The Commons react to Jeremy Hunt’s fiscal plan

Following his emergency fiscal statement this morning, the new chancellor announced his plans in the House of Commons. He is reversing “almost all” tax measures announced in the growth plan three weeks ago.  Hunt said, “We will no longer be proceeding with the cuts to dividend tax rates, the reversal of off-payroll working reforms, the […]

‘This is a British crisis made in Downing Street’ says Rachel Reeves

Shadow Chancellor Rachel Reeves says the current economic situation is a “British crisis made in Downing Street”. She adds that “no other government around the world has sabotaged its own economic credibility as UK ministers have done.” “Are the chancellor and the PM the last people left on Earth who actually think their economic plan […]

“You can trust me to do the right thing”, says Liz Truss

Speaking at the final day of the Conservative Party Conference in Birmingham, the prime minister Liz Truss has said “you can trust me to do the right thing”. In her first Conference speech as prime minister, she has vowed to lead the UK “through the tempest” and “get Britain moving”, saying that despite the challenges […]

‘Manufacturing could save our economy’ says John Mills

The pound is currently plummeting in value, and our economy is shrinking. The Bank of England recently declared the UK to be in recession, as it raises interest rates to 2.25% to tackle the worst bout of inflation for 40 years. Chancellor of the Exchequer, Kwasi Kwarteng, announced a huge package of tax-cuts in an […]