Truss resigns as Prime Minister
Another Tory leadership election will take place 'within the next week'.
What to read next
Truss to become Prime Minister; promises ‘bold plan’ to cut taxes
Foreign Secretary Liz Truss has beaten former Chancellor Rishi Sunak to become leader of the Conservative Party and Britain's next Prime Minister.
Boris Johnson resigns; new Prime Minister to be installed by October
It looks like a Conservative leadership race will take place over the Summer, selecting a new Prime Minister in time for the Autumn party conference.
Truss sacks Kwarteng as Chancellor; rolls back another tax cut
Jeremy Hunt has replaced Kwasi Kwarteng as Chancellor of the Exchequer.
Most read
Power struggle at major family-run estate agency
Boardroom rift heads to the High Court as AIM-listed firm launches proceedings against its chairman.
Star Douglas Elliman broker targets London’s super-prime market
Luxury NYC specialist secures exclusive US representation for raft of landmark developments as American demand continues to build.
Prime London transactions up 14% as more buyers come off the sidelines
Knight Frank says buyers and sellers have become 'hardened to the volatility' as latest numbers suggest an improving picture across the prime postcodes.
Developer & contractor convicted over fatal London tower incident
Foster + Partners cleared of health and safety breaches over fatal Corniche window fall; St James and Lindner Prater found guilty.
Georgian gem changes hands on Fitzroy Square in off-market deal
Demand for best-in-class homes is driving top-end activity in PCL, says agency behind latest benchmark sale.
UK Sotheby’s recruits former Anderson Rose director
Scott Joseph will cover Prime Central and North West London from the brokerage's St John's Wood office.
‘A home is the centre of family life, not an untapped tax stream’: Wealthy London boroughs unite against ‘mansion tax’
RBKC, Westminster, Richmond & Wandsworth say residents could end up paying more than half of the proposed national levy.
London’s super-prime market goes into summer recess
Latest LonRes Data: Under-offer numbers halve as £5mn+ deals and new instructions fall sharply amid 'uncertainty and a lack of urgency'.
Rhodium hires former Nobu exec to lead global growth push
Dean Main's luxury property consultancy brings in Diane Daudin-Clavaud as Chief Development and Strategy Officer.
Malins Group rolls out private client arm
Property group launches new division for owners restoring, remodelling and creating ‘exceptional’ homes.
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