Truss backs Bank of England review to ensure ‘it is fit for purpose’ August 11, 2022 The biggest overhaul of the Bank of England in 25 years may be needed to ensure “it is fit for purpose,” Tory leadership front-runner Liz Truss’s campaign told Morning Wire today. The comments represent an escalation in Truss’s drive to shake up the regime overseeing the Bank’s performance. She has promised to review Threadneedle Street’s [...]
Tense Kenya still waits for new president after cliffhanger election: Ruto and Raila in neck and neck race August 11, 2022 NAIROBI – Millions of Kenyans are nervously awaiting the results of Tuesday’s presidential election, as day three of vote counting across the country gets underway. Since Tuesday evening an extremely close race has unfolded between the two main candidates for the presidency. Opposition leader Raila Odinga, who is backed by the outgoing president and seen [...]
Truss accused of U-turn as she opens up to idea of direct cost of living payments August 10, 2022 Liz Truss has been accused of performing another policy U-turn, after the Tory leadership frontrunner hinted she was open to giving households cash payments to ease the cost of living crisis. Sources on her campaign today said “there is work going on in government on what more can be done” to help people cope with [...]
Cliffhanger elections in Kenya: Establishment candidate Odinga widens lead over ‘Hustler’ Ruto August 10, 2022 Millions of Kenyans are glued to their TV screens and mobile phones today as an extremely close race is unfolding between the two main candidates for the presidency. Opposition leader Raila Odinga, who is backed by the outgoing president and seen as the establishment candidate, faces deputy president William Ruto, who styles himself as an [...]
Liz Truss summons Chinese ambassador over Taiwan ‘aggression’ August 10, 2022 Liz Truss has summoned China’s ambassador to the Foreign Office over Beijing’s military “escalation in the region around Taiwan”. Truss said she summoned the Chinese ambassador to “explain his country’s actions”, after President Xi Jinping ordered military drills that surrounded Taiwan last week. China’s People’s Liberation Army (PLA) launched five live-fire military drills in areas [...]
Brexit: Truss wants ‘call in’ power to allow ministers to overrule City regulators August 10, 2022 Liz Truss wants to give ministers the power to overrule decisions made by the UK’s financial services regulators in a move that is set to create serious tensions with the Bank of England. The Tory leadership frontrunner wants to revive the policy, which was recently ditched by the Treasury, as a part of the government’s [...]
Rampant inflation to put public services under ‘visible strain’ unless government ramps up spending August 10, 2022 Rampant inflation is putting the NHS and other public services “under considerable, and visible, strain,” top economic experts have warned today. Government departments and local councils are set to struggle to provide services to taxpayers due to swelling costs eating up their budgets. Higher inflation will erode more than 40 per cent of announced funding [...]
Johnson ‘certain’ next PM will give autumn cost of living help August 9, 2022 Boris Johnson has said he is “certain” the next Prime Minister will provide cost of living help this autumn and claimed the UK has “the fiscal firepower and the headroom to continue to look after people”. Johnson today said during a ceremony in the Downing Street garden that extra help is “absolutely vital” now that [...]
150,000 Brits join campaign to force govt to do more to tackle cost of living crisis August 9, 2022 A new campaign to press the Government to do more to tackle the cost-of-living crisis is backed by more than 150,000 people. Union leaders said the fact so many people signed up to the Enough is Enough campaign on its first day on Monday shows the popularity of the initiative. Dave Ward, general secretary of [...]
Today’s elections in Kenya: Meet Esther Passaris, not your average Nairobi household name August 9, 2022 It’s D-Day in Kenya as the country is holding its biggest election in years today. Polls opened at 7am this morning for more than 22m registered voters, who will today endorse their favourite candidates in 46,232 polling stations across the country. All eyes are on the top job, with outgoing President Jomo Kenyatta leaving government [...]