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Sun, 28 May 2023

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Articles tagged with: Economy
Liz Truss Says She Is 'Completely Committed' To Retaining The Pensions Triple Lock
Economy
Liz Truss Says She Is "Completely Committed" To Retaining The Pensions Triple Lock
Liz Truss has said pensions will increase in line with surging inflation after reports she was considering dumping the commitment.
Jeremy Hunt Says UK Faces Financial Challenges Of 'Eye Watering Difficulty' After Tearing Up Budget
Economy
Jeremy Hunt Says UK Faces Financial Challenges Of "Eye Watering Difficulty" After Tearing Up Budget
Chancellor Jeremy Hunt has confirmed a major overhaul of Liz Truss and Kwasi Kwarteng's "mini-Budget" to the House of Commons, including an indefinite freeze to income tax and a review of the energy support package after six months.
Jeremy Hunt Announces Reversal Of 'Almost All Tax Measures' From Mini-Budget
Economy
Jeremy Hunt Announces Reversal Of "Almost All Tax Measures" From Mini-Budget
Chancellor Jeremy Hunt has rolled back "almost all tax measures" in the "mini-Budget" with an emergency intervention in an attempt to restore the government's economic credibility.
Kwasi Kwarteng Sacked As Chancellor In Major Blow To Liz Truss's Premiership
Economy
Kwasi Kwarteng Sacked As Chancellor In Major Blow To Liz Truss's Premiership
Liz Truss has sacked Kwasi Kwarteng from his Cabinet role of Chancellor after the government was forced to rip up key sections of his "mini-Budget" in the wake of two weeks of economic chaos.
Treasury Committee Chair Calls For 'Fundamental Reset' As Chancellor Dashes Back From US
Economy
Treasury Committee Chair Calls For "Fundamental Reset" As Chancellor Dashes Back From US
Senior Conservative MP Mel Stride has said Chancellor Kwasi Kwarteng should "row back" on tax plans that have unleashed economic chaos in to restore confidence in the financial markets.
We need a strategy to bring inflation under control
Economy
By Harriett Baldwin MP
We need a strategy to bring inflation under control
In Greek mythology, Cassandra was a priestess who was given the power by the gods to make true predictions, only for no one to believe her.
Growth comes from the efforts of all – not from trickle-down economics
Economy
By Pat McFadden MP
Growth comes from the efforts of all – not from trickle-down economics
Credibility, like reputation, is built slowly over years but can be destroyed very quickly. That is what has happened to the Conservative government in the wake of its disastrous “mini-Budget” on 23 September.
It would be morally wrong to deliver a real-terms benefit cut for the most vulnerable
Economy
By John Glen MP
It would be morally wrong to deliver a real-terms benefit cut for the most vulnerable
Following four and a half years as city minister, with another year as PPS to former chancellor (now Lord) Philip Hammond, not walking into HM Treasury in Horseguards every morning will take some adjustment.
As a former mortgage broker, rates are nothing of the magnitude we saw in the 2008 crisis
Economy
By James Cartlidge MP
As a former mortgage broker, rates are nothing of the magnitude we saw in the 2008 crisis
As a mortgage broker during the 2008 credit crunch, my memory is seared with those extraordinary days when email alerts of products being withdrawn piled in.
Leading Economists Insist Government Financial Plans Worsened Economic Chaos
Economy
Leading Economists Insist Government Financial Plans Worsened Economic Chaos
Several leading economists have told MPs they believe there is "absolutely a UK component" to the current market chaos after ministers blamed global financial pressures rather than their controversial "mini-budget".
How Jersey Adds Value to the Global Economy Partner content
Communities
By Jersey Finance
How Jersey Adds Value to the Global Economy
Jersey is a small place making a big impact.
Cutting taxes will release growth right across Britain
Economy
By Felicity Buchan MP
Cutting taxes will release growth right across Britain
As we gathered in Birmingham this week, what we heard from the Prime Minister and Chancellor was their commitment to economic growth. And I fully support them in that.
Tax cuts and deregulation don’t grow economies – investment does
Economy
By Emma Hardy MP
Tax cuts and deregulation don’t grow economies – investment does
On the eve of Liz Truss’ Conference speech, J.L. Partners published a word cloud of answers to the question “what one word would you use to describe Liz Truss”. The three largest words, in descending order were: incompetent, useless, untrustworthy.
Wales will not stand for benefit cuts that will push many more households into poverty
Economy
By Hywel Williams MP
Wales will not stand for benefit cuts that will push many more households into poverty
Rocketing mortgage rates, soaring inflation and a near collapse in pensions brought on by the Prime Minister and the Chancellor’s reckless economic plans – all in less than 30 days of assuming office.
Investing in our young people now is vital for the future success of our party and country
Education
By Miriam Cates MP
Investing in our young people now is vital for the future success of our party and country
There can be nothing more fundamental to Conservative philosophy than the principle of investing wisely for the future.
Liz Truss’s unfunded public spending cuts will unleash austerity 2.0
Economy
By Angela Eagle MP
Liz Truss’s unfunded public spending cuts will unleash austerity 2.0
When newly minted Prime Minister Liz Truss tweeted that she was “ready to hit the ground” most of us thought it was an unfortunate twitter malfunction. Little did we realise it was a statement of intent.
Liz Truss Admits She Should Have 'Laid The Ground Better' Before Mini-Budget
Economy
Liz Truss Admits She Should Have "Laid The Ground Better" Before Mini-Budget
Liz Truss has admitted mistakes were made in the announcement of last week's mini-budget, saying she should have "laid the ground better" for it ahead of this weekend's Conservative conference.
Laurence Robertson MP: Taking an evidence-based approach to betting will see increased growth across the UK Partner content
Education
By Betting And Gaming Council
Laurence Robertson MP: Taking an evidence-based approach to betting will see increased growth across the UK
After a turbulent few weeks, in which we changed Prime Ministers and so very sadly lost Her Majesty The Queen, government is back in full swing, taking bold steps to tackle the big issues. It won’t be an easy ride and there is plenty for the new Prime Minister to tackle. Growing the economy by delivering The Growth Plan, staring down Russia over its illegal invasion of Ukraine and tackling the energy crisis are huge issues facing the nation.
Government must act to avoid a generation retiring with inadequate pensions
Economy
By Stephen Timms MP
Government must act to avoid a generation retiring with inadequate pensions
The middle of a cost of living crisis, with an inflation rate not seen for a generation and millions worried about how to make ends meet, is a far from ideal time to be thinking about putting away money for the future.
Time is running out for our party to show we deserve to stay in government
Economy
By Peter Aldous MP
Time is running out for our party to show we deserve to stay in government
This week’s economic fallout from the Chancellor’s statement on 23 September has been painful to watch.
Tax cuts will boost growth and help households and businesses with the energy crisis
Economy
By John Redwood MP
Tax cuts will boost growth and help households and businesses with the energy crisis
The Conservative Party has been rejuvenated by a change of leader. Liz Truss has emerged with strong support from the membership, with a new agenda fashioned to the spirit of the times.
The government must restore economic confidence as the markets spin out of control
Economy
By Baroness Altmann
The government must restore economic confidence as the markets spin out of control
Yesterday’s extraordinary intervention by the Bank of England in the United Kingdom government bond market is a clear U-turn.
Liz Truss Defends 'Controversial' Tax Cuts After Drastic Bank Of England Bail-Out
Economy
Liz Truss Defends "Controversial" Tax Cuts After Drastic Bank Of England Bail-Out
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.