The UK government will need to cut at least £60 billion ($66.7 billion) in spending to keep debt in control, according to think tank the Institute for Fiscal Studies (IFS). It comes after the government announced an uncosted £65 billion ($72 billion) energy support package and £45 billion ($50 billion) worth of tax cuts along…
Bank of England Explands Bond-Buying Program to Include Inflation-Linked Bonds
The Bank of England (BoE) on Tuesday ramped up its intervention in the gilt market by including index-linked gilts in its emergency purchasing programme, citing market dysfunction which it says poses a “material risk” to the UK’s financial stability. Deputy Prime Minister Therese Coffey said she’s “absolutely confident” pensions are safe despite the central bank’s warning,…
UK Prime Minister Opposes Placing Solar Panels on Farmland, Downing Street Says
October 10, 2022
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UK Prime Minister Liz Truss does not think solar panels should be installed on productive agricultural lands, Downing Street has said. According to a report in The Guardian, Environment Secretary Ranil Jayawardena wants to protect farmland amid concerns over food security and is seeking to restrict the development of solar projects on farms in England….
UK Cabinet Ministers Urge Conservative MPs to Rally Behind Prime Minister Liz Truss
Four Cabinet members have penned newspaper articles urging Conservative MPs to end infighting and back Prime Minister Liz Truss. Home Secretary Suella Braverman, Chancellor of the Duchy of Lancaster Nadhim Zahawi, Commons Leader Penny Mordaunt, and Environment Secretary Ranil Jayawardena warned colleagues on Sunday that the Tory party would risk ending up in opposition if…
UK Households and Businesses May Face Planned Power Cuts This Winter: National Grid
British households and businesses may suffer from planned blackouts this winter if power plants cannot get enough gas to keep running, the body that oversees Britain’s electricity grid has warned. The National Grid Electricity System Operator (ESO) said on Thursday that the margins between peak demand and power supply this winter are expected to be…
Liz Truss Says UK ‘Working With Europe’ but Not Moving Closer
Liz Truss has insisted she is not moving her administration closer to Europe, even as she hailed Emmanuel Macron as a “friend” at a one-day summit in Prague. The prime minister, who has faced a torrid few days at home that included backbench revolts and a fractious party conference, sought to present the UK as…
Going ‘Woke’ Doomed Boris Johnson’s Premiership: Trump
Going “woke” cost former UK Prime Minister Boris Johnson his political career, according to former President Donald Trump. Trump’s comments were made in an Oct. 4 interview with Laurence Fox on GB News, a free-to-air television and radio news channel in the UK. Fox, who recently played President Joe Biden’s second son in Breitbart’s film “My Son Hunter,”…
UK Police Chiefs Pledge Officers Will Attend All Home Burglaries
Police chiefs in England and Wales have promised that their officers will attend all residential thefts, following the UK government’s call for a shift of focus from “symbolic gestures” to “commonsense policing.” The National Police Chiefs’ Council (NPCC) said on Oct. 5 that chief constables will work to ensure the approach is implemented “as soon…
Cutting Taxes ‘Right Thing to Do Morally and Economically’: UK Prime Minister
UK Prime Minister Liz Truss has defended her tax-cutting plan as “morally and economically” right but sought to allay concerns over rising government borrowing by pledging to be “fiscally responsible.” Addressing the Conservative Party conference in Birmingham on Wednesday, Truss promised to steer the country through the “tempest” and “get Britain moving.” It comes after…
Nuclear Weapons Use ‘Would Not Go Without a Response,’ UK Warns Russia
UK Foreign Secretary James Cleverly has warned Russia that any use of nuclear weapons would lead to consequences. Last month, Russian President Vladimir Putin suggested in a speech that all weapons in Russia’s arsenal could be used if Russia’s territory is threatened. While Putin did not specifically call for using nukes, other Russian authorities have…
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