Treasury says UK’s ‘net-zero strategy’ will mean future tax rises to cover £37bn Budget blackhole October 19, 2021 The government’s newly released plan to get the UK to net-zero carbon emissions by 2050 would blow a £37bn blackhole in the Budget that would need to be filled by tax rises, according to the Treasury. Treasury analysis of the Net-Zero Strategy said the plans would mean “the loss of significant amounts of tax revenue [...]
UK’s net-zero strategy will ‘support’ 440,000 jobs by 2030, says Boris Johnson October 19, 2021 The UK’s newly unveiled strategy to reach net-zero carbon emissions by 2050 will “support” 440,000 new jobs over the next decade, according to Boris Johnson. Johnson said the UK’s “net-zero strategy”, released today, will also “unlock” £90 billion in investment by 2030. The document pledges that the UK will be powered entirely by clean electricity [...]
MPs call for parliament pension fund to divest from Chinese firms linked with Uyghur atrocities October 19, 2021 A cross-party group of 117 MPs have called for the Parliament Pension fund to divest from Chinese companies linked to Xinjiang – the region where Uyghurs are being ethnically cleansed. The group of MPs – which includes shadow foreign secretary Lisa Nandy, former Tory leader Sir Iain Duncan Smith and former cabinet minister Dr Liam [...]
UK and Bill Gates pledge to spend £200m each on new green technologies October 19, 2021 The UK government and Bill Gates have pledged to spend £200m each on new green technologies today at London’s Global Investment Summit. The £400m will go toward research and development of green technologies like green hydrogen, direct air capture and sustainable aviation fuel that are currently not viable for mass use. Boris Johnson and Gates [...]
Boris Johnson says supply chain shortages are due to ‘surging’ global economy October 19, 2021 Boris Johnson has claimed today that the UK’s supply shortages are the result of a “surging” global economy post-Covid and not post-Brexit worker shortages. The UK is suffering from goods shortages in some parts of the country due to shortages of key workers in a number of sectors, including the road haulage and agricultural industries. [...]
Boris Johnson hails £9.7bn in 2021 foreign investment at UK summit October 18, 2021 Boris Johnson will talk up £9.7bn in foreign investment deals the UK has attracted this year as he opens the three-day Global Investment Summit tomorrow. Johnson will open the summit, before having a “fireside chat” with Microsoft founder Bill Gates as the government continues its bid to increase business investment post-Brexit. However, the Prime Minister’s [...]
Labour renews pressure on government to slash business rates October 18, 2021 Labour will tomorrow renew its calls to slash business rates as it airs concerns that nearly 1m British jobs are currently at risk. Shadow chancellor Rachel Reeves will pile pressure on Rishi Sunak to entirely reform the taxation system in his autumn Budget, while pointing out that figures from the Office for National Statistics (ONS) [...]
Boris Johnson announces city status for Southend in honour of murdered MP Sir David Amess October 18, 2021 Southend-on-Sea will be be given city status in honour of long-serving Essex MP Sir David Amess who was murdered on Friday, Boris Johnson today announced. Amess, who was stabbed to death during a routine constituency surgery, had fought for decades for his constituency of Southend to be made a city. “I’m happy to announce that [...]
Number 10 does not deny Boris Johnson and wife had pal over at Christmas October 18, 2021 Number 10 has refused to deny Boris Johnson and Carrie Johnson had their friend Nimco Ali stay for Christmas last year as London was in lockdown, but insisted the pair “followed coronavirus rules at all times”. It is thought that Ali, who is godmother to the Prime Minister’s young child Wilfred, was in a childcare [...]
Sunak reportedly mulls cutting VAT on household energy bills to ease cost of living October 18, 2021 Rishi Sunak is reportedly considering cutting the 5 per cent rate of VAT on energy bills in a bid to cut living expenses for families this winter. Potential cuts in VAT to energy bills were touted by Vote Leave campaigners as a “Brexit dividend”, as EU rules stop countries from changing the rate, with some [...]
