Truss pledges immediate tax relief review for stay-at-home parents July 21, 2022 Liz Truss has pledged to conduct an immediate review into providing tax relief for stay-at-home parents and carers if she is made Prime Minister. The foreign secretary said she would look at treating households as “single tax entities” so that “people aren’t penalised for taking time out of work to care for family or their [...]
Penny Mordaunt hits back at Anne-Marie Trevelyan over ‘work ethic’ jibes July 21, 2022 Fallen Tory leadership contender Penny Mordaunt has mocked her ministerial boss Anne-Marie Trevelyan today, after she was the victim of a series of attacks about her “work ethic” during the campaign. Mordaunt, a trade minister, said she was “amazed to find myself” in the House of Commons chamber after Trevelyan, the trade secretary, questioned her [...]
Tory leadership race: Truss claims her tax cuts would decrease inflation July 21, 2022 Liz Truss has today claimed her plan to introduce tax cuts worth £30bn+ would “decrease inflation” as she begins her campaign to win over Tory party members and become Prime Minister. The foreign secretary denied claims by economists, and her leadership rival Rishi Sunak, that her tax plans would further fuel the UK’s 40-year high [...]
Rishi Sunak or Liz Truss will be the next UK Prime Minister July 20, 2022 Either Rishi Sunak or Liz Truss will be the UK’s next Prime Minister, after coming out top in a series of Conservative MP votes that finished this afternoon. Rishi Sunak picked up the most votes in the final round with 137, followed by Truss on 113 and Penny Mordaunt on 105. The next Conservative leader [...]
Brexit: UK lays foundation to scrap hundreds of EU financial services rules July 20, 2022 Ministers have today tabled landmark post-Brexit legislation in parliament that will lay the foundation to scrap hundreds of retained EU rules on financial services. The long-awaited Financial Services and Markets Bill sets up a mechanism to bin EU financial services regulations one-at-a-time and either replace them with completely new rules or with none at all. [...]
‘Hasta la vista, baby’: Johnson bids farewell in final PMQs July 20, 2022 Boris Johnson has told the nation it is “mission largely accomplished – for now” in his final parliamentary address as Prime Minister, while also invoking Arnold Schwarzenegger by declaring: “hasta la vista, baby.” In a farewell address that referenced Winston Churchill and 1980s film The Terminator, Johnson told his successor to “stay close to the [...]
MPs claim Covid PPE contract ‘failures’ cost UK taxpayer £2.7bn July 20, 2022 There were “significant failings” in the government’s management of personal protective equipment (PPE) contracts during Covid that cost the taxpayer £2.7bn, according to a crossbench committee of MPs. A report from Westminster’s Public Accounts Committee (PAC) says the government is in dispute with 176 contract holders for PPE, worth £2.7bn, around the effectiveness of the [...]
Tory leadership: Sunak, Mordaunt or Truss will be next PM July 19, 2022 Rishi Sunak, Liz Truss and Penny Mordaunt are the three remaining candidates to be the next UK Prime Minister, after Kemi Badenoch was today eliminated. Sunak picked up 118 votes in the latest Tory leadership vote, followed by Mordaunt on 92, Truss on 86 and Badenoch on 59. There will be a final MP vote [...]
Mordaunt supporter Tobias Ellwood loses Tory whip for vote no-show July 19, 2022 Penny Mordaunt supporter Tobias Ellwood has lost the Conservative party whip today for not showing up to support the government in yesterday’s confidence vote. Ellwood, a perennial critic of Boris Johnson, will now be unable to participate in the final two MP votes for the Tory leadership contest. The Defence Committee chair was in Moldova [...]
Zahawi to outline plan to change EU’s City rules in Mansion House speech July 18, 2022 The UK’s new chancellor will try to soothe City jitters tomorrow night as a major new report suggests the Square Mile is suffering as a result of political uncertainty. Nadhim Zahawi will tell the annual Mansion House bankers’ dinner that he will “repeal hundreds of pieces of retained EU law” post-Brexit and replace them with [...]
