Gove says he’ll back government’s mini-Budget after 45p tax cut U-turn October 3, 2022 Michael Gove has said he will back the government’s mini-Budget in its current form, after Liz Truss and Kwasi Kwarteng U-turned on their plan to slash the top rate of Income Tax. The Tory big beast today said “there were lots of good things that they announced and some potentially interesting things”, after spending yesterday [...]
City of London defends redevelopment plans for Barbican October 3, 2022 A campaign group has slammed the “misinformed and misleading” data that has been used to justify demolishing two historic buildings in London’s Barbican. The City of London Corporation has submitted plans to demolish the Museum of London and adjacent office block Bastion House after raising concerns over the safety of the buildings. But a new [...]
London’s summer heatwave sparked plunge in footfall as Mayor warns against climate crisis October 3, 2022 The summer heatwave saw London visitors plunge as commuters swap the City for the shade, says London Mayor Sadiq Khan. Speaking at the Reuters IMPACT Conference later today, the Mayor will reveal that on 18 July, when temperatures in London exceeded 35 degrees, there were 385,640 daytime workers in central London, when 518,000 workers would usually be [...]
Kwarteng to U-turn on scrapping 45p tax rate: ‘We get it – we have listened’ October 3, 2022 Chancellor Kwasi Kwarteng will U-turn on scrapping the 45p tax rate amid opposition from his own MPs and former ministers. The government is to row back on the policy following vocal opposition from former cabinet ministers Michael Gove and Grant Shapps. On Sunday, the Prime Minister said she was “absolutely committed” to the policy. Posting [...]
Kwarteng has no option but to stay the course on tax plans October 3, 2022 A few weeks into her new role Liz Truss and her Chancellor Kwasi Kwarteng would have been forgiven for thinking that Tory conference would have been something of a party. After all, Tory party members favoured her candidacy by some margin – even if Conservative MPs were more enamoured by the now extremely quiet Rishi [...]
Greater London boroughs most at risk of ‘monster’ mortgage rate hikes, say Lib Dems October 3, 2022 Greater London boroughs are most at risk as “monster” mortgage rate hikes loom, according to research by the Liberal Democrats. Sutton, Bexley, Kingston upon Thames and Redbridge are home to the highest proportion of properties owned with a mortgage, with one in three households ladened with the debt – far above the city average of [...]
Kwarteng says ‘we must stay the course’ as he defends tax cuts October 2, 2022 Kwasi Kwarteng will tomorrow defend his tax cuts and declare “we must stay the course”, after the first day of Tory party conference was overshadowed by blue-on-blue attacks. The chancellor is expected to say he is committed to “fiscal responsibility”, after funding his tax cuts through more borrowing, in a bid to calm financial markets. [...]
Rees-Mogg hints government will merge financial services regulators October 2, 2022 Jacob Rees-Mogg has hinted the government will merge the UK’s financial services regulators, after the Prime Minister’s team spoke about the move during summer. It was reported during the Tory leadership contest that Truss wanted to roll the Financial Conduct Authority, the Bank of England’s Prudential Regulation Authority and Payment Systems Regulator into one body. [...]
Minister says Rees-Mogg wants to ditch ‘all business regulations’ for SMEs October 2, 2022 Business secretary Jacob Rees-Mogg wants to scrap all business regulations for SMEs with under 500 employees, according to a Treasury minister. Chief secretary to the Treasury Chris Philp told a fringe event at the Tory party conference today that Rees-Mogg would soon outline a package of measures to slash business regulation. “One of which is [...]
Where to eat, drink and sleep in Birmingham for Tory Party Conference October 2, 2022 On 2 october, Tory Party Conference kicks off in Birmingham. It remains to be seen whether the city famous for its Bull Ring will witness any blood sport following the fallout from the chancellor’s mini-budget. But whether it’s toasting the new PM or ruefully navel-gazing over Keir Starmer’s poll lead, the city’s hotels, restaurants, bars [...]