Truss vows to slash taxes for SMEs and to unleash ‘business revolution’ August 21, 2022 Liz Truss has promised to slash taxes for British SMEs and unleash a “business revolution” in the UK if she is crowned Prime Minister next month. Truss said that her government would “back business to deliver” and “stop putting so much red tape, so much tax on business”. The foreign secretary told The Sun On [...]
Leading farming union defends solar panels from Tory attacks August 21, 2022 The UK’s largest agricultural body has defended the farming sector’s support of solar panels, despite criticism from both Tory leadership contenders.
Dire economy drags UK consumer confidence down to lowest level ever August 19, 2022 “Exasperation” with the plight of the UK economy has eroded consumer confidence to the lowest level ever, reveals a closely watched survey published today. Households are being downtrodden by a string of bleak economic news, uncertainty over how they will cope with sky-high energy bills during the winter months and sharp fall in spending power. [...]
It’s time to put an end to the Tory leadership contest August 19, 2022 Facing crises on multiple fronts, inaction is the course of action for Number 10’s current inhabitant. Inflation tops 10 per cent, energy bills are rising beyond £4,000, and the United Kingdom faces its worst drought in decades, yet the prime minister has said any action is for his successor to decide, so let’s get on [...]
Watch: Rishi Sunak claims McDonald’s wrap is his kids’ go-to order… despite it being removed in 2020 August 18, 2022 Rishi Sunak claimed a McDonald’s wrap is a favourite order at the fast-food giant when with his kids, despite it not having been on the menu for two years. The former chancellor, who is trailing in the Tory leadership race by 32-points to frontrunner Liz Truss, spoke about his struggles with modern technology after previously [...]
Liz Truss to launch ‘war on technocrats’ by merging City watchdogs August 18, 2022 Tory leadership frontrunner Liz Truss is planning an immediate shakeup of the City’s major regulators if she wins the race to become prime minister. Truss is planning to merge the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), and Payments System Regulator (PSR) into a single, new body. The Conservative party MP’s plans comes [...]
Historic inflation surge to swell UK debt interest bill to over £200bn August 18, 2022 A historic inflation surge is set to swell the UK’s debt interest bill to over £200bn, top economists have warned today. Britain’s public purse is set to come under intense pressure over the next two years that may cause the government to miss their borrowing fiscal rule, according to the Institute for Fiscal Studies (IFS). [...]
UK debt interest payments show the desperate need for economic growth August 18, 2022 Towards the end of the Johnson administration, which still staggers along in zombie-like fashion, it became fashionable to say that the problem was it never really stood for anything. This is true: even now with a degree of distance, Johnsonism remains something of a mystery beyond its defining principle that Boris remain very much in [...]
Bank of England to launch another jumbo rate hike to tame over 10 per cent inflation August 17, 2022 The Bank of England is set to launch a series of jumbo rate hikes to tame inflation that is beginning to be driven by domestic factors, City economists warned today. Prices climbed 10.1 per cent annually in July, the fastest acceleration since February 1982 and much higher than the Bank and analysts’ forecasts, according to [...]
Truss and Sunak admit NI Protocol Bill won’t pass parliament any time soon August 17, 2022 Rishi Sunak and Liz Truss have admitted the government’s plan to override the post-Brexit Northern Ireland Protocol will not pass through parliament for some time, with the deadlock set to continue for the foreseeable future. Both of the Tory leadership contenders said they were committed to the Northern Ireland Protocol Bill during a Belfast hustings, [...]