Cabinet reshuffle: Kwasi Kwarteng named chancellor as Truss picks top team September 7, 2022 Liz Truss has made close ally Kwasi Kwarteng her new chancellor as the Prime Minister picks her top team. Therese Coffey has also been appointed health secretary and deputy Prime Minister, while James Cleverly is now foreign secretary and Suella Braverman is home secretary. Jacob Rees-Mogg has also been given a large promotion to business [...]
Independence is ‘vital’ for effective regulation, say watchdogs September 7, 2022 The UK's top financial regulators have doubled down on their continued independence from political influence today as they warned that pursuing short term growth by "lowering" regulatory standards could threaten financial stability.
Liz Truss could be the gear shift Britain needs September 6, 2022 Should you be in need of a slightly bitter laugh during your lunch break, we recommend you pop down an internet wormhole and find the video of Britain’s former business secretary and now Net Zero czar Alok Sharma proudly pressing the red button on the demolition of SSE’s Ferrybridge coal plant. It is just over [...]
Liz Truss says UK can ‘ride out the storm’ in first speech outside Number 10 September 6, 2022 Liz Truss has vowed that Britain can “ride out the storm” it is facing during her first speech outside Number 10 Downing Street. The former foreign secretary was greeted by warm applause as she arrived at Number 10 for the first time as Prime Minister, and said she would outline her energy support package later [...]
Legal fee hike on current cases could end barristers strike, CBA chair suggests September 6, 2022 AN IMMEDIATE 15 per cent hike to legal aid fees for ongoing cases could be enough to end the barristers’ strike, the chair of the Criminal Bar Association (CBA) hinted today. CBA chair Kirsty Brimelow told MPs today that the group would ballot its members on ending the strike if “significant” progress is made “That [...]
Liz Truss’s fashion journey to Downing Street: From fluorescent suits to Thatcher bows September 6, 2022 Liz Truss’s journey from Liberal Democrat speech-maker to Conservative Prime Minister has involved a number of eye-catching moments, not least the colourful outfits she has worn. Whether standing on a podium, striding to and from 10 Downing Street, or hitting the campaign trail, the latest UK leader has made a name for herself with a [...]
London’s FTSE 100 jumps as Liz Truss mulls cost of living support package September 6, 2022 London’s FTSE 100 jumped today driven by investors being reassured by new prime minister Liz Truss preparing to ramp up support for households and businesses this week. The capital’s premier index added 0.18 per cent to reach 7,300.44 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the [...]
Boris Johnson’s final claims and statements: Former PM’s last speech fact-checked September 6, 2022 This morning Boris Johnson gave his final public address as Prime Minister on the steps of 10 Downing Street, before travelling up to Balmoral to hand his resignation to the Queen. During today’s speech, Johnson repeated many of the claims he has made so often over his premiership, including on the Covid-19 vaccine rollout, hospital [...]
Senior Labour MP calls on government to give £2.5bn from Chelsea sale to Ukraine September 6, 2022 A senior Labour MP has hit out at the government for its delay in handing over billions of pounds to Ukraine, after the sale of Chelsea FC in May. Around £2.5bn made from the sale of the Premier League club still sits in the frozen Barclays bank account of ex-Chelsea owner, and sanctioned Russian oligarch, [...]
Liz Truss is the UK’s new Prime Minister after meeting with the Queen September 6, 2022 Liz Truss is the UK’s new Prime Minister after being asked to form government by the Queen in Balmoral this afternoon. Truss is now on her way back to London to deliver her maiden speech as Prime Minister outside Number 10. A Buckingham Palace spokesperson said: “The Queen received in audience The Right Honourable Elizabeth [...]