Five pledges: How is Rishi Sunak doing after one year in No10? October 25, 2023 Just 12 months ago today, Rishi Sunak made history. Entering No10, on 25 October, 2022, he became the UK’s first British Asian and Hindu Prime Minister – and took over from his record-breaking predecessor after just 49 days. Since then, he’s lost five by-elections; visited Ukraine, the US and Israel, and seen his personal poll [...]
Philip Hammond ‘dismayed’ by Tory shift to ‘populism’ October 18, 2023 Lord Philip Hammond said he has been “dismayed” by the “populist turn” the Conservatives took. The former Chancellor told City A.M. while he thought the party was now “heading in the right direction” he had been “dismayed by the populist turn” the Tories took. During an interview about his role as chair of crypto firm [...]
Ministers could reopen trade talks with China October 16, 2023 Plans to reconvene a joint trade committee with China are being considered by the government, according to a report. Officials are said to be examining options to strengthen trade ties with the Asian superpower, including relaunching the joint economic and trade committee (JETCO), two people familiar with the discussions told Politico. The UK-China forum has [...]
Liz Truss allies set to publish ‘growth budget’ days ahead of autumn statement October 15, 2023 Liz Truss allies are set to publish their so-called ‘growth budget’ just days ahead of Jeremy Hunt’s autumn statement. The former Prime Minister, who spent just 49 days in power, set up the Growth Commission after leaving Downing Street in a bid to challenge what she termed ‘Treasury orthodoxy’. Now the task force has announced [...]
‘The lower the better’: Truss tells Tory conference corporation tax should be at 19 per cent October 2, 2023 Corporation tax should be slashed to 19 per cent and “if we can get it lower the better”, Liz Truss has said. The former Tory leader, who left office after just 49 days last year following a calamitous mini-budget which sent markets spiralling, called for action to “change the agenda” and prevent British businesses being [...]
Lettuce remember: One year on from Liz Truss’ disastrous mini-budget September 22, 2023 One year on from the mini-budget, City A.M. takes a look at the fallout and asks whether Truss still has the ability to influence the Conservative Party going forward.
Liz Truss: Bank of England mandate should be reviewed after inflation failures September 18, 2023 Former Prime Minister Liz Truss reiterated her claim that the Bank of England should have its mandated reviewed due to its failures to get a grip on inflation.
Truss: Tories have let the left capture economic consensus – and Sunak’s no better September 17, 2023 LIZ TRUSS will warn today that a lack of supply side reform under Rishi Sunak will lengthen a 25-year-long ‘economic consensus’ that has seen growth effectively flatline across the west.
Gavin Williamson told to apologise for bullying Chief Whip over Queen’s funeral tickets September 4, 2023 Sir Gavin Williamson should apologise to MPs for bullying a Conservative colleague after he was not allocated tickets to the late Queen’s funeral, Parliament’s watchdog has said. He was forced to quit as a Cabinet Office minister just days into Rishi Sunak’s premiership last year over a series of expletive-laden messages to former chief whip [...]
Truss suggests mini-budget may have paid off in the long-term July 12, 2023 Liz Truss appeared to suggest her mini-budget may have paid off long-term as her new taskforce warned the UK risks lagging behind other nations unless it tackles stagnation. Britain’s shortest-serving prime minister likened sluggish growth in recent years to a “boiling a frog situation” as she attended an event to launch the Growth Commission. Members [...]