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Zahawi Working on "Options" for Next PM (7:09 a.m.) UK Chancellor of the Exchequer Nadhim Zahawi said he's "working flat out" to develop options for the next prime minister to act on energy bills. Keywords: 2672Z@LN; BUSINESS; CMD; EUROPE; GOV; NRG; UK; WORLD EN 2672Z@LN BUSINESS CMD EUROPE GOV NRG UK WORLD RH7SHKT1UM0W Bills for households with average consumption will be capped at £3,549 ($4,189) from Oct. 1, Ofgem said. Truss Vows "Flat-Out" Work; Sunak Targets Poorest: UK Energy Cap. [Extracted from the article]

Truss Vows "Flat-Out" Effort; Solar Demand Surges: UK Energy Cap Demand for Solar Panels Surges (9:13 a.m.) Demand for solar panel installation is rising as British households seek to bring down energy bills ahead of the looming cost hikes. Zahawi Working on "Options" for Next PM (7:09 a.m.) UK Chancellor of the Exchequer Nadhim Zahawi said he's "working flat out" to develop options for the next prime minister to act on energy bills. [Extracted from the article]

2672Z@LN, BUSINESS, CMD, COS, EUROPE, GEN, GOV, INDUSTRIES, NRG, POL, UK, UTI, WORLD Keywords: 2672Z@LN; BUSINESS; CMD; COS; EUROPE; GEN; GOV; INDUSTRIES; NRG; POL; UK; UTI; WORLD EN 2672Z@LN BUSINESS CMD COS EUROPE GEN GOV INDUSTRIES NRG POL UK UTI WORLD RH7OO5T1UM0W (Bloomberg) -- Liz Truss's campaign to be UK prime minister has appeared straightforward, with promises of tax cuts and optimism in the face of an economic crisis helping her to a comfortable poll lead over Rishi Sunak. [Extracted from the article]

Just seven weeks after Truss traveled to meet Queen Elizabeth II to become premier, Sunak will meet King Charles III on Tuesday to formally replace her. (Bloomberg) -- Rishi Sunak spent the summer trying to warn the Conservative Party that Liz Truss would trash the economy if she became UK prime minister. [Extracted from the article]

That Truss is demanding new Chancellor of the Exchequer Jeremy Hunt make no more U-turns will do little to sooth market jitters, and in a round of interviews on Saturday, Hunt suggested he isn't fully signed up to that. (Bloomberg) -- Boxed in by market turmoil and a mutinous Conservative Party, UK Prime Minister Liz Truss was left with two cards to play: hitting reset on her economic plan, and firing her friend and finance minister, Kwasi Kwarteng. [Extracted from the article]

It was as though having waiting so long for their chance, Kwarteng and Truss couldn't resist starting with a bang: the largest package of unfunded tax cuts in more than five decades. Kwasi Kwarteng was thrown out as Chancellor of the Exchequer after just 38 days, but he spent more than a decade promoting his small-state, low-tax vision for the UK that proved his downfall -- and which may still cost Prime Minister Liz Truss her job as well. [Extracted from the article]

Liz Truss scrapped her plan to freeze corporation tax next year in another dramatic U-turn, hours after she fired her ally Kwasi Kwarteng and replaced him with Jeremy Hunt as UK Chancellor of the Exchequer. Truss's decision means corporation tax will now rise to 25% from 19% next year, as had been planned by her predecessor, Boris Johnson and his chancellor, Rishi Sunak. [Extracted from the article]

But Kwarteng's departure is a major blow to Truss after less than six weeks in office, and leaves her in a precarious position, with Tories openly plotting against her. UK Prime Minister Liz Truss fired Chancellor of the Exchequer Kwasi Kwarteng and replaced him with former Foreign Secretary Jeremy Hunt as she prepared to make a humiliating U-turn on parts of her economic plan. [Extracted from the article]

(Bloomberg) -- Under-pressure UK Prime Minister Liz Truss appointed Jeremy Hunt as her new Chancellor of the Exchequer, replacing Kwasi Kwarteng after just 38 days in office, in a last-ditch bid to reassure the financial markets she was taking a new economic path. Hunt was a high-profile supporter of Truss's opponent Rishi Sunak during this summer's leadership campaign, praising his "formidable ability" as chancellor. [Extracted from the article]

Front Runners After coming second to Truss in this summer's Tory Party leadership election, Rishi Sunak is now Sky Bet's favorite to take over if the premier is forced out. Liz Truss's faltering resolve on her economic plans amid market turmoil and a clamor from her own Conservative Members of Parliament to reverse course has left the UK prime minister's position looking increasingly precarious. [Extracted from the article]

One EU official, speaking on condition of anonymity, said that in a speech to fellow leaders, Truss underlined the UK's enduring relationship with continental Europe. (Bloomberg) -- UK Prime Minister Liz Truss ditched the antagonistic rhetoric that became a hallmark of post-Brexit relations with the European Union in a sign the two sides may be moving closer to putting their differences behind them. [Extracted from the article]

The annual gathering, just a month into Truss's tenure, has been overshadowed by a humiliating government climbdown over a plan to cut income tax for Britain's highest earners. UK premier Liz Truss sought to rally despondent members of her ruling Conservatives, pledging to "stay the course" after a bruising few days in which she U-turned on a flagship tax cut and members of her own cabinet openly questioned her plans. [Extracted from the article]

Weakened Truss Will Try to Show Tories She Can Still Deliver Just 14% of Britons now have a favorable impression of Truss, down from 26% two weeks ago, according to a new YouGov survey released Wednesday. UK premier Liz Truss sought to rally despondent members of her ruling Conservative Party after a bruising few days in which she U-turned on a flagship tax cut and members of her own cabinet spoke out against her economic plans. [Extracted from the article]

(Bloomberg) -- Liz Truss will try to get her beleaguered UK premiership back on track on Wednesday, after a bruising few days that exposed deep divisions in her ruling Conservative Party and left even members of her top team in open disagreement about what to do next. At her first session of Prime Minister's Questions in Parliament last month, Truss impressed Tory MPs by giving straight answers -- almost unheard of with Johnson. [Extracted from the article]

Opinion polls show only 12% expects Truss to be a good prime minister, while only 21% of the public "like" Truss. P#55#P On 20th July 2022, the final MP Ballot left Liz Truss and Rishi Sunak as the front runners for the Conservative Leader and Prime Minister of the UK. [Extracted from the article]

Truss will attend because the nation is an important ally in support of Ukraine, the person said. (Bloomberg) -- UK Prime Minister Liz Truss will attend a new European political "club of nations", the brainchild of French President Emmanuel Macron, early next month, according to a person familiar with her plans. UK's Truss to Attend First European Political "Club of Nations". [Extracted from the article]

British diplomats want to see the formal agenda of next month's meeting of the European Political Community before committing to Truss's attendance, a person familiar with UK government thinking said. (Bloomberg) -- UK Prime Minister Liz Truss is weighing up whether to attend a new European political "club of nations", the brainchild of French President Emmanuel Macron, despite being opposed to the idea when she was foreign secretary. [Extracted from the article]

Liz Truss's government was barely into its stride when the UK was thrust into a state of suspended animation following the death of its longest-serving monarch, Queen Elizabeth II. Truss starts the week by flying to the United Nations General Assembly in New York -- her first outing on the world stage as UK premier. [Extracted from the article]

"I will take action this day and every day" to deal with the crises facing Britain, Truss said in a rain-lashed Downing Street on Tuesday, channeling the urgent missives to staff written by wartime premier Winston Churchill. Keywords: %USD; ALLTOP; BON; BUSINESS; CMD; COS; CST; EUROPE; EXE; FRX; GEN; GLOBALMACR; GOV; INDUSTRIAL; INDUSTRIES; LAW; MARKETS; NORTHAM; NRG; POL; UK; US; WORLD; WWTOP EN %USD ALLTOP BON BUSINESS CMD COS CST EUROPE EXE FRX GEN GLOBALMACR GOV INDUSTRIAL INDUSTRIES LAW MARKETS NORTHAM NRG POL UK US WORLD WWTOP Liz Truss promised a major package of support this week to tackle soaring UK energy bills, in her first national address as leader that was dominated by a cost-of-living crisis likely to make or break her premiership. [Extracted from the article]

"I will take action this day and every day" to deal with the crises facing Britain, Truss said in a rain-lashed Downing Street on Tuesday, channeling the urgent missives to staff written by wartime premier Winston Churchill. Keywords: ALLTOP; BON; BUSINESS; COS; CST; EUROPE; FRX; GEN; GENTOP; GLOBALMACR; GOV; INDUSTRIAL; INDUSTRIES; LAW; MARKETS; POL; TOP; UK; WORLD; WWTOP; WWTOPEU EN ALLTOP BON BUSINESS COS CST EUROPE FRX GEN GENTOP GLOBALMACR GOV INDUSTRIAL INDUSTRIES LAW MARKETS POL TOP UK WORLD WWTOP WWTOPEU Liz Truss promised a major package of support this week to tackle soaring UK energy bills, in her first national address as leader that was dominated by a cost-of-living crisis likely to make or break her premiership. [Extracted from the article]

Keywords: ALLTOP; EUROPE; EURTOP; GEN; GENTOP; GOV; POL; TOP; UK; WORLD; WWTOP; WWTOPAM; WWTOPEU EN ALLTOP EUROPE EURTOP GEN GENTOP GOV POL TOP UK WORLD WWTOP WWTOPAM WWTOPEU Liz Truss's new government will be the UK's first without a White man holding one of the so-called four great offices of state. WWTOP, WWTOPAM, WWTOPEU, ALLTOP, EUROPE, EURTOP, GEN, GENTOP, GOV, POL, TOP, UK, WORLD. [Extracted from the article]

Truss, who became the UK's fourth premier in just over six years on Tuesday, confirmed she would "take action this week to deal with energy bills", with an announcement on the support package expected Thursday. Keywords: ALLTOP; BON; BUSINESS; CMD; EUROPE; EURTOP; GEN; GENTOP; GOV; MARKETS; NRG; POL; TOP; UK; WORLD; WWTOP; WWTOPAM; WWTOPEU EN ALLTOP BON BUSINESS CMD EUROPE EURTOP GEN GENTOP GOV MARKETS NRG POL TOP UK WORLD WWTOP WWTOPAM WWTOPEU Britain's new leader Liz Truss promised a major package of support this week to help ease the pain from rising energy bills, delivering her first address to the nation as prime minister. [Extracted from the article]

Keywords: ALLTOP; BUSINESS; COS; EUROPE; GEN; GOV; POL; UK; WORLD; WWTOP; WWTOPEU EN ALLTOP BUSINESS COS EUROPE GEN GOV POL UK WORLD WWTOP WWTOPEU James Cleverly was named UK Secretary of State for Foreign, Commonwealth and Development Affairs, the country's most senior diplomat. ALLTOP, BUSINESS, COS, EUROPE, GEN, GOV, POL, UK, WORLD, WWTOP, WWTOPEU. [Extracted from the article]

(Bloomberg) -- Liz Truss won the bitter race to succeed Boris Johnson as UK prime minister, and will take power with the country facing brutal economic headwinds that threaten to plunge millions of Britons into poverty this winter. Read More: Truss Went From Anti-Thatcher Protests to UK Tory Darling Truss won't take power until Tuesday, when she visits Queen Elizabeth II in her Scottish castle to be formally appointed, shortly after Johnson also meets with the monarch. [Extracted from the article]

Truss inherits a forbidding in-tray, with the UK facing surging inflation, a potential recession and a record squeeze on living standards spurred by soaring energy prices. (Bloomberg) -- Liz Truss won the bitter race to succeed Boris Johnson as UK prime minister, and will take power with the country facing brutal economic headwinds that threaten to plunge millions of Britons into poverty this winter. [Extracted from the article]

Liz Truss, the overwhelming favourite to become the next UK prime minister, said it's the Bank of England's job to control inflation. Electricity blackouts cannot be ruled out this winter in the UK given the gravity of the energy supply crunch, Sunak told the BBC on Sunday. [Extracted from the article]

(Bloomberg) -- Support for Liz Truss is waning among the British electorate even before her expected appointment as prime minister next week, according to two recent polls. Britons are split on whether she'd be a better prime minister than predecessor Boris Johnson, but tend to think she'd be worse than every other premier going back to Margaret Thatcher. [Extracted from the article]

(Bloomberg) -- Only 12% of Britons expect Liz Truss, who is expected on Monday to be named winner of the Conservative Party leadership contest, will be a good or great prime minister, while 52% expect her to be poor or terrible, according to polling by YouGov. The pollster found that Britons are split on whether Truss, who is currently foreign secretary, would be a better prime minister than predecessor Boris Johnson, but tend to think she'd be worse than every other prime minister back to Margaret Thatcher. [Extracted from the article]

Truss, the foreign secretary, has held a consistently wide lead over her rival Rishi Sunak in polling of Conservative members ahead of the party's announcement of the winner on Monday. (Bloomberg) -- Kwasi Kwarteng is in advanced talks over who would be in his Treasury team in anticipation that Liz Truss will become UK prime minister next week and name the business secretary as her Chancellor of the Exchequer. [Extracted from the article]

Keywords: 2672Z@LN; ALLTOP; BUSINESS; CMD; COS; EUROPE; EURTOP; GEN; GENTOP; GOV; INDUSTRIES; NRG; POL; UK; UTI; WORLD; WWTOP; WWTOPEU EN 2672Z@LN ALLTOP BUSINESS CMD COS EUROPE EURTOP GEN GENTOP GOV INDUSTRIES NRG POL UK UTI WORLD WWTOP WWTOPEU Liz Truss, the front-runner to be the UK's next prime minister, is weighing cutting business rates -- a form of property tax on commercial premises -- for small- and medium-sized companies to help shield them from soaring energy costs. RHH6EQDWLU68 (Bloomberg) - Liz Truss, the front-runner to be the UK's next prime minister, is weighing cutting business rates -- a form of property tax on commercial premises -- for small- and medium-sized companies to help shield them from soaring energy costs. [Extracted from the article]

Just like current Premier Boris Johnson, Truss has long cast doubt on France's efforts to stop migrants trying to get to the UK in small boats across the English Channel. (Bloomberg) -- UK Foreign Secretary Liz Truss, front-runner to become Britain's next prime minister, said the "jury's out" on whether French President Emmanuel Macron is a friend or an enemy. UK's Truss Says "Jury's Out" on Macron Being "Friend or Foe". [Extracted from the article]

Foreign Secretary Truss said she would order a review of the IR35 rules to make sure freelance workers are treated fairly, if she is chosen to succeed Boris Johnson as leader next month. (Bloomberg) -- Liz Truss, the front-runner to become Britain's next prime minister, will rethink taxes paid by self-employed workers and try to limit disruptive strikes, according to an interview with the Sun newspaper. [Extracted from the article]

Truss said during a leadership debate last month that she was prepared to face Putin directly and "call him out in front of those very important swing countries like India and Indonesia." UK Foreign Secretary Liz Truss, the frontrunner to become Britain's next prime minister, reiterated her pledge to "call out" Russian leader Vladimir Putin over his invasion of Ukraine in person at a Group of 20 summit in Indonesia in November. UK's Truss Stands By Vow to "Call Out" Putin at G-20. [Extracted from the article]

UK's Truss Stands By Vow to "Call Out" Vladimir Putin at G-20 Truss said during a leadership debate last month that she was prepared to face Putin directly and "call him out in front of those very important swing countries like India and Indonesia." UK Foreign Secretary Liz Truss, the frontrunner to become Britain's next prime minister, reiterated her pledge to "call out" Russian leader Vladimir Putin over his invasion of Ukraine in person at a Group of 20 summit in Indonesia in November. [Extracted from the article]

Liz Truss is planning a review of the UK's finance watchdogs if she becomes prime minister, potentially leading to the largest shakeup of the sector's regulatory infrastructure since the aftermath of the global financial crisis. The foreign secretary would scrutinize the roles of the Financial Conduct Authority, the Prudential Regulation Authority and the Payments Systems Regulator, said a campaign official, who asked not to be identified discussing private deliberations. Truss is the firm favorite to win the Conservative Party leadership contest and succeed Boris Johnson as prime minister next month. [Extracted from the article]

Sunak also launched another broadside at Truss's proposal to cut taxes. (Bloomberg) -- Rishi Sunak has ruled out freezing the UK's energy pricecap if he becomes prime minister, while his rival Liz Truss warnedagainst "throwing money" at a short-term fix for the looming winterbills crisis. [Extracted from the article]

The main division is over management of the economy, with Truss, the front-runner, advocating immediate tax cuts to spur growth, and Sunak saying the priority is to get runaway inflation under control. (Bloomberg) -- Foreign Secretary Liz Truss and former Chancellor of the Exchequer Rishi Sunak are engaged in a two-month battle to succeed Boris Johnson as UK Prime Minister, and both have announced a slew of policies in their bid to win votes among the Tory faithful. [Extracted from the article]

Rishi Sunak and Truss are competing in a six-week tour of hustings around the UK for the votes of some 175,000 Tory party members. (Bloomberg) -- UK Foreign Secretary Liz Truss is rated a 90% shot to succeed Boris Johnson as head of the UK Conservative Party and Prime Minister as the leadership race enters its final weeks, according to betting exchange firm Smarkets. [Extracted from the article]

Keywords: 3033Z@LN; ALLTOP; BUSINESS; COS; EUROPE; GEN; GOV; INDUSTRIES; MED; POL; TMT; UK; WORLD; WWTOP; WWTOPEU EN 3033Z@LN ALLTOP BUSINESS COS EUROPE GEN GOV INDUSTRIES MED POL TMT UK WORLD WWTOP WWTOPEU (Bloomberg) Liz Truss suggested she'll press ahead with the privatization of state-owned Channel Four Television Corp. if she wins the Conservative leadership race and becomes UK prime minister. 3033Z@LN, ALLTOP, BUSINESS, COS, EUROPE, GEN, GOV, INDUSTRIES, MED, POL, TMT, UK, WORLD, WWTOP, WWTOPEU. [Extracted from the article]

(Bloomberg) -- Foreign Secretary Liz Truss pledged to crack down on Chinese-owned companies such as social-media giant TikTok Inc. as she traded blows with Rishi Sunak in their first head-to-head debate of the race to succeed Boris Johnson as UK prime minister. Beijing Denounces Truss Vow to Crack Down on China Firms in UK On Tuesday, Chinese Foreign Ministry spokesman Zhao Lijian criticized Truss's remarks. [Extracted from the article]

Zhao said China wouldn't comment on the race to succeed Prime Minister Boris Johnson as Conservative Party leader, because it was the UK's internal affairs. (Bloomberg) -- China rejected as "irresponsible" a pledge by UK prime minister hopeful Liz Truss to clamp down on Chinese-owned companies such as social-media giant TikTok Inc. Chinese Foreign Ministry spokesman Zhao Lijian criticized the remarks made by Truss on Monday during her first head-to-head debate with former Chancellor Rishi Sunak. [Extracted from the article]

The dividing lines are increasingly about Johnson -- Truss stayed loyal, Sunak's resignation helped trigger the prime minister's demise -- and about personal differences. (Bloomberg) -- After a televised Conservative leadership debate exposed the stark divisions among rivals vying to be the next UK prime minister, Rishi Sunak turned to Liz Truss and asked: "Why are we doing this?". [Extracted from the article]

Sunak, who previously served as chancellor, earlier described China as the "biggest long-term threat to Britain and the world's economic and national security", and promised to limit its influence in the UK. (Bloomberg) -- Foreign Secretary Liz Truss pledged to crack down on Chinese-owned companies such as social-media giant TikTok Inc. as she traded blows with Rishi Sunak in their first head-to-head debate of the race to succeed Boris Johnson as UK prime minister. [Extracted from the article]