Truss hasn’t ruled out emergency cash payments, says ally Penny Mordaunt August 7, 2022 Liz Truss has not ruled out giving Brits cash payments later this year to combat the cost of living crunch, Penny Mordaunt has said. The senior Truss ally, and fallen leadership contender, today said that people had been “overinterpreting” comments made by the foreign secretary this weekend about her policy plans. Truss told the Financial [...]
Environment secretary calls for widespread hosepipe bans August 7, 2022 More widespread hosepipe bans should be enforced by water firms across England as fears grow about a potential drought in the South, according to the UK’s environment secretary. George Eustice today said it was “right” firms had already taken action and introduced water restrictions, while calling for further interventions. Last month was the driest July [...]
Gordon Brown says UK needs emergency budget to combat ‘financial timebomb’ August 7, 2022 The government needs to set an emergency budget or millions of Brits will face “a winter of dire poverty”, according to Gordon Brown. The former Prime Minister today said families are facing a “financial timebomb” in October as inflation continues to climb and Ofgem prepares to lift the energy price cap again. There are fresh [...]
Tory leadership: Truss and Sunak pledge cost of living help worth billions August 7, 2022 Rishi Sunak and Liz Truss have pledged billions of pounds worth of cost of living help as Britons face down further inflation increases. Truss, the frontrunner to be the next Prime Minister, told The Telegraph she would rush through £30bn+ in tax cuts months earlier than planned to combat the expected increases in inflation in [...]
Tory leadership: Truss has 32-point lead over Sunak in new members poll August 3, 2022 Liz Truss has opened up a 32-point lead over Tory leadership contender Rishi Sunak in a new members poll as the pair get ready to face another hustings event tonight. The Conservative Home poll of Tory members had Truss on 58 per cent and Sunak on 26 per cent in a further sign the foreign [...]
UK parliament shuts down its TikTok account over China security concerns August 3, 2022 Parliament has decided to shut down its new TikTok account after just one week due to data security concerns raised by MPs. Four MPs and two Lords who have all been sanctioned by China wrote to Commons speaker Sir Lindsay Hoyle and Lord speaker Lord John McFall to complain about “data security risks associated with [...]
City grandee Lord Cruddas calls for Tory leadership race to be suspended August 3, 2022 A City grandee and Tory peer has called for the party’s leadership election to be suspended and for Boris Johnson to remain in office in the wake of cyber security concerns over online voting. Lord Peter Cruddas, billionaire founder of CMC Markets, said that any threat of outside sabotage of the vote would mean that [...]
UK to pay business bodies to seal global mutual recognition deals for City firms August 3, 2022 The UK government will pay business bodies to broker deals in foreign countries to allow City workers to more easily work overseas post-Brexit. The new Recognition Arrangements Grants Programme will see payments of up to £75,000 given to professional bodies and regulators, for industries such as accounting and legal services, to pursue mutual recognition of [...]
City growing more comfortable with idea of Labour govt, says ex-Tory minister August 2, 2022 The City is getting more comfortable with the idea of a Labour government as it reverts to a New Labour-like policy direction, according to former Tory minister Lord Jim O’Neill. O’Neill, a crossbench peer who is heading a review of start-up funding for Labour, told City A.M. that the party under Sir Keir Starmer has [...]
Tory leadership: Truss U-turns on pay cuts for regional public service workers August 2, 2022 Liz Truss has this morning performed a screeching U-turn on a policy to pay regional public sector workers less than their London counterparts. A spokesperson for Truss said that “current levels of public sector pay will absolutely be maintained” and that “our hard-working frontline staff are the bedrock of society and there will be no [...]
