Explainer-in-brief: Net Zero pledges are largely absent in Conservative race July 14, 2022 As the Conservative leadership contest unfolds, the pledge to keep on track with net zero seems to be lost. Green policies were a staple of Boris Johnson’s premiership, determined by a belief in green energy’s potential to create new jobs and economic growth. The contenders don’t all seem to agree. Suella Braverman and Kemi Badenoch [...]
Tory leadership: Poll says Sunak at just 28 per cent among members as Mordaunt’s support surges July 14, 2022 The six remaining Tory leadership hopefuls are preparing for the final sages of the contest with the results of the second ballot at 3pm today. Three clear frontrunners have emerged after the first round, with Rishi Sunak receiving 88, Penny Mordaunt on 67 and Liz Truss on 50. This comes amid disastrous polling from YouGuv [...]
Exclusive: Tory leadership hopefuls’ income tax cut pledges will not support poorest July 13, 2022 Tory leadership hopefuls’ promises to bring forward the planned income tax cut will not help “those in real financial need”. That’s according to Tim Sarson, head of tax policy at KPMG UK, who shared his thoughts exclusively with City A.M. on what the eventual winner of the contest and the long-term chancellor need to prioritise. [...]
Tory leadership: Zahawi and Hunt knocked out after first vote July 13, 2022 Nadhim Zahawi and Jeremy Hunt have been knocked out of the Tory party leadership race in the first round, with Rishi Sunak attracting the most votes from his fellow Conservative MPs. Sunak got 88 votes, with Penny Mordaunt second on 67, Liz Truss in third on 50 and Kemi Badenoch fourth on 40. Zahawi and [...]
‘Stop Sunak’: Downing Street denies running smear campaign despite fierce attacks from Boris Johnson allies July 13, 2022 Downing Street this afternoon denied running an anti-Rishi Sunak smear campaign as Boris Johnson’s allies singled out the former chancellor for criticism in an increasingly bitter leadership contest. The caretaker Prime Minister’s press secretary insisted on Wednesday that Johnson is “staying neutral” despite his remaining loyalists throwing their support behind Liz Truss. Sunak, who currently [...]
Exclusive: Labour eyes up reform to ‘prescriptive’ EU finance rules July 13, 2022 Shadow city minister Tulip Siddiq said she would look to overhaul “prescriptive” EU-era regulation in financial services today as the Labour party mounts an offensive to try and win over the City.
Labour ramps up Sunak attacks as Johnson says he leaves ‘with head held high’ July 13, 2022 Labour has ramped up its attacks on Tory leadership frontrunner Rishi Sunak at Prime Minister’s Questions (PMQs) as Boris Johnson declared he would leave Number 10 “with my head held high”. Labour leader Sir Keir Starmer called for the end of non-domiciled tax status – in a likely dig at Sunak’s wife who was a [...]
Tory leadership: Mordaunt claims she is candidate ‘Labour fears most’ July 13, 2022 Penny Mordaunt has said she is the Tory leadership candidate that “Labour fears most” as she prepares to face off in the first round of MP votes today. The trade minister said in her official campaign launch today that she gives the Conservative party the “best shot” at winning the next election, while also vowing [...]
Rishi Sunak: I will run the economy like Margaret Thatcher if I am made PM July 13, 2022 Chancellor Rishi Sunak has said he will run the economy like Margaret Thatcher if he gets into Number 10. The former chancellor made his comments with a high-profile interview on Wednesday as he continues his bid to become prime minister, currently viewed as the frontrunner by many. Speaking to the Telegraph, he drew comparisons to [...]
Brexit opportunities minister Jacob Rees-Mogg: I would refuse to serve in ‘socialist’ Rishi Sunak’s cabinet July 13, 2022 Boris Johnson ally Jacob Rees-Mogg has branded Rishi Sunak a ‘socialist’ and refused to serve in his cabinet should he become PM. The Brexit-backing Conservative MP hit out at the former chancellor’s “disloyalty” to the Prime Minister after he resigned last Tuesday. This comes after Rees-Mogg appeared to brand Sunak a socialist for high taxes [...]