Liz Truss and Rishi Sunak will both lose in the style stakes July 28, 2022 It was Nadine Dorries who started it. Of course it was. Earlier in the week, the culture secretary, a passionate Liz Truss supporter, tweeted to praise the foreign secretary for wearing earrings from Claire’s Accessories which had cost £4.50. By contrast, Rishi Sunak was sporting £450 Prada loafers and a bespoke suit worth £3,500. No [...]
Martin Lewis begs Sunak and Truss to ‘sit down together and make a decision on soaring energy bills’ July 28, 2022 Martin Lewis has urged Tory leadership hopefuls to take action on eye-watering energy prices and “forestall the mental damage” debts will cause. The consumer champion who founded MoneySavingExpert.com said the situation with energy bills is reaching a “desperate” stage, and will impact on millions of households. He also warned the situation needed to be solved [...]
‘Political headache’: House prices soar to nearly nine times the average income July 28, 2022 Property prices have soared to nearly nine time the average household disposable income in Britain, according to official figures. Affordability ratios in England are at their worst since records began in 1999, the Office for National Statistics revealed today. In London, an average-priced home will cost prospective buyers from low-income households an eyewatering 40 years’ [...]
Shell unveils record profits and begins $6bn buyback programme July 28, 2022 Shell has posted massive profits of $11.5 billion for the second quarter, smashing its previous record three months of trading earlier this year.
Exclusive: Industry body urges Tory leadership contenders to back fracking July 28, 2022 The UK's leading onshore energy body has called on the two Tory leadership contenders to lift the moratorium on fracking.
Explainer-in-brief: Behind Rishi Sunak’s VAT cut promise July 28, 2022 Rishi Sunak has announced a plan to cut VAT from energy bills in a bid to ease the burden on households. Many, however, have seen it as a desperate attempt to revive his “underdog campaign” for the Tory leadership. His flagship ideology thus far has been that tax cuts would stoke inflation by encouraging people [...]
Sunak’s pledge for VAT cuts on energy bills only a short-term solution to energy crisis, warns IFS July 28, 2022 Scrapping VAT on energy bills should only be a temporary measure to ease costs for struggling households, argued the IFS.
The Big-Bang 2.0 fails to make City rules fit for an era of crypto and email not Telex July 28, 2022 THE Financial Services and Markets Bill 2022, introduced last week, failed to usher in the “Big Bang 2.0” of financial services regulation we were promised. It is true that many of the initiatives contained within the bill are sensible, welcome, and necessary – but they are nowhere near as radical as what is required to [...]
Rishi Sunak under fire for ‘flip-flopping’ on tax after promising to cut VAT on energy bills July 27, 2022 Tory leadership hopeful Rishi Sunak has been accused of “flip-flopping” on tax after pledging to cut VAT on energy bills and interrupting his rival Liz Truss in two debates in recent days. It came after the Tory leadership hopeful unveiled plans to remove VAT from domestic energy bills for a year if the price cap [...]
Stop throwing around cash promises and cut red tape July 27, 2022 THE Conservative party leadership candidates agree that the British economy is in dire straits. Inflation is biting incomes, growth is stagnant while public services are faltering. In response, Liz Truss backs a bold new approach encompassing supply-side reforms, while Rishi Sunak promises a “radical set of Thatcherite reforms that will unleash growth and strengthen our [...]