The United Kingdom's Treasury chief Kwasi Kwarteng said Monday that he would abandon plans to scrap the top 45% rate of income tax paid on earnings above 150,000 pounds ($167,000) a year. “We get it, and we have listened,” he said in a statement.

UK Chancellor Kwasi Kwarteng scraps tax cut for wealthy after market turmoil

Liz Truss is having trouble convincing Conservative MPs to support her divisive mini-budget; some are even ready to rebel outright out of concern that they will once again be labelled as the "ugly party.

Tory MPs threaten rebellion against Truss over mini-budget

It has been barely a month since Liz Truss took over the reins from Boris Johnson as the UK’s Prime Minister and it seems that she is already facing a major crisis in gaining faith of the people. According to the Observer poll, the approval ratings of Truss and the Tories have plunged.

Is UK's financial disaster a warning to the world?

UK PM Truss' ratings plummet lower than Johnson's

London is witnessing huge protests against rising energy bills and the cost of living despite the promises of the new UK government. The prices refuse to come down and the anger is now boiling.

UK: Londoners rally against the cost of living crisis, block roads and bridges

UK PM Liz Truss has admitted that mini-budget caused disruption in the British economy. She said, not everyone will like what we are doing but the British economy will bounce back.

UK PM Liz Truss admits mini-budget caused disruption

According to recent reports, the Chinese government has opened several illegal police stations across the world, including in countries like Europe, the UK, the US, Canada and Ireland.

China has opened illegal police stations in several countries across the world: Report

"It's a very significant moment for all of us - the Romans and the British public as a whole because what we are seeing is the first official portrait of King Charles and in addition to that we are also marking the service and dedication of Queen Elizabeth II on over many years on the throne," said Chris Barker, Information and Research Manager at Royal Mint Museum.

Royal Mint unveils new UK coins; King Charles' image to appear on 50 pence coins

British Railway Unions are urging residents to avoid trains across Britain this Saturday, if they can. The advisory comes ahead of a major plan to strike. Scheduled drivers at 14 operators to be on strike and there may be no trains at all at times between London and major cities like Birmingham, Edinburgh, Manchester, Liverpool, Newcastle, Brighton and Norwich.

British Railway Unions to go on strike, urge residents to avoid trains

UK PM Liz Truss has now broken silence on the mini budget that her government has unveiled. Truss has defended her decision to cut taxes. She said, "the tax cuts and energy support plan will get the economy moving and will deal with inflation."

UK PM Liz Truss defends tax cuts, mini budget

British Prime Minister Liz Truss has been in office for less than a month and is already facing a severe financial problem that has some Conservatives feeling mutinous as the party's annual convention approaches.

UK: Truss to hold emergency talks with fiscal watchdog as poll puts Labour 33 points ahead

The Bank of England is in crisis mode. It has decided to buy government bonds to stabilise the UK's financial system. But UK PM Liz Truss has refused to change course. Priyanka Sharma tells you more.

Gravitas: Trussonomics gets a thumbs down

According to a YouGov poll, United Kingdom's Labour have surged to a 33-point lead over the ruling Conservatives, the largest lead any party has enjoyed since the late 1990s.

YouGov poll: UK's Labour has 33-points lead over ruling Conservatives

It's the start of a new era. The official effigy of King Charles III will be used on coins after his succession to the throne, Britain's Royal Mint confirmed on Friday (Sept 30).

UK: King Charles III to appear on coins with queen's new images on the reverse side 

Data suggests more than 5,000 planes with zero passengers on board have arrived at or left UK airports since 2019. Since 2019, more than 35,000 commercial flights have operated with less than 10% of seats occupied and nearly no passengers, according to a study of data from the Civil Aviation Authority (CAA).

More than 5,000 ‘ghost flights’ flew to or from the UK since 2019: Report

After the UK unveiled its biggest tax package in 50 years, the IMF has issued a rare & stinging rebuke. It has asked UK to re-evaluate the tax cuts, calling them a threat to the 'cost of living' crisis. Priyanka Sharma explains.

Gravitas: IMF issues a rare & stinging rebuke to the UK

After the Bank of England's intervention in addressing the instability in the financial markets, the new Prime Minister, Truss, is under immense pressure from Conservative MPs to fire Kwasi Kwarteng immediately or face a mutiny.

Conservative MPs warn UK PM Liz Truss to fire British Chancellor Kwasi Kwarteng or face mutiny

Labour leader Keir Starmer accused the ruling Conservatives of presiding over endless crisis and insisted that his once-fractured party is ready to lead Britain out of economic crisis.

Keir Starmer insists Labour party fit to govern as crisis grips UK

The Bank of England has said it will step in to calm markets after the government's tax-cutting plans sparked a fall in the pound and caused borrowing costs to surge.

Bank of England steps in to calm markets with emergency bond

With the winters fast approaching and the ongoing energy crisis due to the Russia and Ukraine war, the UK govt is now looking at the other alternatives sources of energy for home heating.

WION Climate Tracker: Blow to UK's sustainable future; plans to change existing boilers in houses

In UK, people are still not allowed to use hosepipes to water their gardens and wash their cars and windows and if a person is found breaching these rules, they will be charged up to 1,000 pounds.

WION Climate Tracker: UK tries to save water amid drought; hosepipe ban extended in UK

UK's Pound is on a free fall, its value against the dollar has decreased and the foreign reserves are also depleting fast. Economic challenges faced by UK are immense and even Asian nations including India and Bangladesh are far better positioned than UK.

WION Business News | Foreign exchange reserves: Asian nations better positioned than the UK

The UK on Monday (September 26) imposed sanctions on top Russian officials who are involved in holding referendums, called 'sham' by UK, in occupied regions of Ukraine.

UK sanctions top Russian officials amid 'sham' Ukraine referendums 

TikTok could face a 27 million-pound ($29 million) fine in the Britain over a possible breach of data protection law by failing to protect children's privacy when they are using the video-sharing platform.

WION Business News | TikTok fails to protect children's policy, UK to fine video-sharing platform

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