International Monetary Fund says measures should target households worst affected by energy crisis and inflation The International Monetary Fund has launched a stinging attack on the UK’s tax-cutting plans and called on Liz Truss’s government to reconsider them to prevent stoking inequality. In rare public criticism of a leading global […]
Opposition leader says Tories have ‘lost control’ and Labour is now the party of ‘sound money’ Keir Starmer pledged to establish a publicly owned energy company in his first year in office as he reflected Labour’s growing hope that the party is on the path back to power. In a […]
Ursula Von der Leyen warns of ‘strongest possible response’ to attacks on European energy infrastructure Sabotage is the most likely cause of leaks in two Baltic Sea gas pipelines between Russia and Europe, European leaders have said, after seismologists reported explosions around the Nord Stream pipelines. A seismograph on the […]
Leader will promise ‘fresh start’ for UK after turbulence of successive Conservative governments in keynote address to conference Keir Starmer will attempt to take on the mantle of Tony Blair on Tuesday by describing Labour as the “political wing of the British people” as he accuses the Tories of losing […]
Royal Mail also announces four stamps featuring portraits of the late Queen to be released in her memory The King’s new monogram has been revealed ahead of the official period of royal mourning for the death of his mother, Queen Elizabeth II, coming to an end. Charles’s cypher will appear […]
Bid to change asteroid’s course marks ‘new era of humankind’ as agency seeks to protect Earth from future disaster A multimillion-dollar spacecraft collided head-on with an asteroid the size of a football stadium on Monday in an unprecedented test of Nasa’s capacity to defend Earth from a doomsday scenario. Nasa’s […]
Central bank stops short of emergency rate hike and instead says it will make full assessment in November Markets warn interest rates could triple by next year Q&A: what does the pound’s slump mean for the UK? Ministers have been struggling to prevent a full-scale loss of financial market confidence […]
Analysis also challenges argument that the scheme attracts wealthy people who would otherwise leave the country Super-rich overseas people in the UK registered as having non-domicile status are being legally allowed to avoid paying more than £3.2bn of tax on at least £10.9bn of offshore income a year, according to […]
Exclusive: Senior Conservatives warn ‘quid pro quo’ arrangement with Mark Fullbrook spells ‘electoral doom’ Mark Fullbrook is understood to have been promised by Liz Truss that his company would run the Tories’ next general election campaign if he joined her No 10 operation as chief of staff. Sources claimed the […]
Odds of sterling hitting parity with dollar jump, as analysts say UK bond market ‘getting smoked’ by giveaway The pound has hit an all-time low after the bonanza of tax cuts and spending measures in Kwasi Kwarteng’s mini-budget threatened to undermine confidence in the UK. The pound plunged nearly 5% […]