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Thu, 29 September 2022

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Articles tagged with: Kwasi Kwarteng
Liz Truss Defends 'Controversial' Tax Cuts After Drastic Bank Of England Intervention
Economy
Liz Truss Defends "Controversial" Tax Cuts After Drastic Bank Of England Intervention
Liz Truss has defended the government's "controversial mini-budget" which caused the pound to plummet in value, insisting that growth won't happen "overnight".

Boosting economic growth is a worthy idea – but the Chancellor’s plan was always ill-fated
Economy
By Mark Garnier MP
Boosting economic growth is a worthy idea – but the Chancellor’s plan was always ill-fated
There’s no doubt about it. Just three weeks into Liz Truss’s new premiership, she and her Chancellor are certainly hogging the headlines.
Labour MP Rupa Huq Suspended For Calling Kwasi Kwarteng “Superficially A Black Man”
Political parties
Labour MP Rupa Huq Suspended For Calling Kwasi Kwarteng “Superficially A Black Man”
Labour MP Rupa Huq has been administratively suspended from the party after calling the Chancellor Kwasi Kwarteng "superficially" black.
Horrified Tories Berate 'Consequences' Of Tax Cuts After Value Of Pound Tumbled
Economy
Horrified Tories Berate "Consequences" Of Tax Cuts After Value Of Pound Tumbled
A wave of discontent is building among some Conservative MPs after the value of the pound has reached a historic low in the wake of sweeping tax cuts announced in Chancellor Kwasi Kwarteng's "mini budget".
Rachel Reeves Pitches Labour As Party Of Economic 'Responsibility' As Government Faces Pound Crisis
Economy
Rachel Reeves Pitches Labour As Party Of Economic "Responsibility" As Government Faces Pound Crisis
Shadow Chancellor Rachel Reeves has pitched Labour as the “party of economic responsibility” against a backdrop of fiscal chaos as the pound continued to collapse in the wake of Kwasi Kwarteng's sweeping tax cuts.

Labour Likens Tory 'Mini Budget' Fallout To Black Wednesday Economic Crash
Economy
Labour Likens Tory "Mini Budget" Fallout To Black Wednesday Economic Crash
Kwasi Kwarteng's "mini budget" and the subsequent fall of the pound is like the Black Wednesday economic collapse, a senior member of the Shadow Cabinet has said.
Keir Starmer Commits To Reversing Government Scrapping Of 45p Top Tax Rate
Political parties
Keir Starmer Commits To Reversing Government Scrapping Of 45p Top Tax Rate
Labour leader Sir Keir Starmer has said he would reverse the decision to abolish the top rate of income tax, but would keep the Government’s planned cut to the basic rate.
Partner content
Transport
By Railway Industry Association
RIA responds to the Chancellor's 'mini-budget'
HTA responds to mini-budget and cost of doing business measures Partner content
Economy
By Horticultural Trades Association
HTA responds to mini-budget and cost of doing business measures
Commenting on the Chancellor’s announcements today (23/09), Jennifer Pheasey, Director of Public Affairs said:
Partner content
Economy
By Building Societies Association
BSA comments on the changes to Stamp Duty
Commenting on the changes announced today, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA, said:
Every Announcement In Kwasi Kwarteng’s Not-So-Mini-Budget Explained
Economy
Every Announcement In Kwasi Kwarteng’s Not-So-Mini-Budget Explained
The Chancellor Kwasi Kwarteng unveiled dozens of new measures in his mini-Budget statement to Parliament today, from tax cuts to benefit changes and bankers’ bonuses as he ripped up the economic rulebook used by previous Conservative administrations.
Partner content
Economy
By Chartered Management Institute
Response to Kwasi Kwarteng's Budget speech from The Chartered Management Institute
Anthony Painter, CMI's Director of Policy, said:
Partner content
Economy
By Chartered Institute of Building
CIOB comment on today's mini budget
The Chartered Institute of Building (CIOB) has reacted to today’s mini budget announcement by the Chancellor of the Exchequer.
Kwasi Kwarteng Scraps Top Rate Of Income Tax In Major Fiscal Overhaul
Economy
Kwasi Kwarteng Scraps Top Rate Of Income Tax In Major Fiscal Overhaul
Chancellor Kwasi Kwarteng has announced the top rate of income tax is being scrapped as part of a major overhaul of the UK's tax system.
Kwasi Kwarteng Tears Through UK Tax System In Radical Fiscal Event
Economy
Kwasi Kwarteng Tears Through UK Tax System In Radical Fiscal Event
Chancellor Kwasi Kwarteng has announced a range of sweeping cuts to taxes as he battles to resuscitate the UK's flagging economy.
Chancellor's Fiscal Event Will Be 'Game-Changing' Cabinet Minister Claims
Economy
Chancellor's Fiscal Event Will Be "Game-Changing" Cabinet Minister Claims
The government's much-awaited fiscal event will be “game-changing”, a Cabinet minister has claimed, predicting new interventions would stimulate “growth” and “protect the living standards of those at all points on the income spectrum”.
Treasury Committee Chair Warns Government Against 'Avoiding Scrutiny' On Economy
Economy
Treasury Committee Chair Warns Government Against "Avoiding Scrutiny" On Economy
A senior Conservative MP has said that Liz Truss should not make new economic orthodoxy about “avoiding scrutiny” after the Treasury failed to order an official forecast ahead of this week’s mini-Budget.
Government Confirms National Insurance Rise Will Be Reversed From November
Health
Government Confirms National Insurance Rise Will Be Reversed From November
Chancellor Kwasi Kwarteng has confirmed that the recent rise to National Insurance Contributions is to be reversed from November.
Parliament Will Return On Wednesday Following Pause For Queen's Death
Political parties
Parliament Will Return On Wednesday Following Pause For Queen's Death
MPs will return to the Commons on Wednesday 21st September after government and parliamentary business was paused in the wake of the Queen's death.
Kwasi Kwarteng Will Hold A Cost Of Living Mini-Budget On Friday Before Party Conferences
Economy
Kwasi Kwarteng Will Hold A Cost Of Living Mini-Budget On Friday Before Party Conferences
Chancellor Kwasi Kwarteng will use a mini-budget on Friday 23 September to set out the Liz Truss government's plans for tax cuts and how the energy cap freeze will work, after the Queen's death caused delay to the anticipated event.
Truss Government Accused Of “Weakness' After Sacking Treasury Permanent Secretary
Economy
Truss Government Accused Of “Weakness" After Sacking Treasury Permanent Secretary
The leader of the civil servants' union has criticised the new Liz Truss administration's decision to sack the Treasury’s longstanding Permanent Secretary Sir Tom Scholar.
Levelling Up Secretary Says Fracking Could Be Necessary To Overcome Energy Crisis
Communities
Levelling Up Secretary Says Fracking Could Be Necessary To Overcome Energy Crisis
Levelling Up Secretary Simon Clarke has said the controversial practice of fracking should be "looked at" as part of new measures to diversify the UK's energy supply.
Business Secretary Says UK Needs A 'Looser Fiscal Approach' To Tackle Soaring Inflation
Economy
Business Secretary Says UK Needs A "Looser Fiscal Approach" To Tackle Soaring Inflation
Kwasi Kwarteng has said putting up taxes “isn’t going to help people” and that the UK needs a “looser fiscal approach” to tackling rising inflation.
Rishi Sunak Accused Of Opposing Cut To Energy Bill VAT Just 'Three Weeks Ago'
Economy
Rishi Sunak Accused Of Opposing Cut To Energy Bill VAT Just "Three Weeks Ago"
Prominent Liz Truss-backer Kwasi Kwarteng has accused Rishi Sunak of proposing a tax cut that he opposed as recently as three weeks ago.