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2024 Conservative Party Leadership Election
The 2024 Conservative Party leadership election was announced on 5 July 2024 when then-Prime Minister Rishi Sunak declared his intention to resign as Conservative Party leader following the party's defeat at the 2024 general election. The leadership race commenced on 24 July and is expected to last for over three months, with Rishi Sunak's successor being confirmed on 2 November, when the result of the party membership vote is set to be announced. Sunak remains as acting leader until his successor is appointed. Six candidates stood for the leadership: Kemi Badenoch, James Cleverly, Robert Jenrick, Priti Patel, Mel Stride and Tom Tugendhat. Four were eliminated in a series of votes, until two remained to stand in the final ballot, which Conservative Party members vote in. On 4 September, Patel was eliminated in the first round of voting, with Jenrick outperforming expectations by coming first. On 10 September, Stride was eliminated in the second round and went on to endorse Clev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kemi Badenoch
Olukemi Olufunto Badenoch ( ; née Adegoke, 2 January 1980) is a British politician serving as Secretary of State for International Trade, President of the Board of Trade and Minister for Women and Equalities since 2022. She previously served in a series of junior ministerial positions under Boris Johnson from 2019 to 2022. A member of the Conservative Party, she has served as the Member of Parliament (MP) for Saffron Walden since 2017. Born in Wimbledon, London, to Yoruba parents, Badenoch spent parts of her childhood in Lagos and the United States before returning to the United Kingdom at 16. After graduating from the University of Sussex, she was a software engineer at Logica before studying law at Birkbeck, University of London. Badenoch later pursued a career in banking, working for the Royal Bank of Scotland Group and Coutts. In 2012, Badenoch unsuccessfully contested a seat on the London Assembly, but was appointed to the body after Victoria Borwick resigned in 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liz Truss
Mary Elizabeth Truss (born 26 July 1975) is a British politician who briefly served as Prime Minister of the United Kingdom and Leader of the Conservative Party from September to October 2022. On her fiftieth day in office, she stepped down amid a government crisis, making her the shortest-serving prime minister in the history of the United Kingdom. Truss previously held various Cabinet positions under prime ministers David Cameron, Theresa May and Boris Johnson, lastly as foreign secretary from 2021 to 2022. She has been Member of Parliament (MP) for South West Norfolk since 2010. Truss attended Merton College, Oxford, and was the president of Oxford University Liberal Democrats. In 1996, she joined the Conservative Party. She worked at Shell and Cable & Wireless, and was the deputy director of the think tank Reform. After two unsuccessful attempts to be elected to the House of Commons, she was elected as the MP for South West Norfolk at the 2010 UK general election. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fracking
Fracking (also known as hydraulic fracturing, hydrofracturing, or hydrofracking) is a well stimulation technique involving the fracturing of bedrock formations by a pressurized liquid. The process involves the high-pressure injection of "fracking fluid" (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants (either sand or aluminium oxide) hold the fractures open. Hydraulic fracturing began as an experiment in 1947, and the first commercially successful application followed in 1950. As of 2012, 2.5 million "frac jobs" had been performed worldwide on oil and gas wells, over one million of those within the U.S. Such treatment is generally necessary to achieve adequate flow rates in shale gas, tight ga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Truss Ministry
Liz Truss was invited by Queen Elizabeth II—two days before the monarch's death—to succeed Boris Johnson as prime minister of the United Kingdom on 6 September 2022. Johnson resigned as leader of the Conservative Party the previous day and resigned as prime minister on 6 September following the election of Truss as the new leader of the Conservative Party on 5 September. The Truss ministry was formed from the 2019 Parliament of the United Kingdom, as a Conservative majority government. With Queen Elizabeth's death on 8 September 2022, Truss became the first UK prime minister to serve under more than one monarch since Winston Churchill in 1952. On 20 October 2022, amid growing disapproval of her leadership from within the Conservative Party, Truss announced her resignation in a speech outside 10 Downing Street, stating that she would remain in office until a new leader was chosen. She added that this would happen by the end of the following week, making her tenure the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suella Braverman
Sue-Ellen Cassiana "Suella" Braverman (; ''née'' Fernandes, born 3 April 1980) is a British barrister and politician who has served as Home Secretary since 25 October 2022. She previously held the position from 6 September to 19 October 2022 under Liz Truss. A member of the Conservative Party, she was chair of the European Research Group from 2017 to 2018 and attorney general for England and Wales from 2020 to 2022. She has been the member of Parliament (MP) for Fareham in Hampshire since 2015. In the January 2018 cabinet reshuffle, she was appointed parliamentary under-secretary of state for exiting the European Union by Theresa May. She resigned in protest against May's draft Brexit withdrawal agreement. Braverman was appointed attorney general for England and Wales and advocate general for Northern Ireland by Boris Johnson in the February 2020 cabinet reshuffle; she was appointed as Queen's Counsel automatically on her appointment. After Johnson resigned in July 2022, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeremy Hunt
Jeremy Richard Streynsham Hunt (born 1 November 1966) is a British politician who has served as Chancellor of the Exchequer since 14 October 2022. He previously served in the Cabinet as Secretary of State for Culture, Olympics, Media and Sport from 2010 to 2012, Secretary of State for Health and Social Care from 2012 to 2018 and Foreign Secretary from 2018 to 2019. A member of the Conservative Party, he has been Member of Parliament (MP) for South West Surrey since 2005. The son of a senior officer in the Royal Navy, Hunt was born in Kennington and studied Philosophy, politics and economics at Magdalen College, Oxford, where he was President of the Oxford University Conservative Association. He was first elected to the House of Commons in 2005 and was promoted to the Shadow Cabinet as Shadow Minister for Disabled People and later as Shadow Secretary of State for Culture, Media and Sport. Hunt served in the Coalition Government as Secretary of State for Culture, Olympic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Party (UK)
The Labour Party is a List of political parties in the United Kingdom, political party in the United Kingdom that has been described as an alliance of Social democracy, social democrats, Democratic socialism, democratic socialists and trade unionists. The Labour Party sits on the Centre-left politics, centre-left of the political spectrum. In all general elections since 1922 United Kingdom general election, 1922, Labour has been either the governing party or the Her Majesty's Most Loyal Opposition (United Kingdom), Official Opposition. There have been six Labour List of prime ministers of the United Kingdom, prime ministers and thirteen Labour Cabinet of the United Kingdom, ministries. The party holds the annual Labour Party Conference, at which party policy is formulated. The party was founded in 1900, having grown out of the Labour movement, trade union movement and History of the socialist movement in the United Kingdom, socialist List of political parties in the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO 4217, ISO code: GBP) is the currency of the United Kingdom and nine of #Crown Dependencies and British Overseas Territories, its associated territories. The Pound (currency), pound (pound sign, sign: £) is the main unit of account, unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which special drawing rights#Value definition, calculate the value of International Monetary Fund, IMF special drawing rights. As of mid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
September 2022 United Kingdom Mini-budget
On 23 September 2022, the Chancellor of the Exchequer, Kwasi Kwarteng, delivered a Ministerial Statement entitled "The Growth Plan" to the House of Commons of the United Kingdom. Widely referred to in the media as a mini-budget (not being an official budget statement), it contained a set of economic policies and tax cuts such as bringing forward the planned cut in the basic rate of income tax from 20% to 19%; the abolition of the 45% higher rate of income tax in England, Wales and Northern Ireland; reversing a plan announced in March 2021 to increase corporation tax from 19% to 25% from April 2023; the reversal of the April 2022 increase in National Insurance; and the abolition of the proposed Health and Social Care Levy. Following widespread negative response to the mini-budget, the planned abolition of the 45% tax rate was reversed 10 days later, while plans to cancel an increase in corporation tax were reversed 21 days later. The mini-budget was delivered against the back ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kwasi Kwarteng
Akwasi Addo Alfred Kwarteng (born 26 May 1975) is a British Conservative Party politician who has been the Member of Parliament (MP) for Spelthorne in northern Surrey since May 2010. He was Secretary of State for Business, Energy and Industrial Strategy from 2021 to 2022, and Chancellor of the Exchequer in the short-lived Liz Truss government between September and October 2022. Kwarteng was born in London to Ghanaian immigrant parents and was educated at Eton College and Trinity College, Cambridge. He worked as a columnist for ''The Daily Telegraph'' and as a financial analyst before standing for election to the House of Commons. As a backbencher, Kwarteng co-wrote a number of papers and books, including '' After the Coalition'' (2011) and '' Britannia Unchained'' (2012). In November 2018, Kwarteng was appointed Parliamentary Under-Secretary of State for Exiting the European Union by Theresa May. Following Boris Johnson's appointment as Prime Minister in July 2019, Kwarten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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