Liz Truss urged to ‘remain committed’ to audit reform September 26, 2022 One of the UK’s largest audit sector trade bodies has called on the UK’s new government to set out a “clear timetable” for its plans to overhaul the UK’s audit sector in claiming audit reform will play a vital role in securing long-term economic growth. Writing to UK prime minister Liz Truss, business secretary [...]
Union to ballot 150,000 civil servants on plans for public sector strike September 26, 2022 The public sector workers’ union is set to ballot more than 150,000 civil servants on plans to strike over pay and working conditions. The Public and Commercial Services Union (PCS) said it is urging its members in 214 government departments to vote in favour of taking industrial action, after the UK government set out plans [...]
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 [...]