Liz Truss has not been prime minister for a month but her days in Number 10 already look numbered as calls for a general election intensify. The PM’s authority is immediately weakened by the major U-turn over scrapping the top rate of tax and disgruntled Conservative backbench MPs are smelling blood. Despite the size of […]
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Enough is Enough protests against the spiralling cost of living crisis will be held in 50 of the UK’s biggest cities and towns tomorrow (October 1) – the same day the new energy bill price cap begins. The campaign group’s first “national day of action” will see simultaneous events in London, Edinburgh, Cardiff, Birmingham, Glasgow, […]
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The pound has plummeted to its lowest ever level against the US dollar after the new Conservative government’s mini-budget collapsed confidence in the UK’s economic management. Early trading on Monday saw the pound plunge 5% against the dollar to just $1.03 before it managed to claw back two cents when London’s markets opened. Further turmoil […]
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The Labour party conference in Liverpool has started with a big boost from opinion polls putting them on course to win a 56-seat majority in the next general election. The latest poll by Savanta ComRes sees the Conservatives trailing Labour by 12 points, with the parties on 45% and 33% (the Liberal Democrats are on […]
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The pound and UK stock markets have plummeted providing an immediate reaction to chancellor Kwasi Kwarteng’s mini-budget aimed to stimulate economic growth. The £45 billion package of tax cuts announced today (September 23) is the biggest tax give-away for 50 years – but experts say that half the cuts in personal tax will line the […]
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Liz Truss’s mate, Dr Thérèse Coffey is the new cigar chomping, whisky swilling, real ale loving secretary of state for health and social care. Like many a doctor (medical and philosophical) – and many a politician too – the health secretary seems to be very much a “do as I say, not as I do” […]
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Liz Truss’s admission that Britain’s post-Brexit free trade deal with the US is years away is “terrible news” for the UK economy and an “embarrassment” for the prime minister, according to the Labour party. Prime minister Truss is in New York for the United Nations general assembly – her first foreign trip as prime minister […]
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Liz Truss’s chief of staff has been interviewed by the FBI about an alleged criminal plot to bribe a US politician and influence an election, the Sunday Times reports. Mark Fullbrook – the prime minister’s most senior aide – is linked to banker Julio Herrera Velutini who is accused of trying to bribe the governor […]
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Chancellor Kwasi Kwarteng will announce tax cuts worth £30 billion in an emergency budget focused on boosting economic growth. Prime minister Liz Truss vowed to make tax cuts during the Conservative leadership campaign to provide “immediate” help for families and business struggling with inflation and the cost of living crisis. The Times reports that her […]
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Former Shell worker Liz Truss has ruled out extending the windfall tax on energy companies’ £180 billion profits to help pay for her £130 billion plan to tackle soaring energy bills fuelling the UK’s cost of living crisis. Instead, Truss will borrow the eye watering amount, with taxpayers having to pay back the debt – […]
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