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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The UK’s 56th prime minister will finally be announced on Monday and installed by the Queen (in Scotland) on Tuesday after an unnecessarily long, drawn out leadership campaign. As an exercise in navel-gazing during a summer of social, political and economic crises, it is unrivalled. Liz Truss is the blue-hot favourite to replace Boris Johnson […]
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Councils across Britain are looking at opening “warm banks” to provide places for people struggling to pay their energy bills this winter. Art galleries, museums and libraries will all become refuges when bills soar to more than £3,500 in October – three times more than the cost last winter. Some 8.9 million households are predicted […]
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UK energy bills will rise from £1,971 to £3,549 in October with Ofgem today confirming the 80% hike. Household bills are forecast to soar even further in 2023 with warnings already made that “people will die” because of the rises. Energy consultants Cornwall Insight predict the average gas and electricity will increase to £5,386 in […]
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Labour is extending its lead over the Conservative party and is now perceived as being less extreme and more economically competent than the Tories. Sir Keir Starmer’s party has taken a 15% lead over the Tories, according to the latest YouGov poll which puts the Tories on 28% – a 2% fall in a week […]
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