Reeves says Labour is now the party of ‘economic responsibility’ September 26, 2022 Labour is “on its way” to forming government and is now the party of “economic responsibility”, shadow chancellor Rachel Reeves has said. Reeves said in her Labour party conference speech today that “it’s time for a government that is on your side – that government is a Labour government”. It comes as the Bank of [...]
Labour re-commits to nationalising rail if it wins the next election September 26, 2022 Labour has re-committed to nationalising the railways if it forms government after the next election. Shadow transport secretary Louise Haigh told the Labour party conference in Liverpool today that “the days of tinkering around the edges of a system that so clearly failed the public are over”. Five rail firms – including LNER, Northern Trains [...]
Labour accused of ‘demonising landlords’ and saying ‘rent is optional’ with new charter September 26, 2022 Labour has been accused of “demonising all landlords” with proposals set to be unveiled today for the private rented sector. Keir Starmer’s party is due to announce a series of pledges today according to the Mirror, with shadow communities, levelling up and housing secretary Lisa Nandy making a speech at its annual conference this afternoon. [...]
Labour will spend £8bn on UK sovereign wealth fund if it forms government September 25, 2022 Labour will tomorrow pledge to spend £8bn to start a UK sovereign wealth fund if it wins the next election in a bid to boost domestic manufacturing. The National Wealth Fund will invest in British green energy production, with the British state taking ownership of assets held under the fund, shadow chancellor Rachel Reeves will [...]
Italians to the polls: Far right eyes victory September 25, 2022 Over 50m of Italians were called to vote yesterday in an election that is set to upset the country’s allies in Nato and Brussels. Opinion polls saw the right-wing alliance led by Giorgia Meloni’s post-fascist Brothers of Italy party set to win. If she becomes prime minister, Meloni plans to link arms with far-right populist [...]
Burnham calls on Starmer to show more ‘fight’ against Truss’ tax cuts September 25, 2022 Greater Manchester mayor Andy Burnham has called on Sir Keir Starmer to show more “fight” against the government, after a day of fuelling speculation that he wants to be the next Labour leader. Burnham told an event at the Labour conference today that he supported Starmer, but that “we need to get a bit more [...]
George Osborne calls on government to fix ‘schizophrenic’ levels of borrowing September 25, 2022 Liz Truss must end the “schizophrenic” economic policy of slashing taxes and increasing government borrowing, according to former chancellor George Osborne. Osborne said he was pleased to see Truss acting like a “conviction politician”, but said the government must make spending cuts if it wants to also lower taxes. Chancellor Kwasi Kwarteng unveiled the largest [...]
Truss considers increasing migration to UK to boost economic growth September 25, 2022 Liz Truss is considering plans to increase the number of migrants coming to the UK in a bid to boost economic growth. The Prime Minister wants to bring forward drastic changes to the UK’s visa laws to tackle labour shortages in a move that will likely spark anger within sections of the Conservative party. The [...]
Truss’ migrant plan a welcome triumph for pragmatism over ideology September 25, 2022 On the face of it, you can see why those sitting in European capitals might scoff at Liz Truss’ plan to open up the door to higher migration in order to assist Britain’s growth push. After all, the vote for Brexit – perhaps not for its architects but unquestionably for many of those who put [...]
‘There is more to come’: Kwarteng hints at more tax cuts September 25, 2022 Kwasi Kwarteng has strongly hinted he will bring in more tax cuts, after today vowing “there is more to come”. The chancellor said Prime Minister Liz Truss had only been in Number 10 for “19 days” and that the pair wanted to continue on a radical economic path. Kwarteng announced the UK’s largest package of [...]