Truss backs Bank of England review to ensure ‘it is fit for purpose’ August 11, 2022 The biggest overhaul of the Bank of England in 25 years may be needed to ensure “it is fit for purpose,” Tory leadership front-runner Liz Truss’s campaign told City A.M. today. The comments represent an escalation in Truss’s drive to shake up the regime overseeing the Bank’s performance. She has promised to review Threadneedle Street’s [...]
New PM must push through City reform for finance to flourish, lobby groups say August 10, 2022 The new prime minister must push through a swathe of reforms to the City if the UK is to regain its place as the “world’s foremost international centre of finance”, a top lobby group warned today.
Rampant inflation to put public services under ‘visible strain’ unless government ramps up spending August 10, 2022 Rampant inflation is putting the NHS and other public services “under considerable, and visible, strain,” top economic experts have warned today. Government departments and local councils are set to struggle to provide services to taxpayers due to swelling costs eating up their budgets. Higher inflation will erode more than 40 per cent of announced funding [...]
Sunak and Truss’s room for tax cuts is ‘limited’, OECD warns August 3, 2022 Tory leadership hopefuls Liz Truss and Rishi Sunak’s room to cut taxes is limited, a top global economic institution said today. The Organisation for Economic Co-operation and Development (OECD) said an ageing society and the need to boost public sector investment to lift growth will keep government spending higher for decades, limiting “the scope for [...]
Businesses’ needs forgotten as Truss and Sunak up anti-immigration rhetoric August 1, 2022 As ballots start to land on the doormats of Conservative party members this morning, Liz Truss and Rishi Sunak have entered into what has been branded an “arms race” to tackle illegal migration. Both are playing a game of one-up-manship on who will limit the most people coming into the UK across the Channel. The [...]
Truss pledges to create ‘agriculture of the future’ by removing EU red tape August 1, 2022 Liz Triss will outline her plans today to remove EU regulations and make British farmers more competitive. The prime ministerial candidate will visit farmers in the southwest of England and highlight the “once in a lifetime opportunity” leaving the EU has given us to “truly unleash British food and farming”. She plans to ensure the [...]
Sunak’s pledge to fine NHS no-shows slammed by British Medical Association July 31, 2022 The British Medical Association (BMA) has today hit back at Rishi Sunak’s pledge to issue £10 fines to patients for missed GP appointments. The trade association said charging patients was not the answer to tackling the NHS backlog, and that it is “terribly disappointing that the candidates standing to be the next prime minister seem [...]
Sunak ‘the underdog’ hits out at ‘forces that be’ backing Truss July 23, 2022 Rishi Sunak has labelled himself as the “underdog” in the Tory leadership race, hitting out at the “forces that be” backing rival Liz Truss. “The forces that be want this to be a coronation for the other candidate,” the former Chancellor said during a speech in Grantham. “But I think members want a choice and [...]
Truss or Sunak will need to deliver ‘shot in the arm’ of UK economy July 22, 2022 Rishi Sunak or Liz Truss will need to deliver a “shot in the economic arm” of the country to lift Brits’ confidence out of the doldrums after one of them wins the Conservative leadership race, two closely watched surveys published today reveal. Scorching inflation, the highest interest rates in 13 years and tax hikes have [...]
Martin Lewis warns government of ‘financial time bomb’ as cost of living crisis worsens July 20, 2022 Martin Lewis warned the government of a “financial time bomb” due to explode in September as the UK’s cost of living crisis intensifies. The founder of MoneySavingExpert.com issued an “open video letter” to the current Conservative Party leadership candidates and warned of even higher energy costs and civil unrest as the UK struggles with record [...]