<p lang="EN-US" paraeid="{34940ecc-5d07-4a60-a2b2-ed9997cca1c0}{204}" paraid="359520114" >British Prime Minister Rishi Sunak said on Thursday that he had a conversation with Indian Prime Minister Narendra Modi regarding the Free Trade Agreement during the G20 Summit in Indonesia.&nbsp;During his first address in the British parliament, Sunak was questioned about his meeting with various global leaders and he responded by saying that the government will not "sacrifice quality for speed".&nbsp;</p>

<p lang="EN-US" paraeid="{8c4ce870-2cc5-44fa-bc43-61a5ba48f6a9}{221}" paraid="154732464" >Also read |&nbsp;<a href="https://www.wionews.com/world/us-midterm-results-republicans-lead-in-house-democrats-get-senate-as-washington-sees-divided-govt-534350">Republicans control House, can now investigate Biden</a></p>

<p lang="EN-US" paraeid="{8c4ce870-2cc5-44fa-bc43-61a5ba48f6a9}{234}" paraid="2003395390" >"When it comes to trade deals, whoever they may be with, what I won't do is sacrifice quality for speed. I think it is important that we take the time to get trade deals right. This government believes wholeheartedly in the power and the benefits of free trade, it's something that we will champion around the world,” Sunak said while responding to questions from Labour Party’s Keir Starmer.&nbsp;</p>

<p lang="EN-US" paraeid="{5ccb47e3-5a2e-4e8a-9aaf-0b17e3bc586d}{132}" paraid="465209307" >"I did discuss the free trade agreement with India and both the Prime Minister [Modi] and I committed our teams to work as quickly as we can to see if we can bring a successful conclusion to those negotiations," he added when he was asked by multiple MPs about the meeting with Modi.&nbsp;</p>

<p lang="EN-US" paraeid="{5ccb47e3-5a2e-4e8a-9aaf-0b17e3bc586d}{132}" paraid="465209307" ><strong>WATCH |&nbsp;India heads towards G20 presidency; to host summit in 2023</strong></p>

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<p lang="EN-US" paraeid="{1d1ee8f7-93b5-469f-94aa-5e4844c73227}{79}" paraid="137183319" >The Free Trade Agreement between the UK and India will enable both countries to boost trade and investments. While the agreement has not been finalised, it is expected to be completed by 2023.&nbsp;</p>

<p lang="EN-US" paraeid="{42ac8044-de1f-4ac7-b899-7e9a600d5715}{163}" paraid="2087354056" >Earlier, Sunak gave the green signal to 3000 visas for young Indian professionals to live and work in the UK each year. This was the first scheme of its kind and Sunak hailed it as a symbol of friendship between the two nations and said that it will enable young people from both countries to pursue their dreams.&nbsp;</p>

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British Prime Minister Rishi Sunak said on Thursday that he had a conversation with Indian Prime Minister Narendra Modi regarding the Free Trade Agreement during the G20 Summit in Indonesia.

British Prime Minister Rishi Sunak said on Thursday that he had a conversation with Indian Prime Minister Narendra Modi regarding the Free Trade Agreement during the G20 Summit in Indonesia. During his first address in the British parliament, Sunak was questioned about his meeting with various global leaders and he responded by saying that the government will not "sacrifice quality for speed". Also read | Republicans control House, can now investigate Biden "When it comes to trade deals, whoever they may be with, what I won't do is sacrifice quality for speed. I think it is important that we take the time to get trade deals right. This government believes wholeheartedly in the power and the benefits of free trade, it's something that we will champion around the world,” Sunak said while responding to questions from Labour Party’s Keir Starmer. "I did discuss the free trade agreement with India and both the Prime Minister [Modi] and I committed our teams to work as quickly as we can to see if we can bring a successful conclusion to those negotiations," he added when he was asked by multiple MPs about the meeting with Modi. WATCH | India heads towards G20 presidency; to host summit in 2023 The Free Trade Agreement between the UK and India will enable both countries to boost trade and investments. While the agreement has not been finalised, it is expected to be completed by 2023. Earlier, Sunak gave the green signal to 3000 visas for young Indian professionals to live and work in the UK each year. This was the first scheme of its kind and Sunak hailed it as a symbol of friendship between the two nations and said that it will enable young people from both countries to pursue their dreams.

Rishi Sunak reveals details about discussion regarding FTA with Narendra Modi at G20 summit

<p>A month after "Trussonomics", the economic experiment by former UK Prime Minister Liz Truss failed miserably, Chancellor Jeremy Hunt&nbsp;delivered the autumn statement at the House of Commons on Thursday. Hunt announced a total of £55 billion plan in&nbsp;tax rises and spending cuts in his budget statement that was aimed to raise cash to support the economy.</p>

<p>"We are honest about the challenges and fair in our solutions. Yes, we take difficult decisions to tackle inflation and keep mortgage rises down. But our plan also leads to a shallower downturn; lower energy bills; higher long-term growth; and a stronger NHS and education system," Hunt said, acknowledging&nbsp;that in the face of “unprecedented global headwinds”, the British people are worried about their future.</p>

<p>The Chancellor said that he will deliver a plan “to tackle the cost of living crisis and rebuild our [British] economy”.</p>

<p><strong>ALSO READ |&nbsp;&nbsp;<a href="https://www.wionews.com/world/uk-inflation-spurs-to-41-year-high-before-jeremy-hunts-autumn-statement-534697">UK inflation soars to 41-year high before Jeremy Hunt's autumn statement</a></strong></p>

<p>The UK Chancellor announced that he is not going to change the remit of the Bank of England.&nbsp;</p>

<p>Hunt told MPs: "So the Bank of England, which has done an outstanding job since its independence, now has my wholehearted support in its mission to defeat inflation and I today confirm we will not change its remit."</p>

<p><strong>Chancellor extends windfall tax</strong></p>

<p>Turning to the windfall tax on energy giants, Jeremy Hunt said that he has "no objection to windfall taxes if they are genuinely about windfall profits caused by unexpected increases in energy prices".&nbsp;</p>

<p>He continued: "But any such tax should be temporary, not deter investment and recognise the cyclical nature of many energy businesses."&nbsp;</p>

<p>"Taking account of this, I have decided that from January 1st until March 2028 we will increase the Energy Profits Levy from 25 per cent to 35 per cent."&nbsp;</p>

<p>He also said that "from January 1st, we have also decided to introduce a new, temporary 45 per cent&nbsp;levy on electricity generators".&nbsp;</p>

<p>The combined effect of these measures will bring in £14 billion, the Chancellor said.</p>

<p><strong>Chancellor freezes tax allowances</strong></p>

<p>Jeremy Hunt said he has decided to freeze a range of tax allowances to raise more cash for the Treasury.&nbsp;</p>

<p>He said: "We are also taking difficult decisions on tax-free allowances. I am maintaining at current levels the income tax personal allowance, higher rate threshold, main national insurance thresholds, and inheritance tax thresholds for a further two years taking us to April 2028. Even after that, we will still have the most generous set of tax-free allowances of any G7 country."</p>

<p>The Chancellor also announced that he is "reforming allowances on unearned income".&nbsp;</p>

<p>He said: "The dividend allowance will be cut from £2,000 to £1,000 next year and then to £500 from April 2024. The Annual Exempt Amount for capital gains tax will be cut from £12,300 to £6,000 next year and then to £3,000 from April 2024. These changes still leave us with more generous allowances overall than countries like Germany, Ireland, France, and Canada."</p>

<p><strong>Electric cars lose exemption from Vehicle Excise Duty</strong></p>

<p>Jeremy Hunt said he has decided "that from April 2025 electric vehicles will no longer be exempt from Vehicle Excise Duty".&nbsp;</p>

<p>On housing, he said: "The OBR expects housing activity to slow over the next two years, so the stamp duty cuts announced in the mini-budget will remain in place but only until 31st March 2025."</p>

<p>The inflation rate in the United Kingdom hit a fresh 41-year high in October, increasing to 11.1 per cent amid the cost of living crisis stoked by rising energy and food prices, in part due to the ongoing war in Ukraine.&nbsp;On an annual basis, food price inflation rose sharply to 16.5 per cent on an annual basis, the highest in 45 years, the UK Office of National Statistics said.</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/jeremy-hunt-to-present-uks-autumn-budget-today-vows-to-restore-stability-get-inflation-down-534971">Jeremy Hunt vows to 'restore stability, get inflation down'</a></strong></p>

<p>For a household with average usage of both gas and electricity, the government in October had capped the bills at £2,500 per month. According to the UK's Office of National Statistics, gas prices have climbed by nearly 130 per cent while electricity prices have risen by close to 66 per cent over the past year.&nbsp;<br />
&nbsp;</p>

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A month after "Trussonomics", the economic experiment by former UK Prime Minister Liz Truss failed miserably, Chancellor Jeremy Hunt delivered the autumn statement at the House of Commons on Thursday.

A month after "Trussonomics", the economic experiment by former UK Prime Minister Liz Truss failed miserably, Chancellor Jeremy Hunt delivered the autumn statement at the House of Commons on Thursday. Hunt announced a total of £55 billion plan in tax rises and spending cuts in his budget statement that was aimed to raise cash to support the economy. "We are honest about the challenges and fair in our solutions. Yes, we take difficult decisions to tackle inflation and keep mortgage rises down. But our plan also leads to a shallower downturn; lower energy bills; higher long-term growth; and a stronger NHS and education system," Hunt said, acknowledging that in the face of “unprecedented global headwinds”, the British people are worried about their future. The Chancellor said that he will deliver a plan “to tackle the cost of living crisis and rebuild our [British] economy”. ALSO READ | UK inflation soars to 41-year high before Jeremy Hunt's autumn statement The UK Chancellor announced that he is not going to change the remit of the Bank of England. Hunt told MPs: "So the Bank of England, which has done an outstanding job since its independence, now has my wholehearted support in its mission to defeat inflation and I today confirm we will not change its remit." Chancellor extends windfall tax Turning to the windfall tax on energy giants, Jeremy Hunt said that he has "no objection to windfall taxes if they are genuinely about windfall profits caused by unexpected increases in energy prices". He continued: "But any such tax should be temporary, not deter investment and recognise the cyclical nature of many energy businesses." "Taking account of this, I have decided that from January 1st until March 2028 we will increase the Energy Profits Levy from 25 per cent to 35 per cent." He also said that "from January 1st, we have also decided to introduce a new, temporary 45 per cent levy on electricity generators". The combined effect of these measures will bring in £14 billion, the Chancellor said. Chancellor freezes tax allowances Jeremy Hunt said he has decided to freeze a range of tax allowances to raise more cash for the Treasury. He said: "We are also taking difficult decisions on tax-free allowances. I am maintaining at current levels the income tax personal allowance, higher rate threshold, main national insurance thresholds, and inheritance tax thresholds for a further two years taking us to April 2028. Even after that, we will still have the most generous set of tax-free allowances of any G7 country." The Chancellor also announced that he is "reforming allowances on unearned income". He said: "The dividend allowance will be cut from £2,000 to £1,000 next year and then to £500 from April 2024. The Annual Exempt Amount for capital gains tax will be cut from £12,300 to £6,000 next year and then to £3,000 from April 2024. These changes still leave us with more generous allowances overall than countries like Germany, Ireland, France, and Canada." Electric cars lose exemption from Vehicle Excise Duty Jeremy Hunt said he has decided "that from April 2025 electric vehicles will no longer be exempt from Vehicle Excise Duty". On housing, he said: "The OBR expects housing activity to slow over the next two years, so the stamp duty cuts announced in the mini-budget will remain in place but only until 31st March 2025." The inflation rate in the United Kingdom hit a fresh 41-year high in October, increasing to 11.1 per cent amid the cost of living crisis stoked by rising energy and food prices, in part due to the ongoing war in Ukraine. On an annual basis, food price inflation rose sharply to 16.5 per cent on an annual basis, the highest in 45 years, the UK Office of National Statistics said. WATCH | Jeremy Hunt vows to 'restore stability, get inflation down' For a household with average usage of both gas and electricity, the government in October had capped the bills at £2,500 per month. According to the UK's Office of National Statistics, gas prices have climbed by nearly 130 per cent while electricity prices have risen by close to 66 per cent over the past year. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Chancellor Jeremy Hunt announces tax hikes, spending squeeze in £55 billion autumn budget

New UK Finance Minister Jeremy Hunt has unveiled a new budget. He said that his government is honest about the challenges and UK's economy is already in recession. Sunak government has also lowered the income tax threshold amid economic downfall.

Rishi Sunak government lowers income tax threshold amid economic downfall

New UK Finance Minister Jeremy Hunt has unveiled a new budget. He said that his government is honest about the challenges and UK's economy is already in recession.

Sunak & Jeremy Hunt's economic roadmap: 'We are honest about our challenges'

Ahead of the UK's new budget, newly-elected PM Rishi Sunak issued a statement. He updated MPs on the G20 discussions held in Bali.

UK PM Rishi Sunak updates MPs on the G20 discussions held in Bali

After two unsuccessful UK Chancellors, new UK Finance Minister Jeremy Hunt is all set to release the Autumn budget, it is his debut and he has to get it right in the very first attempt, not only does he have pressure to kick-start, he also needs to correct his predecessors mistakes in the British economy.

Jeremy Hunt to present UK's autumn budget today, vows to 'restore stability, get inflation down'

After Indian Prime Minister Narendra Modi's speech at the G20 summit, UK Prime Minister Rishi Sunak addressed the closing ceremony. Watch this video to listen to what he said.

G20 meet: UK Prime Minister Rishi Sunak addresses summit

<p>British Prime Minister Rishi Sunak said on Tuesday that he has not seen any of former health minister Matt Hancock’s appearances on the reality TV show “I'm a Celebrity... Get Me Out of Here!”. Hancock was dismissed from the Conservative Party after he signed with the show and Sunak said that politics should be “noble” and devoid of such behaviour from lawmakers.</p>

<p>“I was disappointed when he went on the show … we’ve spent however long [on] all these challenges that the country faces – not just me. MPs not just from my party, from all parties, are focused on debating and trying to solve [the challenges]. I think that’s what we should be focused on and that’s why I was disappointed he went on the show,” Sunak told reporters at G20 Summit.</p>

<p>Also read |&nbsp;<a href="https://www.wionews.com/world/both-russia-and-ukraine-tortured-prisoners-of-war-during-ongoing-conflict-says-un-534430" hreflang="en">Both Russia and Ukraine tortured prisoners of war during ongoing conflict, says UN</a></p>

<p>However, Sunak also made it clear that Hancock needs to apologise to the public for his discretions during the COVID-19 pandemic and after that, he can hope for any forgiveness.</p>

<p>“I think politics at its best can and should be actually quite noble,” Sunak said. “I think most people who get into politics, from whatever party, do it because they care about public service.</p>

<p>Meanwhile, Sunak criticised Russia for the ongoing invasion of Ukraine and said that Russian President Vladimir Putin should have attended the event and faced all the world leaders.</p>

<p><strong>WATCH |&nbsp;UK PM Rishi Sunak: G20 condemns Russia's actions in Ukraine</strong></p>

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<p>“One man has the power to change all of this,” Sunak told the summit.</p>

<p>“It is notable that Putin didn’t feel able to join us here. Maybe if he had, we could get on with sorting things out. Because the single biggest difference that anyone could make is for Russia to get out of Ukraine and end this barbaric war.”</p>

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British Prime Minister Rishi Sunak said on Tuesday that he has not seen any of former health minister Matt Hancock’s appearances on the reality TV show “I'm a Celebrity.

British Prime Minister Rishi Sunak said on Tuesday that he has not seen any of former health minister Matt Hancock’s appearances on the reality TV show “I'm a Celebrity... Get Me Out of Here!”. Hancock was dismissed from the Conservative Party after he signed with the show and Sunak said that politics should be “noble” and devoid of such behaviour from lawmakers. “I was disappointed when he went on the show … we’ve spent however long [on] all these challenges that the country faces – not just me. MPs not just from my party, from all parties, are focused on debating and trying to solve [the challenges]. I think that’s what we should be focused on and that’s why I was disappointed he went on the show,” Sunak told reporters at G20 Summit. Also read | Both Russia and Ukraine tortured prisoners of war during ongoing conflict, says UN However, Sunak also made it clear that Hancock needs to apologise to the public for his discretions during the COVID-19 pandemic and after that, he can hope for any forgiveness. “I think politics at its best can and should be actually quite noble,” Sunak said. “I think most people who get into politics, from whatever party, do it because they care about public service. Meanwhile, Sunak criticised Russia for the ongoing invasion of Ukraine and said that Russian President Vladimir Putin should have attended the event and faced all the world leaders. WATCH | UK PM Rishi Sunak: G20 condemns Russia's actions in Ukraine “One man has the power to change all of this,” Sunak told the summit. “It is notable that Putin didn’t feel able to join us here. Maybe if he had, we could get on with sorting things out. Because the single biggest difference that anyone could make is for Russia to get out of Ukraine and end this barbaric war.”

Rishi Sunak criticises former UK health minister for appearing on reality TV show

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<p>Former UK Prime Minister Liz Truss's suicidal mini-budget which eventually paved the way for her downfall may have cost the country's economy a staggering $35 billion (£30 billion), according to a new report.&nbsp;</p>

<p>A UK-based independent think tank named Resolution Foundation crunched the numbers and arrived at the $35 billion figure. It added that the fiscal hole could have been far higher if new Chancellor Jeremy Hunt had not taken a swift u-turn on several of her key financial policies.&nbsp;</p>

<p>The think thank said during the tumultuous seven-week reign of Truss, nearly $23 billion (£20 billion) was wasted away on unfunded cuts to national insurance and stamp duty. Additionally, $11 billion&nbsp;(£10 billion)</p>

<p>As reported by WION, the UK government under Truss was forced to abandon its plan to abolish the 45 per cent top rate of income tax.&nbsp;</p>

<p>The humiliating U-turn was necessitated days after Truss announced it in her mini-budget alongside then Chancellor Kwasi Kwarteng. The latter was unceremoniously sacked by Truss after the party, opposition and the public openly criticised her plans.&nbsp;</p>

<p><a href="https://www.wionews.com/videos/uk-economy-liz-truss-u-turn-on-45-tax-cut-for-the-rich-522078" target="_blank"><strong>WATCH | UK economy | Liz Truss' U-Turn on 45% tax cut for the rich</strong></a></p>

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<p>Still reeling from the effects of 'Trussonomics', Jeremy Hunt is expected to unveil a new taxation scheme, according to which, nearly 246,000 people in Britain&nbsp;will be forced to pay the top rate of tax.&nbsp;</p>

<p>Many expect that the new prime minister and the chancellor will reportedly reduce the 45p income tax rate threshold from £150,000 ($177,600) to £125,000 ($148,000). This is expected to be announced during the Autumn Statement, the British media reported.&nbsp;</p>

<p><a href="https://www.wionews.com/world/new-plan-by-uk-pm-sunak-and-jeremy-hunt-will-make-over-200000-britishers-to-pay-tax-533641" target="_blank"><strong>Read more: New plan by UK PM Sunak and Jeremy Hunt will make over 200,000 Britishers pay tax</strong></a>,”</p>

<p>With this new plan, the government aims to collect approximately £1.3 billion ($14.9 million) annually, as it makes efforts to close a fiscal gap estimated at £60 billion through increasing taxes and reducing spending.&nbsp;</p>

<p>Truss and her plan looked alright on paper but the government did not have the money to fund the tax cuts. It started a domino effect which ended with her rather tame resignation.&nbsp;</p>

<p>Prime Minister Sunak, sympathetic to Truss&nbsp;said that he is open to tax cuts in the long run, but ruled out short-term tax cuts.</p>

<p><em>(With inputs from agencies)</em></p>

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Former UK Prime Minister Liz Truss's suicidal mini-budget which eventually paved the way for her downfall may have cost the country's economy a staggering $35 billion (£30 billion), according to a new report.

Former UK Prime Minister Liz Truss's suicidal mini-budget which eventually paved the way for her downfall may have cost the country's economy a staggering $35 billion (£30 billion), according to a new report. A UK-based independent think tank named Resolution Foundation crunched the numbers and arrived at the $35 billion figure. It added that the fiscal hole could have been far higher if new Chancellor Jeremy Hunt had not taken a swift u-turn on several of her key financial policies. The think thank said during the tumultuous seven-week reign of Truss, nearly $23 billion (£20 billion) was wasted away on unfunded cuts to national insurance and stamp duty. Additionally, $11 billion (£10 billion) As reported by WION, the UK government under Truss was forced to abandon its plan to abolish the 45 per cent top rate of income tax. The humiliating U-turn was necessitated days after Truss announced it in her mini-budget alongside then Chancellor Kwasi Kwarteng. The latter was unceremoniously sacked by Truss after the party, opposition and the public openly criticised her plans. WATCH | UK economy | Liz Truss' U-Turn on 45% tax cut for the rich × Still reeling from the effects of 'Trussonomics', Jeremy Hunt is expected to unveil a new taxation scheme, according to which, nearly 246,000 people in Britain will be forced to pay the top rate of tax. Many expect that the new prime minister and the chancellor will reportedly reduce the 45p income tax rate threshold from £150,000 ($177,600) to £125,000 ($148,000). This is expected to be announced during the Autumn Statement, the British media reported. Read more: New plan by UK PM Sunak and Jeremy Hunt will make over 200,000 Britishers pay tax,” With this new plan, the government aims to collect approximately £1.3 billion ($14.9 million) annually, as it makes efforts to close a fiscal gap estimated at £60 billion through increasing taxes and reducing spending. Truss and her plan looked alright on paper but the government did not have the money to fund the tax cuts. It started a domino effect which ended with her rather tame resignation. Prime Minister Sunak, sympathetic to Truss said that he is open to tax cuts in the long run, but ruled out short-term tax cuts. (With inputs from agencies) WATCH WION LIVE HERE:

Former PM Liz Truss's mini-budget cost the UK exchequer $35 billion: Report

<p>Nearly a quarter of million more Britishers might find themselves subjected to pay&nbsp;the high rate of income taxation as per the new plans unveiled by the UK PM Rishi Sunak and Jeremy Hunt.&nbsp;A report by Moore Kingston Smith for the Times stated that nearly 246,000 people will be forced to pay the top rate of tax.&nbsp;</p>

<p><a href="https://www.wionews.com/world/uk-and-france-to-strike-deal-to-stop-migrants-from-crossing-english-channel-533582"><strong>Also read |&nbsp;UK and France to strike deal to stop migrants from crossing English Channel</strong></a></p>

<p>Many expect that the new prime minister and the chancellor will reportedly reduce the 45p income tax rate threshold from £150,000 ($177,600) to £125,000 ($148,000). This is expected to be announced during the Autumn Statement, the Telegraph reported.</p>

<p>With this new plan, the government aims to collect approximately £1.3 billion ($14.9 million) annually, as it makes efforts to close a fiscal gap estimated at £60 billion through increasing taxes and reducing spending.&nbsp;</p>

<p>The plan will cost £580 ($686.7) per year for the individuals. Currently, over 600,000 people who are already paying the tax will now see their bills increase&nbsp;to £1,250 ($1,480) per year.&nbsp;</p>

<p><a href="https://www.wionews.com/world/rishi-sunaks-close-aide-gavin-williamson-quits-amid-bullying-allegations-532460"><strong>Also read |&nbsp;Rishi Sunak's close aide Gavin Williamson quits as minister amid 'bullying' allegations</strong></a></p>

<p>The public sector wages are expected to be limited to 2 per cent, and many professions such as nurses, and police will see a decline in their income.&nbsp;</p>

<p>The prime minister said that he is open to tax cuts in the long run, but has ruled out short-term tax cuts. The chancellor said that in order to achieve long-term sustainable growth, the country needs to control inflation and create financial stability. He said, "There is no other way."</p>

<p>Earlier, during Truss's administration, ousted chancellor Kwasi Kwarteng during the September mini-budget declared that the 45p top rate of tax will be eliminated completely. However, after heavy&nbsp;criticism from Tory MPs and the country's currency hitting a historic low, he changed the idea after three weeks.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

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Nearly a quarter of million more Britishers might find themselves subjected to pay the high rate of income taxation as per the new plans unveiled by the UK PM Rishi Sunak and Jeremy Hunt.

Nearly a quarter of million more Britishers might find themselves subjected to pay the high rate of income taxation as per the new plans unveiled by the UK PM Rishi Sunak and Jeremy Hunt. A report by Moore Kingston Smith for the Times stated that nearly 246,000 people will be forced to pay the top rate of tax. Also read | UK and France to strike deal to stop migrants from crossing English Channel Many expect that the new prime minister and the chancellor will reportedly reduce the 45p income tax rate threshold from £150,000 ($177,600) to £125,000 ($148,000). This is expected to be announced during the Autumn Statement, the Telegraph reported. With this new plan, the government aims to collect approximately £1.3 billion ($14.9 million) annually, as it makes efforts to close a fiscal gap estimated at £60 billion through increasing taxes and reducing spending. The plan will cost £580 ($686.7) per year for the individuals. Currently, over 600,000 people who are already paying the tax will now see their bills increase to £1,250 ($1,480) per year. Also read | Rishi Sunak's close aide Gavin Williamson quits as minister amid 'bullying' allegations The public sector wages are expected to be limited to 2 per cent, and many professions such as nurses, and police will see a decline in their income. The prime minister said that he is open to tax cuts in the long run, but has ruled out short-term tax cuts. The chancellor said that in order to achieve long-term sustainable growth, the country needs to control inflation and create financial stability. He said, "There is no other way." Earlier, during Truss's administration, ousted chancellor Kwasi Kwarteng during the September mini-budget declared that the 45p top rate of tax will be eliminated completely. However, after heavy criticism from Tory MPs and the country's currency hitting a historic low, he changed the idea after three weeks. (With inputs from agencies) WATCH WION LIVE HERE

New plan by UK PM Sunak and Jeremy Hunt will make over 200,000 Britishers pay tax

<p>UK Prime Minister Rishi Sunak has sent a special message to the England cricket team ahead of the all-important T20 World Cup 2022 final against Pakistan. England will lock horns with Babar Azam &amp; Co. in a blockbuster summit clash at the Melbourne Cricket Ground (MCG) in Melbourne on Sunday (November 13).</p>

<p>This will be the first time England and Pakistan will meet each other in the final of the T20 World Cup. Both teams have won the trophy once and have played some quality cricket so far in the tournament to make it to the final. While Pakistan got the better of New Zealand in the semi-final, England defeated India to book a spot in the final.</p>

<p>Sunak wished luck to the England cricket team ahead of the final and said he will be cheering for them like every other cricket fan in the country.&nbsp;"Good luck to @englandcricket in the T20 World Cup final against Pakistan tomorrow. I'll be cheering you on, along with every other cricket fan across the UK. We're behind you all the way," read a tweet from UK PM's official Twitter handle.</p>

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<p dir="ltr" lang="en">Good luck to <a href="https://twitter.com/englandcricket?ref_src=twsrc%5Etfw">@englandcricket</a> in the T20 World Cup final against Pakistan tomorrow.<br />
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I’ll be cheering you on, along with every other cricket fan across the UK.<br />
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We’re behind you all the way.</p>
— Rishi Sunak (@RishiSunak) <a href="https://twitter.com/RishiSunak/status/1591511415797448705?ref_src=twsrc%5Etfw">November 12, 2022</a></blockquote>
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<p><strong>Also Read:&nbsp;</strong><a href="https://www.wionews.com/sports/used-to-study-and-work-part-time-as-salesman-pakistan-pacer-haris-rauf-recalls-his-struggles-533616">Used to study and work part-time as salesman: Pakistan pacer Haris Rauf recalls his struggles</a></p>

<p>England hold a massive advantage against Pakistan when it comes to the head-to-head record between the two teams in T20Is. England have managed 18 wins compared to Pakistan's 9 in the 27 meetings between the two teams in the shortest format so far.</p>

<p>Both the finalists were involved in a seven-match T20I series in Pakistan in the build-up to the tournament. England managed to clinch the series 4-3 but Pakistan managed to impress with their performance at home.</p>

<p><strong>Also Read:&nbsp;</strong><a href="https://www.wionews.com/sports/england-vs-pakistan-t20-world-cup-final-live-streaming-predicted-xis-and-all-you-need-to-know-533599">England vs Pakistan, T20 World Cup final: Live streaming, predicted XIs and all you need to know</a></p>

<p>Pakistan had a disastrous start to their campaign in the T20 World Cup 2022 after losing their first two games in a row. However, the Men in Green have been unbeaten since and have managed to make it to the final with four wins in a row. England too suffered a shock defeat against Ireland but recovered well to reach the summit clash.</p>

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UK Prime Minister Rishi Sunak has sent a special message to the England cricket team ahead of the all-important T20 World Cup 2022 final against Pakistan. England will lock horns with Babar Azam & Co.

UK Prime Minister Rishi Sunak has sent a special message to the England cricket team ahead of the all-important T20 World Cup 2022 final against Pakistan. England will lock horns with Babar Azam & Co. in a blockbuster summit clash at the Melbourne Cricket Ground (MCG) in Melbourne on Sunday (November 13). This will be the first time England and Pakistan will meet each other in the final of the T20 World Cup. Both teams have won the trophy once and have played some quality cricket so far in the tournament to make it to the final. While Pakistan got the better of New Zealand in the semi-final, England defeated India to book a spot in the final. Sunak wished luck to the England cricket team ahead of the final and said he will be cheering for them like every other cricket fan in the country. "Good luck to @englandcricket in the T20 World Cup final against Pakistan tomorrow. I'll be cheering you on, along with every other cricket fan across the UK. We're behind you all the way," read a tweet from UK PM's official Twitter handle. Good luck to @englandcricket in the T20 World Cup final against Pakistan tomorrow. I’ll be cheering you on, along with every other cricket fan across the UK. We’re behind you all the way. — Rishi Sunak (@RishiSunak) November 12, 2022 × Also Read: Used to study and work part-time as salesman: Pakistan pacer Haris Rauf recalls his struggles England hold a massive advantage against Pakistan when it comes to the head-to-head record between the two teams in T20Is. England have managed 18 wins compared to Pakistan's 9 in the 27 meetings between the two teams in the shortest format so far. Both the finalists were involved in a seven-match T20I series in Pakistan in the build-up to the tournament. England managed to clinch the series 4-3 but Pakistan managed to impress with their performance at home. Also Read: England vs Pakistan, T20 World Cup final: Live streaming, predicted XIs and all you need to know Pakistan had a disastrous start to their campaign in the T20 World Cup 2022 after losing their first two games in a row. However, the Men in Green have been unbeaten since and have managed to make it to the final with four wins in a row. England too suffered a shock defeat against Ireland but recovered well to reach the summit clash. ×

UK PM Rishi Sunak sends special message to England team ahead of T20 World Cup final

In a bid to reach a consensus and break a deadlock over Northern Ireland Protocol, UK Prime Minister Rishi Sunak to meet Ireland's Martin.

Breaking Northern Ireland deadlock: UK PM Sunak to meet Ireland's Martin

<p>Buckling under heavy pressure, Conservative leader&nbsp;Sir Gavin Williamson on Tuesday resigned as a government minister, a little more than a fortnight after&nbsp;his appointment into the Rishi Sunak cabinet.&nbsp;</p>

<p>Taking to Twitter,&nbsp;Williamson posted a letter where he stopped short of apologising for his actions but said the controversy was impacting the working of the government and thus he decided to resign.&nbsp;</p>

<p>"As you know, there is an ongoing complaints process concerning text messages I sent to a colleague. I am complying with this process and have apologised to the recipient for those messages," read the letter.&nbsp;</p>

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<p>"Since then, there have been other allegations made about my past conduct. I refute the characterisation of these claims, but I recognise these are becoming a distraction for the good work this government is doing for the British people," added Williamson.&nbsp;</p>

<p><a href="https://www.wionews.com/videos/uk-minister-gavin-williamson-misconduct-allegations-pm-rishi-sunak-stands-by-him-531705"><strong>WATCH |&nbsp;UK Minister Gavin Williamson misconduct allegations; PM Rishi Sunak stands by him</strong></a></p>

<p>The Tory leader said he was stepping back&nbsp;from the government so that he could "comply fully with the complaints process that is underway" and clear his name.&nbsp;</p>

<p><strong>What is the controversy?</strong></p>

<p>The controversy dates back to the time when Theresa May resided at 10, Downing Street. As the defence secretary, Williamson intimidated a senior civil worker in the Ministry of Defence and asked them to “slit"&nbsp;their throat and suggested that they 'jump' out the window.&nbsp;</p>

<p>The particular allegation comes in the backdrop of&nbsp;Williamson's former deputy Anne Milton in a TV interview stating his behaviour in the office was "threatening" and "intimidating".&nbsp;</p>

<p>"On one occasion, we had an MP who'd got a few financial problems, some financial help was given. It wasn't a great amount, but I do remember him asking me to give the MP in question the cheque," said&nbsp;Milton.</p>

<p>"And he waved it under my nose and said: 'Make sure when you give him this cheque he knows that I now own him'."</p>

<p><a href="https://www.wionews.com/world/watch-uk-pm-rishi-sunak-rushed-out-by-his-aides-at-cop27-meet-532060"><strong>Watch: UK PM Rishi Sunak rushed out by his aides at COP27 meet</strong></a></p>

<p>Milton who worked in the Tory whips' office between 2016 and 2017, also added that 46-year-old Williamson loved to engage in&nbsp;salacious gossip which often turned sexual in nature.&nbsp;</p>

<p>"There were a few - the salacious gossip, which I've talked about, people's sexual preferences, that sort of thing. He loved all that. He would come into the office and say,&nbsp;'Guess who enjoys some form of sex or another'."</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>WATCH WION LIVE HERE:&nbsp;</strong></p>

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Buckling under heavy pressure, Conservative leader Sir Gavin Williamson on Tuesday resigned as a government minister, a little more than a fortnight after his appointment into the Rishi Sunak cabinet.

Buckling under heavy pressure, Conservative leader Sir Gavin Williamson on Tuesday resigned as a government minister, a little more than a fortnight after his appointment into the Rishi Sunak cabinet. Taking to Twitter, Williamson posted a letter where he stopped short of apologising for his actions but said the controversy was impacting the working of the government and thus he decided to resign. "As you know, there is an ongoing complaints process concerning text messages I sent to a colleague. I am complying with this process and have apologised to the recipient for those messages," read the letter. pic.twitter.com/3lMzmHqzsN — Gavin Williamson (@GavinWilliamson) November 8, 2022 × "Since then, there have been other allegations made about my past conduct. I refute the characterisation of these claims, but I recognise these are becoming a distraction for the good work this government is doing for the British people," added Williamson. WATCH | UK Minister Gavin Williamson misconduct allegations; PM Rishi Sunak stands by him The Tory leader said he was stepping back from the government so that he could "comply fully with the complaints process that is underway" and clear his name. What is the controversy? The controversy dates back to the time when Theresa May resided at 10, Downing Street. As the defence secretary, Williamson intimidated a senior civil worker in the Ministry of Defence and asked them to “slit" their throat and suggested that they 'jump' out the window. The particular allegation comes in the backdrop of Williamson's former deputy Anne Milton in a TV interview stating his behaviour in the office was "threatening" and "intimidating". "On one occasion, we had an MP who'd got a few financial problems, some financial help was given. It wasn't a great amount, but I do remember him asking me to give the MP in question the cheque," said Milton. "And he waved it under my nose and said: 'Make sure when you give him this cheque he knows that I now own him'." Watch: UK PM Rishi Sunak rushed out by his aides at COP27 meet Milton who worked in the Tory whips' office between 2016 and 2017, also added that 46-year-old Williamson loved to engage in salacious gossip which often turned sexual in nature. "There were a few - the salacious gossip, which I've talked about, people's sexual preferences, that sort of thing. He loved all that. He would come into the office and say, 'Guess who enjoys some form of sex or another'." (With inputs from agencies) WATCH WION LIVE HERE:

Rishi Sunak's close aide Gavin Williamson quits as minister amid 'bullying' allegations

On the sidelines of the ongoing UN COP27 summit in Egypt, UK Prime Minister Rishi Sunak and French President Emmanuel Macron agreed on the importance of continuing to drive climate action forward.

Rishi Sunak and Emmanuel Macron hold talks on sidelines of COP27

UK's labor party has called on UK prime minister Rishi Sunak to block the nomination of Boris Johnson's peers in the House of Lords. Scotland Secretary Alister Jack, former culture secretary Nadine Dorries, former minister Nigel Adams and the outgoing COP26 President Alok Sharma are among those expected to be nominated by the former prime minister to be elevated to the House of Lords.

Labour calls on UK PM Rishi Sunak to block Boris Johnson's 'conveyer belt of cronies'

British Prime Minister, Rishi Sunak, being "sidelined" at the COP27 climate summit taking place in Egypt? Was his last-minute decision to attend the event poorly received?

Gravitas: UK's Sunak facing troubles at COP27?

<p>British Prime Minister Rishi Sunak was abruptly pulled out of an ongoing COP27 summit session by his aides in Egypt’s Sharm El-Sheikh city, leaving many attendees perplexed at the strange turn of events.</p>

<p>A video of the incident was shared on Twitter, showing Sunak being rushed out of the event by his aides. The clip was shared by the director of UK-based website Carbon Brief, Leo Hickman.</p>

<p>“UK prime minister Rishi Sunak has just been rushed out of the room by his aides during the middle of the launch for forests partnership at COP27,” he tweeted.</p>

<p>In the clip, it was seen that when Sunak was about to give a speech, his aide came running onto the stage and “whispered for more than a minute”, Hickman said. But the UK PM did not leave the stage.</p>

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<p dir="ltr" lang="en">UK prime minister <a href="https://twitter.com/RishiSunak?ref_src=twsrc%5Etfw">@RishiSunak</a> has just been rushed out of the room by his aides during the middle of the launch for forests partnership at <a href="https://twitter.com/hashtag/COP27?src=hash&amp;ref_src=twsrc%5Etfw">#COP27</a> <a href="https://t.co/OQy9TYkqpX">pic.twitter.com/OQy9TYkqpX</a></p>
— Leo Hickman (@LeoHickman) <a href="https://twitter.com/LeoHickman/status/1589645923591692288?ref_src=twsrc%5Etfw">November 7, 2022</a></blockquote>
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<p>When another aide came up to him and urged the UK leader to pay their heed, Sunak got out of the chair and left the room.</p>

<p><strong>Watch |&nbsp;UK Minister Gavin Williamson misconduct allegations; PM Rishi Sunak stands by him</strong></p>

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<p>“About 2 mins before he left an aide came onto the stage and was whispering in his ear for more than a minute...there was a discussion going on about, it seems, whether to leave at that moment. But Sunak stayed but another aide made the decision to go back to him and urge him to leave," Hickman further tweeted.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/world/uk-pm-rishi-sunak-to-announce-major-us-gas-deal-after-cop27-summit-report-532051" hreflang="en">UK PM Rishi Sunak to announce major US gas deal after COP27 summit: Report</a></p>

<p>It was unclear as to what transpired at the meeting until the political editor at The Sun, Harry Cole, revelated in his Twitter post, citing Downing Street sources, said that the incident was a minor issue relating to a late meeting with Germans and South Africans.</p>

<p>&nbsp;“Downing Street sources insist this was no biggie but a late decision to meet with Germans and South Africans. Despite the imagery...,” Cole said.</p>

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<p dir="ltr" lang="en">Downing Street sources insist this was no biggie but a late decision to meet with with Germans and South Africans. Despite the imagery... <a href="https://t.co/WWI3Bk45BE">https://t.co/WWI3Bk45BE</a></p>
— Harry Cole (@MrHarryCole) <a href="https://twitter.com/MrHarryCole/status/1589657168328159232?ref_src=twsrc%5Etfw">November 7, 2022</a></blockquote>
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<p>So far, there has been no official statement from Downing Street on the video.</p>

<p><strong>WATCH WION LIVE HERE: </strong></p>

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British Prime Minister Rishi Sunak was abruptly pulled out of an ongoing COP27 summit session by his aides in Egypt’s Sharm El-Sheikh city, leaving many attendees perplexed at the strange turn of events.

British Prime Minister Rishi Sunak was abruptly pulled out of an ongoing COP27 summit session by his aides in Egypt’s Sharm El-Sheikh city, leaving many attendees perplexed at the strange turn of events. A video of the incident was shared on Twitter, showing Sunak being rushed out of the event by his aides. The clip was shared by the director of UK-based website Carbon Brief, Leo Hickman. “UK prime minister Rishi Sunak has just been rushed out of the room by his aides during the middle of the launch for forests partnership at COP27,” he tweeted. In the clip, it was seen that when Sunak was about to give a speech, his aide came running onto the stage and “whispered for more than a minute”, Hickman said. But the UK PM did not leave the stage. UK prime minister @RishiSunak has just been rushed out of the room by his aides during the middle of the launch for forests partnership at #COP27 pic.twitter.com/OQy9TYkqpX — Leo Hickman (@LeoHickman) November 7, 2022 × When another aide came up to him and urged the UK leader to pay their heed, Sunak got out of the chair and left the room. Watch | UK Minister Gavin Williamson misconduct allegations; PM Rishi Sunak stands by him “About 2 mins before he left an aide came onto the stage and was whispering in his ear for more than a minute...there was a discussion going on about, it seems, whether to leave at that moment. But Sunak stayed but another aide made the decision to go back to him and urge him to leave," Hickman further tweeted. Also read | UK PM Rishi Sunak to announce major US gas deal after COP27 summit: Report It was unclear as to what transpired at the meeting until the political editor at The Sun, Harry Cole, revelated in his Twitter post, citing Downing Street sources, said that the incident was a minor issue relating to a late meeting with Germans and South Africans. “Downing Street sources insist this was no biggie but a late decision to meet with Germans and South Africans. Despite the imagery...,” Cole said. Downing Street sources insist this was no biggie but a late decision to meet with with Germans and South Africans. Despite the imagery... https://t.co/WWI3Bk45BE — Harry Cole (@MrHarryCole) November 7, 2022 × So far, there has been no official statement from Downing Street on the video. WATCH WION LIVE HERE:

Watch: UK PM Rishi Sunak rushed out by his aides at COP27 meet

<p>The crucial US midterm election takes place on Tuesday. However, on the eve of the polls, it was no rest for President Joe Biden who&nbsp;campaigned at a college in Maryland and went all out against the Republicans. In other news,&nbsp;British Prime Minister Rishi Sunak on Monday met&nbsp;French President Emmanuel Macron and the duo expressed hope about working together&nbsp;to combat illegal immigration</p>

<p><strong>Click on headlines to read more:&nbsp;</strong></p>

<p><a href="https://www.wionews.com/world/us-midterms-democrats-republicans-make-last-ditch-efforts-to-woo-voters-ahead-of-tuesdays-polls-532040"><strong>US midterms: Democrats, Republicans make last ditch efforts to woo voters ahead of Tuesday's polls</strong></a></p>

<p>On the eve of US midterm elections, President Joe Biden campaigned at a college in Maryland and told those present that a Republican win will spell disaster for democracy and undo much of the accomplishments of his presidency.&nbsp;</p>

<p><img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2022/11/08/309184-untitled-design-2022-11-08t081559004.png" /></p>

<p><a href="https://www.wionews.com/world/uk-pm-sunak-and-french-president-macron-meet-to-discuss-a-deal-to-tackle-illegal-migration-532028"><strong>UK PM Sunak and French President Macron meet to discuss a deal to tackle illegal migration</strong></a></p>

<p>British prime minister Rishi Sunak on Monday expressed hope about working with France to combat illegal immigration. His spokesperson claimed that the two countries were close to&nbsp;a new agreement to reduce the number of people crossing the English Channel.</p>

<p><img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2022/11/08/309168-new-wion-31.png" /></p>

<p><a href="https://www.wionews.com/world/north-korea-says-us-persistently-spreading-a-groundless-rumour-of-arms-dealings-between-it-and-russia-532032"><strong>North Korea claims US persistently spreading a groundless 'rumour of arms dealings' between it and Russia</strong></a></p>

<p>North Korea on Tuesday denied that US claims that it had arms dealings with Russia and said that it had no plans to do so.</p>

<p><img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2022/11/08/309170-new-wion-32.png" /></p>

<p><a href="https://www.wionews.com/world/in-2022-europe-experienced-the-worst-drought-since-middle-ages-which-killed-around-15000-died-who-532008"><strong>In 2022, Europe experienced the worst drought since the Middle Ages; it killed around 15,000 people: WHO</strong></a></p>

<p>Hot weather has resulted in the death of at least 15,000 people in Europe so far this year, said the World Health Organization on Monday.&nbsp;</p>

<p><img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2022/11/07/309137-new-wion-29.png" /></p>

<p><a href="https://www.wionews.com/videos/former-ambassador-to-india-tim-roemer-we-will-have-an-ambassador-soon-532021"><strong>WATCH |&nbsp;Former US Ambassador to India Tim Roemer: We will have an ambassador soon</strong></a></p>

<p>We are now eight months into the relentless war in Ukraine and there's now been an increasing buzz that India could potentially play a key role as a mediator between Russia and the West.</p>

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The crucial US midterm election takes place on Tuesday. However, on the eve of the polls, it was no rest for President Joe Biden who campaigned at a college in Maryland and went all out against the Republicans.

The crucial US midterm election takes place on Tuesday. However, on the eve of the polls, it was no rest for President Joe Biden who campaigned at a college in Maryland and went all out against the Republicans. In other news, British Prime Minister Rishi Sunak on Monday met French President Emmanuel Macron and the duo expressed hope about working together to combat illegal immigration Click on headlines to read more: US midterms: Democrats, Republicans make last ditch efforts to woo voters ahead of Tuesday's polls On the eve of US midterm elections, President Joe Biden campaigned at a college in Maryland and told those present that a Republican win will spell disaster for democracy and undo much of the accomplishments of his presidency. UK PM Sunak and French President Macron meet to discuss a deal to tackle illegal migration British prime minister Rishi Sunak on Monday expressed hope about working with France to combat illegal immigration. His spokesperson claimed that the two countries were close to a new agreement to reduce the number of people crossing the English Channel. North Korea claims US persistently spreading a groundless 'rumour of arms dealings' between it and Russia North Korea on Tuesday denied that US claims that it had arms dealings with Russia and said that it had no plans to do so. In 2022, Europe experienced the worst drought since the Middle Ages; it killed around 15,000 people: WHO Hot weather has resulted in the death of at least 15,000 people in Europe so far this year, said the World Health Organization on Monday. WATCH | Former US Ambassador to India Tim Roemer: We will have an ambassador soon We are now eight months into the relentless war in Ukraine and there's now been an increasing buzz that India could potentially play a key role as a mediator between Russia and the West. ×

Morning news brief: Biden campaigns on eve of polls, Sunak, Macron meet and more

<p>UK Prime Minister Rishi Sunak is reportedly in talks with the US for a major gas deal and is likely to make an announcement after the COP27 climate summit in Cairo, the Telegraph newspaper reported.</p>

<p>Under the deal, which is expected to be announced in a couple of weeks, the US will supply about 10 billion cubic metres of liquefied natural gas (LNG) to Britain.</p>

<p>This gas deal is expected to provide a major relief for the UK as it attempts to shrug off the cost-of-living crisis following its decision to cut off from Russian energy.</p>

<p>In recent months, gas prices have skyrocketed across Europe as economies reopen from COVID-19 lockdowns and high demand for LNG in Asia.</p>

<p>Reuters news agency reported that around 12 British energy suppliers have ceased trading this year, affecting more than 2 million customers.</p>

<p><strong>Watch |&nbsp;UK Minister Gavin Williamson misconduct allegations; PM Rishi Sunak stands by him</strong></p>

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<p>Earlier, Britain's National Grid had warned that UK’s ability to secure supply would depend upon its gas prices being high enough to attract exports from Europe and LNG from countries like Qatar and the United States.</p>

<p>The deal was supposed to be announced on October 21, but that plan was scrapped as Liz Truss had to resign following pressure from Tory members, the newspaper reported.</p>

<p>Meanwhile, Sunak, who is in Cairo for the COP27 climate change summit, called on the leaders to address the impact of climate quickly, adding that climate and energy security went "hand in hand".</p>

<p>"Climate security goes hand in hand with energy security," Sunak told a gathering at the COP27 climate summit in Egypt.</p>

<p>"Putin's abhorrent war in Ukraine, and rising energy prices across the world are not a reason to go slow on climate change. They are a reason to act faster."</p>

<p>(With inputs from agencies)</p>

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UK Prime Minister Rishi Sunak is reportedly in talks with the US for a major gas deal and is likely to make an announcement after the COP27 climate summit in Cairo, the Telegraph newspaper reported.

UK Prime Minister Rishi Sunak is reportedly in talks with the US for a major gas deal and is likely to make an announcement after the COP27 climate summit in Cairo, the Telegraph newspaper reported. Under the deal, which is expected to be announced in a couple of weeks, the US will supply about 10 billion cubic metres of liquefied natural gas (LNG) to Britain. This gas deal is expected to provide a major relief for the UK as it attempts to shrug off the cost-of-living crisis following its decision to cut off from Russian energy. In recent months, gas prices have skyrocketed across Europe as economies reopen from COVID-19 lockdowns and high demand for LNG in Asia. Reuters news agency reported that around 12 British energy suppliers have ceased trading this year, affecting more than 2 million customers. Watch | UK Minister Gavin Williamson misconduct allegations; PM Rishi Sunak stands by him Earlier, Britain's National Grid had warned that UK’s ability to secure supply would depend upon its gas prices being high enough to attract exports from Europe and LNG from countries like Qatar and the United States. The deal was supposed to be announced on October 21, but that plan was scrapped as Liz Truss had to resign following pressure from Tory members, the newspaper reported. Meanwhile, Sunak, who is in Cairo for the COP27 climate change summit, called on the leaders to address the impact of climate quickly, adding that climate and energy security went "hand in hand". "Climate security goes hand in hand with energy security," Sunak told a gathering at the COP27 climate summit in Egypt. "Putin's abhorrent war in Ukraine, and rising energy prices across the world are not a reason to go slow on climate change. They are a reason to act faster." (With inputs from agencies) WATCH WION LIVE HERE:

UK PM Rishi Sunak to announce major US gas deal after COP27 summit: Report

<p>The Premier League continues to make heads turn. There is lots happening in the PL as the action has kept the fans glued to the tv sets across the globe. For Southampton FC, it hasn't been a memorable campaign so far. They are currently languishing at the bottom of the table, at the 18th spot, with only three wins and equal number of draws but have lost as many as eight matches in the 2021/22 season.</p>

<p>Despite this, there is something to cheer for the Southampton FC fans. UK's newly-elected Prime Minister Rishi Sunak is a big fan of the club.&nbsp;At a hustings event in Exeter in in late October, Sunak mentioned about Southampton FC when asked&nbsp;what would've been his line of work had he not entered politics. To this, the 42-year-old said, "‘I’m a massive football fan, I’m from Southampton and if I would get to be able to run Southampton [I would do that]."</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/sports/europa-league-complete-draw-manchester-united-to-take-on-fc-barcelona-in-playoffs-for-a-spot-in-last-16-531951">Europa League complete draw: Manchester United to take on FC Barcelona in playoffs for a spot in last 16</a></strong></p>

<p>Following the revelation from UK PM, Sunak received a massive uproar from the crowd and said, "Oh, wow, is there a Saints fan here? Look at that, brilliant. Well, there’s three of them. Amazing. Well, if I could run Southampton Football Club, I would be a very happy man.’</p>

<p><strong>Rishi Sunak - An ardent fan of Southampton FC</strong></p>

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<p dir="ltr" lang="en">Taken 32 years but worth the wait.<br />
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Now let’s hope it lasts 😬 <a href="https://t.co/Wxv7e1suFE">pic.twitter.com/Wxv7e1suFE</a></p>
— Rishi Sunak (@RishiSunak) <a href="https://twitter.com/RishiSunak/status/1325014586177822723?ref_src=twsrc%5Etfw">November 7, 2020</a></blockquote>
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<p>Talking about the Southampton FC, also known as the Saints,&nbsp;legend Matt Le Tissier is Sunak's favourite player from the club. In their last outing, the Saints lost to Newcastle United FC 4-1 as their woes continues in the ongoing PL season. Their next game in the championship will be against the eighth-ranked Liverpool, who has won five and lost four games.&nbsp;</p>

<p>Despite their barren run in the Premier League, the&nbsp;James Ward-Prowse-led Southampton FC will look to draw some inspiration in their upcoming games from the fact that they are closely followed by UK PM Sunak.&nbsp;</p>


The Premier League continues to make heads turn. There is lots happening in the PL as the action has kept the fans glued to the tv sets across the globe. For Southampton FC, it hasn't been a memorable campaign so far.

The Premier League continues to make heads turn. There is lots happening in the PL as the action has kept the fans glued to the tv sets across the globe. For Southampton FC, it hasn't been a memorable campaign so far. They are currently languishing at the bottom of the table, at the 18th spot, with only three wins and equal number of draws but have lost as many as eight matches in the 2021/22 season. Despite this, there is something to cheer for the Southampton FC fans. UK's newly-elected Prime Minister Rishi Sunak is a big fan of the club. At a hustings event in Exeter in in late October, Sunak mentioned about Southampton FC when asked what would've been his line of work had he not entered politics. To this, the 42-year-old said, "‘I’m a massive football fan, I’m from Southampton and if I would get to be able to run Southampton [I would do that]." ALSO READ | Europa League complete draw: Manchester United to take on FC Barcelona in playoffs for a spot in last 16 Following the revelation from UK PM, Sunak received a massive uproar from the crowd and said, "Oh, wow, is there a Saints fan here? Look at that, brilliant. Well, there’s three of them. Amazing. Well, if I could run Southampton Football Club, I would be a very happy man.’ Rishi Sunak - An ardent fan of Southampton FC Taken 32 years but worth the wait. Now let’s hope it lasts 😬 pic.twitter.com/Wxv7e1suFE — Rishi Sunak (@RishiSunak) November 7, 2020 × Talking about the Southampton FC, also known as the Saints, legend Matt Le Tissier is Sunak's favourite player from the club. In their last outing, the Saints lost to Newcastle United FC 4-1 as their woes continues in the ongoing PL season. Their next game in the championship will be against the eighth-ranked Liverpool, who has won five and lost four games. Despite their barren run in the Premier League, the James Ward-Prowse-led Southampton FC will look to draw some inspiration in their upcoming games from the fact that they are closely followed by UK PM Sunak.

Not Man United, Man City or Chelsea! Here's which Premier League team UK PM Rishi Sunak supports

A minister in Prime Minister Rishi Sunak's cabinet has been accused of sending bullying texts. Gavin Williamson sent some offensive text messages to former Tory enforcer Wendy Morton. Interestingly, the minister is backed by Prime Minister Sunak.

UK PM Rishi Sunak stands by his cabinet minister accused of sending bullying texts

UK: A minister in Prime Minister Rishi Sunak's cabinet has been accused of sending bullying texts. Gavin Williamson sent some offensive text messages to Tory enforcer Wendy Morton. Interestingly, the minister is backed by Prime Minister Sunak.

UK Minister Gavin Williamson misconduct allegations; PM Rishi Sunak stands by him

As the war rages on in Ukraine, India's External Affairs Minister S Jaishankar is headed to Russia for a bilateral visit. The Prime Minister of United Kingdom Rishi Sunak has made its visit too. He is going to raise the issue of detained activists in the Summit.

UN Climate Summit: UK PM Sunak to address COP27 Summit, raise issue of detained activist

UN Climate Summit has begun in Egypt and this year the focus is on implementation of climate goals. British Prime Minister Rishi Sunak has arrived in Egypt and is set to address the UN climate Summit.

UN Climate Summit: UK PM Rishi Sunak to address COP27 Summit

<p>UK Prime Minister Rishi Sunak spoke of pride at becoming UK's first prime minister of colour. Sunak, who is an observant Hindu, said that him assuming the top post said something about Britain's diversity.</p>

<p>In an interview published on Saturday (November 5), Sunak revealed that he refused to step aside for ex-PM Boris Johnson when he sought to chart a political comeback after former PM Liz Truss resigned. He said he was convinced that as a former finance minister, he was the right person to lead the country through cost-of-living crisis.</p>

<p>Sunak won the race to replace Liz Truss as premier and leader of the Conservative Party on October 24, the same day Hindus marked Diwali, the festival of lights.</p>

<p>The new premier's first formal event in Downing Street was a Diwali reception.</p>

<p>"It was obviously marvellous. It meant a lot of things to a lot of people," said Sunak, who as Johnson's finance minister would lay out traditional Diwali decorations on the doorstep of his official residence at 11 Downing Street.</p>

<p>Sunak is of Indian heritage. His grandparents hailed from pre-independence India. They emigrated to Britain from eastern Africa in the 1960s.</p>

<p>"As chancellor I was able to light my Diwali Diyas (lamps) on the steps of Downing Street. It said something wonderful about our country that that was possible, but also that it wasn't a big deal."</p>

<p>"It was in a sense gosh, this is great, but also that's just Britain," he told The Times newspaper in his first major interview since taking office.</p>

<p>"Hopefully it's a source of collective pride across the country," he added.</p>

<p><em>(With inputs from agencies)</em></p>

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UK Prime Minister Rishi Sunak spoke of pride at becoming UK's first prime minister of colour. Sunak, who is an observant Hindu, said that him assuming the top post said something about Britain's diversity.

UK Prime Minister Rishi Sunak spoke of pride at becoming UK's first prime minister of colour. Sunak, who is an observant Hindu, said that him assuming the top post said something about Britain's diversity. In an interview published on Saturday (November 5), Sunak revealed that he refused to step aside for ex-PM Boris Johnson when he sought to chart a political comeback after former PM Liz Truss resigned. He said he was convinced that as a former finance minister, he was the right person to lead the country through cost-of-living crisis. Sunak won the race to replace Liz Truss as premier and leader of the Conservative Party on October 24, the same day Hindus marked Diwali, the festival of lights. The new premier's first formal event in Downing Street was a Diwali reception. "It was obviously marvellous. It meant a lot of things to a lot of people," said Sunak, who as Johnson's finance minister would lay out traditional Diwali decorations on the doorstep of his official residence at 11 Downing Street. Sunak is of Indian heritage. His grandparents hailed from pre-independence India. They emigrated to Britain from eastern Africa in the 1960s. "As chancellor I was able to light my Diwali Diyas (lamps) on the steps of Downing Street. It said something wonderful about our country that that was possible, but also that it wasn't a big deal." "It was in a sense gosh, this is great, but also that's just Britain," he told The Times newspaper in his first major interview since taking office. "Hopefully it's a source of collective pride across the country," he added. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Sunak speaks of pride at being first UK PM of colour

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<p>Earlier this year in April, Indian IT bellwether&nbsp;behemoth Infosys announced that it was going to move its business out of Russia. However, months after making the announcement, the company is still operating from Moscow, as per a Guardian report, putting the spotlight on UK Prime Minister Rishi Sunak, whose wife Akshata Murty receives annual dividends from the company.&nbsp;</p>

<p>According to reports, Infosys still has a staffed office on its roster in the Russian capital and is simultaneously paying subcontractors to carry out IT services for a global client.</p>

<p>In April, Infosys chief executive and managing director Salil Parekh had said, “Given what is going on in the region, we have started to transition all of our work from our centres in Russia to our centres outside Russia."</p>

<p>"We have no work with any Russian client today and we have no plans for any work with any Russian client going ahead," he had added.</p>

<p><a href="https://www.wionews.com/videos/indias-software-giant-infosys-announces-withdrawal-from-russia-470875"><strong>WATCH |&nbsp;India's software giant Infosys announces withdrawal from Russia</strong></a></p>

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<p>Opposition leaders are now gunning for Sunak's head saying the Russians are funding his household whose address has changed to 10, Downing Street just a few weeks back.&nbsp;</p>

<p>“It’s utterly scandalous that six months after Infosys said it would urgently pull out of Russia, the Sunak family could be materially benefiting from Moscow-based operations,"&nbsp;Labour's deputy leader Angela Rayner&nbsp;was quoted as saying by the publication.&nbsp;</p>

<p>Even in the lead-up to the elections, Sunak was forced to explain details about how he managed his family's fortune, which is said to total $840 million and has led to him being routinely referred to as the UK’s richest MP.&nbsp;</p>

<p>The majority of Sunak's fortune is derived from his marriage to Akshata who owns a 0.93 per cent stake worth $794 million in Infosys.</p>

<p>Reports of Akshata touted to be wealthier than British Queen Elizabeth II have&nbsp;always irked the British public and the recent reports of Infosys staying in Russia is expected to invite more scathing criticism.&nbsp;</p>

<p><a href="https://www.wionews.com/world/amidst-row-surrounding-uk-fm-rishi-sunak-wife-akshata-indias-infosys-exits-russia-470800" target="_blank"><strong>Read more: Amidst row surrounding UK FM Rishi Sunak &amp; wife Akshata, India’s Infosys to exit Russia</strong></a></p>

<p>As reported by WION, Akshata was able to save millions of pounds in tax on dividends, which were collected from her family's IT business.&nbsp;</p>

<p>Last year, she earned a dividend payment worth 11.6 million pounds ($15.1 million). It was only after the controversy snowballed and threatened to hurt Sunak that Akshata agreed to pay more tax on foreign income.</p>

<p><em>(With inputs from agencies)</em></p>

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Earlier this year in April, Indian IT bellwether behemoth Infosys announced that it was going to move its business out of Russia. However, months after making the announcement, the company is still operating from Moscow, as per a Guardian report, putting the spotlight on UK Prime Minister Rishi Sunak, whose wife Akshata Murty receives annual dividends from the company.

Earlier this year in April, Indian IT bellwether behemoth Infosys announced that it was going to move its business out of Russia. However, months after making the announcement, the company is still operating from Moscow, as per a Guardian report, putting the spotlight on UK Prime Minister Rishi Sunak, whose wife Akshata Murty receives annual dividends from the company. According to reports, Infosys still has a staffed office on its roster in the Russian capital and is simultaneously paying subcontractors to carry out IT services for a global client. In April, Infosys chief executive and managing director Salil Parekh had said, “Given what is going on in the region, we have started to transition all of our work from our centres in Russia to our centres outside Russia." "We have no work with any Russian client today and we have no plans for any work with any Russian client going ahead," he had added. WATCH | India's software giant Infosys announces withdrawal from Russia × Opposition leaders are now gunning for Sunak's head saying the Russians are funding his household whose address has changed to 10, Downing Street just a few weeks back. “It’s utterly scandalous that six months after Infosys said it would urgently pull out of Russia, the Sunak family could be materially benefiting from Moscow-based operations," Labour's deputy leader Angela Rayner was quoted as saying by the publication. Even in the lead-up to the elections, Sunak was forced to explain details about how he managed his family's fortune, which is said to total $840 million and has led to him being routinely referred to as the UK’s richest MP. The majority of Sunak's fortune is derived from his marriage to Akshata who owns a 0.93 per cent stake worth $794 million in Infosys. Reports of Akshata touted to be wealthier than British Queen Elizabeth II have always irked the British public and the recent reports of Infosys staying in Russia is expected to invite more scathing criticism. Read more: Amidst row surrounding UK FM Rishi Sunak & wife Akshata, India’s Infosys to exit Russia As reported by WION, Akshata was able to save millions of pounds in tax on dividends, which were collected from her family's IT business. Last year, she earned a dividend payment worth 11.6 million pounds ($15.1 million). It was only after the controversy snowballed and threatened to hurt Sunak that Akshata agreed to pay more tax on foreign income. (With inputs from agencies) WATCH WION LIVE HERE:

UK PM Rishi Sunak under pressure as Infosys continues to operate in Russia

<p>In order to generate nearly 40 billion pounds ($45.55 billion) over the next five years, British Prime Minister Rishi Sunak and Finance Minister Jeremy Hunt intend to extend windfall taxes on oil and gas corporations, according to a report published in The Times on Wednesday.</p>

<p>According to the publication, Sunak and Hunt seek to maximise income from the windfall tax by raising the rate from 25% to 30% and prolonging it until 2028. The plan will also be expanded to include power generators.</p>

<p>In response to Reuters' request for comment, Downing Street and the finance ministry did not immediately react.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/world/rishi-sunak-defends-uk-governments-handling-of-channel-migrants-530634">Rishi Sunak defends UK government's handling of channel migrants, asylum claims</a></p>

<p>The announcement comes as four of the five major oil firms in the world have already released earnings, generating combined net income of about $50 billion, helped by limited global supply and disruption caused by Moscow's invasion of Ukraine.&nbsp;</p>

<p>Last Thursday, Shell announced a $9.45 billion quarterly profit and increased its dividend by 15%.</p>

<p><strong>Also watch |&nbsp;WION Fineprint | Russia says UK behind Nord Stream blasts</strong></p>

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<p>The scale of the earnings has rekindled calls from lawmakers and consumer advocacy organisations to levy additional taxes on the firms to collect money to counteract the blow from increasing <a href="https://www.wionews.com/world/is-uk-government-working-on-war-gamed-emergency-plans-to-cope-with-energy-blackouts-530599">energy bills</a> to individuals, businesses, and the overall economy.</p>

<p>The 25% windfall tax on the earnings of oil and gas companies was implemented in May by Sunak during the administration of former Prime Minister Boris Johnson. This tax was used to pay for a set of household support programmes.</p>

<p>Oil and gas businesses at the time criticised the move, claiming it would reduce investment and local output.</p>

<p>Sunak's administration need to look into extending the Kyoto Protocol, according to Alok Sharma, the COP26 summit's president, who announced this earlier this week.</p>

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In order to generate nearly 40 billion pounds ($45.55 billion) over the next five years, British Prime Minister Rishi Sunak and Finance Minister Jeremy Hunt intend to extend windfall taxes on oil and gas corporations, according to a report published in The Times on Wednesday.

In order to generate nearly 40 billion pounds ($45.55 billion) over the next five years, British Prime Minister Rishi Sunak and Finance Minister Jeremy Hunt intend to extend windfall taxes on oil and gas corporations, according to a report published in The Times on Wednesday. According to the publication, Sunak and Hunt seek to maximise income from the windfall tax by raising the rate from 25% to 30% and prolonging it until 2028. The plan will also be expanded to include power generators. In response to Reuters' request for comment, Downing Street and the finance ministry did not immediately react. Also read | Rishi Sunak defends UK government's handling of channel migrants, asylum claims The announcement comes as four of the five major oil firms in the world have already released earnings, generating combined net income of about $50 billion, helped by limited global supply and disruption caused by Moscow's invasion of Ukraine. Last Thursday, Shell announced a $9.45 billion quarterly profit and increased its dividend by 15%. Also watch | WION Fineprint | Russia says UK behind Nord Stream blasts The scale of the earnings has rekindled calls from lawmakers and consumer advocacy organisations to levy additional taxes on the firms to collect money to counteract the blow from increasing energy bills to individuals, businesses, and the overall economy. The 25% windfall tax on the earnings of oil and gas companies was implemented in May by Sunak during the administration of former Prime Minister Boris Johnson. This tax was used to pay for a set of household support programmes. Oil and gas businesses at the time criticised the move, claiming it would reduce investment and local output. Sunak's administration need to look into extending the Kyoto Protocol, according to Alok Sharma, the COP26 summit's president, who announced this earlier this week. WATCH WION LIVE HERE:

UK plans to extend windfall taxes on energy firms; aims to raise $45.55 billion over five years

The United Kingdom saw a third prime minister in just seven weeks. But why was India celebrating? Rishi Sunak is the first Indian-origin prime minister to sit in the 10 downing, but is New Delhi's jubilation misplaced? Mariam Wardak finds out.

South Asia Diary: Why is India celebrating Rishi Sunak's win?

UK Prime Minister Rishi Sunak has reversed his decision to skip the COP27 climate summit in Egypt next week. The decision comes after former Prime Minister Boris Johnson confirmed his intention to go for the climate meeting.

Rishi Sunak makes U-turn, says will attend COP27 summit

Rishi Sunak makes U-turn, says will attend COP27 climate summit

<p>This coming winter will be difficult for Europe amid the ongoing Russia-Ukraine war, but for the United Kingdom, it might be worse as the country faces several crises.&nbsp;</p>

<p>As the nation looks for political stability, economic status continues to be a concerning issue for the policymakers because reports state that amid a cost-of-living crisis, Brits could be plunged into darkness this winter with the coldest months yet to come.&nbsp;</p>

<p>But how is the government planning to address the issue? As seen by the British media outlet The Guardian, official documents show that the authorities have "war gamed" emergency plans to cope with energy blackouts lasting up to seven days.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/gchq-mi5and-mi6-alter-hiring-rules-will-recruit-non-british-parentage-spies-530470">UK PM Rishi Sunak is looking to close the Confucius Institutes, says security minister</a>&nbsp;</strong></p>

<p>This comes amid growing fears over the security of supply this winter during a potential national power outage. The report mentioned that the documents were marked "official sensitive" and they warned that in a "reasonable worst-case scenario" all major sectors such as; transport, food and water supply, communications and energy, could be "severely disrupted" for up to a week.&nbsp;</p>

<p>The document also underlined that in case of such a scenario, the government will give priority to food, water and shelter to young and elderly people.&nbsp;</p>

<p>Guardian report mentioned that the country might experience a blackout for a week. Meanwhile, a BBC report also said the same thing as it reported quoting National Grid that the blackouts would be the last resort this winter if energy supplies stop or run low.&nbsp;</p>

<p><strong>WATCH |&nbsp;UK PM Rishi Sunak makes U-turn on attending COP27, confirms his attendance&nbsp;</strong></p>

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<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/gchq-mi5and-mi6-alter-hiring-rules-will-recruit-non-british-parentage-spies-530470">GCHQ, MI5and MI6 alter hiring rules. Will recruit non-British parentage spies</a>&nbsp;</strong></p>

<p>UK National Grid's boss, John Pettigrew, told BBC that it assumed that the UK would have enough supplies to meet heating and lighting demand this winter, but short rolling power cuts were a possibility.&nbsp;</p>

<p>Pettigrew told BBC: "There could be energy shortfalls in the UK and we will manage that very carefully. This isn't a time for people to panic."&nbsp;</p>

<p>"Most importantly what we're doing is making sure that the infrastructure that we have and the networks are robust and ready for the winter, and I've got thousands of engineers making sure that the network is ready for whatever weather we see over the winter," he added.&nbsp;</p>

<p>The report mentioned that the UK government is currently stress-testing Programme Yarrow, which is a confidential plan to address power outages that will impact millions of households.&nbsp;</p>

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This coming winter will be difficult for Europe amid the ongoing Russia-Ukraine war, but for the United Kingdom, it might be worse as the country faces several crises.

This coming winter will be difficult for Europe amid the ongoing Russia-Ukraine war, but for the United Kingdom, it might be worse as the country faces several crises. As the nation looks for political stability, economic status continues to be a concerning issue for the policymakers because reports state that amid a cost-of-living crisis, Brits could be plunged into darkness this winter with the coldest months yet to come. But how is the government planning to address the issue? As seen by the British media outlet The Guardian, official documents show that the authorities have "war gamed" emergency plans to cope with energy blackouts lasting up to seven days. ALSO READ | UK PM Rishi Sunak is looking to close the Confucius Institutes, says security minister This comes amid growing fears over the security of supply this winter during a potential national power outage. The report mentioned that the documents were marked "official sensitive" and they warned that in a "reasonable worst-case scenario" all major sectors such as; transport, food and water supply, communications and energy, could be "severely disrupted" for up to a week. The document also underlined that in case of such a scenario, the government will give priority to food, water and shelter to young and elderly people. Guardian report mentioned that the country might experience a blackout for a week. Meanwhile, a BBC report also said the same thing as it reported quoting National Grid that the blackouts would be the last resort this winter if energy supplies stop or run low. WATCH | UK PM Rishi Sunak makes U-turn on attending COP27, confirms his attendance × ALSO READ | GCHQ, MI5and MI6 alter hiring rules. Will recruit non-British parentage spies UK National Grid's boss, John Pettigrew, told BBC that it assumed that the UK would have enough supplies to meet heating and lighting demand this winter, but short rolling power cuts were a possibility. Pettigrew told BBC: "There could be energy shortfalls in the UK and we will manage that very carefully. This isn't a time for people to panic." "Most importantly what we're doing is making sure that the infrastructure that we have and the networks are robust and ready for the winter, and I've got thousands of engineers making sure that the network is ready for whatever weather we see over the winter," he added. The report mentioned that the UK government is currently stress-testing Programme Yarrow, which is a confidential plan to address power outages that will impact millions of households. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Is the UK government working on 'war gamed' emergency plans to tackle energy blackouts?

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