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.”


Asia rings in 2026 with Australia hosting defiant celebration after mass shooting

Updated 52 min 6 sec ago
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Asia rings in 2026 with Australia hosting defiant celebration after mass shooting

  • Australia holds defiant celebrations after its worst mass shooting in nearly 30 years
  • Hong Kong holds a subdued event after a deadly fire in tower blocks

MELBOURNE, Australia: Auckland was the first major city to ring in 2026 with a fireworks display launched from New Zealand’s tallest structure, Sky Tower, followed by a defiant celebration in Australia in the aftermath of its worst mass shooting.
South Pacific countries were the first to bid farewell to 2025. Clocks stuck midnight in Auckland 18 hours before the famous ball drop in New York’s Times Square. The five-minute display involved 3,500 fireworks.

Defiant celebration in Australia after worst mass shooting

Australia’s east coast welcomed 2026 two hours after New Zealand. In Sydney, the country’s largest city, celebrations were held under the pall of Australia’s worst mass shooting in almost 30 years. Two gunmen targeted a Hannukah celebration at Bondi Beach on Dec. 14, killing 15 and wounding 40.
A heavy police presence monitored the thousands who thronged to the waterfront to watch a fireworks show centered on the Sydney Harbor Bridge. Many officers openly carried rapid-fire rifles, a first for the annual event.
An hour before midnight, the massacre victims were commemorated with a minute of silence while images of a menorah were projected on the bridge pylons. The crowd was invited to show solidarity with Australia’s Jewish community.
New South Wales Premier Chris Minns urged Sydney residents not to stay away through fear, saying extremists would interpret smaller crowds at New Year’s Eve festivities as a victory.
“We have to show defiance in the face of this terrible crime and say that we’re not going to be cowered by this kind of terrorism,” he said.

Indonesia and Hong Kong hold subdued events

In Indonesia, one of Australia’s nearest neighbors, cities scaled back festivities as a gesture of solidarity with communities devastated by floods and landslides that struck parts of Sumatra island a month ago, claiming more than 1,100 lives.
The capital, Jakarta, was not ringing in 2026 with its usual fanfare, choosing subdued celebrations with a program centered on prayers for victims, city Gov. Pramono Anung said last week.
Makassar Mayor Munafri Arifuddin urged residents of one of Indonesia’s largest cities to forgo parties, calling for prayer and reflection. “Empathy and restraint are more meaningful than fireworks and crowds,” he said.
Concerts and fireworks on Indonesia’s tourist island of Bali were canceled and replaced with a cultural arts event featuring traditional dances.
Hong Kong, too, was ringing in 2026 without the usual spectacle in the sky over iconic Victoria Harbor, after a massive fire in November killed at least 161 people.
The facades of eight landmarks were turning into giant countdown clocks presenting a three-minute light show at midnight.
Many parts of Asia welcome the new year by observing age-old traditions.
In Japan, crowds were gathering at a Buddhist temple in Tokyo for a bell striking at midnight. In the South Korean capital, Seoul, a bell tolling and countdown ceremony were being held at the Bosingak Pavilion.

Berliners celebrate in snowfall

Tourists and Berliners alike marked the end of 2025 by enjoying snowfall, taking selfies and making snowmen in front of the German capital’s cathedral and the iconic Brandenburg Gate. The Berlin TV Tower was nearly invisible thanks to the falling flakes and fog.
Quieter celebrations in Greece and Cyprus
Greece and Cyprus were ringing in 2026 by turning down the volume, replacing traditional fireworks with low-noise pyrotechnics, light shows and drone displays in capital cities. Low-noise fireworks avoid the explosive bursts that generate the loud cracks of traditional displays.
Officials in the countries said the change is intended to make celebrations more welcoming for children and pets, particularly animals sensitive to loud noise.

Additional security in New York City

Police in New York City will have additional anti-terrorism measures at the Times Square ball drop, with “mobile screening teams” in search of suspicious activity. It is not in response to a specific threat, according to NYPD Commissioner Jessica Tisch.
After the ball drops in Times Square, it will rise once again, sparking in red, white and blue, to mark the country’s upcoming 250th birthday celebration. It will be one of several patriotic flourishes throughout the night, organizers said.
Zohran Mamdani will take office as mayor at the start of 2026. Two swearing-in ceremonies are planned, starting with a private ceremonial event around midnight in an old subway station.