‘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 […]
Parliamentary Clip – MPs respond to Kwarteng’s Mini Budget
Chancellor Kwasi Kwarteng has unveiled the biggest package of tax cuts in 50 years. He said that this would be a “new era” for the UK economy. Income tax and the stamp duty on home purchases will be cut and planned rises in business taxes have been scrapped. Kwarteng scrapped Boris Johnson’s previous plans to […]
Truss to name top team
The new Conservative party leader, Liz Truss is expected to announce her new Cabinet later today. After a lengthy leadership race, Truss was victorious yesterday after beating Rishi Sunak by 81,326 votes to 60,399. Amongst the new appointments, Kwasi Kwarteng is widely expected to be appointed as the new Chancellor, James Cleverly to replace Truss […]
Kwarteng: ‘We’re all right to demand the highest standards in any profession’
During business questions, shaodw secretary Jonathan Reynolds asked whether the secretary of state would support a CEO that “presides over a culture of rule breaking” and “broke the law themselves”. In response, Kwarteng admitted that “we’re all right to demand the highest standards in any profession”. This comes after prime minister Boris Johnson had 148 […]
New energy strategy could take half a decade to reduce bills
Today the government unveils its “British Energy Security Strategy”, but Kwasi Kwarteng has admitted it will not deescalate energy bills anytime soon. Boris Johnson will later give a speech on the Conservatives’ plans to expand nuclear, hydrogen and offshore wind, as well as returning to annual North Sea licensing rounds for oil and gas. The […]
Minister on Storm Eunice: Government ‘working night and day’ to get people reconnected
Minister for business, energy and Industrial strategy, Kwasi Kwarteng, made a statement to the House of Commons, regarding Storm Eunice. He told the House that Eunice brought “the highest speeds of wind ever recorded in England” and that the impact has been four people “tragically losing their lives” while 2% of those with power outages […]
“Price cap is non-negotiable”: Kwarteng defends government handling of energy crisis
Speaking to Trevor Phillips on Sky News at 8.30am this morning, Secretary of State for Energy Kwasi Kwarteng defended his and his government’s actions over the ongoing energy crisis. Since the start of the year, energy prices have rocketed by 250% and ministers are under pressure to prevent the industry from grinding to a halt. […]
