Treasury to shut down £100m Covid fraud recovery squad in March October 16, 2022 The Treasury has decided to close down its unit charged with recovering money stolen through Covid fraud, after clawing back hundreds of millions less than expected. The £100m Taxpayer Protection Taskforce was set up by former chancellor Rishi Sunak to recover some of the estimated £5.8bn lost to fraud through three Covid support schemes. The [...]
New Westminster Foreign Affairs Committee chair says she will visit Taiwan October 16, 2022 The new chair of Westminster’s Foreign Affairs Committee has confirmed she will lead a delegation to Taiwan. Conservative MP for Rutland and Melton Alicia Kearns today said she has been rallying the committee to go to Taiwan since 2020, but that she is not trying to “antagonise” China. Nancy Pelosi, speaker of the US House [...]
Tesco chair says Labour the ‘only team on the field’ on economic policy October 16, 2022 The chair of the UK’s largest retailer has praised Labour’s economic plans and said “there’s only one team on the field” – Sir Keir Starmer’s party. Tesco chair John Allan today said “I don’t think we’ve seen a growth plan from the Conservatives”, but that “we’ve seen the beginnings, I think, of a quite plausible [...]
Biden says Truss tax cuts were ‘a mistake’ and U-turn was ‘predictable’ October 16, 2022 US President Joe Biden has criticised Liz Truss’ tax plans as “a mistake” and said he “wasn’t the only one” who thought so. The President said the Prime Minister’s embarrassing U-turns were “predictable” when he was asked about it during a visit to an ice cream shop in Portland, Oregon. Biden said earlier this year [...]
Hunt says Truss has ‘changed’ as he warns of spending cuts and tax rises October 16, 2022 Jeremy Hunt has claimed Liz Truss has “changed” after the bruising last month as he warns of coming spending cuts and tax rises. The new chancellor said “spending is not going to increase by as much as people hoped” and that “taxes are not going to go down as quickly as people thought and some [...]
Truss mulls another tax cut U-turn after bruising day for PM October 14, 2022 Rumours that Liz Truss could U-turn on her tax cut plans intensified yesterday, with the Chancellor telling journalists “let’s see” when asked about the possibility of a change of course. Number 10 held crisis talks over whether to scrap more of the mini-budget as speculation over the Prime Minister’s future reached fever pitch in Westminster. Many [...]
Kwarteng says ‘let’s see’ on tax cut U-turn as speculation mounts October 13, 2022 Kwasi Kwarteng tonight said “let’s see” in the face of questions about another potential tax cut U-turn, giving the strongest indication yet that there will be an about face from the government. The chancellor told the BBC “my total focus is on delivering on the mini-Budget and making sure we can get growth back into [...]
Liz Truss eyes mini-Budget U-turn on Corporation Tax October 13, 2022 Number 10 is actively considering whether to U-turn on more of the tax cuts in the government’s mini-Budget, just hours after Liz Truss’ spokesperson said no changes are on the cards. Truss’ spokesperson today said there would be no cancellation of any more of the government’s tax cuts and that the timetable for implementing them [...]
Cleverly blasts Tory MPs for attacking Truss and wanting ‘quotable tweets’ October 13, 2022 Britain’s foreign secretary James Cleverly has hit out at Conservative rebels for publicly criticising Liz Truss over her spending plans, accusing them of being concerned with “having quotable tweets”. Cleverly’s comments comes after Tory MPs began to publicly call into question Liz Truss’ policies yesterday. A frenetic meeting of the backbench 1922 Committee last night [...]
Liz Truss: I ‘absolutely’ won’t cut UK public spending October 12, 2022 Liz Truss has said she “absolutely” will not cut government spending, despite expectations the chancellor is set to bring forward measures to balance the Budget this month. The Prime Minister told the House of Commons that “what we will make sure is over the medium-term the debt is falling” and that “we will do that, [...]
