By Jessica Parker Published 12 hours ago Share close Share page Copy link About sharing Prime Minister Liz Truss has agreed to meet other European leaders at a new political "club of nations" next week. The inaugural summit of the European Political Community (EPC), proposed by French president Emmanuel Macron, will meet in Prague next Thursday. Although the UK voted in 2016 to leave the EU, it is among more than a dozen non-EU nations invited to join EU members to discuss security and energy. Ms Truss has only just indicated she could attend the first meeting. She is said to want the group to focus on "delivery" rather than becoming a "talking shop". UK considers joining new European nations club Truss pledges billions to support Ukraine in 2023 UK defies EU legal action over NI border checks Fact-checking Liz Truss on the economy Mr Macron … [Read more...] about Liz Truss to attend first meeting of European nations club
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Bosnia and Herzegovina is preparing for a general election on Sunday, 2 October. Here we explain how the election works, who the main parties and candidates are, and what the likely outcome might be in a country said to have the most complicated system of government in the world. How did Bosnia end up with the world’s most complex administration? The Balkan country of about 3.2 million is facing a difficult set of choices in its ninth general election since the first multi-party vote in 1990. At the time, Bosnia was still a part of the Socialist Federative Republic of Yugoslavia — a communist country that soon crumbled and set off a series of wars and conflicts between 1991 and 1999. As one of the seven independent states that came out of the breakup, Bosnia experienced its own war between 1992 and 1995. Until recently, it was considered the bloodiest conflict in Europe since World War II. Bosnia remains extremely vulnerable to the increased nationalist … [Read more...] about Bosnia election explained: How does it work? Who is running? Who is likely to win?
Published 56 minutes ago Share close Share page Copy link About sharing Liz Truss will meet the head of the UK's independent economic forecaster later after days of market turmoil. In an unusual move, the prime minister and Chancellor Kwasi Kwarteng will meet the chairman of the Office for Budget Responsibility (OBR) to discuss the fallout after last week's mini-budget. The watchdog offered to prepare a draft forecast in time for the mini-budget but it was not taken up. A group of MPs has called for the forecast to be released "immediately". The Treasury Select Committee said the lack of this forecast before last Friday's announcements had "in some part driven the lack of confidence in the markets". News of the meeting with OBR chairman Richard Hughes came as a new poll gave Labour a 33 percentage point lead over the Tories. Five key exchanges from Liz Truss interviews … [Read more...] about Mini-budget: PM to meet head of OBR following market turmoil
Faisal Islam @faisalislam on Twitter Published 2 hours ago comments Comments Share close Share page Copy link About sharing The strategy from the government is that there will be no changes to the mini-budget. They believe that the fleshing out of the details of their economic plans on planning laws, energy, childcare, worker visas - will persuade markets that UK growth will accelerate. The combination of these reforms over the next few weeks and a medium-term plan to reduce the national debt, with "iron discipline" on existing spending plans, will, they argue, turn things around. Those spending plans were set in cash terms last year. They do not account for 10% inflation. And the chancellor himself would not commit to updating benefits in line with inflation, as was previous policy. Pension increases will continue to be protected. The "fiscal … [Read more...] about Faisal Islam: Liz Truss’ path to regain market credibility
The Office of Budget Responsibility usually toils in obscurity, the dryness of its name belying the importance of its role in making the national finances add up. Created by George Osborne in 2010 when he was chancellor, the OBR is, in the jargon, an independent fiscal watchdog. In practice, it marks the government's budgetary homework, checking the sums add up to provide reassurance to voters and, crucially, financial markets. House prices warning as growth slows to single digits - economy latest It does this in five ways. It provides forecasts to the Treasury to accompany budgets and spring statements, checks government performance against its fiscal targets (usually aimed at controlling debt) and checks the sustainability of the public finances and tax and welfare policy costings. Crucially, it is independent. More on Uk Economy UK economy: Surge in mortgage approvals as home-buyers race to lock in loans, amid market 'headwinds' warning £1bn … [Read more...] about Mini-budget: Do the sums add up after Chancellor Kwasi Kwarteng gives only half the story? | Paul Kelso
Here are five key developments on Friday from Russia's war in Ukraine. 1. Russian forces 'partially surrounded' in Lyman A senior Russian-backed official has acknowledged that Moscow's forces are "half encircled" in a strategic city in eastern Ukraine. "At the moment, Lyman is partially surrounded," said Denis Pushilin, the Russian-installed governor in the Donetsk region. "The Svatove road is under our control, but under fire periodically," he wrote on Telegram, admitting that the nearby villages of Yampil and Drobycheve "are not under total control". The Ukrainian army was "trying at all costs to spoil our historic events", Pushilin added, referring to the annexation ceremony in Moscow . A Ukrainian presidential adviser said on Friday that Russia would have to appeal to Kyiv to allow Moscow's encircled troops out. "Only if, of course, those in Kremlin are concerned with their soldiers," Mykhailo Podolyak added on Twitter . Lyman is located … [Read more...] about Ukraine war: Ukrainian forces ‘partially surround’ strategic city and other key stories