Exclusive: Truss ally Rees-Mogg holds talks with energy firms in supply bid August 30, 2022 Truss backer Rees-Mogg has been holding urgent talks with oil and gas companies ahead of a looming winter crisis.
Sunak confidant hints at ‘targeted support’ in cost of living crisis as he warns higher incomes won’t be safe either August 30, 2022 DCMS minister Matt Warman, who is supporting Rishi Sunak in the Tory leadership battle, spoke this morning in favour of targeted support during the rising cost of living, acknowledging “that is going to affect people somewhat higher up the income scale as well”. He told Sky News this a.m.: “I think for me the most [...]
Notting Hill Carnival: Man, 21, fatally stabbed as police launch murder investigation August 30, 2022 Notting Hill Carnival was rocked by a fatal stabbing yesterday, as police launched a murder investigation. Officers responded to reports of the incident at 10pm on Monday in Ladbroke Grove, under the Westway flyover. The victim is a 21-year-old man who was given first aid by police before ambulance services removed him from significant crowds. [...]
Chancellor Zahawi on US trip in effort to bang the drum for London finance August 30, 2022 Chancellor Nadhim Zahawi will embark on a US trip this week in an attempt to bang the drum for Britain’s post-Brexit financial future. Zahawi will visit the New York Stock Exchange and meet with senior global bank representatives with “the aim of setting the highest possible standard for global financial services co-operation between the two [...]
Truss tax cuts: Wonk warning on hit to public finances August 29, 2022 LIZ TRUSS’ planned tax cuts would “completely crash the public finances,” warned the boss of one of the UK’s foremost economic think-tanks, the Institute of Fiscal Studies. Prospective new Prime Minister Liz Truss is expected to announce an emergency budget early on in her administration if she, as expected, is made leader of the Tory [...]
Tory leadership election: Let’s hope for some fresh ideas from new PM August 29, 2022 To paraphrase the former US President Gerald Ford, we are approaching the end of our national nightmare. The Tory leadership election finally comes to an end this time next week, when the new Prime Minister will travel to Buckingham Palace to inherit an in-tray of what would no doubt be described by Whitehall mandarins as [...]
Zaporizhzhya nuclear plant: UN team moves in as shelling nearby risks leaks August 29, 2022 A TEAM from the United Nations’ nuclear watchdog touched down in Ukraine yesterday amid ongoing concern that Europe’s largest nuclear power plant in Zaporizhzhya is becoming a hotspot for conflict. The Zaporizhzhya plant sits on the Dnipro River and has been under Russian control since March, though remains staffed by Ukrainians. Shelling in the vicinity [...]
European Commission backs out of battle over Qualcomm’s £862m fine August 29, 2022 In a further setback for EU regulators, European Commission will not be appealing the decision to overturn a €997m (£862m) fine placed on US chipmaker Qualcomm.
Zahawi: Middle-earners will also need help with energy bills August 27, 2022 Chancellor Nadhim Zahawi has said that middle-earners will also need help with their energy bills. The comments come as Ofgem announced yesterday the energy price cap will rise over 80 per cent to £3,549 per year from October. Zahawi told the Telegraph that support should not be given only to people on benefits but also [...]
Boris Johnson warns against capping energy bills for everyone August 26, 2022 Boris Johnson has warned against capping energy bills for all households as this would benefit rich energy users at the expense of the vulnerable.