Timetable to replace Boris Johnson is set

Published

4 years ago

July 12, 2022

The race to enter Downing Street to become the new Tory leader is set to begin

The race to choose a new Conservative leader – and therefore the new prime minister of the United Kingdom – will start on Tuesday 12 July.

And the date this new leader will be known, and Mr Johnson will be leaving Downing Street?

That will be September 5.

A crowded field of 11 candidates have put their hats in the ring so far.

Liz Truss, the former Foreign Secretary, was the latest to declare after she contributed an article in the UK’s Telegraph newspaper on Monday.

The outgoing prime minister – Boris Johnson – has so far refused to endorse any candidate.

“I wouldn’t want to damage anybody’s chances by offering my support.”
BORIS JOHNSON, RESIGNED UK PRIME MINISTER

Tax cuts seem to be the order of the day.

Every candidate who is standing has said that tax cuts would be part of their platform in one way or another.

The justifications centre on their desires to tackle the cost of living crisis.

But Labour leader Sir Keir Starmer has hit out at the Tory leadership campaign, referring to the tax cuts as “fantasy economics.”

“Over the weekend, the contenders have made more than £200bn of unfunded spending commitments. Let that sink in”
SIR KEIR STARMER, UK LABOUR LEADER

11 candidates are current running.

This includes Rishi Sunak – who was Chancellor of the Exchequer during Boris Johnson’s tenure as Prime Minister.

RISHI SUNAK, CURRENTLY IN THE UNOFFICIAL LEAD. RISHI SUNAK WAS CHANCELLOR DURING THE PANDEMIC AND FOR MUCH OF BORIS JOHNSON’S TENURE

Various polls published across multiple UK newspapers have Rishi Sunak as the current favourite – and the final battle will be between Rishi Sunak – and whoever is left to face him.

Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

3 days ago

January 30, 2026

Harvey Vargas

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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News

Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

Published

4 days ago

January 29, 2026

Harvey Vargas

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

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#FederalReserve #InterestRates #Economy

News

Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

Published

4 days ago

January 29, 2026

Harvey Vargas

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy