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Liz Truss resigns as UK Prime Minister

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UK Prime Minister Liz Truss has resigned after 45 days in the role

British Prime Minister Liz Truss announced her resignation as UK prime minister in a statement outside Downing Street.

Truss becomes Britain’s shortest-serving prime minister, after taking over from Boris Johnson 45 days ago.

“I cannot deliver the mandate on which I was elected,” she said.

Truss notified King Charles III of her resignation—a role he has held himself for 42 days.

There will be Conservative leadership election within the next week to elect the new UK prime minister.

“I will remain as Prime Minister until a successor has been chosen,” Truss said.

The embattled leader met with the chairman of the 1922 Committee of backbench MPs earlier in the day, after more of her own Tory colleagues called for her to stand down.

It also follows Home Secretary Suella Braverman handing in her resignation.

Troubled Truss

Liz Truss has become the UK’s shortest-serving prime minister.

She rose to the top job after a Conservative Party ballot, in which she beat former Chancellor Rishi Sunak.

At the time, the Conservatives were embroiled in a string of scandals.

This includes the ‘PartyGate’ fiasco in which her predecessor flouted Covid-19 lockdown restrictions while hosting parties at Downing Street.

Two days after she was sworn in by the late Queen Elizabeth II, the monarch herself passed away.

Truss’ tenure was met with a 10 day mourning period for Queen Elizabeth II, and an ambitious economic agenda.

Outside Downing Street, Truss said she came into office at a time of “great economic and international instability”.

However, she said her government delivered on energy bills and cutting national insurance.

She added there was a vision for a “low tax high growth economy”.

The UK’s economic uncertainty was worsened by the so-called ‘mini-budget’, which saw the UK pound fall to a record low.

As the economic woes continued, she sacked her Chancellor Kwasi Kwarteng.

The pound rose somewhat after Truss’ announcement before settling back at around $1.12.

Labour leader Sir Keir Starmer demanded a general election “now” following Truss’ resignation as prime minister.

The prime minister had appeared in the House of Commons a day earlier, where she said she was a “fighter, not a quitter”.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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