Liz Truss pledges to steer Britain through ‘stormy days’

British Prime Minister Liz Truss’s attempt to cut £45 billion of taxes and hike government borrowing has sent turmoil through markets and her party. (AP)
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Updated 05 October 2022
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Liz Truss pledges to steer Britain through ‘stormy days’

  • Truss: Conservatives must unite to kick-start stagnant growth and tackle the many problems facing Britain

BIRMINGHAM: British Prime Minister Liz Truss on Wednesday urged her fractious party to stick together and help transform the economy and the country, fighting to restore her dwindling authority after a chaotic first month in office.
Addressing Conservative lawmakers and members at an annual conference overshadowed by internal bickering and confusion over policy, Truss said the party needed to unite to kick-start stagnant growth and tackle the many problems facing Britain.
So far, however, her misfiring attempt to cut $51 billion (£45 billion) of taxes and hike government borrowing has sent turmoil through markets and her party, with opinion polls pointing to electoral collapse rather than a honeymoon period for the new leader.
“We gather at a vital time for the United Kingdom. These are stormy days,” she said, referring to the COVID-19 pandemic, war in Ukraine and the death of Britain’s longest reigning monarch, Queen Elizabeth.
“In these tough times, we need to step up. I’m determined to get Britain moving, to get us through the tempest and to put us on a stronger footing.”
As she started to speak, two protesters held up a sign asking “Who voted for this?” before they were escorted away by security personnel as the crowd chanted “out, out, out.”
Truss, elected by party members and not the broader electorate, was addressing the party faithful after she was forced to reverse plans to scrap the top rate of tax. She acknowledged that change brings “disruption.”
That U-turn has emboldened sections of her party who are now likely to resist spending cuts as the government seeks ways to fund the overall fiscal program.
That risks not only the dilution of her “radical” agenda but also raising the prospect of an early election.
Having entered the conference hall to a standing ovation and the sound of M People’s “Moving On UP,” Truss told party members and lawmakers that she wanted to build a “new Britain for the new era.”
“For too long, the political debate has been dominated by how we distribute a limited economic pie. Instead, we need to grow the pie so that everyone gets a bigger slice,” she said in the central English city of Birmingham.
“That is why I am determined to take a new approach and break us out of this high-tax, low-growth cycle.”
The conference, once expected to be her crowning glory after being appointed prime minister on Sept. 6, has turned into a personal nightmare, and a battle for the country’s political future.
As the debate moved on from tax cuts to how the government would fund them, lawmakers and ministers openly clashed, in stark contrast to the sense of discipline on display at the opposition Labour Party conference last week.
Some lawmakers fear Truss will break a commitment to increase benefit payments in line with inflation, something they argue would be inappropriate at a time when millions of families are struggling with the cost of soaring prices.
Ministers say they are yet to take a decision and are obliged to look at economic data later this month.
While markets have largely stabilized after the Bank of England stepped in to shore up the bond market — albeit after the cost of borrowing surged — opinion polls now point to an electoral collapse for the Conservatives.
John Curtice, Britain’s best-known pollster, said before the speech that Labour now held an average lead of 25 percentage points and the Conservatives needed to accept they were “in deep, deep electoral trouble.”


Trump warns Maduro against playing ‘tough’ as US escalates pressure campaign on Venezuela

Updated 23 December 2025
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Trump warns Maduro against playing ‘tough’ as US escalates pressure campaign on Venezuela

  • Venezuelan President Nicolas Maduro on Monday fired back at Donald Trump, who has ordered US naval forces to blockade the South American country's oil wealth, saying the US president would be "better off" focusing on domestic issues rather than threatenin
  • The Defense Department, under Trump’s orders, continues its campaign of attacks on smaller vessels in the Caribbean and eastern Pacific Ocean that it alleges are carrying drugs to the United States and beyond

WEST PALM BEACH, Florida: President Donald Trump on Monday delivered a new warning to Venezuelan President Nicolás Maduro as the US Coast Guard steps up efforts to interdict oil tankers in the Caribbean Sea as part of the Republican administration’s escalating pressure campaign on the government in Caracas.
Trump was surrounded by his top national security aides, Secretary of State Marco Rubio and Defense Secretary Pete Hegseth, as he suggested that he remains ready to further escalate his four-month pressure campaign on the Maduro government, which began with the stated purpose of stemming the flow of illegal drugs from the South American nation but has developed into something more amorphous.
“If he wants to do something, if he plays tough, it’ll be the last time he’ll ever be able to play tough,” Trump said of Maduro as he took a break from his Florida holiday vacation to announce plans for the Navy to build a new, large warship.
Trump levied his latest threat as the US Coast Guard on Monday continued for a second day to chase a sanctioned oil tanker that the Trump administration describes as part of a “dark fleet” Venezuela is using to evade US sanctions. The tanker, according to the White House, is flying under a false flag and is under a US judicial seizure order.
“It’s moving along and we’ll end up getting it,” Trump said.
It is the third tanker pursued by the Coast Guard, which on Saturday seized a Panama-flagged vessel called Centuries that US officials said was part of the Venezuelan shadow fleet.
The Coast Guard, with assistance from the Navy, seized a sanctioned tanker called Skipper on Dec. 10, also part of the shadow fleet of tankers that the US says operates on the fringes of the law to move sanctioned cargo. That ship was registered in Panama.
Trump, after that first seizure, said the US would carry out a “blockade” of Venezuela. Trump has repeatedly said that Maduro’s days in power are numbered.
Last week, Trump demanded that Venezuela return assets that it seized from US oil companies years ago, justifying anew his announcement of a blockade against sanctioned oil tankers traveling to or from the South American country.
Homeland Security Secretary Kristi Noem, whose agency oversees the Coast Guard, said in a Monday appearance on “Fox & Friends” that the targeting of tankers is intended to send “a message around the world that the illegal activity that Maduro is participating in cannot stand, he needs to be gone, and that we will stand up for our people.”
Russian diplomats evacuate families from Caracas
Meanwhile, Russia’s Foreign Ministry started evacuating the families of diplomats from Venezuela, according to a European intelligence official speaking on condition of anonymity to discuss sensitive information.
The official told The Associated Press the evacuations include women and children and began on Friday, adding that Russian Foreign Ministry officials are assessing the situation in Venezuela in “very grim tones.” The ministry said in an X posting that it was not evacuating the embassy but did not address queries about whether it was evacuating the families of diplomats.
Venezuela’s Foreign Minister Yván Gil on Monday said he spoke by phone with his Russian counterpart, Sergey Lavrov, who he said expressed Russia’s support for Venezuela against Trump’s declared blockade of sanctioned oil tankers.
“We reviewed the aggressions and flagrant violations of international law that have been committed in the Caribbean: attacks against vessels and extrajudicial executions, and the unlawful acts of piracy carried out by the United States government,” Gil said in a statement.
The scene on a Venezuelan beach near a refinery
While US forces targeted the vessels in international waters over the weekend, a tanker that’s considered part of the shadow fleet was spotted moving between Venezuelan refineries, including one about three hours west of the capital, Caracas.
The tanker remained at the refinery in El Palito through Sunday, when families went to the town’s beach to relax with children now on break from school.
Music played on loudspeakers as people swam and surfed with the tanker in the background. Families and groups of teenagers enjoyed themselves, but Manuel Salazar, who has parked cars at the beach for more than three decades, noticed differences from years past, when the country’s oil-dependent economy was in better shape and the energy industry produced at least double the current 1 million barrels per day.
“Up to nine or 10 tankers would wait out there in the bay. One would leave, another would come in,” Salazar, 68, said. “Now, look, one.”
The tanker in El Palito has been identified by Transparencia Venezuela, an independent watchdog promoting government accountability, to be part of the shadow fleet.
Area residents on Sunday recalled when tankers would sound their horns at midnight New Year’s Eve, while some would even send up fireworks to celebrate the holiday.
“Before, during vacations, they’d have barbecues; now all you see is bread with bologna,” Salazar said of Venezuelan families spending the holiday at the beach next to the refinery. “Things are expensive. Food prices keep going up and up every day.”
Venezuela’s ruling party-controlled National Assembly on Monday gave initial approval to a measure that would criminalize a broad range of activities that could be linked to the seizure of oil tankers.
Lawmaker Giuseppe Alessandrello, who introduced the bill, said people could be fined and imprisoned for up to 20 years for promoting, requesting, supporting, financing or participating in “acts of piracy, blockades or other international illegal acts against” commercial entities operating with the South American country.
The Defense Department, under Trump’s orders, continues its campaign of attacks on smaller vessels in the Caribbean and eastern Pacific Ocean that it alleges are carrying drugs to the United States and beyond.
At least 104 people have been killed in 28 known strikes since early September. The strikes have faced scrutiny from US lawmakers and human rights activists, who say the administration has offered scant evidence that its targets are indeed drug smugglers and that the fatal strikes amount to extrajudicial killings.