Whoever leads the No11 regime must learn spending will only fuel inflation July 7, 2022 The year ends with a two. We have a Prime Minister who reset Britain’s relationship with Europe and has suddenly appointed an inexperienced Chancellor. The new regime in Downing Street now promises tax cuts in the face of high inflation. Am I mad, in a coma, or has the Tory Party travelled back in time? [...]
Boris Johnson refuses to resign and instead sacks Michael Gove July 6, 2022 Boris Johnson has ignored the calls of senior cabinet ministers and has refused to resign, leaving the government in crisis. Johnson appears to have lost the confidence of Conservative party MPs and has seen the resignation of more than 40 ministers and parliamentary private secretaries, MPs who work as assistants to ministers, leaving questions marks [...]
AS IT HAPPENED – LIVE BLOG: Boris Johnson clings on as Tory rebellion gathers pace July 6, 2022 The prime minister is under increasing pressure to quit amid a series of high-profile cabinet resignations over the last 48 hours. Over the course of Wednesday’s drama, we followed all the latest news, opinion and analysis from Westminster on ourCity AM’s live blog. From resignations and letters of support, to the latest policy changes and [...]
Javid calls on cabinet ministers to quit as Gove tells PM it’s time to go July 6, 2022 Sajid Javid has called on other cabinet ministers to leave Boris Johnson’s government and housing secretary Michael Gove has told the PM that it’s time to quit as his government collapses around him. In a blistering Commons speech, Javid said “treading the tight rope between loyalty and integrity has become impossible in recent months” and [...]
Pound still at lowest level since start of pandemic amid government chaos July 6, 2022 The British pound is at its lowest level since the start of the Covid pandemic in March 2020 as the UK government faces a political crisis. The pound has slid 0.6% today to $1.1883 as a wave of ministers resigned from Boris Johnson’s government. Sterling initially dropped more than a cent to below $1.20 for [...]
Petrol prices drop slightly for first time since April, but motoring associations say it’s not enough July 6, 2022 Petrol prices have slightly dropped for the first time since mid-April, according to reports from motoring association the AA. Figures have shown that the average price of a litre of petrol at UK pumps went down by 0.3p between Sunday and Monday. The price of petrol yesterday was around 191.3p, well below Sunday’s record price [...]
Zahawi to review planned Corporation Tax hike as PM clings on July 6, 2022 New chancellor Nadhim Zahawi has vowed to review a planned increase in Corporation Tax for the UK’s largest companies as Boris Johnson tries to cling onto power. Zahawi told the BBC today that “nothing was off the table”, including a potential scrapping of a planned increase in Corporation Tax for the UK’s largest firms from [...]
Wounded Boris Johnson in fight of his life after shock resignations: Westminster numb as UK wakes up with new chancellor July 6, 2022 After a night of high drama in Westminster, which saw a pair of Cabinet resignations and a series of Government exits threaten to force the Prime Minister from Number 10, Boris Johnson fights on this morning to save his premiership, or what is left of it. Rishi Sunak quit as chancellor on Tuesday, alongside Sajid [...]
Make-or-break day for Boris Johnson as Tory calls for PM to resign grow louder after Sunak and Javid flee cabinet July 6, 2022 Prime Minister Boris Johnson wakes up to growing calls to resign after a wave of Government exits, including Cabinet resignations, are threatening to end his time in No 10. Rishi Sunak and Sajid Javid resigned immediately after the Prime Minister apologised for giving former deputy chief whip Chris Pincher a top job despite knowledge of [...]
‘Game over, Boris’: Papers give merciless verdict after night of drama in Westminster with Sunak and Javid gone July 6, 2022 “Game over”, declares the headline of The Times’ this morning, which adds it “is a mistake” for the Prime Minister to continue clinging to power because he “has lost the confidence of his party and the country”. It is one of the merciless headlines this a.m. as the national mastheads paint a grim picture for [...]