<a href="http://dailywire.com/topic/united-kingdom" target="_blank" rel="noopener">British</a> lawmaker Rishi Sunak will succeed <a href="https://www.dailywire.com/topic/liz-truss" target="_blank" rel="noopener">Liz Truss</a> as the nation’s prime minister after his last rival dropped out of the Conservative Party contest early Monday morning.
Sunak, who formerly served as finance minister under <a href="http://dailywire.com/topic/boris-johnson">Boris Johnson</a>, will be the country&#8217;s first nonwhite prime minister, as his parents are of Punjabi Indian descent. His succession as leader of the Conservative Party comes after years of political chaos within the faction, including the <a href="https://www.dailywire.com/news/british-conservatives-cave-on-pro-growth-economic-agenda-prime-minister-might-be-ousted" target="_blank" rel="noopener">failure</a> of an economic growth and tax cut plan from Truss that led to her resignation after <a href="https://www.dailywire.com/news/the-lettuce-won-truss-steps-down-as-british-pm-ending-stormy-45-day-run" target="_blank" rel="noopener">a mere six weeks</a> in power.
“The United Kingdom is a great country but we face a profound economic crisis,” Sunak said in a <a href="https://twitter.com/RishiSunak/status/1584114970723512321" target="_blank" rel="noopener">statement</a> yesterday. “I have the track record of delivery, a clear plan to fix the biggest problems we face and I will deliver on the promise of the 2019 manifesto. There will be integrity, professionalism and accountability at every level of the government I lead and I will work day in and day out to get the job done.”
Members of the Conservative Party had <a href="https://www.axios.com/2022/10/24/rishi-sunak-uk-prime-minister">resolved</a> to choose the nation’s next leader by the end of the week in order to maximize political stability. Johnson abandoned his surprise bid to return to power after he failed to gain the support of at least 100 of the 357 Conservative ministers, a requirement for advancing to the next round of the contest. News of Sunak’s attainment of the premiership occurred after Penny Mordaunt, a fellow Conservative lawmaker, <a href="https://twitter.com/PennyMordaunt/status/1584529702466686977">announced</a> that her colleagues had made a decision to back Sunak “in good faith for the good of the country,” effectively leading her to drop out of the contest.
“These are unprecedented times. Despite the compressed timetable for the leadership contest it is clear that colleagues feel we need certainty today,” Mordaunt said. “This decision is an historic one and shows, once again, the diversity and talent of our party. Rishi has my full support.”
Sunak, who is 42 years old, will be the youngest British prime minister in more than two centuries. He had predicted the negative market effects of Truss’ economic plan earlier this year during the campaign to replace Johnson. Indeed, after investors <a href="https://www.dailywire.com/news/conservative-british-prime-minister-sticks-by-pro-growth-tax-cut-plan-after-establishment-criticism">concerned</a> about the government’s ability to meet debt obligations jettisoned their assets, Truss announced last week that she would eliminate portions of her plan and dismiss finance minister Kwasi Kwarteng. The political chaos occurs immediately after the passing of Queen Elizabeth II, who approved Truss as the head of government days before her death.
More than 100 Conservatives had conspired to oust Truss, according to a <a href="https://www.dailymail.co.uk/news/article-11321737/Plot-topple-Liz-Truss-MPs-call-Prime-Minister-quit-amid-rumours-WEEK.html">report</a> from The Daily Mail. “She has lost the confidence of the markets and she is hemorrhaging support. We need to cauterize the wound, and fast,” one unnamed minister told the outlet. “There is an overwhelming desire among colleagues for it to be over — people want it done this week.”
Despite nixing her tax cuts, Truss pushed for <a href="https://www.dailywire.com/news/strengthening-our-energy-resilience-britain-ends-fracking-ban-will-become-net-exporter-by-2040">higher fossil fuel production</a> and set the goal of becoming a net exporter of energy by 2040 in a portion of her agenda that appears to remain intact. She also announced a new round of oil and gas leases for the North Sea and lifted her nation’s moratorium on shale gas production, including the technique of fracking, by which pressurized liquid is injected into underground rocks to extract fuels.

Conservative leadership bid

Next British Prime Minister Decided After Rivals Bow Out

Rishi Sunak To Become First Nonwhite British Prime Minister

Boris Johnson

Global Politics

Liz Truss

United Kingdom

World

<a href="https://www.dailywire.com/news/british-prime-minister-liz-truss-unveils-package-to-cut-soaring-fuel-prices-offers-reforms-so-we-are-never-in-this-position-again/" target="_blank" rel="noopener">Liz Truss</a>, resigned Thursday as British prime minister, ending a stormy, 45-day tenure a fulfilling the predictions of critics who doubted the conservative politician’s leadership from the start.
Truss, who succeeded Boris Johnson on Sept. 6 after defeating Rishi Sunak in the Conservative Party leadership contest, acknowledged that she was not up to the challenges she faced. The U.K. is suffering runaway inflation and staring down a winter with soaring fuel prices.
&#8220;I came into office at a time of great economic and international instability,” Truss said in a statement read outside No. 10 Downing Street, where she informed King Charles of her decision. &#8220;Families and businesses were worried about how to pay their bills.&#8221;
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Omg <a href="https://t.co/kBpwAh7ybn">pic.twitter.com/kBpwAh7ybn</a>
&mdash; Jack Posobiec 🇺🇸 (@JackPosobiec) <a href="https://twitter.com/JackPosobiec/status/1583080459755720705?ref_src=twsrc%5Etfw">October 20, 2022</a></blockquote>
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While she claimed to have made inroads on the energy crisis, she acknowledged she &#8220;cannot deliver the mandate&#8221; for which she was elected.
&#8220;I recognize, though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party,&#8221; she said. &#8220;I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party.&#8221;
Truss’s brief time in office was dominated by economic chaos and an aborted tax cut proposal. Some Tory MPs had publicly called for her to step down, while others voiced their agreement privately. The Fleet Street tabloid The Daily Star kept tabs on a head of lettuce, asking readers which would “wilt” first, it or Truss.
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Liz Truss to resign as prime minister, Sky News understands <a href="https://t.co/qSULBHB0Xw">https://t.co/qSULBHB0Xw</a>
&mdash; Sky News (@SkyNews) <a href="https://twitter.com/SkyNews/status/1583073379568865280?ref_src=twsrc%5Etfw">October 20, 2022</a></blockquote>
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A new election is expected next week to choose a leader of the ruling Conservative Party. There were early reports that Johnson could return to the role he held from July 2019 until last month. <a href="https://www.telegraph.co.uk/politics/2022/10/20/liz-truss-news-resign-pm-conservative-party-general-election/">The Telegraph</a>, citing an unnamed Tory member of parliament said lawmakers were talking openly of a “spectacular return” for Johnson.
Truss will remain in office until her successor has been chosen. In addition to the possibility of a comeback by Johnson, Chancellor Jeremy Hunt, who replaced Kwasi Kwarteng, the author of the scrapped tax cuts, has been mentioned as a possible successor.
It was Kwarteng’s tax cuts, part of a “mini-budget” he announced last month, that led to Truss’s downfall. Kwarteng was fired Friday and replaced by Hunt, who reversed most of the budget proposal, drastically undermining Truss’s authority.
The resignation came just a day after Truss told MPs she was a &#8220;fighter, not a quitter.&#8221;
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President Joe Biden said Truss’s resignation will not affect the alliance between the two countries.
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<div>
“I thank Prime Minister Liz Truss for her partnership on a range of issues including holding Russia accountable for its war against Ukraine,” Biden said in a statement. “We will continue our close cooperation with the UK government as we work together to meet the global challenges our nations face.”
</div>

UK Prime Minister Liz Truss Hosts First Cabinet Meeting

The Lettuce Won: Truss Steps Down As British PM, Ending Stormy, 45-Day Run

Truss Steps Down As British PM, Ending Stormy, 44-Day Run

<a href="http://dailywire.com/topic/united-kingdom" target="_blank" rel="noopener">British</a> Prime Minister <a href="http://dailywire.com/topic/liz-truss" target="_blank" rel="noopener">Liz Truss</a> may be ousted six weeks into her tenure after she and fellow ministers caved on most portions of an aggressive <a href="http://dailywire.com/topic/economy" target="_blank" rel="noopener">economic</a> reform package.
Truss, who replaced outgoing head of government and fellow Conservative Party member Boris Johnson last month, unveiled a tax cut and energy production plan in the first days of her premiership. After investors concerned about the government’s ability to meet debt obligations jettisoned their assets, Truss announced that she would eliminate portions of her plan and dismissed finance minister Kwasi Kwarteng.
&#8220;We need to act now to reassure the markets of our fiscal discipline,” she said in a <a href="https://www.reuters.com/world/uk/uk-pm-liz-trusss-news-conference-after-finance-minister-sacked-2022-10-14/" target="_blank" rel="noopener">statement</a>. “I have therefore decided to keep the increase in corporation tax that was planned by the previous government.”
Beyond canceling the higher corporate tax rate, Truss had planned to slash the basic income tax rate to 19% and launch discussions about special economic zones across the country.
Truss had formerly <a href="https://www.cnbc.com/2022/09/29/uk-pm-liz-truss-defends-tax-cuts-vows-to-press-on.html" target="_blank" rel="noopener">doubled down</a> on her growth agenda during a number of local radio interviews that followed the market headwinds. “I understand that families are struggling with their fuel bills, and we had to take urgent action to get our economy growing, get Britain moving, and also deal with inflation,” she explained. “And of course, that means taking controversial and difficult decisions. But I’m prepared to do that as prime minister, because what’s important to me is that we get our economy moving.”
Amid the political turmoil, which comes immediately after the death of Queen Elizabeth II, more than 100 ministers in her own party are preparing to oust Truss, according to a <a href="https://www.dailymail.co.uk/news/article-11321737/Plot-topple-Liz-Truss-MPs-call-Prime-Minister-quit-amid-rumours-WEEK.html" target="_blank" rel="noopener">report</a> from The Daily Mail. “She has lost the confidence of the markets and she is hemorrhaging support. We need to cauterize the wound, and fast,” one unnamed minister told the outlet. “There is an overwhelming desire among colleagues for it to be over — people want it done this week.”
In a portion of her agenda that appears to remain intact, Truss also pushed for <a href="https://www.dailywire.com/news/strengthening-our-energy-resilience-britain-ends-fracking-ban-will-become-net-exporter-by-2040" target="_blank" rel="noopener">higher fossil fuel production</a> and set the goal of becoming a net exporter of energy by 2040. She also announced a new round of oil and gas leases for the North Sea and lifted her nation’s moratorium on shale gas production, including the technique of fracking, by which pressurized liquid is injected into underground rocks to extract fuels.
“We are cutting off the toxic power and pipelines from authoritarian regimes and strengthening our energy resilience,” Truss said during a <a href="https://www.gov.uk/government/speeches/prime-minister-liz-trusss-speech-to-the-un-general-assembly-21-september-2022" target="_blank" rel="noopener">speech</a> to the United Nations General Assembly. “We will ensure we cannot be coerced or harmed by the reckless actions of rogue actors abroad. We will transition to a future based on renewable and nuclear energy while ensuring that the gas used during that transition is from reliable sources including our own North Sea production.”
The policy comes as much of the continent struggles with soaring energy prices amid the Russian invasion of Ukraine. Member states of the European Union are currently weighing <a href="https://www.dailywire.com/news/european-union-questions-russian-oil-price-cap-considers-making-fossil-fuel-companies-pay-a-solidarity-contribution" target="_blank" rel="noopener">various measures</a> to help member states cope with a freeze in Russian energy exports and the destruction of the Nord Stream pipeline system.
At the beginning of this year, Britain had a top personal income tax rate of 45%, which is lower than most European countries, yet higher than the 37% rate in the United States, according to a <a href="https://taxfoundation.org/top-personal-income-tax-rates-europe-2022/#:~:text=Denmark%20(55.9%20percent)%2C%20France,lowest%20personal%20income%20top%20rates." target="_blank" rel="noopener">report</a> from the Tax Foundation. Truss had argued in an <a href="https://www.dailywire.com/news/new-british-prime-minister-to-make-the-economic-pie-much-bigger-instead-of-fighting-over-how-to-slice-it" target="_blank" rel="noopener">opinion piece</a> that politicians should begin focusing “on growing the pie” rather than fighting over “how to slice up” the pie.

Liz Truss Holds Press Conference After Sacking Her Chancellor

British Conservatives Cave On Pro-Growth Economic Agenda, Prime Minister Might Be Ousted

British Prime Minister Liz Truss May Get Ousted: Report

Economy

The <a href="http://dailywire.com/topic/united-kingdom" target="_blank" rel="noopener">British</a> power authority warned on Thursday of possible blackouts through the winter due to mounting geopolitical pressures in <a href="http://dailywire.com/topic/europe" target="_blank" rel="noopener">Europe</a>.
As ministers in some European countries contend with energy prices that have increased <a href="https://www.dailywire.com/news/european-climate-bureaucrats-are-dooming-the-continent-to-a-very-dark-winter">more than tenfold</a>, the British National Grid’s Electricity System Operator revealed in a <a href="https://www.nationalgrideso.com/news/eso-takes-cautious-action-ahead-winter-ensure-security-electricity-supply#_ftn1">winter outlook</a> that officials are likewise grappling with potential natural gas shortages. Though the agency is “cautiously confident” that power will last through the winter, officials acknowledged that “shortfalls of gas in continental Europe could have a range of knock-on impacts in Britain.”
If current efforts to secure three contracts with coal generators to produce more energy are unsuccessful, the Electricity System Operator expects that high demand on cold days and low power generation during periods with low levels of wind may introduce “the potential to need to interrupt supply to some customers for limited periods of time in a managed and controlled manner.” Officials are therefore encouraging commercial entities to shift their production outside of peak demand hours, among other mitigation efforts.
While roughly 42% of energy in the United Kingdom comes from natural gas, 21% comes from nuclear and nearly 25% comes from renewable sources such as solar and wind, according to <a href="https://www.energy-uk.org.uk/our-work/generation/electricity-generation.html">data</a> from trade organization Energy UK. “Notwithstanding the mitigation measures noted above, it is highly likely that the wholesale price of energy” for both gas and electricity “will remain very high throughout the winter outlook period,” the Electricity System Operator added.
Several countries in Europe, including France and Spain, have <a href="https://www.dailywire.com/news/french-president-calls-for-10-cut-in-energy-use-will-ration-power-as-a-last-resort">requested</a> that their citizens slash energy consumption through means such as reducing reliance upon air conditioning and heating systems. British Minister of State for Climate Graham Stuart, however, told the <a href="https://www.reuters.com/world/uk/uk-government-not-asking-people-use-less-energy-minister-says-2022-10-07/">media</a> that his government is “not in the business of telling people how to live their lives,” remarking that a severe shortage of natural gas “would come at a very sharp point, so the fact that somebody had reduced their energy usage a week before or even a day before you get to a peak wouldn&#8217;t really make any difference to the security of supply.”
In another <a href="https://www.dailywire.com/news/european-households-must-cut-power-usage-this-winter-energy-agency-says">report</a>, the International Energy Agency recommended that European nations cut their power consumption in order to maintain sufficient supplies through the winter. A failure to reduce demand would bring power inventory to 18% of working capacity by March 2023, while a 9% or 13% reduction in power usage would lead to inventories of 38% and 45%, respectively.
British Prime Minister Liz Truss, who replaced outgoing head of government Boris Johnson last month, has prioritized energy production in the first days of her tenure through measures such as <a href="https://www.dailywire.com/news/british-prime-minister-liz-truss-unveils-package-to-cut-soaring-fuel-prices-offers-reforms-so-we-are-never-in-this-position-again">reopening oil and gas leases</a> in the North Sea. The move came before the Nord Stream pipeline system, which ran natural gas from Russia to Germany, saw <a href="https://www.dailywire.com/news/nord-stream-pipelines-see-unprecedented-damage-after-cia-warned-german-government-of-sabotage">unprecedented damage</a>, further threatening the energy supply of continental Europe.
“We are cutting off the toxic power and pipelines from authoritarian regimes and strengthening our energy resilience,” Truss said during a <a href="https://www.gov.uk/government/speeches/prime-minister-liz-trusss-speech-to-the-un-general-assembly-21-september-2022">speech</a> to the United Nations General Assembly. “We will ensure we cannot be coerced or harmed by the reckless actions of rogue actors abroad. We will transition to a future based on renewable and nuclear energy while ensuring that the gas used during that transition is from reliable sources including our own North Sea production.”

BDDCDDD1-75E4-4A80-969E-E87FDA6549EC_1_201_a

Britain Could See Blackouts Through The Winter, Power Grid Warns

British Power Grid Warns Of Possible Blackouts Through The Winter

Energy

Europe

<a href="http://dailywire.com/topic/britain" target="_blank" rel="noopener">British</a> Prime Minister <a href="http://dailywire.com/topic/liz-truss">Liz Truss</a> defended her government’s move to cut <a href="http://dailywire.com/topic/taxes" target="_blank" rel="noopener">taxes</a> and regulations following criticism from international financial institutions.
The new Conservative Party government led by Truss recently <a href="https://www.dailywire.com/news/new-british-prime-minister-to-make-the-economic-pie-much-bigger-instead-of-fighting-over-how-to-slice-it">cancelled</a> a rise in the corporate tax rate, cut the basic income tax rate to 19%, and launched discussions about special economic zones in multiple regions of the United Kingdom. In response, the International Monetary Fund (IMF) issued a <a href="https://www.dailywire.com/news/imf-rebukes-britain-for-cutting-taxes-conservative-lawmakers-fire-back">rare rebuke</a> of the economic growth plan, arguing that “large and untargeted fiscal packages” are harmful as the Bank of England works to control <a href="http://dailywire.com/topic/inflation">inflation</a>.
Truss nevertheless <a href="https://www.cnbc.com/2022/09/29/uk-pm-liz-truss-defends-tax-cuts-vows-to-press-on.html">doubled down</a> on her plan in a series of interviews with local BBC radio stations. “I understand that families are struggling with their fuel bills, and we had to take urgent action to get our economy growing, get Britain moving, and also deal with inflation,” she said. “And of course, that means taking controversial and difficult decisions. But I’m prepared to do that as prime minister, because what’s important to me is that we get our economy moving.”
The government also introduced a proposal limiting the annual cost of power for a typical household to £2,500 over the next two years in response to soaring energy prices — a policy that follows the Energy Bills Support Scheme, which will remove £400 from citizens’ power bills each month over the upcoming winter. Truss has also pushed <a href="https://www.dailywire.com/news/strengthening-our-energy-resilience-britain-ends-fracking-ban-will-become-net-exporter-by-2040">higher oil production</a>, eliminated Britain’s prohibition on fracking, and established the goal of rendering the country a net exporter of energy by 2040.
The British pound fell on foreign exchange markets earlier this week as investors worried about the government’s fiscal stability jettisoned assets. After the Bank of England intervened by purchasing government bonds, however, the exchange rate saw a partial rebound.
“A lot of the measures that we’ve announced won’t happen overnight. We won’t see the growth come through overnight,” Truss continued. “But what’s important is that we’re putting this country on a better trajectory for the long term.”
The Bank of England hiked target interest rates from 1.75% to 2.25% this week — a move intended to cut inflation by dampening economic activity. Tax cuts stimulate markets by increasing disposable income for consumers and businesses.
Truss added that the announcement of her growth agenda “has made sure that people and businesses will be paying lower taxes,” as well as “opened up new road projects, new infrastructure projects, which will mean that we can get on with doing the things that will help people whether it’s getting to work, setting up their own business and growing the economy.”
Other members of the Conservative Party likewise rebutted the IMF sentiment, arguing that the organization’s philosophy has produced stagnation in recent years. “The IMF has consistently advocated highly conventional economic policies. It is following this approach that has produced years of slow growth and weak productivity,” David Frost, an ally of Truss and a former leader in Brexit negotiations, explained. “The only way forward for Britain is lower taxes, spending restraint, and significant economic reform.”
Member states of the European Union, which Britain left two years ago, subscribe to the <a href="https://ec.europa.eu/clima/eu-action/climate-strategies-targets/2050-long-term-strategy_en">official goal</a> of becoming “a climate-neutral society” by 2050. In contrast to Truss’ promotion of higher nonrenewable energy production, European Commission President Ursula von der Leyen recently <a href="https://www.dailywire.com/news/european-union-social-market-economy-might-redistribute-fossil-fuel-profits">called</a> for the elimination of fossil fuel dependence, even as energy prices in some nations increase <a href="https://www.dailywire.com/news/european-climate-bureaucrats-are-dooming-the-continent-to-a-very-dark-winter">more than twentyfold</a>.

UK Prime Minister And The Chancellor Make a Visit To Coincide With The Government’s Growth Plan

Conservative British Prime Minister Sticks By Pro-Growth Tax Cut Plan After Establishment Criticism

British Prime Minister Sticks By Tax Cut Plan After Criticism From IMF

Inflation

Taxes

<a href="http://www.dailywire.com/topic/queen-elizabeth/" target="_blank" rel="noopener">Queen Elizabeth II</a> passed away at 3:10 p.m. on September 8, 2022 — and according to reports, &#8220;old age&#8221; was listed as the official cause of death.
The National Records of Scotland released the Queen&#8217;s death certificate on Thursday, confirming that the 96-year-old monarch had died of &#8220;<a href="https://pagesix.com/2022/09/29/queen-elizabeth-iis-cause-of-death-revealed/" target="_blank" rel="noopener">old age</a>&#8221; and that her daughter, Princess Anne, was named on the papers as the &#8220;informant&#8221; of her death.
The longest-reigning monarch in British history, <a href="https://dailywire.com/news/breaking-queen-elizabeth-ii-dead-at-96/" target="_blank" rel="noopener">Queen Elizabeth II</a> had spent 70 years of her life on the throne. She passed away at her summer residence, Balmoral Castle, in Scotland just days after Her Majesty had greeted Great Britain&#8217;s new Prime Minister, <a href="http://www.dailywire.com/topic/liz-truss/" target="_blank" rel="noopener">Liz Truss</a>.
The public word went out that she had been placed under strict medical supervision due to fears about her rapidly deteriorating health. Family members rushed to be by her side in her final moments. They publicly announced the news of her passing just three hours after she died.
&#8220;The Queen died peacefully at Balmoral this afternoon,&#8221; the palace announced in a tweet. &#8220;The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow.&#8221;
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The Queen died peacefully at Balmoral this afternoon.
The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow. <a href="https://t.co/VfxpXro22W">pic.twitter.com/VfxpXro22W</a>
&mdash; The Royal Family (@RoyalFamily) <a href="https://twitter.com/RoyalFamily/status/1567928275913121792?ref_src=twsrc%5Etfw">September 8, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;We mourn profoundly the passing of a cherished Sovereign and a much-loved Mother. I know her loss will be deeply felt throughout the country, the Realms and the Commonwealth, and by countless people around the world,&#8221; King Charles said in a statement, adding that his mother&#8217;s death was &#8220;a moment of the greatest sadness.&#8221;
The Queen&#8217;s partner of 73 years, Prince Philip, had passed away just over a year earlier in April of 2021. After the coffin <a href="https://pagesix.com/2022/09/10/queen-elizabeth-iis-funeral-details-date-location-and-more/" target="_blank" rel="noopener">rested</a> in several high-profile locations throughout the United Kingdom — namely the Palace of Holyroodhouse in Scotland and lying in-state at Westminster Hall in London — Queen Elizabeth II was laid to rest in a prepared tomb beside her late husband at St. George’s Chapel in Windsor Castle. Thousands came from all over the world to pay their respects to the late monarch, some waiting in line for hours and hours for the privilege.
King Charles III has stepped into his new role in the days since, traveling around Great Britain and greeting his subjects as they join him in mourning the only monarch most of them have ever known.

Queen Elizabeth II Visits Berlin

Officials Reveal Queen Elizabeth II’s Cause Of Death

Officials Reveal Queen Elizabeth II's Cause Of Death

Great Britain

Queen Elizabeth

Scotland

The Left is having a reckoning abroad.
In <a href="https://www.dailywire.com/news/conservative-giorgia-meloni-claims-victory-as-italys-first-female-prime-minister" target="_blank" rel="noopener">Europe</a> and <a href="https://www.dailywire.com/news/brazilian-prez-bolsonaro-drags-dicaprio-again-i-know-progressives-you-want-to-change-the-entire-world-but-never-yourselves" target="_blank" rel="noopener">South America</a>, a wave of elected officials, all with at least some conservative policies, have soared to victory and taken the reigns in the upper tiers of government.
The pendulum swing comes to the chagrin of their leftist opponents, who would prefer to keep any politician with a single conservative policy out of power.
These five newly-minted leaders are taking on the leftist political players in their countries.
<h3>Italy: Giorgia Meloni</h3>
On Monday, Giorgia Meloni claimed victory as Italy&#8217;s first female prime minister, to the chagrin of Italy&#8217;s left.
She led her party, Brothers of Italy to victory with a platform that was staunchly pro-NATO, pro-Italy, and cautiously <a href="https://www.bloomberg.com/news/articles/2022-09-22/italy-front-runner-meloni-says-eu-is-wrong-to-antagonize-hungary" target="_blank" rel="noopener">critical</a> of the European Union.
Meloni, 45, is a Catholic mother who has also passionately emphasized family values, condemning abortion, gay marriage, child gender transitions, and euthanasia.
&#8220;Why is the family an enemy? Why is the family so frightening?&#8221; Meloni <a href="https://www.youtube.com/watch?v=y_Z1LClnhsk" target="_blank" rel="noopener">asked</a> in 2019 while speaking to the World Congress of Families conference.
&#8220;I can&#8217;t define myself as Italian, Christian, woman, mother, no,&#8221; she said. &#8220;I must be citizen x, gender x, parent one, parent two. I must be a number. Because when I am only a number, when I no longer have an identity or roots, then I will be the perfect slave at the mercy of financial speculators, the perfect consumer.&#8221;
When her victory appeared imminent, Meloni was <a href="https://www.nbcnews.com/news/world/italy-giorgia-meloni-far-right-nationalist-prime-minister-mussolini-rcna48506" target="_blank" rel="noopener">attacked</a> <a href="https://www.theguardian.com/world/commentisfree/2022/sep/24/giorgia-meloni-is-a-danger-to-italy-and-the-rest-of-europe-far-right" target="_blank" rel="noopener">as a</a> &#8220;far-right nationalist,&#8221; and &#8220;a danger to Italy and the rest of Europe.&#8221;
Meloni is a member of the Chamber of Deputies in Italy and has also chaired the European Conservative and Reformist group in the European Parliament. Her victory comes as Italy continues to recover from the pandemic and struggles with spiking food and gas prices.
<h3>Britain: Liz Truss</h3>
British Prime Minister Liz Truss, while not as right-wing as Meloni, has embraced several fiscally conservative policies that have irritated her left-wing opponents.
The Conservative Party leader, 47, has pushed for a robust economic agenda that includes aggressive tax cuts and slashing regulation.
Truss became the United Kingdom&#8217;s prime minister on Sep. 6. Before she had been on the job for even two days, Queen Elizabeth II died, plunging the country into official mourning and marking a tumultuous start for Truss.
After the mourning period ended, Truss on Friday debuted her plan to cut $48 billion in taxes. Also on Friday, the Conservative Party government scratched a corporate tax hike and lowered the basic income tax rate to 19%.
“For too long, politicians have fought over how to slice up the economic pie,” Truss wrote Saturday in an <a href="https://www.dailymail.co.uk/debate/article-11246335/LIZ-TRUSS-long-politicians-fought-slice-economic-pie.html" target="_blank" rel="noopener">op-ed</a> for The Daily Mail. “We will focus instead on growing the pie to the benefit of families and businesses.”
She has already been <a href="https://www.cnn.com/2022/09/28/europe/uk-truss-crisis-labour-starmer-gbr-intl-cmd/index.html" target="_blank" rel="noopener">accused</a> of pushing &#8220;radical policies&#8221; and of <a href="https://www.newstatesman.com/comment/2022/09/liz-truss-moral-right-prime-minister" target="_blank" rel="noopener">having</a> &#8220;no moral right to be prime minister.&#8221;
Truss is a former Liberal Democrat and <a href="https://www.vox.com/world/2022/9/5/23332419/liz-truss-uk-prime-minister-conservative-leadership-brexit" target="_blank" rel="noopener">supported</a> Brexit before leaving the party and changing her view.
<h3>Brazil: Jair Bolsonaro</h3>
Brazilian President Jair Bolsonaro is much further to the right than Meloni or Truss, but he is still significant right-wing presence internationally.
The conservative populist and political outsider, or &#8220;Tropical Trump&#8221; as he is sometimes <a href="https://www.aljazeera.com/economy/2020/11/27/tropical-trump-where-will-brazils-bolsonaro-stand-with-biden" target="_blank" rel="noopener">nicknamed</a>, was elected in 2018 and ran on a platform of bringing order back to a corrupt Brazil. His views have been frequently <a href="https://www.nbcnews.com/think/opinion/brazil-presidential-election-who-jair-bolsonaro-popular-candidate-more-dangerous-ncna925011" target="_blank" rel="noopener">called out</a> for being significantly harder-right than those of the American right, including <a href="https://www.france24.com/en/20180930-brazil-presidential-candidate-bolsonaros-most-controversial-quotes" target="_blank" rel="noopener">a string</a> of discriminatory comments. At the same time though, he has rejected left-wing social values.
Bolsonaro, 67, is up for reelection in October and is currently trailing in the polls to his left-wing opponent, although the gap appears to be shrinking.
In his July reelection campaign launch, Bolsonaro emphasized law and order and family values.
“Today we have a president who believes in God; represents the military and police; believes in the family,” Bolsonaro told the crowd, some of whom shouted &#8220;mito&#8221; or legend.
Like several other right-wing leaders, Bolsonaro has been <a href="https://www.france24.com/en/live-news/20220816-bolsonaro-brazil-s-polarizing-far-right-president" target="_blank" rel="noopener">called</a> &#8220;far-right&#8221; by critics.
Despite his conservative brand, Bolsonaro has also <a href="https://www.npr.org/2020/08/31/906215778/coronavirus-hit-brazil-considers-major-public-funds-for-poor-and-unemployed" target="_blank" rel="noopener">pushed</a> for generous government assistance to Brazil&#8217;s poor, a move that <a href="http://media.folha.uol.com.br/datafolha/2020/08/14/da7301f937d9224fe7ddf4cc81bcdf87ab.pdf" target="_blank" rel="noopener">boosted</a> his approval in the dog days of the pandemic.
<h3>Hungary: Viktor Orban</h3>
Hungarian Prime Minister Viktor Orban has the longest presence on the world stage out of these five political leaders.
Like Bolsonaro, Orban has been criticized for having extremely hard-right tendencies and holding discriminatory views. Critics have <a href="https://www.euractiv.com/section/ukraine/news/orban-is-the-poor-mans-putin/" target="_blank" rel="noopener">dubbed</a> him &#8220;the poor man&#8217;s Vladimir Putin&#8221; and have slammed him for curtailing the press and damaging judicial independence.
However, while other European countries have found themselves in crisis after accepting waves of immigrants, Orban has stringently restricted immigration into Hungary. He has also encouraged families to grow by offering generous government support.
Orban won his last election with a slight majority of 52.5%, more than he won by in both 2018 and 2014.
In August, he delivered a speech at CPAC during which he came out swinging against &#8220;globalists.&#8221;
“The globalists can all go to hell,” Orbán said to applause.
“Politics are not enough,” Orbán said. “This war is a culture war. We have to revitalize our churches, our families, our universities and our community institutions.”
<h3>Canada: Pierre Poilievre</h3>
Pierre Poilievre may not be Prime Minister, but he was elected leader of Canada’s Conservative Party earlier this month.
The fiery new party leader was elected in a landslide 68-16% vote over his more moderate opponent.
“Tonight begins the journey to replace an old government that costs you more and delivers you less with a new government that puts you first, your paycheck, your retirement, your home, your country,” Poilievre <a href="https://www.youtube.com/watch?v=dGn-E826dAU" target="_blank" rel="noopener">vowed</a> to applause and chants of “Freedom!” during his victory speech.
Poilievre, an energetic firebrand populist, has aggressively taken aim at Prime Minister Justin Trudeau’s progressive agenda. Now, the newly-minted Conservative leader is positioned to be a thorn in Trudeau’s side at the very least and a formidable force that hobbles the Liberal Party prime minister’s agenda at most.
Earlier this year, Poilievre voiced <a href="https://twitter.com/pierrepoilievre/status/1488264488457367552" target="_blank" rel="noopener">support</a> for the anti-vaccine mandate trucker convoy that blocked the U.S.-Canada border. His election comes as Canadians look back on over two years of draconian COVID restrictions that have harmed Canada’s post-pandemic economic recovery.

PM Liz Truss Takes Her Place At Number 10

These Five Foreign Political Leaders Are Taking On The Left

These Five Political Leaders Are Taking On The Left Abroad

Brazil

Canada

Hungary

Italy

Jair Bolsonaro

Readers Pass

<a href="http://dailywire.com/topic/climate-change">Environmental</a> groups are “angry” over efforts from <a href="http://dailywire.com/topic/united-kingdom">British</a> Prime Minister <a href="http://dailywire.com/topic/liz-truss">Liz Truss</a> to increase <a href="http://dailywire.com/topic/oil-and-gas">oil and gas</a> production.
As <a href="http://dailywire.com/topic/europe">Europe</a> battles soaring energy prices amid the <a href="https://www.dailywire.com/topic/ukraine-russia-war">Russian invasion of Ukraine</a>, Truss began pushing for <a href="https://www.dailywire.com/news/strengthening-our-energy-resilience-britain-ends-fracking-ban-will-become-net-exporter-by-2040">higher fossil fuel production</a> and established the goal of becoming a net exporter of energy by 2040. The new Conservative Party government headed by Truss also <a href="https://www.dailywire.com/news/new-british-prime-ministers-agenda-draws-comparisons-to-reaganomics">canceled a rise</a> in the corporate tax rate, slashed the basic income tax rate to 19%, and started discussions about special economic zones in multiple regions.
“We will get Britain moving by cementing our status as the best place in the world to do business,” Truss wrote in an <a href="https://www.dailywire.com/news/new-british-prime-minister-to-make-the-economic-pie-much-bigger-instead-of-fighting-over-how-to-slice-it">opinion piece</a> over the weekend. “We are putting our money where our mouth is in encouraging businesses to invest, create jobs and grow.”
Green activists, however, began raising concerns about the new economic agenda, which entails removing some environmental standards in the investment zones. Joan Edwards, who leads marine conservation efforts for The Wildlife Trusts, claimed in a <a href="https://www.wildlifetrusts.org/blog/joan-edwards/uk-governments-deregulation-agenda-dangerous-good-future-generations-we-must">blog post</a> that “cutting red tape” is no more than an excuse for “polluters” to poison “our rivers and countryside” and argued for strengthening wildlife protections in the investment zones.
“As our landscape is increasingly damaged by climate change — as seen by the wildfires, drought and flooding of this summer — we cannot afford not to protect our wild spaces to our best ability,” she contended. “For the good of future generations, we must reject deregulation and enhance nature protection instead.”
Meanwhile, the Royal Society for the Protection of Birds argued on <a href="https://twitter.com/Natures_Voice/status/1574456684210262024">social media</a> that the British government “launched an attack on nature.”
“We are angry and we are mobilising against these proposed plans,” the group said. “Our most vulnerable waterways, wildlife and green spaces across England are facing one of the greatest threats in decades.”
Truss has also announced a new round of oil and gas leases for the North Sea and lifted her nation’s moratorium on shale gas production — including the practice of fracking, by which pressurized liquid is injected into underground rocks to extract fuels. The ban was initially established in 2019 amid concerns over earthquakes.
“We are cutting off the toxic power and pipelines from authoritarian regimes and strengthening our energy resilience,” Truss said during a <a href="https://www.gov.uk/government/speeches/prime-minister-liz-trusss-speech-to-the-un-general-assembly-21-september-2022">speech</a> to the United Nations General Assembly. “We will ensure we cannot be coerced or harmed by the reckless actions of rogue actors abroad. We will transition to a future based on renewable and nuclear energy while ensuring that the gas used during that transition is from reliable sources including our own North Sea production.”
Indeed, member states of the European Union — of which Britain is no longer a part — are grappling with energy shortages in the aftermath of Russia ceasing natural gas flow through the Nord Stream 1 pipeline. European Commission President Ursula von der Leyen recently <a href="https://www.dailywire.com/news/european-union-social-market-economy-might-redistribute-fossil-fuel-profits">called</a> for redistributing profits from fossil fuel producers.
“In our social market economy, profits are good. But in these times it is wrong to receive extraordinary record profits benefitting from war and on the back of consumers,” she said in her most recent state of the union address.

British Prime Minister Ends Fracking Ban. Climate Activists Are Irate.

British Climate Groups ‘Angry’ After New Prime Minister Ends Fracking Ban

Climate Change

Oil and Gas

Ukraine-Russia War

<a href="http://dailywire.com/topic/united-kingdom?_gl=1*acinjn*_ga*OTAwNTI1NTYwLjE2MTM5NzIxMzI.*_ga_CZKR9ZYKJP*MTY2NDE5ODQ5MC4xMjgyLjEuMTY2NDE5OTYyNC4xNC4wLjA." target="_blank" rel="noopener">British</a> Prime Minister <a href="http://dailywire.com/topic/liz-truss?_gl=1*2ym5wt*_ga*OTAwNTI1NTYwLjE2MTM5NzIxMzI.*_ga_CZKR9ZYKJP*MTY2NDE5ODQ5MC4xMjgyLjEuMTY2NDE5OTYyNC4xNC4wLjA." target="_blank" rel="noopener">Liz Truss</a> argued in a Saturday opinion piece for an <a href="http://dailywire.com/topic/economy" target="_blank" rel="noopener">economic</a> agenda centered upon <a href="http://dailywire.com/topic/taxes?_gl=1*acinjn*_ga*OTAwNTI1NTYwLjE2MTM5NzIxMzI.*_ga_CZKR9ZYKJP*MTY2NDE5ODQ5MC4xMjgyLjEuMTY2NDE5OTYyNC4xNC4wLjA." target="_blank" rel="noopener">tax</a> cuts and deregulation.
The new Conservative Party government on Friday canceled a rise in the corporate tax rate, cut the basic income tax rate to 19%, and began discussions about special economic zones in multiple regions of the United Kingdom. In her <a href="https://www.dailymail.co.uk/debate/article-11246335/LIZ-TRUSS-long-politicians-fought-slice-economic-pie.html">article</a> for The Daily Mail, Truss said that lawmakers had emphasized agendas prioritizing redistribution rather than growth.
“For too long, politicians have fought over how to slice up the economic pie,” she explained. “We will focus instead on growing the pie to the benefit of families and businesses.”
Most European countries have a progressive income tax structure, by which higher earners pay a larger portion of their salaries than lower earners. At the beginning of this year, Britain had a top personal income tax rate of 45% — a figure lower than most European countries, yet higher than the 37% rate in the United States, according to a <a href="https://taxfoundation.org/top-personal-income-tax-rates-europe-2022/#:~:text=Denmark%20(55.9%20percent)%2C%20France,lowest%20personal%20income%20top%20rates.">report</a> from the Tax Foundation.
“People know better than any government what to do with their hard-earned money,” Truss continued. “And so we have set out our clear plan to deliver £45 billion of tax cuts in what will be the biggest tax-cutting package for generations.”
As Europe faces soaring energy prices, the British government announced a new round of oil and gas leases for the North Sea and <a href="https://www.dailywire.com/news/strengthening-our-energy-resilience-britain-ends-fracking-ban-will-become-net-exporter-by-2040">lifted its moratorium</a> on shale gas production. The ban was initially established three years ago amid concerns over earthquakes. Meanwhile, member states of the European Union — which Britain exited in early 2020 — have <a href="https://www.dailywire.com/news/european-union-social-market-economy-might-redistribute-fossil-fuel-profits">pushed renewable power</a> amid the energy crisis in accordance with the <a href="https://ec.europa.eu/clima/eu-action/climate-strategies-targets/2050-long-term-strategy_en">goal</a> of becoming “a climate-neutral society” by 2050.
Truss also introduced a proposal to limit the annual cost of power for a typical household to £2,500 for the next two years. The nation’s government had already <a href="https://www.gov.uk/guidance/getting-the-energy-bills-support-scheme-discount">greenlit</a> the Energy Bills Support Scheme, slated to remove £400 from residents’ power bills each month over the upcoming winter.
“Our energy scheme will save the typical household £1,000 a year on their bills and roughly halve the cost of business energy bills,” she wrote. “We believe people should be in control of their lives and keep more of the money they earn.”
Truss, who succeeded fellow Conservative Party member Boris Johnson earlier this month, has <a href="https://www.dailywire.com/news/new-british-prime-ministers-agenda-draws-comparisons-to-reaganomics">drawn comparisons</a> to her predecessor, former British Prime Minister Margaret Thatcher, as well as former U.S. President Ronald Reagan. She said in the opinion piece that her government is on the side of “all those who take responsibility and do the right thing, from setting up their own businesses to working hard and aspiring to a better life for themselves and their family.”
“We will get Britain moving by cementing our status as the best place in the world to do business. We are putting our money where our mouth is in encouraging businesses to invest, create jobs and grow,” Truss wrote. “We have followed through on our promise to suspend the corporation tax rise, with the result that our attractiveness to businesses will remain unbeatable.”

Liz Truss Attends Her First Prime Minister’s Questions

New British Prime Minister To Make The Economic Pie ‘Much Bigger’ Instead Of Fighting Over How To Slice It

British Prime Minister Liz Truss Pushes High-Growth, Low Tax Agenda In New Opinion Piece

<a href="http://dailywire.com/topic/united-kingdom" target="_blank" rel="noopener">British</a> Prime Minister <a href="http://dailywire.com/topic/liz-truss" target="_blank" rel="noopener">Liz Truss</a> is drawing comparisons to Margaret Thatcher and <a href="https://www.dailywire.com/topic/ronald-reagan" target="_blank" rel="noopener">Ronald Reagan</a> with her pursuit of lower <a href="http://dailywire.com/topic/taxes" target="_blank" rel="noopener">taxes</a> and higher <a href="http://dailywire.com/topic/economy" target="_blank" rel="noopener">economic</a> growth.
The new Conservative Party government on Friday canceled a rise in the corporate tax rate, slashed the basic income tax rate to 19%, and launched discussions about special economic zones in multiple regions. “Economic growth isn’t some academic term with no connection to the real world. It means more jobs, higher pay and more money to fund public services,” British Chancellor of the Exchequer Kwasi Kwarteng remarked in a <a href="https://www.gov.uk/government/news/chancellor-announces-new-growth-plan-with-biggest-package-of-tax-cuts-in-generations" target="_blank" rel="noopener">press release</a>. “This will not happen overnight but the tax cuts and reforms I’ve announced today — the biggest package in generations — send a clear signal that growth is our priority.”
Meanwhile, as other European countries impose energy consumption restrictions upon their citizens while continuing to prioritize renewable power commitments, Truss has pushed for <a href="https://www.dailywire.com/news/strengthening-our-energy-resilience-britain-ends-fracking-ban-will-become-net-exporter-by-2040" target="_blank" rel="noopener">higher oil production</a> and set the goal of becoming a net exporter of energy by 2040.
“We are cutting off the toxic power and pipelines from authoritarian regimes and strengthening our energy resilience,” Truss said on Wednesday during a <a href="https://www.gov.uk/government/speeches/prime-minister-liz-trusss-speech-to-the-un-general-assembly-21-september-2022" target="_blank" rel="noopener">speech</a> to the United Nations General Assembly. “We will ensure we cannot be coerced or harmed by the reckless actions of rogue actors abroad. We will transition to a future based on renewable and nuclear energy while ensuring that the gas used during that transition is from reliable sources including our own North Sea production.”
The British government announced a new round of oil and gas leases for the North Sea and lifted its moratorium on shale gas production, which disallowed the practice of fracking. The ban was originally established three years ago amid concerns over earthquakes.
Truss, who aims to double the growth rate of the British economy, drew comparisons to her predecessor, former British Prime Minister Margaret Thatcher, as well as former U.S. President Ronald Reagan.
A <a href="https://www.wsj.com/articles/u-k-leader-liz-truss-plan-to-cut-taxes-and-boost-spending-takes-a-page-from-reaganomics-11663864595" target="_blank" rel="noopener">piece</a> in The Wall Street Journal remarked that Truss is attempting to shape her political image in the mold of Thatcher, whose policies spurred an era of economic growth. The Iron Lady, however, enacted spending cuts before tax cuts to ensure that the government remained funded — meaning that the Truss agenda is more in line with that of the Gipper, who increased spending even while he decreased taxes.
Indeed, as energy prices continue to rise across Europe, Truss introduced a proposal to limit the annual cost of power for a typical household to £2,500 for the next two years. The British government had already <a href="https://www.gov.uk/guidance/getting-the-energy-bills-support-scheme-discount">greenlit</a> the Energy Bills Support Scheme, which will remove £400 from citizens’ power bills each month over the upcoming winter. “We are supporting this country through this winter and next, and tackling the root cause of high prices, so we are never in this position again,” Truss said during an energy policy <a href="https://www.gov.uk/government/speeches/pm-liz-trusss-opening-speech-on-the-energy-policy-debate">debate</a> in the House of Commons.
Nevertheless, not all comparisons between the Truss agenda and Reaganomics are positive. An <a href="https://www.economist.com/leaders/2022/09/22/liz-trusss-selective-reaganomics-wont-work">article</a> in The Economist predicted that a variety of economic woes, from unfavorable exchange rates to lackluster labor market conditions, will dampen Truss’ ability to resurrect the economic atmosphere of four decades ago.
“It is admirable to try to boost long-term growth by pruning regulations and taxes. But the high growth of the Reagan era was partly the result of women entering the workforce,” the article said. “Britain is ageing and its economy is still adjusting to Brexit. These factors are hurting the supply side of the economy by more than reforms are likely to help.”

Collage Maker-24-Sep-2022-10.01-PM

New British Prime Minister’s Agenda Draws Comparisons To ‘Reaganomics’

New British Prime Minister Liz Truss Draws Comparisons To Thatcher And Reagan

Ronald Reagan

The government of the <a href="https://www.dailywire.com/topic/united-kingdom" target="_blank" rel="noopener">United Kingdom</a> ended its <a href="https://www.dailywire.com/topic/fracking" target="_blank" rel="noopener">fracking</a> ban in a push to bolster the nation’s <a href="http://dailywire.com/topic/energy" target="_blank" rel="noopener">energy</a> security, according to a Thursday announcement.
<a href="http://dailywire.com/topic/russia" target="_blank" rel="noopener">Russia</a> severed <a href="http://dailywire.com/topic/oil-and-gas" target="_blank" rel="noopener">natural gas</a> flow through the Nord Stream 1 pipeline earlier this month in an apparent retaliation against Western Europe for supporting <a href="https://www.dailywire.com/topic/ukraine-russia-war" target="_blank" rel="noopener">Ukraine</a>. As other countries impose energy consumption restrictions upon their citizens while continuing to prioritize <a href="http://dailywire.com/topic/climate-change" target="_blank" rel="noopener">green energy</a> commitments, British Prime Minister <a href="http://dailywire.com/topic/liz-truss" target="_blank" rel="noopener">Liz Truss</a> has pushed for higher fossil fuel production and set the goal of becoming a net exporter of energy by 2040.
“We are cutting off the toxic power and pipelines from authoritarian regimes and strengthening our energy resilience,” Truss said Wednesday during a <a href="https://www.gov.uk/government/speeches/prime-minister-liz-trusss-speech-to-the-un-general-assembly-21-september-2022">speech</a> to the United Nations General Assembly. “We will ensure we cannot be coerced or harmed by the reckless actions of rogue actors abroad. We will transition to a future based on renewable and nuclear energy while ensuring that the gas used during that transition is from reliable sources including our own North Sea production.”
The British government subsequently announced a new round of oil and gas leases for the North Sea and lifted its moratorium on shale gas production — including the practice of fracking, by which pressurized liquid is injected into underground rocks to force open fissures and extract fuels. The prohibition was initially established in 2019 amid concerns over earthquakes.
“In light of Putin’s illegal invasion of Ukraine and weaponisation of energy, strengthening our energy security is an absolute priority, and — as the Prime Minister said — we are going to ensure the UK is a net energy exporter by 2040,” British Energy Secretary Jacob Rees-Mogg remarked in a <a href="https://www.gov.uk/government/news/uk-government-takes-next-steps-to-boost-domestic-energy-production">statement</a>. “To get there we will need to explore all avenues available to us through solar, wind, oil and gas production — so it’s right that we’ve lifted the pause to realise any potential sources of domestic gas.”
After succeeding fellow Conservative Party member Boris Johnson two weeks ago, Truss <a href="https://www.dailywire.com/news/british-prime-minister-liz-truss-unveils-package-to-cut-soaring-fuel-prices-offers-reforms-so-we-are-never-in-this-position-again">proposed legislation</a> that would limit the annual cost of power for a typical household to £2,500, or roughly $2,820, for the next two years. This plan would cost a total of £150 billion, or $169 billion. The nation’s government has already <a href="https://www.gov.uk/guidance/getting-the-energy-bills-support-scheme-discount">greenlit</a> the Energy Bills Support Scheme, which is slated to remove £400 from residents’ power bills each month over the upcoming winter.
Ministers in the European Union, of which the United Kingdom is no longer a part, likewise grapple with energy prices that have increased <a href="https://www.dailywire.com/news/european-climate-bureaucrats-are-dooming-the-continent-to-a-very-dark-winter">as much as twentyfold</a> in some member states. European Commission President Ursula von der Leyen recently <a href="https://www.dailywire.com/news/european-union-social-market-economy-might-redistribute-fossil-fuel-profits">called</a> for redistributing profits from fossil fuel companies.
“In our social market economy, profits are good. But in these times it is wrong to receive extraordinary record profits benefitting from war and on the back of consumers,” she said in her most recent state of the union address.
Several large European manufacturers are <a href="https://www.dailywire.com/news/european-companies-pause-production-as-energy-prices-soar">shuttering their factories</a> as energy prices climb. The producer price index for industrial goods in Germany, the continent’s largest economy, has risen 45.8% year-over-year as of August 2022, according to the Federal Statistical Office of Germany. Russian shipments accounted for 40% of the European natural gas supply last year — a rate that has since dropped to 9%.

Key Speakers At The 77th Session Of The United Nations General Assembly

‘Strengthening Our Energy Resilience’: Britain Ends Fracking Ban, Will Become Net Exporter By 2040

Britain Ends Fracking Ban, Will Become Net Exporter By 2040

Fracking

<a href="https://www.dailywire.com/topic/united-kingdom" target="_blank" rel="noopener">British</a> Prime Minister <a href="https://www.dailywire.com/topic/liz-truss" target="_blank" rel="noopener">Liz Truss</a> proposed legislation on Thursday to set a cap on power bills as <a href="http://dailywire.com/topic/europe" target="_blank" rel="noopener">Europe</a> languishes under soaring <a href="http://dailywire.com/topic/energy" target="_blank" rel="noopener">energy</a> prices.
The cost of natural gas in Europe has increased <a href="https://www.dailywire.com/news/back-to-the-dark-ages-tucker-carlson-details-europes-self-induced-energy-crisis" target="_blank" rel="noopener">more than tenfold</a> amid the fallout from the <a href="https://www.dailywire.com/topic/ukraine-russia-war" target="_blank" rel="noopener">Russian invasion of Ukraine</a>. Over the weekend, Russia severed natural gas shipments through the Nord Stream 1 pipeline until sanctions imposed by Western countries are amended. Truss, who <a href="https://www.dailywire.com/news/boris-johnson-out-as-british-prime-minister-successor-vows-to-solve-energy-crisis" target="_blank" rel="noopener">succeeded</a> fellow Conservative Party member Boris Johnson earlier this week, introduced a proposal to limit the annual cost of power for a typical household to £2,500, or roughly $2,870, for the next two years.
“We will deliver this by securing the wholesale price for energy, while putting in place long-term measures to secure future supplies at more affordable rates,” Truss argued during an energy policy <a href="https://www.gov.uk/government/speeches/pm-liz-trusss-opening-speech-on-the-energy-policy-debate" target="_blank" rel="noopener">debate</a> in the House of Commons. “We are supporting this country through this winter and next, and tackling the root cause of high prices, so we are never in this position again.”
Truss added that the legislation would save the average household £1,000 each year for the next two years, while lawmakers also intend to aid businesses, charities, and public sector organizations with energy expenses. The nation’s government has already <a href="https://www.gov.uk/guidance/getting-the-energy-bills-support-scheme-discount" target="_blank" rel="noopener">greenlit</a> the Energy Bills Support Scheme, which is slated to remove £400 from citizens’ power bills each month over the upcoming winter.
“Energy policy over the past decades has not focused enough on securing supply,” Truss continued. “All of this has left us vulnerable to volatile global markets and malign actors in an increasingly geopolitical world.”
In a departure from other European officials, Truss <a href="https://www.dailywire.com/news/she-aint-biden-new-british-pm-calls-for-north-sea-drilling-nuclear-power-plants-to-boost-domestic-energy" target="_blank" rel="noopener">called</a> for an opening of the North Sea for oil and gas drilling, as well as the construction of more nuclear power plants. Meanwhile, the European Union — which the United Kingdom left at the beginning of 2020 — has adopted the official <a href="https://ec.europa.eu/clima/eu-action/climate-strategies-targets/2050-long-term-strategy_en" target="_blank" rel="noopener">policy</a> of becoming “a climate-neutral society” by 2050 in accordance with the European Green Deal and the Paris Agreement.
Many leading economies on the continent are increasingly desperate to secure energy supplies. Companies in Poland, Estonia, Romania, and Hungary are <a href="https://www.dailywire.com/news/europeans-resort-to-burning-wood-amid-desperate-search-for-energy-now-greta-thunberg-wants-to-limit-that-too" target="_blank" rel="noopener">reducing timber</a> into pellets and exporting them to Italy, Germany, Austria, and other Western European nations. Although the European Union subsidized wood burning more than a decade ago to incentivize households to reduce dependence on fossil fuels, wood pellets produce more emissions than coal.
Nevertheless, climate activist Greta Thunberg argued that the European Parliament should remove incentives for wood burning. “We need to drastically reduce all types of greenhouse gas emissions, not only those from fossil fuels,” she argued in an <a href="https://www.theguardian.com/world/commentisfree/2022/sep/05/burning-forests-energy-renewable-eu-wood-climate" target="_blank" rel="noopener">opinion piece</a> for the Daily Mail. “All subsidies given to burn forest biomass must be reallocated to true renewables such as offshore-wind, solar and geothermal.”
European Commission President Ursula von der Leyen <a href="https://www.dailywire.com/news/european-union-intends-to-flatten-the-curve-for-electricity-use" target="_blank" rel="noopener">announced</a> on Wednesday that the European Union would propose a “mandatory target” for reducing electricity consumption during peak demand among member nations.
“If you look at the costs of electricity, there are peak demands. And this is what is expensive, because, in these peak demands, the expensive gas comes into the market,” she commented. “So what we have to do is to flatten the curve and avoid the peak demands. We will propose a mandatory target for reducing electricity use at peak hours.”

British Prime Minister Liz Truss Unveils Package To Cut Soaring Fuel Prices, Offers Reforms ‘So We Are Never In This Position Again’

British Prime Minister Liz Truss Unveils Package To Reform Energy Policy

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