This is not sound money. It’s socialism

There’s a new word doing the rounds to describe the Tories following Jeremy Hunt’s £55bn tax and spending autumn statement and it’s not very pleasant to read. ‘Consocialists’ was a term first coined by Reform leader Richard Tice to encapsulate the left-wing movement of the once Thatcherian party, but following Thursday’s unprecedented tax grab, it … Read more

Rishi Sunak could freeze foreign aid to balance Britain’s books

Rishi Sunak is considering freezing Britain’s foreign aid budget for another two years in a bid to balance Britain’s books. The amount the UK spends on international development has been set at 0.5 percent of national income, but was expected to return to the usual level of 0.7 percent in 2024-25. However, officials are considering … Read more

Rishi Sunak becomes UK Prime Minister after meeting King Charles

Rishi Sunak has become the UK’s new Prime Minister – the third in 50 days – after meeting King Charles at Buckingham Palace. The new prime minister had a brief meeting with the monarch minutes after Liz Truss met Charles to step down. He becomes Britain’s first Asian Prime Minister and is the first practicing … Read more

Rishi Sunak Becomes Britain’s New Prime Minister After Penny Mordaunt Admits

Rishi Sunak becomes the first British Prime Minister of Indian descent after winning the Conservative Party leadership. Most important points: Rishi Sunak becomes Britain’s 57th Prime Minister after securing Conservative Party leadership Leadership rival Penny Mordaunt withdrew from the contest shortly before the final nominations were due Sunak replaces Liz Truss, who becomes Britain’s shortest-serving … Read more

Calm and Competent Rishi Sunak Can Save the Conservative Party

As chairman of the Treasury’s selection committee, I support Rishi Sunak to become the next Prime Minister and leader of the Conservative Party. I support him because we need to restore our economic credibility – in the eyes of the world, for the good of the people we serve. First of all, we must continue … Read more

It was the energy bailout that blew up Trussonomics

Liz Truss has made many turns – on regional pay boards; corporate tax does not rise; income tax will be reduced from 2023; the top rate will be abolished. But by far her biggest was announced immediately when she became prime minister. She stood on a platform of “no benefits” in response to the energy … Read more

The anti-growths will turn us into East Germany

Readers of my generation will remember the children’s programs Trumpton and Camberwick Green, a lovely vision of life in an English village depicted with dolls. There is almost no traffic, the power comes from a windmill, no one ever leaves the village and the storylines revolve around disasters such as a water shortage or a … Read more

After the tax’s U-turn, British Prime Minister Liz Truss pledges to steer Britain through ‘stormy days’

New British Prime Minister Liz Truss has vowed to see Britain through “stormy days” and transform its economy, fighting to restore her authority over a rebel party after a chaotic first month in office. Most important points: Liz Truss says her plan will revive growth and unite a divided country M People’s ‘Moving on UP’ … Read more

UK flips over tax cut for rich that sparked market turmoil

The UK government has dropped plans to cut income taxes on top earners as part of a package of unfunded austerity measures that have fueled financial market turmoil and sent the pound to record lows. Most important points: Chancellor Kwasi Kwarteng says he will now not scrap the top 45 percent income tax rate paid … Read more

Liz Truss and Kwasi Kwarteng have driven our economy off a cliff

The reason companies are concerned about rising interest rates is not because of the necessary energy bill measures. It’s because the biggest companies got a totally unfunded £17 billion corporate tax cut that they didn’t ask for. To say otherwise is nonsense, insulting, a fraud of the British people. For the vast majority of those … Read more