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Truss promises to make ‘hard choices’ in search for economic growth

Liz Truss said she would make the “difficult but necessary” choices to get economic growth, but was heckled by environmental campaigners during her first conference speech as Tory leader. The Prime Minister promised to steer the country through the ...

05 Oct 2022 at 16:14

Chancellor to hold talks with bank chiefs amid mortgage rate surge

The Chancellor is to meet with the UK’s banks and building societies amid turmoil in the mortgage sector sparked by the mini-budget market chaos. Kwasi Kwarteng will sit down with senior executives from high street lenders and the largest ...

06 Oct 2022 at 09:33

Councils: Delay social care reforms as sector faces ‘perfect storm’ in next year

County councils in England say long-awaited social care reforms should be delayed due to the sector facing a “perfect storm” of staffing and financial pressures. Reforms to protect against unsustainable care costs and make more people ...

06 Oct 2022 at 09:16

Man with electric wheelchair ‘frightened’ by prospect of real-terms benefits cut

A disabled man who is unable to charge his wheelchair as the cost of living soars has said he is “frightened” by the prospect of a real-terms cut to benefits. Peter Wilson, 54, from Hull in East Yorkshire, is unable to work due to ...

06 Oct 2022 at 11:42

Liz Truss: After a torrid Tory conference, what next for the Prime Minister?

After a torrid Tory conference, there is likely to be no let-up for Liz Truss as she seeks to return some stability to her premiership. In a short speech to the Conservative Party’s conference, the Prime Minister sought to ...

05 Oct 2022 at 15:36

Volatility of sterling disrupts winter sun holiday planning – survey

The sterling’s volatility is affecting the plans of millions of people planning winter sun holidays, a new survey has suggested. The plans of 59% of UK adults previously considering booking a foreign holiday have been ...

08 Oct 2022 at 01:01

City

Oil majors save FTSE from heavier losses after Opec moves to slash production

Decisions taken by oil-producing countries in Vienna helped save London’s FTSE 100 from a sharper drop on Wednesday as BP and Shell saved the index from the malaise seen elsewhere around the world. By the closing ...

05 Oct 2022 at 18:33

Kwasi Kwarteng: We must ‘stay the course’ with tax-cutting plan

Kwasi Kwarteng will seek to calm the markets, defend his plan to boost UK economic growth and secure his position as Chancellor in a crunch Conservative Party conference speech. The Chancellor’s mini-budget ...

02 Oct 2022 at 23:30

UK Government’s tax rate U-turn shows ‘utter ineptitude’, says Sturgeon

The Chancellor’s tax U-turn shows the “utter ineptitude” of the UK Government, Scotland’s First Minister has said. Kwasi Kwarteng announced early on Monday that the scrapping of the top rate of tax would ...

03 Oct 2022 at 10:24

Kwasi Kwarteng: ‘Difficult call’ to attend post-budget drinks party

Kwasi Kwarteng said he “gets how it looks” after it emerged he had a drinks party with financiers on the day of the mini-budget. The Chancellor said that “with hindsight it probably wasn’t the best day ...

03 Oct 2022 at 09:43

Liz Truss and Kwasi Kwarteng U-turn on scrapping 45p tax rate

Liz Truss and Kwasi Kwarteng have abandoned a plan to abolish the top rate of income tax for the highest earners in an astonishing U-turn. The Chancellor acknowledged that their desire to borrow ...

03 Oct 2022 at 12:08

Chancellor expected to U-turn on scrapping 45p tax rate

Chancellor Kwasi Kwarteng is expected to make an astonishing U-turn over the abolition of the top rate of income tax for the highest earners. Mr Kwarteng is believed to be preparing to issue a ...

03 Oct 2022 at 08:29

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