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, City PM 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 [...]
Final two need to lay out genuine plans for Britain’s economic future July 20, 2022 Congratulations to Rishi Sunak and Liz Truss, the two survivors in the Tory leadership race. When they look at the in-tray should they become Prime Minister, they may wonder if it was worth it. For on day one – whoever takes the gig – they will have to face up to the fact that Britain’s [...]
Rishi Sunak or Liz Truss will be the next UK Prime Minister July 20, 2022 Either Rishi Sunak or Liz Truss will be the UK’s next Prime Minister, after coming out top in a series of Conservative MP votes that finished this afternoon. Rishi Sunak picked up the most votes in the final round with 137, followed by Truss on 113 and Penny Mordaunt on 105. The next Conservative leader [...]
Brexit: UK lays foundation to scrap hundreds of EU financial services rules July 20, 2022 Ministers have today tabled landmark post-Brexit legislation in parliament that will lay the foundation to scrap hundreds of retained EU rules on financial services. The long-awaited Financial Services and Markets Bill sets up a mechanism to bin EU financial services regulations one-at-a-time and either replace them with completely new rules or with none at all. [...]
