Economic storm tests UK's new leader, alarms Conservatives | Ap | thederrick.com

2022-10-01 04:43:46 By : Ms. Bobby Qian

Please log in, or sign up for a new account and purchase a subscription to continue reading.

Please log in, or sign up for a new account to continue reading.

Thank you for reading! We hope that you continue to enjoy our free content.

Cloudy in the morning, then off and on rain showers during the afternoon hours. High 59F. Winds NE at 5 to 10 mph. Chance of rain 40%..

Showers in the evening, then cloudy overnight. Low around 50F. Winds NNE at 10 to 15 mph. Chance of rain 40%.

In this photo provided by UK Parliament, Britain's Prime Minister Liz Truss, second left, and Chancellor Kwasi Kwarteng, third left, are seen in the House of Commons in London, Friday, Sept. 23, 2022. Britain’s new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a faltering economy.

FILE - A view of The Bank of England in London, on Sept. 22, 2022. The Bank of England says it will launch a temporary U.K. government bond-buying program to stave off “material risk to UK financial stability” after unfunded government tax cuts spooked markets.The emergency intervention Wednesday, Sept. 28, 2022 means that the central bank will buy government bonds in an effort to stabilize the market and drive down yields.

Labour Party leader Keir Starmer and deputy leader Angela Rayner The Red Flag at the end of the Labour Party Conference at the ACC Liverpool, England, Wednesday, Sept. 28, 2022.

British Prime Minister Liz Truss visits Berkeley Modular, in Northfleet, Kent, Britain, Friday, Sept. 23, 2022.

In this photo provided by UK Parliament, Britain's Prime Minister Liz Truss, second left, and Chancellor Kwasi Kwarteng, third left, are seen in the House of Commons in London, Friday, Sept. 23, 2022. Britain’s new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a faltering economy.

FILE - A view of The Bank of England in London, on Sept. 22, 2022. The Bank of England says it will launch a temporary U.K. government bond-buying program to stave off “material risk to UK financial stability” after unfunded government tax cuts spooked markets.The emergency intervention Wednesday, Sept. 28, 2022 means that the central bank will buy government bonds in an effort to stabilize the market and drive down yields.

Labour Party leader Keir Starmer and deputy leader Angela Rayner The Red Flag at the end of the Labour Party Conference at the ACC Liverpool, England, Wednesday, Sept. 28, 2022.

British Prime Minister Liz Truss visits Berkeley Modular, in Northfleet, Kent, Britain, Friday, Sept. 23, 2022.

LONDON (AP) — New British Prime Minister Liz Truss came under growing pressure Wednesday from opponents — and inside her Conservative Party — to reverse announced tax cuts that are fueling a financial crisis in an already struggling economy.

The Bank of England stepped in to buy up government bonds in an attempt to stabilize the cost of borrowing after the government said last week that it would slash income tax and scrap a planned corporation tax hike, all while spending billions to cap soaring energy bills for homes and businesses.

Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Frank Harris threw for a program-record 414 yards and accounted for four touchdowns to lead UTSA to a 45-30 victory over Middle Tennessee in a Conference USA opener. Harris was 27-of-36 passing with a pair of touchdown passes to Zakhari Franklin and ran for two short-yardage scores to cap long scoring drives. Harris has 1,724 yards passing in five games this season. Brenden Brady added 98 yards rushing and a touchdown for UTSA (3-2, 1-0). Chase Cunningham completed 35 of 56 passes for 368 yards with a touchdown for Middle Tennessee (3-1, 0-1).

Tropical Storm Orlene is expected to grow into a hurricane Saturday as its heads for an expected landfall on Mexico’s northwestern Pacific coast. The U.S. National Hurricane Center said Orlene had maximum sustained winds of 65 mph late Friday. The center adds that Orlene is a small, compact storm, with tropical storm-force winds extending out only 45 miles from the center. It is forecast to grow to hurricane force by Saturday morning before falling back to tropical storm strength ahead of a forecast Monday landfall in Sinaloa state, in the region around the resort city of Mazatlan.

NFL's handling of concussions questioned after Tua's injury

Quarterback Taylen Green and George Holani each had more than 100 yards rushing and a pair of touchdowns, and Boise State shut out San Diego State in the second half and rolled to a 35-13 victory. It was Boise State’s first game without former starting quarterback Hank Bachmeier, who entered the transfer portal on Tuesday, and former offensive coordinator Tim Plough, who was fired after last week's 27-10 loss to UTEP. Former Boise State head coach Dirk Koetter is now the Broncos offensive coordinator. Green finished with 105 yards rushing. Holani had 131 yards rushing on 17 carries.

Jimmy Carter, already the longest-living U.S. president in history, will celebrate his 98th birthday Saturday with family and friends in Plains, the tiny Georgia town where he and his wife, 95-year-old Rosalynn, were born. The 39th president’s latest milestone comes as The Carter Center, which the Carters established together in 1982, marks 40 years of promoting democracy and advancing public health internationally. Jason Carter, the former president’s grandson, described his grandfather as content with his life and legacy. The younger Carter said the former president plans a relatively quiet day and will make sure to watch his favorite baseball team, the Atlanta Braves, in a key matchup against the New York Mets.

Groups of Cubans have protested in the streets of Havana for a second night, decrying delays in fully restoring electricity three days after Hurricane Ian knocked out power across the island. A foreign monitoring group said Cuba’s internet service shut down Friday for the second time in two days, saying it appeared to be unrelated to problems from the storm but rather an attempt to keep information on the protests from spreading. People demonstrated in at least five spots in the city or on its outskirts, including the Barreras and La Gallega districts where residents blocked streets with burning tires and garbage. Power was back on in some parts of Havana that were dark Thursday, but officials gave no information on how much of the city lacked electricity.

Ian lashes South Carolina as Florida's death toll climbs

Hundreds of hot air balloons are scheduled to lift off Saturday morning, marking the start of an annual fiesta that has drawn pilots and spectators from across the globe to New Mexico's high desert for 50 years now. The Albuquerque International Balloon Fiesta is one of the most photographed events in the world. It has become an economic driver for the state's largest city and a rare — and colorful — opportunity for enthusiasts to gather. Three of the original pilots who participated in the first fiesta in 1972 are among this year's attendees.

The Red Sox are going from bad to worse.