Autumn Statement: Jeremy Hunt’s bitter medicine may be too harsh November 16, 2022 The City is not worried about a low-tax mujahideen - but economists are concerned this grim budget could choke off much-needed growth
Hunt to stare down Tory backlash as he hikes taxes across the board November 16, 2022 Jeremy Hunt will have to stare down a potential Tory backbench rebellion as he delivers his tax-hiking fiscal statement tomorrow. The chancellor has warned that the mixture of spending cuts and tax rises is necessary to restore economic credibility, however they may well dent his own credibility in the Tory party. There are already rumblings [...]
UK inflation scales to 41-year high, but analysts bet it has peaked at 11.1 per cent November 16, 2022 UK inflation has surged above the City and Bank of England’s expectations to reach a new 41 year high, but experts said it may now have peaked, official figures revealed today. Prices rose 11.1 per cent over the last year, pushing the rate a whole percentage point higher from September, according to the Office for [...]
Cleverly ‘not rushing to judgement’ on Poland missile strike November 16, 2022 The UK’s foreign secretary is “not rushing to judgement” on the cause of the missile that killed two people in Poland last night, after Nato’s chief said it was likely an accidental Ukrainian strike. James Cleverly told MPs today that the UK will help Polish authorities “lead the investigation to establish exactly what happened”. Nato [...]
Sunak and Biden didn’t discuss post-Brexit UK-US trade deal at G20 November 16, 2022 The shelved post-Brexit UK-US trade deal was not even on the agenda when Rishi Sunak and Joe Biden met today, the British Prime Minister has revealed. Sunak said after his meeting with Biden at the G20 in Indonesia that the pair spoke about the UK-US “economic partnership”, but the state of trade negotiations was not [...]
Briton in Brexit fight of his life as Denmark plans to deport him for missing deadline November 16, 2022 A British national residing in EU member state Denmark is reportedly being deported from the Nordic country because he missed a residency application by just under four days. Phil Russell said he did not know he needed a residency application in order to remain with his fiancée Frederike in the country. As a result, he [...]
Dominic Raab asks Rishi Sunak to launch investigation into two bullying complaints November 16, 2022 Dominic Raab has written to the Prime Minister asking for an investigation into two bullying complaints made against him. The Deputy Prime Minister, Lord Chancellor and Justice Secretary said he would “fully cooperate” with the probe and welcomed “transparency”. This comes after he was notified of two separate complaints made against him from during his [...]
Rishi Sunak: City should show ‘restraint’ on pay – but no u-turn on banker bonuses November 15, 2022 Rishi Sunak said Britain’s top business bosses needed to show ‘restraint’ on pay this year amid inflation concerns. “In a situation like this, I’m sure executives of most companies will be thinking about pay settlements for senior management, for their workers, and making sure they are fair,” the Prime Minister told broadcasters whilst in Bali [...]
Autumn Statement: Another windfall tax raid would further damage Britain’s reputation November 15, 2022 We are now less than 48 hours from the Autumn Statement, and knowing quite what medicine Jeremy Hunt feels it necessary for Brits to choke down to fix the so-called ‘black hole’ in the finances. One hopes the rumours of higher council tax, a reversed bank surcharge reduction and a variety of other pocket-pinching measures [...]
Russian missiles kill two people in Poland – reports November 15, 2022 Russian missiles are feared to have crossed into NATO member Poland, killing two people on Tuesday night, after reports from a senior US intelligence official. Missiles reportedly hit a farm in Przewodów, Lublin, a village near the border with Ukraine, according to Polish media. It was also reported that the missile was “most likely the [...]