Truss or Sunak will need to deliver ‘shot in the arm’ of UK economy July 22, 2022 Rishi Sunak or Liz Truss will need to deliver a “shot in the economic arm” of the country to lift Brits’ confidence out of the doldrums after one of them wins the Conservative leadership race, two closely watched surveys published today reveal. Scorching inflation, the highest interest rates in 13 years and tax hikes have [...]
Tory leadership race: New poll gives Truss big lead over Sunak July 21, 2022 Rishi Sunak and Liz Truss duelled over their tax plans today as a new poll gave the foreign secretary a commanding lead in the Tory leadership race. A YouGov poll of Tory members put Truss on 62 per cent and Sunak on 38 per cent on the first day of a six-week campaign to become [...]
UK risks moving backwards in science amid government turmoil, say industry leaders July 21, 2022 The government’s pledge to make the UK a science superpower by 2030 is in “disarray”, after the minister responsible resigned earlier this month. Science minister George Freeman exited his position on 7 July, amid a rebellion against prime minister Boris Johnson. Andrew Catchpole, chief scientific officer at London-listed Open Orphan, which ran tests on Covid-19 [...]
Exclusive: Mordaunt accused of misleading parliament over committee record July 21, 2022 Defeated Tory leadership candidate Penny Mordaunt has been accused of misleading the House of Commons over her record as a trade minister, Morning Wire can reveal. Mordaunt today said she had never turned down an appearance request at Westminster’s International Trade Committee in an apparent jab at trade secretary Anne-Marie Trevelyan, who has turned down [...]
Truss pledges immediate tax relief review for stay-at-home parents July 21, 2022 Liz Truss has pledged to conduct an immediate review into providing tax relief for stay-at-home parents and carers if she is made Prime Minister. The foreign secretary said she would look at treating households as “single tax entities” so that “people aren’t penalised for taking time out of work to care for family or their [...]
Travellers to the UK will answer ‘suitability questions’ and undergo ‘automated border screening’ in new immigration plans July 21, 2022 Travellers to the UK will need to answer a set of “suitability questions” and have “automated border screening” without speaking to border force agents as part of the Home Office’s new immigration plans. Home Secretary Priti Patel set out the plans today as part of the country’s new “contactless” digital border. The Permission to Travel [...]
Penny Mordaunt hits back at Anne-Marie Trevelyan over ‘work ethic’ jibes July 21, 2022 Fallen Tory leadership contender Penny Mordaunt has mocked her ministerial boss Anne-Marie Trevelyan today, after she was the victim of a series of attacks about her “work ethic” during the campaign. Mordaunt, a trade minister, said she was “amazed to find myself” in the House of Commons chamber after Trevelyan, the trade secretary, questioned her [...]
Tory leadership race: Truss claims her tax cuts would decrease inflation July 21, 2022 Liz Truss has today claimed her plan to introduce tax cuts worth £30bn+ would “decrease inflation” as she begins her campaign to win over Tory party members and become Prime Minister. The foreign secretary denied claims by economists, and her leadership rival Rishi Sunak, that her tax plans would further fuel the UK’s 40-year high [...]
Scorching inflation sends UK debt interest bill to record-high £19bn July 21, 2022 Scorching inflation has ballooned the UK’s debt interest bill to its highest level since records began in the early 1990s, official figures published today revealed. The amount of money the UK had to pay investors holding government debt in June more than doubled over the last year, topping £19bn, up from £9.1bn in June 2021, [...]
Liz Truss warns Rishi Sunak’s tax plans lead UK into recession as she is out to challenge ‘economic orthodoxy’ July 21, 2022 Tory leadership contender Liz Truss insisted this a.m. that her economic plan to cut taxes immediately is not a gamble and will not further fuel inflation. Truss warned that the current tax plans – which include an increase in corporation tax from 19 per cent to 25per cent in April – will lead the UK [...]