Alister Jack has claimed the biggest tax cuts in the United Kingdom since 1972, funded by £72 billion a year in borrowing, are "small".
Alister Jack has claimed the biggest tax cuts in the United Kingdom since 1972, funded by £72 billion a year in borrowing, are "small".
A Tory minister has been mocked after he refused to accept that Liz Truss and Kwasi Kwarteng were "peddling fantasy economics" during the mini budget.
During a time of financial crisis there is one person that many people turn to for advice - and that is Martin Lewis. The Money Saving Expert founder often offers reliable, up-to-date guidance for those struggling in the midst of the cost of living crisis, but today (September 28) it appeared the finance guru became lost for words.
The Scottish Conservatives have been accused of "hypocrisy" for supporting Liz Truss's tax cuts for the wealthy, despite several MSPs refusing to vote for her as leader. A group of prominent Tories endorsed Rishi Sunak's leadership campaign - which promised a focus on tackling inflation - before quickly embracing the new Prime Minister after the former Chancellor lost earlier this month.
MP Rupa Huq has been suspended from the Labour Party after she was heard describing the chancellor, Kwasi Kwarteng, as "superficially" black.
A beautiful new photograph of the late Her Majesty the Queen has been released. In the black and white picture is a young Queen Elizabeth looking up at the camera.The portrait was taken by Dorothy Wilding, and was the first official sitting of the late monarch after she took the throne.The release of the photo comes as the Royal Family return to their duties today, Tuesday 27 September.
First-time buyers are amongst those struggling to afford their own home amidst the cost of living crisis. According to Rightmove, the average monthly mortgage payment for new first-time buyers who are putting down a 10 per cent deposit has now reached £1,057.
The pound has fallen to a record low on international currency markets after Kwasi Kwarteng, announced the UK’s biggest tax cuts in 50 years last Friday.
Tory tax cuts for the richest have left the UK's public finances in "a very dangerous place", John Swinney has warned.
The British pound fell to an all-time low against the dollar as markets reacted to the UK’s biggest tax cuts in 50 years.
The pound has hit an all-time low against the dollar while Chancellor Kwasi Kwarteng has defended his tax cuts, which benefit high earners most. Sterling slumped last Friday (September 23) moments after the new Chancellor revealed his 'mini-budget' in the House of Commons.
A National Trust boss has hit out at the Government’s latest plans that are going ‘in the opposite direction’ to supporting the environment. The organisation believes that the recent Investment Zones announcement made by new Chancellor Kwasi Kwarteng on Friday could lead to harm for green spaces.
RMT general secretary Mick Lynch has described his first meeting with new Transport Secretary Anne-Marie Trevelyan as a 'good meeting with a positive attitude'. Rail strikes are planned for October 1, 5, and 8, as the long-running dispute over pay and conditions rumbles on.
Prime Minister Liz Truss has defended her Government's controversial tax cuts as she vowed to 'usher in a decade of dynamism'. Truss has come under fire from Labour who accused the Prime Minister and Chancellor Kwasi Kwarteng of gambling with people’s finances in 'casino economics', and claimed their 'trickle-down' approach will leave the next generation worse off.
Sir Keir Starmer has accused the Government of 'gambling with people's finances and mortgages' with its 'casino economics'. Speaking before his party's annual conference in Liverpool the Labour leader said Prime Minister Liz Truss and Chancellor Kwasi Kwarteng had shown their 'true colours' with their raft of tax cuts that mainly benefit the wealthy.
A shocking average of 242 incidents of crime and anti-social behaviour PER MONTH were reported on and around Greater Manchester's Metrolink network over the last 12 months, new figures reveal. That equates to an annual total of 2,904 - or around 60 reports every week.
Labour leaders in Greater Manchester have been reacting with anger to the mini-budget announced by the government this morning. Kwasi Kwarteng lifted the cap on bankers bonuses and scrapped the highest tax rate for those earning £150k a year, as well as a raft of other tax cuts, in a controversial budget today.
A man was taken to hospital after a crash between a tractor and a car in Bury this morning.
The government has outlined its mini-budget and, despite what its name suggests, the announcement was far from small and featured lots of changes that will affect people up and down the country. In particular, one big shake-up is coming to those on Universal Credit, with Chancellor Kwasi Kwarteng revealing that more than 100,000 people on benefits are likely to be affected by the change.
The UK Government has a new prime minister in Liz Truss and a new Chancellor in Kwasi Kwarteng.
Martin Lewis called the government’s mini-budget statement ‘staggering’ as he analysed the news on Twitter. Chancellor Kwasi Kwarteng delivered the announcement in the House of Commons on Friday morning.
Chancellor Kwasi Kwarteng has this morning confirmed the increase to National Insurance contributions that came into effect earlier this year will be reversed from November 6.
Nicola Sturgeon has warned the rich will be "laughing all the way to the bank" after the UK Government slashed taxes for the wealthy today.
The chancellor has this morning set out the government's plan to 'solve the riddle of growth' and to help people with the cost-of-living crisis with widespread tax cuts for the highest earners in a 'new era'. Kwasi Kwarteng delivered the government's mini budget to the House of Commons as he announced expected caps to rising energy bills and lifting the cap on bankers bonuses.
The government have announced a cut to stamp duty tax as part of a wider set of economic measures aimed at easing inflation.
The Chancellor unveiled a new wave of economic measures being introduced by the government in the House of Commons today.
The UK is heading for the biggest era of borrowing and tax cuts since the 1980s after Tory Chancellor Kwasi Kwarteng slashed corporate and personal tax rates for the very rich.
Chancellor Kwasi Kwarteng will deliver a variety of economic measures today as the government introduces a mini-budget to tackle the cost of living crisis.
Prime Minister Liz Truss and Chancellor Kwasi Kwarteng are set to deliver a 'mini budget' on Friday (September 22) to detail the government's plans to tackle the soaring cost of living.
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