Tory leadership: Zahawi says he’ll cancel Corporation Tax hike if made PM July 11, 2022 New chancellor Nadhim Zahawi has said he has already “set the wheels in motion” to cancel a planned Corporation Tax hike if made Prime Minister as he proposes a swathe of tax cuts to launch his Tory leadership bid. Zahawi told a Westminster event this afternoon that he would also cut the basic rate of [...]
Revealed: More than 100 MPs pocket at least £2.6m per year by renting out hundreds of properties July 11, 2022 Just over 100 members of parliament make at least £2.6m per year between them by renting out properties in London and across the UK. According to new research, based on parliamentary disclosures published in September 2021, 177 MPs own at least 312 residential properties, nearly a third of all MPs. Those are properties they own [...]
Tory leadership race: Johnson refuses to ‘damage anybody’s chances’ by making endorsement July 11, 2022 Boris Johnson has said he does not want to “damage anybody’s chances” of winning the Tory leadership race by making an endorsement. The Prime Minister said he wanted to “let the party decide, let them get on with it”, after a flood of Tory MPs over the weekend announced their campaigns to become the next [...]
Tory MP Jamie Wallis was wearing leather mini-skirt and high heels during late-night car crash July 11, 2022 Tory MP Jamie Wallis, who has represented Bridgend since 2019, was wearing a “black leather mini-skirt” and “high heels” when he was involved in a late-night car crash, a court heard this afternoon. Wallis is on trial accused of failing to stop, failing to report a road traffic collision, driving without due care and attention [...]
£134bn: Biggest rise in tax receipts since 2000 gives chancellor room to make cuts July 11, 2022 The new chancellor of the exchequer may have leeway for tax cuts, after a £134bn spike in so-called ‘stealth ‘ taxes. There was the biggest increase in receipts since the turn of the century over the last 12 months, up to £718bn, representing a 23 per cent increase on the previous year. The rise from [...]
Nadhim Zahawi: ‘I don’t know how rich I am’ July 11, 2022 Tory leadership hopeful Nadhim Zahawi was unable to say how rich he is, but insisted he and his family have never used offshore firms to avoid tax. The Iraqi-born politician who is one of 11 candidates in the race made his comments during an interview with Sky News, as he committed to publish his tax [...]
Then there were 11: Live TV debate for Tory leader to be held as Liz Truss throws hat into ring July 11, 2022 Sky News will host the first live television debate for the new leader of the Conservative Party and the next Prime Minister.
Oil price spike to push up airline fares in long-term, warns Willie Walsh July 11, 2022 THE HIGHER price of oil will be reflected in increased airline fares, the boss of the international industry body warned yesterday. “Oil is the single biggest element of an airline’s cost base. It is inevitable that ultimately the high oil prices will be passed through to consumers,” Willie Walsh, chief executive of the International Air [...]
Policy matters but it’s philosophy not details this contest should uncover July 11, 2022 The headline on our front page – about the Tories’ row over tax cuts – is not strictly correct. The argument is instead about cancelling a proposed tax hike – corporation tax’s increase to 25 per cent – or reversing another recent increase, to national insurance. Alas that nuance doesn’t fit into a headline, so [...]
Tory leadership: Tax row kicks off battle in earnest as Javid and Hunt hit back at Sunak July 10, 2022 THE BATTLE to become Prime Minister began in earnest this weekend with a row over whether Britain should cut taxes. There are now nine declared candidates to become Boris Johnson’s successors – with a tenth, foreign secretary Liz Truss, expected to join them later today or tomorrow. Yesterday saw a host of pledges to cut [...]