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The Bank of England, which was established independent of the government by Gordon Brown, has been slammed by a former senior cabinet member for failing to grasp the danger presented to the British economy. At the same time, Chancellor Rishi Sunak has appointed another anti-Brexit economist to the bank’s board,
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As the BBC gets ready for a future without the licence fee, its executives are already talking about new ways to make money. Last month, board members of the broadcaster are said to have taken a close look at several funding options. There is a lot of work to be
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Boris Johnson’s decision to keep the social care fee has infuriated backbenchers. The tax is set to go into effect in 2023, with a 1.25 percent increase in national insurance contributions.This news comes after the Queen’s Speech, which did not include any new tax cuts. There were no pledges to
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The Prime Minister is also facing requests for an emergency budget to combat the rising cost of living. The Tories want Mr Sunak to rescind last month’s national insurance hike to assist promote economic development. The Tories lost nearly 400 council seats throughout England, including Barnet, Wandsworth, and Westminster in London. Even if Tory MPs believed
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Angela Rayner has been told to cease repeating “unreliable” assertions that Britons are £2,620 worse off due to rising living costs. After the Deputy Labour Leader tweeted about increasing costs and their impact on people’s wallets. In a tweet posted by Labour shadow ministers, Ms Rayner claimed the Conservatives had
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As Boris Johnson comes under immense pressure to get a handle on Britain’s energy security, the cabinet is said to be split on the plan going forward. Later this week, Boris is said to be releasing his plans for Britain’s energy security. He is said to be giving the green
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