“In Northern Ireland, Sinn Fein remains keen to drive a wedge between Northern Ireland and Great Britain and push itself further and further away. “In Scotland, instead of meeting the priorities of the people, the SNPs are working on independence.” Ms Truss said she would “open new markets” for “Scotch whisky, Welsh lamb and ships … Read more
Looming power cuts, skyrocketing bills, water shortages, dysfunctional public services, skyrocketing taxes, a failing economy: Britain’s crisis, our dizzying, seemingly accelerating decline, is tragic but not surprising. We are approaching the endgame, the final denouement, of a quarter of a century of political, intellectual and moral failure to which most of our political class has … Read more
Both hopeful Tory leaders are under mounting pressure to reveal more financial support for households facing energy bills over £4,200 this winter. The IFS said tackling Mr Sunak’s stealth tax would do more to increase incomes than lower general tax rates. “By lowering the rate of national insurance contributions while raising tens of billions more … Read more
There are new concerns for the Queen’s health after she had to cancel an annual event on the royal calendar. Her Majesty, 96, spends her summers in Balmoral, Scotland, traditionally holding a welcoming ceremony outside the castle in Aberdeenshire. But the event was canceled on Sunday and replaced by a smaller gathering, where she inspected … Read more
Liz Truss’ supporter Brandon Lewis clashed with Radio 4’s Nick Robinson on Monday over the Tory leadership’s hopeful claim that she would not give “handouts”. Truss then said she would refuse “handouts” to help the public cope — a claim her supporters have since claimed to be “misinterpreted” — and instead wants to cut taxes … Read more
A government source admitted: “The main problem with snap taxes is their unpredictable nature. Companies want certainty and a windfall tax can make the difference between a project that goes ahead or not.” However, an impact assessment last month by HM Revenue and Customs for the Treasury shows that the levy will not hit the … Read more
l iz Truss has said she would help people with the cost of living crisis by cutting taxes and not giving “handouts.” The hopeful Tory leadership was asked if they would offer more help with rising fuel bills this winter if they become the next prime minister. The secretary of state told the Financial Times … Read more
The second reason is that Liz understands that the status quo is not an option in times of crisis. To quote the excellent economist Sam Bowman, we need a “booster” attitude to the economy, not a “doomster” attitude, to address the problems of the cost of living and the challenges we face on the global … Read more
The policy seems to have completely lost sight of the Tory’s primary goal, which is to provide a predictable, sensibly regulated, moderately taxed economy that allows businesses and enterprises to prosper. Without the continued hopelessness of the opposition, voters would already be saying, like Leon Trotsky of the Mensheviks, go where you belong – to … Read more
It is clear that a Truss government would seek to abolish the joint Number 10/Number 11 economic unit founded by Dominic Cummings because it does not believe it has led to effective economic policy making. Ms. Truss plans to work closely with her Chancellor and work as one team, according to sources, but with a … Read more