More sectors flash recession warning amid spending cooldown September 21, 2022 More sectors of the UK economy are flashing recession signals caused by consumers cutting spending in response to surging prices, a fresh survey published today reveals. Some 11 sectors out of the 14 tracked by Lloyds Bank recorded a slump in both demand and output last month. It is the fourth month in a row [...]
Truss vows to maintain UK’s military aid for Ukraine in 2023 September 20, 2022 Liz Truss has vowed to maintain the UK’s military aid for Ukraine next year, after arriving in New York for the United Nations General Assembly. The Prime Minister will underline her commitment to Ukraine in her UN speech tomorrow and tell western leaders that “we must put an end to Putin’s economic blackmail by removing [...]
PM Liz Truss: No post-Brexit US trade deal ‘in short to medium term’ September 20, 2022 Prime minister Liz truss has admitted the UK will not be able to strike a post-Brexit trade deal with the US anytime soon, as she lands in New York to address the UN. Britain’s newly-elected leader made the concession to reporters in the US after touching down on Tuesday, with a meeting scheduled with President [...]
Number 10 looks to shorten parliament’s party conference recess September 14, 2022 Number 10 is looking at shortening parliament’s recess for party conference season in a bid to provide more time to pass key legislation. There are plans to make MPs sit for parliament for a day longer next week, before party conferenece season begins, to ensure chancellor Kwasi Kwarteng can deliver a mini-budget. Parliament may also [...]
Multi-buy ban on sugary foods may be scrapped under government review September 14, 2022 Ministers may rip up its strategy to tackle obesity after a new review has been ordered into incoming rules around the promotion of unhealthy food, it has been reported. The Guardian newspaper has reported that Prime Minister Liz Truss could scrap a ban on foods that are high fat, salt or sugar being displayed prominently [...]
Health secretary must not forget about prevention in tackling NHS crisis, urges think tank September 13, 2022 The new health secretary must not forget about prevention, according to a top think tank, as she inherits the job of tackling an NHS in crisis. Thérèse Coffey, who was earlier this month appointed as the health minister, as well as deputy prime minister, announced last week she would prioritise A, B, C and D [...]
UK economy already in throes of drawn out recession, City warns after GDP disappoints September 12, 2022 The UK economy is already in recession and Liz Truss’s energy support package is unlikely to lift it out of its slump anytime soon, City economists warned today. Weaker than expected growth figures from the Office for National Statistics (ONS) today prompted experts to sound the recession alarm. Gross domestic product (GDP) climbed 0.2 per [...]
City eyes economic data dump for clues on BoE rate hike path September 11, 2022 City traders will be looking for clues shedding light on how far the Bank of England will need to hike interest rates in this week’s economic data dump. The capital’s premier FTSE 100 index posted a decent performance last week, adding nearly one per cent to close at 7,351.07 points. Its mid-cap domestically-focused counterpart, the [...]
Depths of grief: Truss, Starmer, Johnson, May and Harman lead tributes to Queen in sombre Parliament September 9, 2022 Prime minister Liz Truss, her predecessors Boris Johnson and Theresa May, Labour leader Sir Keir Starmer and Mother of the House Harriet Harman, led heartfelt tributes to Her Majesty the Queen in Parliament today. MPs and peers gathered at Parliament to pay tribute to the Queen this afternoon, all wearing black in a show of [...]
Free market think tanks criticise Truss’s energy price freeze September 8, 2022 Free market think tanks have said that the government’s plan to freeze energy bills will be ineffective and does not sufficiently target those most in need of support. “The energy price freeze is middle class welfare on steroids,” Andy Mayer, CEO of the Institute of Economic Affairs, said. “It represents a gigantic, untargeted handout to [...]