Tory mps

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails A leading Conservative environmentalist has launched an inquiry into how the UK can fight climate change while maximising economic growth. Chris Skidmore , a former energy minister, has been commissioned to carry out the three-month review by Business Secretary Jacob Rees-Mogg , whose appointment was criticised by environmental groups due to his criticism of “climate alarmism” and support for fracking. Mr Skidmore, who chairs the Net Zero Support Group of Tory MPs , said the review would provide a “’big bang’ moment for net zero”, ensuring the UK meets its goal of becoming carbon neutral by 2050 while ensuring economic growth and energy security. He said: “This review seeks to ‘double down’ on how we can ensure that our energy transition happens at the same time as maximising the economic opportunity … [Read more...] about Climate review to deliver big bang moment for net zero, says leading green Tory

Andrew Marr says some Tory MPs are planning to oust Liz Truss 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 Liz Truss is facing a dire political battle as her mini-budget, announced last Friday by chancellor Kwasi Kwarteng, is slammed by critics from both those outside and within her own party. The latest YouGov poll outlining the country's current voting intention following the highly controversial fiscal announcement sees Labour gaining five points, resulting in a clear 17-point lead over Ms Truss' government. Related articles Pound falls to all-time low against dollar amid Tory rebellion fears Labour to drag Britain back to '70s as Reeves plots union takeover In last Friday’s mini-Budget chancellor Kwasi … [Read more...] about Truss faces Tory backbench revolt after damning poll hands Labour largest lead in 21 years

Published 4 hours ago Share close Share page Copy link About sharing MP Rupa Huq says she has apologised to Chancellor Kwasi Kwarteng for describing him as "superficially" black. Speaking at a Labour Party conference fringe event, Ms Huq also said: "If you hear him on the Today programme, you wouldn't know he's black." Her remarks were criticised and Labour suspended her from the parliamentary party pending an investigation. Tory Party chair Jake Berry called her comments "racist" and "disgusting". Deputy Labour leader Angela Rayner said the remarks were "unacceptable". Speaking to the BBC's Politics Live programme, she said Ms Huq should apologise, while the party's foreign affairs spokesman David Lammy described the remarks as "unfortunate" adding: "I wouldn't have made them myself." A Labour spokesperson said: "We condemn the remarks, they are totally inappropriate, and … [Read more...] about Rupa Huq MP apologises for ‘superficially’ black remark

David Lammy on Rupa Huq’s comments 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 Labour MP Rupa Huq has had the whip suspended after making comments about Chancellor Kwasi Kwarteng , which were branded "racist". Speaking at an event on the fringes of the Labour Party Conference, she said: "Superficially he is a black man". She added: "He went to Eton I think he went to a very expensive prep school... Related articles Beaune's swipe at Brexit as five-year-old video of Macron backfires Emergency statement from Chancellor in bid to shore up markets "If you hear him on the Today programme, you wouldn't know he is black". Ms Huq added: "Superficially they've had four brown Chancellors and that. "But when you … [Read more...] about Labour MP Rupa Huq has whip suspended after ‘racist’ Kwasi Kwarteng rant

Rishi Sunak backers have claimed they warned that “Trussonomics” would cause market turmoil amid the aftermath of Kwasi Kwarteng’s mini-Budget. Markets are predicting that the pound will tumble to parity with the dollar by the end of the year, after Mr Kwarteng unveiled the biggest package of tax cuts in 50 years in an attempt to avert a recession. The Treasury and the Bank of England both issued statements on Monday afternoon in an attempt to assuage investor concerns. Mr Sunak railed against Liz Truss’s tax-cutting policies during his unsuccessful Conservative leadership campaign, with his campaign warning that she would increase borrowing to “historic and dangerous levels” while placing public finances in “serious jeopardy”. In comments made on BBC Radio 2 last month, Mr Sunak warned: “Liz’s plans are promising the earth to everybody. I don’t think you can have your cake and eat it. I don’t think life is that simple, and I think her plan risks making … [Read more...] about We warned you about ‘Trussonomics’ turmoil, say Rishi Sunak backers

Sign up to the Inside Politics email for your free daily briefing on the biggest stories in UK politics Get our free Inside Politics email Kwasi Kwarteng has vowed to push on with the government’s radical borrowing-fuelled tax cut spree despite growing calls to “reverse course” amid ongoing market turmoil. The chancellor promised to produce “credible plan” to reduce government debt on 23 November – but insisted that he and Liz Truss would be pushing on in their search for growth. “We are confident in our long-term strategy to drive economic growth through tax cuts and supply-side reform,” the chancellor said at a meeting with banking and investment chiefs on Tuesday. “I’m confident that with our growth plan and the upcoming medium-term fiscal plan – with close co-operation with the Bank – our approach will work,” Mr Kwarteng added. It comes as Virgin Atlantic chief executive Shai Weiss called on Ms Truss and Mr Kwarteng to “reverse course” to … [Read more...] about Kwasi Kwarteng vows to stick with tax cut plan despite calls to ‘reverse course’

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The pound has slumped to its lowest level against the dollar since decimalisation in 1971, after the Chancellor hinted more tax cuts would follow those he announced last week. Sterling fell by more than 4% to just 1.0327 dollars in early Asia trade before it regained some ground to about 1.05 dollars early on Monday, when the euro also hit a fresh 20-year low amid recession and energy security fears. Kwasi Kwarteng has previously brushed off questions about the markets’ reaction to his mini-budget – which outlined the biggest programme of tax cuts for 50 years – after it was announced on Friday using more than £70 billion of increased borrowing. Mr Kwarteng on Sunday claimed the cuts “favour people right across the income scale” amid accusations they mainly help the rich. He and Prime Minister Liz … [Read more...] about Pound falls to all-time low as Kwasi Kwarteng hints further tax cuts on way

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Kwasi Kwarteng is contending with massive market turmoil sparked by his tax-cutting mini-budget as a disastrous day for the pound saw Labour take its biggest poll lead over Tories for more than 20 years. The pound steadied in early trading in Asian markets on Tuesday as it recovered ground slightly from the record low of 1.0327 against the US dollar it struck early on Monday morning after traders were spooked by the Government’s economic plans. Sterling sat around around 1.08 dollars by 7am on Tuesday, but economists have warned it could still fall to parity with the dollar this year for the first time. The Treasury moved to settle the markets with the promise of a Budget next spring as sterling tumbled to its lowest level against the dollar for at least half a century on Monday. Senior Tory MP Huw … [Read more...] about Kwarteng faces massive market turmoil after disastrous day for sterling

Pound falls to all-time low against US dollar 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 Halifax, Virgin Money and Skipton are among the big lenders which have pulled mortgage deals. The base rate is at 2.25 percent, but analysts predict it could rise to six percent by spring. Others which have pulled or amended deals include Scottish Building Society, Leek United Building Society, Clydesdale Bank, Nottingham Building Society, Bank of Ireland and Paragon Bank. Related articles UK house price crash warning as values could plunge by up to 40% Boy, 9, killed and girl injured after 4x4 overturns on off-road course A rising number of banks are withdrawing mortgage deals , fearing the Bank of … [Read more...] about Plunging pound sparks panic as 10 banks pull mortgage deals in huge blow to Britons

Mini Budget 'shook confidence of the electorate' says Curtice 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 Labour has opened up a 17-point poll lead over the Conservatives in wake of Chancellor Kwasi Kwarteng's tax-cutting, high-borrowing mini-budget, according to a new poll. A YouGov survey for The Times revealed that Labour has taken its biggest opinion lead over the Tories since the firm began polling in 2001 when Sir Tony Blair led the party to a landslide general election victory. Speaking to LBC, Sir John Curtice said: "I think it's pretty clear that Friday's mini-budget has shaken the confidence of the electorate as well as the markets because of the market reaction. Related articles Labour Party accused of … [Read more...] about Curtice warns Truss shot herself in foot with budget – ‘very good bet’ Labour to take over