Tories to rebel against Liz Truss if pound falls below the dollar

“This Budget will live or die not on what the electorate think, not on what Opposition politicians think, not even what Conservative politicians think,” they said. “It is the global markets’ response to what looks like very risky behaviour from our Government.” They added: “The Bank of England is being backed into a corner. “If … Read more

Armed Forces to grow thanks to £52bn spending boost

Mr Wallace continued: “Without the change, we were heading to below 2 per cent. But on current forecast, that’s roughly a defence budget of £100 billion in 2029-30. We’re currently on £48 billion. So that’s the difference. In eight years, that’s a huge amount. “What we have to work through is how we get there. … Read more

Britain faces future with ‘white, privileged male’ as head of state, says Labour pressure group

Britain faces a “future with a white privileged male” as head of state for the next century, a Labour pressure group said on Saturday night. Labour for a Republic proceeded with a fringe event on the eve of the annual party conference in Liverpool, defying calls for them to cancel it after the death of … Read more

Liz Truss plans to cut taxes further in the new year

Those familiar with discussions say the Treasury believes lifting the lifetime allowance on pension pots could encourage doctors, police officers and highly paid nurses to remain in work. Under the current system, savers are forced into paying 55 per cent tax on pension pots valued at more than £1 million, prompting many to retire instead in … Read more

Mahsa Amini death: Iran restricts internet as protest deaths mount

CNN  —  Iranian authorities say they will restrict internet access in the country until calm is restored to the streets, as protests over the death of a young woman in the custody of the morality police rock the Islamic Republic. Thousands of Iranians have taken to the streets in protest since the death last week … Read more

Kwasi Kwarteng announces tax cuts worth £45bn

Simon Clarke, the Levelling Up Secretary, is on the morning media round for the Government as he sets the scene ahead of Kwasi Kwarteng’s “mini-Budget”.  Mr Clarke was told during an interview on Sky News that the Institute for Fiscal Studies think tank had described Liz Truss’s strategy for achieving economic growth as “a gamble … Read more

White House jokes about suspending ‘special relationship’ label after Liz Truss visit

It was a phrase coined by Sir Winston Churchill and has been used by successive British prime ministers over the intervening decades to describe the UK’s strong bond with America. But after a suggestion that Liz Truss is not overly keen on the term, the White House has offered to suspend use of the “special … Read more

Angela Rayner reveals contents of note passed in Commons on day of Queen Elizabeth II’s death

Describing the moment she first realised the monarch’s death was imminent, she said: “I read between the lines on that, because you don’t get a note saying the Queen is unwell if she’s got a bit of a cough or a cold.” Ms Rayner said “the gravity” of the situation was underlined by the fact … Read more

PayPal’s censorship marks a vicious new phase in the war on free speech

The Labour Party conference opens in Liverpool this weekend and the main attraction will, as always, be the stalls run by volunteers. The passionate, committed and usually humorous activists are always there, selling “never kissed a Tory” T-shirts and Corbyn memorabilia. There will be communist sympathisers, Venezuela apologists and backers of all kinds of lost … Read more

Jacob Rees-Mogg claims fracking opponents are funded by the Kremlin

But in a written statement to MPs on Thursday, Mr Rees-Mogg suggested that the risk of further earthquakes was worth taking, and that more data could be collected when drilling resumes. “While HM Government will always try to limit disturbance to those living and working near to sites, tolerating a higher degree of risk and … Read more