, reassured allies from Washington to Kyiv and even soothed the European Union after years of sparring between Britain and the bloc.

How Rishi Sunak's Plan For U.K. Could Affect US Economy, Politics

Any potential hits to the U.K. economy can complicate matters for the U.S., making its new prime minister's plan globally important.

newsy.com

Relief meets fear as UK budget calms economy but brings pain

Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation.

UK push to restore finances means higher taxes, energy bills

Millions of people across Britain are facing higher taxes and energy bills after the government announced an emergency budget focused on restoring the country’s financial credibility and bolstering an economy battered by soaring inflation.

Banks Need to Worry About Shadow Banks

The boom in market-based finance has taken risks away from regulated lenders, but recent crises show they’re still exposed.

washingtonpost.com

Newspaper headlines: 'New age of austerity' and 'grin and bear it'

Most papers focus on Chancellor Jeremy Hunt's spending plans in the Autumn Statement, where he is expected to set out "difficult decisions".

bbc.co.uk

UK inflation accelerates to 41-year high of 11.1%

Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans Thursday.

Britain's vulnerable await PM's spending plans with anxiety

Millions are hoping British Prime Minister Rishi Sunak finds money to help them survive a cost-of-living crisis when the government releases its spending plans Thursday.

G-20 to condemn Russia's Ukraine invasion, urge an end

Leaders of the world's largest economies appear ready to send a strong message to Russia condemning its invasion of Ukraine.

UK’s self-billed 'Scrooge' promises tax rises, spending cuts

Britain’s Treasury chief, Jeremy Hunt, has warned that a spending crunch and tax increases are on their way as he bids to fill the “black hole” in the country’s finances.

Newspaper headlines: 'Truss budget' cost £30bn and 'Rishi revives Thatcherism'

The impact of the "disastrous" mini-budget and the spending cut plus tax rises plans to fix it lead the Sunday papers.

bbc.co.uk

UK economy shrinks as economists warn of more pain to come

Statistics show that Britain’s economy shrank in the three months to September, and forecasters are warning of many months of contraction to come.

Newspaper headlines: 'Kwarteng blames Truss' and Walliams' 'vile slurs'

An interview with ex-chancellor Kwasi Kwarteng and leaked remarks from TV's David Walliams lead the papers.

bbc.co.uk

Rishi Sunak seeks thawed relations at UK-Ireland summit

Prime Minister Rishi Sunak is aiming to repair frayed relations with Britain’s European Union neighbors and with skeptical leaders in Scotland and Wales.

The Race to Disunion: Are Brexiteers or Republicans Ahead?

The populist revolution may end up reshaping Britain more dramatically than America.

washingtonpost.com

Senior member of UK PM resigns amid bullying allegations

A senior member of British Prime Minister Rishi Sunak’s government has resigned after mounting allegations that he bullied colleagues.

At global summits, Biden aims to assert America's leadership

President Joe Biden will aim to assert America’s global leadership during his upcoming visit to Southeast Asia for meetings with world leaders.

Prison-like center puts focus on UK's response to migrants

Behind wire fences in southeast England, children wave their arms and chant “freedom” to grab the attention of people on the other side.

Bank Of England Makes Biggest Interest Rate Hike In 30 Years

The Bank of England boosted its key rate by thee-quarters of a percentage point, to 3%, after consumer price inflation soared to a 40-year high.

newsy.com

Bank of England raises its benchmark rate by 75 basis points, its biggest hike in 33 years

The 75 basis point increase takes the Bank Rate to 3%, its eighth consecutive hike to the main lending rate.

cnbc.com

Bank of England makes biggest interest rate hike in 30 years

The Bank of England has rolled out its biggest interest rate increase in three decades, saying the move is needed to beat back stubbornly high inflation that's eroding living standards and is likely to trigger a “prolonged” recession.

The crisis is over for the British pound, but analysts see further weakness ahead

The British pound is on firmer footing since the appointment of PM Rishi Sunak, but Wall Street still sees further vulnerability over the next 12 months.

cnbc.com

UK tightens security over hacking fears from Russia, China

Liz Truss may have been the victim of a Russian cyberattack while serving as foreign secretary and helped coordinate the British response to Russia's invasion of Ukraine.

foxnews.com

Bank of England set for biggest rate hike in 33 years, but economists expect dovish tilt

The market expects the Bank of England to raise interest rates by 75 basis points on Thursday, its largest hike since 1989.

cnbc.com

UK govt under fire for 'wretched' migrant center conditions

Britain’s interior minister is defending the government’s treatment of newly arrived migrants after critics blamed her for the “wretched” conditions endured by thousands of people at an overcrowded center for asylum-seekers.

British politicians demand investigation into report of Liz Truss phone hack

Following a report that Russian spies hacked former British Prime Minister Liz Truss' phone over the summer, politicians are demanding an investigation into the claim.

foxnews.com

UK Politicians Demand Probe Into Liz Truss Phone Hack Claim

Claims say Russian spies were suspected of the hack.

newsy.com

UK politicians demand probe into Liz Truss phone hack claim

The British government insisted Sunday it has robust cybersecurity for government officials

washingtonpost.com

UK politicians demand probe into Liz Truss phone hack claim

The British government insisted Sunday it has robust cybersecurity for government officials.

Russian agents may have hacked former British PM Liz Truss's phone: report

The Russian agents would have had access to details about Ukraine weapon shipments and criticisms Liz Truss privately raised about then-Prime Minister Boris Johnson.

foxnews.com

The Hypocrisy of Rishi Sunak’s “North London” Slur

The new British Prime Minister gave voice to a popular conservative attack on liberal London that has dangerous connotations.

newyorker.com

Rishi Sunak and Emmanuel Macron vow to co-operate on Channel crossings - No 10

Downing Street says the two leaders pledged to work on deterring "deadly journeys" in the Channel.

bbc.co.uk

UK says new PM Rishi Sunak won't go to UN climate conference

The British government says new Prime Minister Rishi Sunak will not attend the major United Nations climate conference next month

washingtonpost.com

UK says new PM Rishi Sunak won't go to UN climate conference

The British government says new Prime Minister Rishi Sunak will not attend the major United Nations climate conference next month.

Russia's Putin says he won't use nuclear weapons in Ukraine

Russian President Vladimir Putin has denied having any intentions of using nuclear weapons in Ukraine but described the conflict there as part of alleged efforts by the West to secure its global domination.

Can Rishi Sunak Save the Tories from Total Collapse?

Britain’s new Prime Minister, the nation’s third in seven weeks, will aim to steer an unpopular party through record inflation and a looming energy emergency.

newyorker.com

Brexit crisis pushes N Ireland to brink of new election

The Northern Ireland Assembly has failed to elect a speaker, setting the stage for an unwanted early election.

Europe sees fastest pace of rate hikes since euro launched

The European Central Bank has made another outsized interest rate hike aimed at squelching out-of-control inflation, moving at the fastest pace in the euro currency’s history.

Is UK leader Rishi Sunak too rich to rule in tough times?

As he makes tough decisions to stem Britain’s economic crisis, Prime Minister Rishi Sunak says he will “always protect the most vulnerable.”.

British minister tells gay World Cup fans to 'be respectful'

British Foreign Secretary James Cleverly is facing criticism after telling gay soccer fans heading to the World Cup in Qatar that they should show some “compromise” and "be respectful of the host nation.”.

Rishi Sunak’s new U.K. cabinet looks a lot like the old one: Who’s who?

The new prime minister will keep Jeremy Hunt, Suella Braverman, James Cleverly and Penny Mordaunt in their jobs.

washingtonpost.com

UK tax and spending plan pushed back by two weeks, says Hunt

The much-anticipated statement will now take place on 17 November, the chancellor says.

bbc.co.uk

UK Treasury chief delays detailing new economic plans

UK Treasury Chief Jeremy Hunt has delayed his much-anticipated economic statement until Nov. 17.

The UK’s Bond-Market Mess Won’t Happen in the US

But the Federal Reserve should act to make the Treasury market more resilient.

washingtonpost.com

Sunak makes Parliament debut as PM, axes more Truss policies

Rishi Sunak has faced the opposition in Parliament for the first time as Britain's prime minister, promising to restore economic stability after his predecessor’s tax plans triggered market tumult.

Markets Didn’t Oust Truss. The Bank of England Did.

The way the UK government fell should worry all who support democracy.

washingtonpost.com

Why failed British prime ministers keep quoting ancient Romans

Boris Johnson cited Cincinnatus in his farewell address. Liz Truss quoted Seneca.

washingtonpost.com

Sunak’s ‘Dullness Dividend’ Might Not Last

Britain’s new prime minister is an improvement over his predecessors — but keeping his promises won’t be easy.

washingtonpost.com

2 images of Britain, taken 7 weeks apart, that speak volumes

They are two photos taken exactly seven weeks apart, capturing the traditional and ceremonial rites of the monarch meeting the British prime minister-in-waiting to ask them to form a new government.

2 images of Britain, taken 7 weeks apart, that speak volumes

They are two photos taken exactly seven weeks apart, capturing the traditional and ceremonial rites of the monarch meeting the British prime minister-in-waiting to ask them to form a new government. For Truss, it was new start, capping weeks of bruising battle for the Conservative party leadership with Rishi Sunak (more on him later) and handing her the keys to 10 Downing Street. The queen, using a walking cane after prolonged mobility issues, is seen smiling, Truss, too, from the side angle can be seen smiling as they shake hands.

news.yahoo.com

UK Prime Minister Rishi Sunak gives first address in new role after Liz Truss resignation

Former finance minister Rishi Sunak becomes prime minister after former Prime Minister Liz Truss was ousted after seven weeks in office.

news.yahoo.com

Jacob Rees-Mogg out as PM Sunak begins cabinet reshuffle

The new prime minister starts to put together his new top team, after taking over from Liz Truss.

bbc.co.uk

In prime minister transition, King Charles III plays role his mother did just before her death

The "kissing hands" ceremony was important enough to Queen Elizabeth II that she participated only two days before she died.

washingtonpost.com

Liz Truss resigns, Rishi Sunak to become U.K. prime minister

As Rishi Sunak takes over from Liz Truss, he will name a Cabinet of ministers charged with tackling some of Britain's most formidable challenges since the post-war era.

washingtonpost.com

Sunak takes over as UK prime minister amid economic crisis

Rishi Sunak has become Britain’s third prime minister this year.

British man spends $4,000 making Liz Truss dog toys, only for her to resign in record time

A British man spent nearly $4,000 making squeaky dog toys that look like Liz Truss after she became prime minister, only for her to resign in just 44 days.

foxnews.com

EXPLAINER: Why the British public is not choosing its leader

Observers of British politics can be forgiven for scratching their heads in recent weeks as they watch the country reel through a succession of prime ministers without holding an election.

Boris Johnson ends comeback bid — but promises another

In the end, all of Boris Johnson’s bluster couldn’t hide the facts: He didn’t have the votes to win the Conservative Party leadership contest and stage a political comeback just weeks after being forced out as prime minister.

UK Tories Are Finally ‘Ready for Rishi.’ Is It Too Late?

The Tory psychodrama has paused for now, but Rishi Sunak has warned of an “existential threat” to the party if it doesn’t change.

washingtonpost.com

Rishi Sunak To Become Britain's Next Prime Minister

The former Treasury chief will be Britain's first leader of color, and faces the task of stabilizing the party and country.

newsy.com

Rishi Sunak: What might the new Tory leader do as PM?

The former chancellor has not made any new pledges during the four-day contest to replace Liz Truss.

bbc.co.uk

Rishi Sunak set to be next UK prime minister after Penny Mordaunt drops out of race

Former Finance Minister Rishi Sunak will be the U.K.'s next prime minister after former defense minister Penny Mordaunt dropped out of the race Monday.

foxnews.com

Rishi Sunak becomes first U.K. prime minister of Indian descent

Former Treasury chief Rishi Sunak beat out Boris Johnson and Penny Mordaunt after Liz Truss resigned after just six weeks.

news.yahoo.com

Rishi Sunak: UK's ex-Treasury chief gets his shot at PM job

Rishi Sunak ran for Britain’s top job and lost.

Rishi Sunak, UK's next PM, faces major economic problems

Former Treasury chief Rishi Sunak is set to become Britain’s first prime minister of color after being chosen to lead the governing Conservative Party.

Asian shares mostly higher, tracking Wall Street advance

Shares are mostly higher in Asia after stocks shook off an early bout of unsettled trading and ended higher on Wall Street.

Boris Johnson drops out of race to be next UK prime minister

Former British Prime Minister Boris Johnson says he will not run to lead the Conservative Party, ending intense speculation about a comeback.

Boris Johnson returns to UK amidst rumors he will run for PM

Former Prime Minister Boris Johnson has returned to Britain ahead of a possible tilt at reclaiming his former job.

Inflation protests across Europe threaten political turmoil

Across Europe, soaring inflation is behind a wave of protests and strikes that underscores growing discontent with the spiraling cost of living and threatens to unleash political turmoil.

Trailer for new season of ‘The Crown’ is out and we have a lot of feelings

On the same day as British Prime Minister Liz Truss resigned from office after serving for only six weeks, Netflix decided to choose chaos and drop the trailer for the new season of “The Crown.”

New UK leader to face highest government debt in 60 years

British government debt rose to the highest level in almost 60 years last month and retail sales slumped.

Boris Johnson, ousted by scandal, eyes comeback as UK leader

Several British lawmakers are jockeying to become the country’s next leader following the implosion of Liz Truss’ historically short-lived government.

EXPLAINER: Why was Truss' tenure so short — and now what?

British Prime Minister Liz Truss took office last month with hopes and promises of reinvigorating the British economy and putting it on the path to long-term success.

Sunak, Mordaunt, Johnson? Contenders who could replace Truss

Liz Truss’ resignation as British Prime Minister has triggered another leadership race — the second in just four months — for the U.K.’s fractured and demoralized Conservative Party.

Britain's political turmoil shatters its pragmatic image

When the United Kingdom walked out of the European Union two years ago, Brexit supporters believed that British pragmatism and common sense would not only see them through but would allow their country to flourish as it stood alone.

Truss quits, but UK's political and economic turmoil persist

British Prime Minister Liz Truss quit Thursday after a tumultuous and historically brief term in which her economic policies roiled financial markets and a rebellion in her political party obliterated her authority.

Asian shares mixed as investors keep eyes on inflation

Asian shares are mostly lower in muted trading as investors keep an eye on inflation.

UK PM Truss vows to stay, but on the brink as minister quits

The government of British Prime Minister Liz Truss is teetering on the verge of collapse, just hours after she vowed to keep governing.

Liz Truss' waning power brings political plots, and jokes

This has not been a good week for Liz Truss.

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