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. [...]
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, [...]
Leaked recording reveals Liz Truss saying UK workers lack ‘skill and application’, need more ‘graft’ August 17, 2022 A leaked recording has revealed Tory leadership frontrunner Liz Truss saying UK workers lacked “skill and application” compared to foreign rivals. The foreign secretary made her comments before 2019 when she was number two in the treasury, and was questioned about it last night during a feisty hustings in Peth. The recording, originally published by [...]
Truss has 32-point lead over Sunak in latest poll of Tory members August 17, 2022 Liz Truss is still leading Rishi Sunak by 32 points in the latest poll of Tory members as the foreign secretary inches closer to becoming Prime Minister. The ConservativeHome poll, out today, showed Truss was on 60 per cent and Sunak was on 28 per cent. The latest result is consistent with a string of [...]
The Conservative case for net zero is the only one that makes sense to cut our bills August 17, 2022 Only the Conservatives can meaningfully make the UK net zero without overzealous intervention.