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Liz Truss warned of mass bankruptcies if firms left in limbo over energy bills

Prime minister to lead nation in a minute’s silence to honour the Queen’s legacy ahead of funeral.

Liz Truss is facing a political and economic baptism of fire this week with warnings of mass bankruptcies across the economy – even as the new prime minister prepares to lead the nation in a minute’s silence on Sunday night to honour the Queen’s legacy.

Before the Queen’s funeral at Westminster Abbey on Monday and her burial at St George’s Chapel in Windsor Castle, Truss will appear on the steps of No 10 on Sunday night at 8pm as part of a final national “moment of reflection” on the monarch’s life and legacy.

Downing Street is hoping that people will take part in their homes and on their doorsteps across the UK. Sailors, soldiers and air crews from the armed forces stationed overseas will also pause, including on ships and in bases, in what government officials believe could become a global event.

But with the period of national mourning ending after the funeral, when Truss will fly to New York to attend the UN general assembly, and with MPs returning to Westminster on Wednesday or Thursday, the transition back to normal politics will be sudden and potentially bruising for a prime minister who had only been in office for two days before the Queen’s death.

On Saturday night, leading UK business organisations were renewing pressure on ministers for “absolute clarity” on what help government would offer them with their energy bills and warning of dire consequences if they continued to be left in limbo over the level of support in the medium term.

The new business secretary, Jacob Rees-Mogg, will make an announcement on support for business on Wednesday to be followed by a mini-budget by the new chancellor, Kwasi Kwarteng, on Friday.

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Biden warns of “world war” whilst Truss says Rostov and Voronezh are not Russian

Biden warns of “world war” whilst Truss says Rostov and Voronezh are not Russian

President Joe Biden called for American citizens in Ukraine to leave the country as soon as possible after revealing the potential for a “world war” and warning that “things could go crazy quickly” between the US and Russia. Biden’s bombastic rhetoric was preceded by Russian Foreign Minister Sergey Lavrov meeting with British Secretary of State Liz Truss, where she embarrassed herself by failing to grasp the basic geography of the region. The Anglo escalation is part of their effort to derail dialogue between Moscow and the two European Union powerhouses of France and Germany to overcome the Ukraine crisis.

“American citizens should leave now,” Biden said in an interview with NBC News on February 10. “It’s not like we’re dealing with a terrorist organization. We’re dealing with one of the largest armies in the world. It’s a very different situation, and things could go crazy quickly.”

When asked what could prompt his order to send troops to Ukraine, Biden said: “There’s not. That’s a world war when Americans and Russia start shooting at one another. We’re in a very different world than we’ve ever been.” The American president also sent a message to his Russian counterpart Vladimir Putin, saying that if he “is foolish enough to come in, he’s smart enough to actually do nothing that could negatively impact American citizens.”

Tensions between Washington and Moscow are at their highest point since the Cold War, especially as the West manufactures an “impending Russian invasion of Ukraine” narrative. This manufactured crisis is being used as a pretext to send more NATO military equipment to Russia’s borders as the Kiev government seeks to conquer the People’s Republics of Donetsk and Lugansk in eastern Ukraine instead of finding a peaceful solution.

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