Brexit, slashing investment and Liz Truss’s mini-budget are among the “own goals” that have led to the UK’s dire financial straits, according to a top economist. Paul Johnson, the director of the Institute for Fiscal Studies (IFS), has been speaking about what left the UK in a position where yesterday’s autumn statement – that will
Politics
The UK’s economic outlook will be “challenging” for the next two years, Jeremy Hunt says. The chancellor presented his autumn statement to parliament on Thursday, littered with stealth taxes and curbs on government spending amounting to £55bn in an attempt to plug the black hole in the public finances. But the independent Office for Budget
Millions more Britons will pay more tax as Jeremy Hunt cut the top-rate threshold and announced freezes on several other taxes in his autumn statement. The total amount of savings from the autumn statement has been costed at £55bn, through tax rises and cutting government spending. However, in real-term costs, UK households’ disposable incomes will
Jeremy Hunt will promise to weather an economic “storm” by raising taxes, cutting public spending and scaling back energy support to fill a £54bn black hole in the nation’s finances. The chancellor will insist to MPs on Thursday that his autumn statement puts the UK on a “balanced path to stability” as he tackles the
Dominic Raab has denied bullying claims and he requested an investigation into himself following two formal complaints made against him after days of allegations. Speaking at Prime Minister’s Questions, where he was standing in for Rishi Sunak who is at the G20 in Bali, Mr Raab said he is “confident that I have behaved professionally
Rishi Sunak’s meeting with Chinese President Xi Jinping has been called off, Downing Street has said. The prime minister was set to hold a meeting with Mr Xi at the G20 summit in Bali on Wednesday morning, UK time, in what would have been the first time a British leader had faced him in almost
Rishi Sunak has refused to apologise for the economic turmoil Liz Truss’s short-lived government caused the British people. The prime minister, who is in Bali for the G20 summit, refused six times today to say sorry for the decisions his predecessor made, which caused severe and continuing financial turbulence. He acknowledged that “mistakes were made”
Rishi Sunak has avoided sticking to his predecessor’s pledge to increase defence spending to 3% of GDP ahead of the autumn budget, set to be unveiled on Thursday. During her campaign for Number 10, Liz Truss said the figure would be reached by the end of the decade. But asked if he would standby her
Allegations of bullying against Dominic Raab are “plausible”, a former top civil servant has said following a slew of reports about the deputy PM’s behaviour. Lord Simon McDonald, who was permanent secretary at the Foreign Office between 2015 and 2020, said Mr Raab was a “tough boss” and the claims about him are believable. Numerous
Rishi Sunak has said getting a grip on illegal migration is the “absolute priority” for his government as he kicks off his G20 summit with a new joint declaration with France to try to tackle record numbers of small boat crossings. The prime minister told journalists on the flight over to Bali that illegal migration
Home Secretary Suella Braverman will travel to Paris to sign a new joint declaration with French officials to ramp up efforts to stop migrant crossings in the Channel. The home secretary will sign the agreement with French interior minister Gerald Darmanin on Monday morning. According to the Financial Times, the agreement will significantly increase the
Jeremy Hunt has said everyone is going to be paying higher taxes but those who earn the most will have to make larger sacrifices. The chancellor told the Sophy Ridge on Sunday programme during Thursday’s autumn statement he “will be asking everyone for sacrifices” but recognises there is “only so much we can ask” from
Matt Hancock has been told by an I’m a Celebrity campmate that “sorry… doesn’t really cut it” over his rule-breaking during COVID. The former health secretary resigned from his post in June 2021 after pictures were leaked of him having an affair with his former aide in his office, breaking guidance about mixing with other
Dominic Raab “values” civil servants in his department, the Ministry of Justice has insisted, after bullying claims have emerged against him. Mr Raab was reappointed as justice secretary and deputy prime minister by Rishi Sunak last month, having held the roles between September 2021 and September 2022 under Boris Johnson, but having been sacked by
Historically, in the first mid-term after a new president steps into office, his party loses the House and Senate. In a landslide. So Republicans anticipated a red wave, a tsunami of Republican wins in November 8th’s elections. But said the Democratic Washington Post, “The expected red wave looks more like a puddle.” And the Republican
There is now a “window of opportunity” to fix the issues around the Northern Ireland protocol, says the Irish prime minister. Speaking after the British-Irish Council summit in Blackpool, Michael Martin said relations between the UK and EU had “improved very significantly”, and both he and British PM Rishi Sunak wanted to resolve the problems
Kwasi Kwarteng claims he told Liz Truss to “slow down” after the market crashing mini-budget was announced. The ex-chancellor, who was sacked by the then-prime minister, told TalkTV’s First Edition programme: “She said, ‘Well, I’ve only got two years’ and I said, ‘You will have two months if you carry on like this’.” Mr Kwarteng
Foreign Secretary James Cleverly has said he “could not speak or sleep” when he found out his wife had breast cancer. Susie Cleverly, 49, was diagnosed with triple positive breast cancer in December 2021 after spotting dimpled skin underneath her right breast the month before – nearly a year ago to the day. At the
Is Rishi Sunak’s baptism of fire as prime minister evidence that politicians who’ve been Leader of the Opposition make the best PMs? Some MPs claim Mr Sunak’s early blunders – the disastrous appointment of Sir Gavin Williamson to the cabinet table and his COP27 U-turn, for example – reveal not only a lack of experience
Rishi Sunak has said it is “absolutely right” that Sir Gavin Williamson resigned and admitted he has “regret” over appointing him as a cabinet minister in light of the allegations he is facing. The prime minister insisted he “did not know about any of the specific concerns” relating to Sir Gavin’s alleged “unacceptable” behaviour in