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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 billions to axe the 45% rate on earnings over £150,000 ...

03 Oct 2022 at 12:08

Ex-England star Neville due at conference as Labour sets out investment plan

A Labour government would create a state-owned investment fund to back projects which could generate wealth for the nation. Shadow chancellor Rachel Reeves will use her speech at the party’s conference in Liverpool to set out the plan, which would ...

26 Sept 2022 at 01:01

Labour pledges to use state-owned investment fund to ‘build British industry’

A Labour government would set up a state-owned investment fund so the British state could invest directly in productive projects and create a return for taxpayers, the shadow chancellor has said. Ahead of her speech at the Labour conference, ...

25 Sept 2022 at 23:30

Labour accuses Kwasi Kwarteng of ‘fanning flames’ of falling pound

Chancellor Kwasi Kwarteng “fanned the flames” of the plummeting pound by hinting at fresh “unfunded” tax cuts, his Labour shadow has said after sterling hit an all-time low against the dollar. Rachel Reeves accused ministers of recklessly ...

26 Sept 2022 at 12:28

Labour presents alternative to ‘out of control’ Tories after market chaos

Labour sought to portray itself as a responsible alternative government as market panic continued over Kwasi Kwarteng’s mini-budget. Shadow chancellor Rachel Reeves said Labour would reinstate the top income tax rate of 45% on earnings ...

26 Sept 2022 at 20:15

First edition hardback of Harry Potter to be sold for up to £150,000 at auction

A first edition hardback copy of Harry Potter And The Philosopher’s Stone is expected to fetch up to £150,000 when it goes under the hammer in November. The book will be sold alongside franchise star Daniel Radcliffe’s “Hero Wand” ...

27 Sept 2022 at 08:58

Demands for Chancellor to make emergency statement amid market turmoil

Liz Truss and Kwasi Kwarteng faced demands to recall the House of Commons in an attempt to calm markets following the chaos unleashed by the Chancellor’s mini-budget. The Bank of England was forced to take emergency action, ...

28 Sept 2022 at 14:07

Labour demands recall of Parliament after Kwarteng’s mini-budget triggers chaos

Liz Truss and Kwasi Kwarteng faced demands from the main opposition parties to recall the House of Commons in an attempt to calm markets following the chaos unleashed by the Chancellor’s mini-budget. The Bank of England ...

28 Sept 2022 at 15:07

Judge names youths as he jails them for life for murder of ‘vulnerable’ musician

A judge has named two “pure evil” 17-year-old boys as he jailed them for life to serve a minimum of 18 years for the “brutal” murder of a “vulnerable” musician. Mr Justice Sweeney lifted reporting restrictions at ...

28 Sept 2022 at 18:20

Liz Truss tax plans ‘profoundly unconservative’ says former Tory MSP

A former Tory MSP has described UK Government tax plans as “profoundly unconservative” as he said the UK “needs a Labour government”. Professor Adam Tomkins, who left Holyrood last year after one term to return ...

28 Sept 2022 at 15:35

Business leaders join calls for emergency cost-of-living support

The Government must have “all hands to the pump” to address the cost-of-living crisis ahead of the autumn, business leaders have warned. Tony Danker, director general of the Confederation of British Industry ...

08 Aug 2022 at 16:11

Labour pledges to address ‘unjustifiable’ costs of prepayment energy meters

Labour has said it wants to put a stop to “outrageous” premiums that energy prepayment meter customers face. Shadow chancellor Rachel Reeves said Labour would end the “unjustifiable” practice that can ...

11 Aug 2022 at 23:30

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