‘Game over, Boris’: Papers give merciless verdict after night of drama in Westminster with Sunak and Javid gone July 6, 2022 “Game over”, declares the headline of The Times’ this morning, which adds it “is a mistake” for the Prime Minister to continue clinging to power because he “has lost the confidence of his party and the country”. It is one of the merciless headlines this a.m. as the national mastheads paint a grim picture for [...]
Venues plead Chancellor to reduce tax burden as pubs and restaurants face ‘bleak summer’ July 4, 2022 Night time economy bosses have urged the Chancellor to slash VAT to 12.5 per cent in a bid to help businesses recover to their pre-Covid glory. Pleas for help from sector leaders followed reports last week that Downing Street was mulling reducing the headline rate temporarily to help UK households navigate the cost of living [...]
Sunak: BoE will ‘act forcefully’ on inflation and govt will ‘be responsible with borrowing and debt’ June 22, 2022 Rishi Sunak sought to reassure people following a 40-year high in UK inflation to 9.1 per cent, insisting the Bank of England will “act forcefully” to counter the rise. The BoE, which is independent of government, has been criticised for not being quick and decisive enough about rising costs of living, with members of the [...]
‘We will set out tax cuts this autumn’ promises Rishi Sunak after Boris Johnson appeases angry Tory rebels June 8, 2022 As the Government seeks to get back on track following Monday’s bruising Tory confidence vote in Boris Johnson, Chancellor Rishi Sunak has reaffirmed his commitment to cut taxes for business later in the year. In a speech to the Onward think tank, Mr Sunak said he would be bringing forward a range of measures in [...]
City’s influence over Westminster: £17.5m spent political parties and MPs since 2020 June 7, 2022 The influence of the City over Westminster has come into sharp focus this week, after a report £17.5m was spend by big banks on MPs and political parties since 2020. Almost 50 MPs received an average of £49,000 from the City – despite 26 of them registering not a single hour of work in return. [...]
Sunak: If you’re rich like me, give windfall tax of £400 to charity May 27, 2022 Rishi Sunak has said people should follow his lead and give the government’s £400 energy bill assistance to charity. The chancellor of the exchequer made his comments this morning after it was announced everyone will get a grant as part of a £21bn living support package. This comes after pressure on the government to impose [...]
Sunak denies using £21bn support package to deflect from No 10 lockdown parties May 27, 2022 Chancellor Rishi Sunak has rejected the notion that the timing of handing out £21bn worth of cost-of-living support to deflect from the controversy over Downing Street lockdown parties. The Chancellor bowed to demands for the UK Government to step in and help households to deal with ballooning energy bills and rising shop prices, which are [...]
Another wasted crisis as government shows no appetite for growth May 26, 2022 It has become fashionable to say in recent months that principles don’t seem to matter in British politics anymore. Most of that criticism is in the aftermath of a partygate scandal that, for all of its jaw-dropping detail, is not of grand importance in the scheme of things. We will now lay that criticism at [...]
Today: City hold its breath as Rishi Sunak is expected to confirm windfall tax on soaring energy profits May 26, 2022 Energy giants across the UK and investors in the City are awaiting what will come out of Westminster today as Chancellor Rishi Sunak is expected to cave in to pressure to impose a windfall tax on the soaring profits of oil and gas firms. Treasury sources did not deny reports he would use his announcement [...]
Today: Rishi Sunak to roll out news measures to help struggling Brits to fight cost of living crisis May 26, 2022 It’s been speculated that UK Chancellor of the Exchequer Rishi Sunak will today announce some emergency measures to help the most vulnerable UK households to help alleviate the strain on their finances because of the surge in energy prices. The package, which it is said is expected to be in the region of £10bn, “is [...]