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Liz Truss’s plans to slash taxes could trigger a wave of investment into the UK, the boss of Legal & General has said. Nigel Wilson, the influential City grandee and chief executive of the UK’s biggest pensions manager, said that cutting taxes on businesses could boost the attractiveness of Britain as a destination for international investors. Attracting overseas money could soften the blow as the economy heads into a recession, Mr Wilson said. "Reducing the tax burden will be seen by international investors [as a sign] that the country is open for business,” he said. It comes as Ms Truss and former chancellor Rishi Sunak, the two candidates vying to replace Boris Johnson as prime minister, continue to trade blows about whether immediate tax cuts would boost economic growth or stoke inflation. Ms Truss is in favour of rapidly cutting taxes in the hope it will stimulate economic activity, while Mr Sunak argues that slashing taxes now will only serve to prolong the … [Read more...] about Liz Truss’s tax cuts could trigger a wave of investment into the UK, says L&G chief

Annual energy bills for average households in the UK are now forecast to hit £4,266 as gas and electricity prices continue to spiral. The grim prediction has been made by consultancy Cornwall Insight, which expects regulator Ofgem to lift its price cap higher than initially expected. In the first three months from January the price cap is expected to hit £4,266, meaning average households will pay £650 more compared to estimates of just last week. From October this year, the price cap – based on the wholesale cost of energy – is now expected to be £3,582 – compared to £1,971 today. Ofgem has said prices can be adjusted every three months to give energy firms a chance to adjust to volatile an rapidly changing costs. Principal consultant at Cornwall, Dr Craig Lowrey, said that despite prices steadily rising, the latest jump in forecasts was a ‘fresh shock’. He added: ‘The cost-of-living crisis was already top of the news agenda as more and more people face fuel … [Read more...] about UK energy bills now expected to hit £4,266 from January

Published 2 hours ago Share close Share page Copy link About sharing The UK government has submitted its argument in a case that could allow the Scottish Parliament to legislate for another independence referendum. The submission from the Advocate General comes ahead of a full hearing on the case in October. UK law officers argue the constitution is reserved to Westminster. Last month, the Scottish government published its case, arguing the referendum is "advisory" and would have no legal effect on the union. The hearing will take place in London on 11 and 12 October when oral arguments will be heard. SNP formally bid to intervene in indyref2 Supreme Court case Lord Advocate publishes indyref2 argument to Supreme Court What are the questions facing the Supreme Court? Scotland's top law officer Lord Advocate Dorothy Bain QC referred a prospective referendum … [Read more...] about UK government submits indyref2 argument to Supreme Court

Published 7 September 2015 Share close Share page Copy link About sharing Two British Islamic State jihadists who died in Syria were killed by an RAF drone strike, David Cameron has said. Cardiff-born Reyaad Khan, 21, and Ruhul Amin, from Aberdeen, died last month in Raqqa, alongside another fighter, in the first targeted UK drone attack on a British citizen, Mr Cameron told MPs. Khan - the target - had been plotting "barbaric" attacks on UK soil, he said. The "act of self defence" was lawful, despite MPs previously ruling out UK military action in Syria, the PM said. Khan was killed in a precision strike on 21 August by a remotely piloted aircraft, "after meticulous planning", while he was travelling in a vehicle. Another British national, Junaid Hussain, 21 and from Birmingham, was killed in a separate air strike by US forces in Raqqa on 24 August. Both Khan and … [Read more...] about Islamic State conflict: Two Britons killed in RAF Syria strike

Published 29 September 2015 Share close Share page Copy link About sharing Four high-profile UK jihadists fighting or recruiting for Islamic State militants in Syria are to be subjected to UN sanctions, at the UK's request. The UN's updated sanctions list named the four as Omar Hussain from High Wycombe, Nasser Muthana from Cardiff, Aqsa Mahmood from Glasgow and Sally-Anne Jones from Chatham in Kent. They will face a travel ban and a freeze of their assets. The move is a new tactic to stem the flow of recruits to the IS group. At least 700 Britons have travelled to support or fight for jihadist groups in Syria and Iraq, according to British police. About half have since returned to the UK. 'Grandstanding' It is the first time since 2006 that Britain has submitted names to the UN sanctions regime, which was set up to tackle suspected al-Qaeda terrorism and extended to IS. … [Read more...] about Four British jihadists face UN sanctions

Exeter: Travellers park at Cowick Barton Playing Fields SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The controversial site, a Negotiated Stopping Point (NSP) which can hold 13 caravans and vehicles, has been paid for by local taxpayers. Formerly a two-acre landfill site in Gorsebrook Road, Wolverhampton City Council developed the area into a transit site for illegal travellers to use. The site comes fully equipped with laundry and washing facilities, perimeter fencing surrounding the area as well as CCTV monitoring, and was designed to temporarily house travellers after they had been booted out of illegal camps. Related articles 'Backed into corner, STRIPPED of rights' – Archie Battersbee parents British boy, 8, … [Read more...] about ‘Absolute joke!’ Fury as council spends £1M on a £100-a-week traveller site ‘never used’

IndyRef2: SNP has 'no mandate' for referendum says expert SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info It comes ahead of a full hearing on the case in October. The submission came from the Advocate General and is set to throw a spanner in the works for Nicola Sturgeon who published the Scottish government's case last month. Related articles 'Scottish Resistance' STORMS national energy provider's Glasgow HQ Police launch urgent appeal in hunt for gang of youths UK law officers have argued that the constitution is reserved to Westminster. Last month, the Scottish government published its case, stating the referendum is "advisory" and would have no legal effect on the union. A spokeswoman for the UK … [Read more...] about Sturgeon’s Scottish indy bid faces stumbling block as No10 sends argument to Supreme Court

A “summer sale” for Channel migrants is fuelling a rise in crossings with people smugglers slashing prices by as much as £1,500 per person, it has emerged. Social media adverts, discovered on Monday by The Telegraph, saw the traffickers offering “bargain” prices and crossings on small boats that have “never been cheaper,” down from £5,000 to as little as £3,500 per migrant. The promotions were primarily targeted at Albanians who accounted for four in 10 of the nearly 3,000 migrants who crossed the Channel during a six-week period this summer. Border Force experts suggested the smugglers may be cutting prices to open up new markets like the Albanians previously unable to afford the charges. MPs on the home affairs committee have also claimed that gangs may be exploiting the court-enforced delay in deportations of illegal migrants to Rwanda to persuade them to make the crossing now before the flights start. The disclosures come as another estimated 300 Channel … [Read more...] about ‘Summer sale’ for Channel migrants fuels record crossings

An NHS worker has said she feels "really lucky" after winning a £1m lottery jackpot just before getting the all-clear from her breast cancer treatment. Maxine Lloyd said she was keeping an eye on her fiance, Wayne Tilbury, who had recently collapsed with a chest infection, at 1.30am when she decided to "have a flutter" on the National Lottery's £30m Mega Cash Showdown Instant Win game. The 50-year-old thought a phone notification she received during her first batch of radiography treatment was a message from her partner - but it was actually a message from her bank to say the winnings had been transferred into her account. In the space of two weeks, Mr Tilbury, a 57-year-old builder, was taken to A&E with the chest infection, Ms Lloyd rang the bell to mark the successful ending of her cancer treatment, and the couple won £1m. "I feel really lucky," Ms Lloyd said. Advertisement "I'm here, I'm alive, and we've just had a bit of a cherry on the top … [Read more...] about NHS worker wins £1m lottery jackpot just before getting all-clear from cancer

The pass rate for Scotland's Higher qualifications has dropped from last year - after a full timetable of exams returned for the first time since before the pandemic. More than 100,000 pupils across Scotland began to receive their results on Tuesday. Attainment of A to C grades was 78.9%, according to figures from the Scottish Qualifications Authority (SQA). That is down from 87.3% last year, and from 89.3% in 2020, when teacher judgments were used instead of exams. However, it is slightly up from 2019 - the last time there was a full exam timetable - when it was 74.8%. Advertisement There was a similar picture at Advanced Higher level, with those attaining A to C grades coming in at 81.3% - down from 90.2% in 2021 and 93.1% in 2020. In 2019, the pass rate was 79.4%. For National 5 qualifications, the pass rate was 80.8%, down from 85.8% in 2021 and up from 78.2% in 2019. More on Scotland Flames engulf historic convent in Dumfries once … [Read more...] about Pass rate for Scottish exams drops as full timetable returns since before COVID pandemic