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Truss told to be transparent over her plans for emergency cost-of-living budget

Liz Truss has been urged to be more transparent with her plans for an emergency budget to address the cost-of-living crisis. Tory leadership contest frontrunner Ms Truss has said she would bring forward urgent plans to address rising energy bills if ...

22 Aug 2022 at 13:57

Truss ‘promising the earth’ in bid to become PM, says Sunak

Rishi Sunak accused his Conservative leadership rival of “promising the earth to everybody” as he played down polling suggesting he is set to be defeated by Liz Truss. The former chancellor also fuelled speculation that he may decline to serve in ...

22 Aug 2022 at 15:15

Sunak supporters express alarm at tax-cutting plan amid market turmoil

Prominent supporters of Rishi Sunak have issued stark warnings about the Government’s economic strategy, echoing some of the concerns the former chancellor made on the campaign trail ahead of Liz Truss’s victory in the Tory leadership contest. ...

27 Sept 2022 at 16:34

Tory Treasury Committee chair flags ‘vast void at centre’ of statement

Conservative former ministers have expressed worries about the tax-cutting agenda laid out in the Chancellor’s financial statement. Conservative chair of the Treasury Select Committee Mel Stride said the statement had a “vast void at the ...

23 Sept 2022 at 13:33

Tory MPs under fire after rejecting calls for windfall tax on energy giants

Conservative MPs have been accused of siding with “profiteering oil and gas companies” as they voted down calls for a windfall tax to help ease cost-of-living concerns. Labour tabled a Queen’s Speech amendment asking for a new tax on ...

17 May 2022 at 21:25

Chancellor Rishi Sunak backs continued Bank of England independence

The Chancellor has indicated his support for continued Bank of England independence, telling MPs “whilst we do face challenges at the moment, the record of 25 years of central bank independence speaks for itself”. His comments came ...

17 May 2022 at 15:25

National insurance rise ‘absolutely vital’, PM declares as Tory opposition grows

Boris Johnson has defended the planned national insurance rise after reports suggested disgruntled Tory MPs want it scrapped as a condition for their continued support for the Prime Minister. A host of senior Conservatives, along ...

27 Jan 2022 at 15:25

City

MPs call for probe into leaking of ‘market-sensitive’ information before Budget

Politicians on an influential committee have accused the Government of leaking market-sensitive information in the run-up to the last Budget. MPs on the Treasury Select Committee criticised leaks of details about hikes to the ...

27 Jan 2022 at 01:25

City

Government not prioritising economic fraud, MPs warn

The Government must do more to prioritise economic crime and explain why legislation is being delayed, according to an influential group of MPs. The Treasury Select Committee said in a fresh report that ministers should ...

02 Feb 2022 at 02:25

Cross-party MPs demand Kwasi Kwarteng brings forward next ‘fiscal event’

An influential cross-party group of MPs has said the Chancellor should bring forward his next “fiscal event” and economic forecast after the market fallout from his mini-budget. The Treasury Select Committee, chaired ...

29 Sept 2022 at 19:01

Disability benefit assessment proposals are utterly unworkable, says charity

Government plans which could reportedly see disability benefits claimants asked to demonstrate what work they might be able to take have been described as “utterly unworkable” by a charity. Such claimants could ...

12 Jan 2023 at 17:20

Disability benefits could continue after return to work under new plans

Disability benefits claimants could continue receiving the payments after they return to employment under Government plans to get people back into the workforce. As part of the reforms, the system used to ...

12 Jan 2023 at 12:36

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