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Prime Minister Liz Truss has insisted the government’s tax-cutting measures are the “right plan” to get the economy growing in the face of rising energy bills, despite recent market turmoil.
Voters said the Prime Minister, Liz Truss, was found 'hopelessly wanting' today as she toured radio stations in the face of growing fears over the UK economy.
But rather than being reassured, investors seem spooked: the International Monetary Fund is weighing in as the Bank of England hints at more rate hikes and British banks suspend new mortgage offers to homeowners. Some evoke 1976, when the IMF had to bail out the UK, a humiliation for a UK under Labour rule. The backlash would later come in the form of Britain's first female prime minister.
Any homeowner with a mortgage or first-time buyer who has applied for a mortgage will understandably be concerned right now. The market is currently in turmoil following recent announcements that came from the government's mini-budget on Friday.
Gary Neville said he had been “unnerved” by reports the UK government was preparing to shelve plans for an independent regulator for football.
The Government is not concerned about the “politics of envy”, a Treasury minister said as its raft of tax cuts came under fire for disproportionately benefiting the rich.
Jewish communities across Greater Manchester will be celebrating the high holidays over the coming weeks, starting with Rosh Hashanah this weekend. The Jewish new year begins on the evening of Sunday, September 25.
Greater Manchester's Conservative MPs have backed the mini-budget made by the chancellor, Kwasi Kwarteng, this morning, saying it will boost the region. Labour leaders were quick to criticise the speech made to the house of commons this morning which outlined help for family and businesses with soaring energy bills but cut swathes of taxes for the richest in society.