When it comes to delivering growth, talk is cheap August 29, 2024 Keir Starmer might not have much in common with Liz Truss, but they both put the pursuit of economic growth at the heart of their plan for government.
‘Annoying’: Nancy Pelosi slams Liz Truss for saying ‘world was safer’ under Trump August 14, 2024 Nancy Pelosi has criticised Liz Truss for claiming the “world was safer” under Donald Trump’s presidency, saying the former Prime Minister’s words were “annoying”. Pelosi, the former Speaker of the US House of Representatives, also said Truss, who spent just 50 days in No10, “doesn’t know what she’s talking about, once again”. The former South [...]
Therese Coffey: Former Tory deputy PM applied for Labour Treasury job August 14, 2024 Former Conservative deputy prime minister Therese Coffey reportedly applied for a senior role in the Treasury under Labour. The ex-MP – who lost her Suffolk Coastal seat at the general election among some 200 Tories who failed to secure re-election – put herself forward for the role of UK director at the European Bank for [...]
Fiscal prudence? The iron chancellor doth protest too much July 24, 2024 Rachel Reeves’ decision to expand the powers of the OBR suggests apprehension, not confidence, writes Tim Focas. Rachel Reeves has promised to be an “iron chancellor” embodying fiscal constraint and discipline. Yet, her first legislative move to enhance the powers of the Office for Budget Responsibility (OBR) raises questions about her own confidence in living [...]
King’s Speech: Labour to legislate OBR fiscal lock to boost ‘market credibility’ July 17, 2024 Labour will legislate for a fiscal lock to require the OBR to provide an independent assessment of any major tax and spending plans.
City ‘stands ready’ to work with new Labour government on growth July 8, 2024 Business lobby groups and the City of London have said the sector “stands ready” to work with Keir Starmer’s new Labour government on realising growth.
Election 2024: Liz Truss loses seat to Labour as mammoth majority evaporates July 5, 2024 Liz Truss has lost her Nofolk seat to Labour after voters revolted against the former Prime Minister following her disastrous spell in office.
Election 2024: Chancellor Jeremy Hunt could lose Surrey seat, exit poll projects July 4, 2024 Chancellor Jeremy Hunt could be set to lose his seat amid a historic night for Labour, according to the exit poll.
Which is the real party of business? June 26, 2024 Rishi Sunak has won praise from political strategists for finally distancing himself from his short-lived predecessor, saying “I was right when I warned you about Liz Truss”. But what should the City make of the Conservative leader drawing such a firm line under his party’s experiment with free market ideology? To answer that question, it’s [...]
Next government will have to increase taxes ‘aggressively’ or ‘do a Liz Truss’ June 25, 2024 UK government debt could be at risk of a sell-off if the next government needs to increase borrowing by more than expected, a major investor in gilts has warned.