Britons will not be told to use less energy this winter because “we’re not a nanny state”, climate minister Graham Stuart said in response to news the UK faces blackouts this winter. Households and businesses have been warned of rolling blackouts by the National Grid if gas imports fail to keep up with demand in […]
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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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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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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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Priti Patel has stepped down as home secretary following the triumph of Liz Truss in the race to become the UK’s prime minister. Patel’s exit after three controversial years in the post is expected to be the first of several big name departures once Truss is installed as PM by the Queen at Balmoral on […]
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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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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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