Rishi Sunak says tax cuts are a fairy tale, but he is chasing a Sleeping Beauty fantasy July 19, 2022 TIMES are tough. We need a bold plan to tackle the cost of living and get growth going. I have heard my friend Rishi Sunak argue that this is not the time to cut taxes, despite people facing the heaviest burden since the 1940s. With all due respect to the former chancellor, he is acting [...]
Tory leadership: Sunak builds lead as Tugendhat drops out July 18, 2022 Rishi Sunak has built a strong lead in the in the third round of voting in the Tory leadership contest, with Tom Tugendhat dropping out. Sunak got 115 votes from Tory MPs, followed by Penny Mordaunt on 82, Liz Truss on 71, Kemi Badenoch on 58 and Tugendhat on 31. The vote saw Sunak, Truss [...]
Rishi Sunak: The mega-rich golden Tory boy whose crown is slipping after meteoric rise under Boris Johnson July 18, 2022 At the start of the pandemic, Rishi Sunak was the most popular politician in Britain as the former hedge fund manager rolled out an unprecedented furlough scheme which saved millions of jobs as the economy ground to a halt. Once the golden boy of the Tory Party, Sunak enjoyed a meteoric rise under Boris Johnson [...]
Mordaunt’s boss Trevelyan launches merciless attack on Tory leadership hopeful: ‘Others picked up the pieces’ July 18, 2022 Tory leadership hopeful Penny Mordaunt, currently one of the favourites to win the contest, received some harsh criticism this morning from within her own party. In fact, from her boss. Mordaunt missed key meetings in her role as a Government minister in order to plot her leadership campaign, her departmental boss has claimed. The trade [...]
Treasury still keen on state-backed NFT despite crypto crash and government upheaval July 18, 2022 The UK Treasury is still devoted to creating a state-backed NFT with the Royal Mint despite the recent crypto crash and resignations of key ministers supporting this project. HM Treasury reiterated its dedication to the state-backed NFT. “We are still committed to introduce an NFT, working with the Royal Mint. This work is ongoing, and [...]
Sky News cancels Tory leaders debate after Sunak and Truss pull out July 18, 2022 Sky News has cancelled the third Tory leadership debate planned for tomorrow, after frontrunners Rishi Sunak and Liz Truss today said they would not participate. It comes after a bruising ITV debate last night, which saw candidates launch vicious attacks on each other for 60 minutes. The clashes were particularly heated between Sunak, Truss and [...]
The dizzying tax promises of the Tory campaigns aren’t enough for the City July 18, 2022 IT WAS more than four years ago now since the outgoing prime minister, Boris Johnson, remarked to the Belgian ambassador to the EU that his approach to the private sector was “f*** business”. For a leading Conservative politician with ambitions towards Downing Street, it was an extraordinary thing to say. Yet it was clearly an [...]
Rishi Sunak will put City back at heart of Westminster decision making July 18, 2022 Tomorrow the Chancellor of the Exchequer will deliver the Mansion House speech, an annual milestone in the calendar of bankers, brokers, financiers and fiscal hawks in which the Chancellor’s vision for our financial services sector is outlined in a room with the UK’s most senior business leaders. Only two weeks ago I was working with [...]
Tory leadership race descends into all out war in televised debate July 17, 2022 The Conservative leadership race descended further into vicious mudslinging today as the remaining five candidates tore shreds off each other for 60 minutes in a televised debate. Frontrunners Rishi Sunak and Liz Truss had a number of bruising encounters, with the ex-chancellor accusing the foreign secretary of peddling “something for nothing economics” that are closer [...]
Sunak call to slash all EU rules by 2024 contradicted by the Treasury July 17, 2022 Rishi Sunak’s new promise to slash all retained EU regulations by 2024 has been contradicted by a leaked Treasury document today saying this would not be possible. Sunak wrote in the Sunday Telegraph today that he will have “scrapped or reformed all of the EU law, red tape and bureaucracy that is still on our [...]