Energy bills rise to record highs despite Government support October 1, 2022 Household energy bills have climbed to all-time highs for millions of Brits today, despite a Government cap on costs per unit.
Govt must decide which ‘unpleasant combination’ of investment and benefit cuts will fuel mini-budget September 30, 2022 The government will have to decide which “unpleasant combination” of investment and benefit cuts will fuel its mini-budget stimulus package. a leading think tank has said. Prime Minister Liz Truss is appearing to stick with to Chancellor Kwasi Kwarteng’s mini-budget plans, despite the Tories sinking in the polls overnight with YouGov saying Labour now has [...]
Tories prepare for annual party conference as polling results sink September 29, 2022 The Tories are preparing for the party’s annual conference next week under a cloud of turmoil and infighting as new polling puts them 33 points behind Labour. Liz Truss’ first party conference as Prime Minister comes at a time of crisis, with her own MPs in open revolt against her and financial markets reacting badly [...]
The Financial Services and Markets Bill – second reading September 29, 2022 Lord Chris Holmes of Richmond explains the government's 335-page Financial Services Bill and what it means for crypto assets.
Truss and Kwarteng face Tory backlash as they refuse to back down over tax plan September 28, 2022 Kwasi Kwarteng and Liz Truss are facing open rebellion from parts of the Tory backbenches as MPs call for the pair to make a dramatic U-turn on their tax plan. Some Conservative MPs are already anonymously briefing to media outlets that the chancellor should be sacked, while one, Simon Hoare, broke cover to say the [...]
City minister says government not at fault for markets turmoil September 28, 2022 City minister Andrew Griffith has said the past week’s financial markets turmoil is not the government’s fault as a Tory backlash against the Prime Minister builds. Griffith told Sky news that “every major economy is dealing” with market volatility, after the Bank of England made a stunning decision today to start buying up UK gilts [...]
Competition does not mean ‘regulatory race to the bottom’, banking watchdog warns September 27, 2022 The UK’s banking watchdog warned it will not engage in a “regulatory race to the bottom” today as Liz Truss and Kwasi Kwarteng prepare to shake up UK financial rules in a bid to boost growth.
SSE will back UK projects with fresh profits September 27, 2022 SSE has committed to reinvesting any further earnings from ultra-high wholesale power prices into building new domestic energy assets.
Kwasi’s gamble to settle the score on the size of the state September 26, 2022 Neither Kwarteng or Truss are fools, even if they are gamblers. They know we cannot go back to the time when citizens were left to fend for
Luxury retailers to push for tax cut acceleration ahead of coronation September 25, 2022 Luxury retailers in the West End are eager to elevate the shopping destination among its global rivals by appealing for tax changes to be accelerated. After the Chancellor suggested VAT-free shopping could boost the retail heartland from 2024 last week, the Association of International Retail said could be introduced in the next six months. The [...]