EXCLUSIVE: New PM Liz Truss will protect ‘crown jewel’ Canada September 6, 2022 Liz Truss will “empower the City to drive economic growth” through tax cuts and regulatory reform as Prime Minister, she exclusively told Morning Wire. The newly-appointed Conservative leader said, who will be appointed formally by Her Majesty the Queen at Balmoral today, she wanted to maintain the Square Mile’s competitive edge and “supercharge growth and [...]
Liz Truss set to outline £40bn package to help businesses with energy bills September 6, 2022 Liz Truss is reportedly set to outline a £40bn support package for businesses struggling with soaring energy bills in the coming weeks. The incoming Prime Minister is mulling over two options – setting a fixed energy price for businesses or a flat percentage discount that energy suppliers must offer to companies. Bloomberg reports that the [...]
Goodbye Boris Johnson: Final speech as Prime Minister in full September 6, 2022 The Prime Minister said goodbye for the last time this morning at 7.30am. Here is Boris Johnson’s leaving speech in full: “Thank you. Well, this is it, folks. Thank you everybody for coming out so early this morning. In only a couple of hours I will be in Balmoral to see Her Majesty the Queen [...]
Boris Johnson’s farewell speech at Number 10 gives unity call: ‘It’s time for politics to be over’ September 6, 2022 Outgoing prime minister Boris Johnson’s farewell speech offered a unity call to his successor Liz Truss’s government, saying it’s “time for politics to be over” and for the party to stop infighting. In a brief early-morning address to a packed crowd outside the famous black door of Number 10, Boris Johnson said the torch had [...]
STV: Scottish broadcaster has revenue and profit boost as it beats streaming challenge September 6, 2022 Scottish broadcaster STV experienced a boost in revenue and profit in the first half of 2022, driven by a focus on streaming and local advertising. The most popular peak-time channel for four years running, at 22.2 per cent, had a three per cent increase in revenue up until June 2022, up from £60.3m, while its [...]
Liz Truss is new PM: Johnson loyalists Patel, Dories and Tory co-chair quit September 5, 2022 Three senior Conservative and Boris Johnson loyalists quit their roles ahead of Liz Truss being sworn in as prime minister. Priti Patel, the Home Secretary, Nadine Dorries, the Secretary of State for Digital, Culture, Media and Sport, and Ben Elliott, the Johnson-appointed co-chair of the Party, announced they quit their roles. Patel took to Twitter [...]
Liz Truss: New PM can be radical – but she’ll need to keep sceptical markets onside September 5, 2022 As she gets used to the new letterhead on her stationery over the next couple of days, Liz Truss will also be introduced to the art of the balancing act. The job of Prime Minister requires different skills from that of a successful Cabinet minister, on whom it is beholden to drive forward their own [...]
Truss urged by City to keep bank tax cut to boost competitiveness September 5, 2022 Liz Truss has been urged by City figures to slash taxes on banks amid speculation the incoming Prime Minister could lighten the tax burden for UK firms. Ex-chancellor Rishi Sunak last year announced a cut in the UK bank surcharge on profits from 8 to 3 per cent to offset the effect of a planned [...]
Government delays national security call on Nexperia’s takeover of Newport Wafer September 5, 2022 The government has pushed back its decision to approve or block the £63m takeover of the UK’s biggest computer chip maker by Chinese-owned Nexperia. Business secretary Kwasi Kwarteng had been expected to publish his decision on the deal for Newport Wafer Fab today, using fresh powers from the National Security and Investment Act which passed [...]
Liz Truss to become Britain’s next Prime Minister after winning Tory leadership race September 5, 2022 Liz Truss will be crowned as the UK’s new Prime Minister tomorrow, after winning the Conservative party leadership contest. Truss today beat out rival Rishi Sunak at the end of the two-month contest and will be appointed as Prime Minister by the Queen tomorrow in Balmoral. Truss won just over 57 per cent of the [...]