Watch out NIMBYs: Kwarteng pledges to get Britain building again September 23, 2022 The Government has announced its intention to radically overhaul the planning system to ramp up major infrastructure projects.
Mini-budget: Kwarteng gives boost to pubs in cancelling increase on alcohol duties September 23, 2022 Chancellor Kwasi Kwarteng has announced that increased duties on alcohol will be cancelled, in a bid to support pubs, bars and breweries. In today’s mini-budget he said the government will introduce an “18-month transitional measure for wine duty” and “extend draught relief to cover smaller kegs of 20 litres and above”. The measures comes as [...]
Kwarteng makes permanent cut to stamp duty in a bid to drive growth September 23, 2022 Kwasi Kwarteng confirmed stamp duty would be slashed from today in a bid to drive growth and boost confidence in the economy. Announcing his mini-budget, Kwarteng said: “Today’s statement is about growth. Home ownership is the most common route for people to own an asset, giving them a stake in the success of our economy [...]
Kwarteng launches most radical tax cut programme in a generation September 23, 2022 Kwasi Kwarteng unleashed a tax cut bonanza in the House of Commons today, helping millions of Brits keep hold of more of their money
Liz Truss cost of living support fails to prevent new consumer confidence low September 23, 2022 Liz Truss’s cost of living support has done nothing to lift Brits’ optimism out of the doldrums, a closely watched survey published today reveals. Consumer confidence collapsed five points over the last month to minus 49, the lowest since research firm GfK started tracking the figures in 1974. The survey was carried out between early [...]
Kwarteng vows ‘new era’ as he prepares to unveil tax-cutting mini-Budget September 22, 2022 Kwasi Kwarteng will tomorrow outline the biggest package of UK tax cuts in more than 30 years as a part of the government’s bid to launch a Thatcherite economic revolution. The chancellor today confirmed he would axe this year’s 1.25 percentage point increase in National Insurance in tomorrow’s mini-Budget and he is expected to cancel [...]
Outgoing TfL chief: No Khan split and Elizabeth Line a career highlight September 22, 2022 LONDON’S transport chief has moved to silence talk of a split with Mayor Sadiq Khan after he announced his departure from the top job. Conservative London Assembly transport spokesman Nick Rogers said the departure was a sign that Khan’s Mayoralty was “in chaos.” But Byford told City A.M. that Khan had been “extremely supportive” throughout [...]
Labour conference: Reynolds prepares to unveil his big pitch to businesses September 22, 2022 The Labour party is an unfamiliar position heading into next week’s party conference. Labour has had consistently strong poll leads this year, is presenting a unified front on policy and for once has not been the party subject to a summer of internecine factional recriminations. Sir Keir Starmer now has a chance to drive home [...]
UK’s new housing minister vows to crack down on ‘immoral’ insurance deals September 22, 2022 The UK’s new housing minister has vowed to crack down on “immoral” practices in the insurance sector that “drive up prices for consumers,” after tower block leaseholders were hit with surging premiums in the wake of the Grenfell tower disaster. In a comment piece in The Telegraph, Housing secretary Simon Clarke said his department [...]
National Insurance rise to be axed on 6 November, says Kwarteng September 22, 2022 This year’s hike in National Insurance will be axed from 6 November, Kwasi Kwarteng has today announced. The Treasury today said the move to reverse the 1.25 percentage point increase in National Insurance – which was originally brought in to pay for increased health and social care spending – will save businesses an average of [...]