A million households will be paying an extra £6,000 per year in mortgage costs by the end of 2026, the Bank of England has warned. Rising interest rates, hiked to tackle inflation, is increasing the pressure on mortgage holders and businesses. But in its report, the BoE said that while borrowers may struggle with rsising […]
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Rishi Sunak is under increasing pressure with growing numbers of disgruntled Conservative MPs rebelling over onshore wind farms, planning reforms and a proposed crackdown on overseas students. Former prime ministers Boris Johnson and Liz Truss signed a rebel amendment last week against Sunak’s de-facto ban on onshore wind farms. Cop26 president Alok Sharma also signed […]
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“Extremely serious” and “concerning” reports that Liz Truss’s phone was hacked by Russia must be investigated say Labour and the Liberal Democrats. Truss’s personal phone was allegedly hacked by Russian agents during the summer Tory leadership campaign. They accessed details of the then foreign secretary’s communications with cabinet colleagues, international allies and highly sensitive information. […]
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Rishi Sunak has reversed one of Liz Truss’s key policies by committing his government to the fracking ban. The new prime minister told the Commons he “stands by the manifesto” which pledged to ban fracking until science proves it is safe. Truss was toppled after trying to whip Tory MPs into lifting the moratorium on […]
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The UK’s new prime minister Rishi Sunak has warned the country that “there is no doubt we face a profound economic challenge.” In his first comments after being named PM Sunak said: “We now need stability and unity, and I will make it my utmost priority to bring our party and our country together.” Behind […]
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Rishi Sunak is set to become the UK’s third prime minister this year after Boris Johnson dropped out of the Conservative party leadership race. While Johnson never formally declared his candidacy, he withdrew from the leadership race despite claiming in a statement that he had “cleared the very high hurdle of 102 nominations” from Tory […]
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Liz Truss has been beaten by a blond wig wearing lettuce in a contest to find out which would last longest. As the prime minister took to the lecturn outside No 10 today to announce her inevitable exit from Downing Street, more than 20,000 viewers were live-streaming the historic moment, immortalised on YouTube by the […]
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According to some MPs, the PM has 12 hours to save her job. Her position yesterday became even more untenable after the resignation of Suella Braverman. At this point, the Conservative party is in utter disarray. The trouble is, no one knows how this will play out. All options open appear to end in electoral […]
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New chancellor Jeremy Hunt has announced almost every part of his predecessor’s mini-budget and fiscal policy will be reversed, including the two year £2,500 energy price cap, which will now only last for six months. Hunt said the government will end the cap on energy prices in April and “will reverse almost all the tax […]
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Sir Keir Starmer is calling for an immediate general election regardless of whether Liz Truss remains in No 10 or is forced out by her party. “Change in personnel at the top of the Tory party is not the change we need. We need a change of government,” said Starmer, after Truss sacked Kwasi Kwarteng […]
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