Exclusive: MPs will get vote on how local consent is given to fracking projects October 19, 2022 MPs will be given a say on how local communities can approve or block new fracking sites, business secretary Jacob Rees-Mogg has told Tory MPs today. Rees-Mogg said in a letter to all Conservative MPs, seen by City A.M., that a consultation on how to establish local consent for new fracking projects will begin next [...]
Tory whips say Labour fracking motion is vote of confidence in Truss government October 19, 2022 Conservative whips have told their own MPs that a Labour vote opposing fracking is an effective confidence motion in the Liz Truss government and that they must follow the party line. Truss’ chief whip Wendy Morton told Tory backbenchers, in an email leaked to Huffpost, that “this is not a motion on fracking … this [...]
Sadiq Khan: Tax “confusion” could hit London’s investment appeal October 19, 2022 SADIQ KHAN has warned that instability at the top of British politics could hit London’s status as a desirable investment destination. Investors are “not sure that the stability and certainty that existed in London will be there going forward,” the Mayor of London told City A.M. yesterday. “Instability is good for no-one,” he added. A [...]
Pension triple lock at risk as Truss warns of ‘difficult decisions’ October 18, 2022 Number 10 has refused to commit to the state pension triple lock, after Liz Truss promised to keep the measure just weeks ago. Truss’ spokesperson refused four times to say Truss would uphold the triple lock, which would ensure state pension payments stay in line with inflation next year. New chancellor Jeremy Hunt warned yesterday [...]
Cleverly summons China’s deputy ambassador after consulate protester beaten October 18, 2022 Foreign secretary James Cleverly has summoned China’s deputy ambassador to the UK, after a pro-Hong Kong democracy protester was beaten outside the country’s consulate in Manchester. Greater Manchester Police said a protester was on Sunday dragged into the Chinese consulate by its staff and beaten, sparking serious freedom of speech concerns within the UK government. [...]
Truss approval rating at record low as just 10 per cent have favourable view of PM October 18, 2022 Liz Truss’ approval ratings have reached an historic low and polling shows that Tory members are now in favour of removing the Prime Minister. A YouGov poll today showed Truss had a -70 net-favourability rating among the British public, which is lower than Boris Johnson faced at his lowest point and the lowest ever recorded [...]
Uncertainty over timing of UK announcement of Big Bang 2.0 financial services reforms October 17, 2022 There is now uncertainty over when the UK will unveil its post-Brexit changes to EU financial services regulations amid the current government turmoil. The Treasury said last month that former chancellor Kwasi Kwarteng would announce the long-awaited reforms, which will include changing the EU’s Solvency II directive on insurance firms, in October. This target may [...]
Mordaunt says Truss is ‘not under a desk’ as PM avoids parliament scrutiny October 17, 2022 A senior cabinet minister has been forced to say that Liz Truss is “not under a desk”, after refusing to face questions in the House of Commons. Leader of the House of Commons Penny Mordaunt answered an Urgent Question in parliament today from Labour leader Sir Keir Starmer, instead of the Prime Minister. Starmer said [...]
Hunt ditches ‘almost all’ of Truss’ tax cuts as chancellor bins mini-Budget October 17, 2022 Jeremy Hunt has binned “almost all” of Liz Truss’ mini-Budget, while also announcing that the UK’s energy bills freeze will only be universal until April. The new chancellor confirmed more of Truss’ tax cuts have now been overturned – including the planned cut to the basic rate of Income Tax – in a bid to [...]
Hunt tries to steady the ship as Tory MPs plot Truss’ downfall October 17, 2022 Jeremy Hunt yesterday urged Tory MPs to get behind Liz Truss to save her premiership as he warned of impending spending cuts and tax rises. The new chancellor said Truss had “listened” and “changed” since last month’s catastrophic mini-budget, while warning of the “difficult decisions” he would make to restore market confidence in the government. [...]
