Liz Truss to launch ‘war on technocrats’ by merging City watchdogs August 18, 2022 Tory leadership frontrunner Liz Truss is planning an immediate shakeup of the City’s major regulators if she wins the race to become prime minister. Truss is planning to merge the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), and Payments System Regulator (PSR) into a single, new body. The Conservative party MP’s plans comes [...]
Met arrest suspect in Greenford murder of 87-year-old man on mobility scooter August 18, 2022 The Met Police has made an arrest in connection with the murder of an 87-year-old pensioner on a mobility scooter on Tuesday. A 44-year-old was detained by officers at an address in Southall on suspicion of murder after Thomas O’Halloran was killed on Tuesday in Ealing, West London. Police were called to Runnymede Gardens, at [...]
Historic inflation surge to swell UK debt interest bill to over £200bn August 18, 2022 A historic inflation surge is set to swell the UK’s debt interest bill to over £200bn, top economists have warned today. Britain’s public purse is set to come under intense pressure over the next two years that may cause the government to miss their borrowing fiscal rule, according to the Institute for Fiscal Studies (IFS). [...]
As UK faces three days of crippling train strikes Grant Shapps reveals 16-point plan August 18, 2022 Transport secretary Grant Shapps has unveiled a 16-point plan in a bid to tackle ‘Luddite’ unions, as industrial action brings the UK to a standstill. The announcement comes as 40,000 rail workers in the RMT and TSSA unions walk out on Thursday bringing much of the UK rail network to a grinding halt. A second [...]
UK debt interest payments show the desperate need for economic growth August 18, 2022 Towards the end of the Johnson administration, which still staggers along in zombie-like fashion, it became fashionable to say that the problem was it never really stood for anything. This is true: even now with a degree of distance, Johnsonism remains something of a mystery beyond its defining principle that Boris remain very much in [...]
Russia has 38 per cent jump in energy export earnings this year: internal document August 17, 2022 Reuters Higher oil export volumes, coupled with rising gas prices, will boost Russia’s earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters. The jump in revenues, if it materialises, will help shore up Russia’s economy in the face of waves of [...]
Truss and Sunak admit NI Protocol Bill won’t pass parliament any time soon August 17, 2022 Rishi Sunak and Liz Truss have admitted the government’s plan to override the post-Brexit Northern Ireland Protocol will not pass through parliament for some time, with the deadlock set to continue for the foreseeable future. Both of the Tory leadership contenders said they were committed to the Northern Ireland Protocol Bill during a Belfast hustings, [...]
Have you seen this person? Police release image after fatal stabbing of man, 87, on mobility scooter August 17, 2022 Police have released an image of a man they want to speak to, following the fatal stabbing of an 87-year-old man who collected money for charity on his mobility scooter. Officers believe he was stabbed in Western Avenue shortly before 16:06hrs on Tuesday before managing to travel 75 yards on his mobility scooter to Runnymede [...]
Leaked recording reveals Liz Truss saying UK workers lack ‘skill and application’, need more ‘graft’ August 17, 2022 A leaked recording has revealed Tory leadership frontrunner Liz Truss saying UK workers lacked “skill and application” compared to foreign rivals. The foreign secretary made her comments before 2019 when she was number two in the treasury, and was questioned about it last night during a feisty hustings in Peth. The recording, originally published by [...]
Truss has 32-point lead over Sunak in latest poll of Tory members August 17, 2022 Liz Truss is still leading Rishi Sunak by 32 points in the latest poll of Tory members as the foreign secretary inches closer to becoming Prime Minister. The ConservativeHome poll, out today, showed Truss was on 60 per cent and Sunak was on 28 per cent. The latest result is consistent with a string of [...]