Liz Truss: I ‘absolutely’ won’t cut UK public spending October 12, 2022 Liz Truss has said she “absolutely” will not cut government spending, despite expectations the chancellor is set to bring forward measures to balance the Budget this month. The Prime Minister told the House of Commons that “what we will make sure is over the medium-term the debt is falling” and that “we will do that, [...]
27 Insulate Britain protestors arrested during attempt to block Parliament Square October 12, 2022 Protestors are blocking the roads to Parliament Square, holding aloft banners and glueing themselves to the tarmac to prevent the police from removing them.
Truss to label China an official ‘threat’ to the UK for the first time October 12, 2022 Liz Truss is set to label China as a threat to the UK for the first time in a major shift in the government’s diplomatic position. Last year’s Integrated Review of foreign and defence policy under Boris Johnson said Russia was an “acute and direct threat”, but that China was only a “systemic competitor”. The [...]
UK economy on recession cliff edge as GDP unexpectedly shrinks October 12, 2022 The UK is staring over a recession cliff edge, caused by soaring inflation and rising interest rates, that will be lengthened by turmoil in financial markets, official figures published today revealed. The economy unexpectedly shrank 0.3 per cent over the month to August, according to the Office for National Statistics (ONS). Economists had expected gross [...]
Post-Brexit deal with India could be derailed over Braverman’s ‘disrespectful’ migrant comments October 12, 2022 Home Secretary Suella Braverman’s claim that Indian migrants are the largest group who “overstay” their welcome in the UK could derail Britain’s post-Brexit trade deal with New Delhi. Indian ministers are said to be furious with her remarks as the agreement is reportedly “on the verge of collapse”. She aired concerns about the deal last [...]
Exclusive: Ex Tory chair Baroness Warsi says PM Liz Truss should call a General Election October 12, 2022 A former chair of the Conservative Party has said Prime Minister Liz Truss should call a General Election. Speaking exclusively to Morning Wire, Baroness Sayeeda Warsi said prime minister Liz Truss either “had to just carry on with the 2019 manifesto – or go to the electorate” upon entering Number 10. “Because neither of those [...]
CMA and food safety regulators ‘struggling to recruit’ post-Brexit, says MPs October 12, 2022 British food safety and competition regulators are “struggling to recruit and retain the skills they need to regulate effectively” post-Brexit, according to a Westminster committee of MPs. A new report from the cross-party Public Accounts Committee (PAC) today said some regulators need more staff post-Brexit to handle new responsibilities, leading to labour shortages. This has [...]
City minister defends ‘safety valve’ call-in power over financial regulators October 11, 2022 A proposed new power that allows Whitehall to overrule financial regulators will only be a “safety valve”, City minister Andrew Griffith has said. Griffith told a Westminster committee today that the new call-in power would only be used “sparingly” in the face of concerns that it will reduce the independence of the UK’s regulators. The [...]
Nissan logs £613m hit as Japanese carmaker exits Russia and shuts factory October 11, 2022 Japanese carmaker Nissan has said it plans to sell its Russian operations to its local partner and withdraw from manufacturing there. The company said its executive committee approved the sale to Russia’s Central Research and Development Automobile and Engine Institute (NAMI). The sale includes Nissan’s factory and R&D facilities in St Petersburg and its sales [...]
Kwarteng promises ‘upbeat’ Halloween fiscal plan amid speculation of cuts October 11, 2022 Kwasi Kwarteng today promised his Halloween fiscal plan will be “upbeat” amid widespread speculation he will unveil spending cuts. The chancellor batted away a series of questions in the House of Commons around whether he will introduce real-terms cuts to benefits and promised more details would be unveiled on 31 October. The Treasury has said [...]