Labour accuses Kwasi Kwarteng of ‘fanning flames’ of falling pound
Shadow chancellor Rachel Reeves accused the Government of recklessly gambling with the nation’s finances.
Shadow chancellor Rachel Reeves accused the Government of recklessly gambling with the nation’s finances.
Sterling hit its lowest level against the dollar since decimalisation in 1971, falling by more than 4% to just 1.03 dollars in early Asia trading.
The Prime Minister and Chancellor Kwasi Kwarteng defended their controversial raft of tax cuts amid accusations they mainly benefit the rich.
The Prime Minister is ‘unapologetic’ in focusing ‘relentlessly’ on growth amid criticism her tax-slashing package mainly benefits the wealthy.
The Labour leader arrived in Liverpool on Saturday ahead of his party’s annual gathering.
Chancellor Kwasi Kwarteng’s tax-slashing programme has come under fire for mainly benefiting the rich.
Supporters of the Labour leader hope he will make the most of his ideological advantage over the Government.
The Chancellor said the measures are ‘absolutely fair’ despite accusations they will deepen inequality.
The Chancellor abolished the top rate of income tax for the highest earners.
One charity has called Chancellor Kwasi Kwarteng’s plans to cut taxes for the wealthy ‘grotesque’.
‘It is half a century since we have seen tax cuts announced on this scale,’ according to Paul Johnson, director of the IFS .
The shadow chancellor said Kwasi Kwarteng’s statement had acted as a comprehensive demolition of the Conservatives’ record in power.
The Chancellor announced a raft of tax cuts in a mini-budget.
The author has written three titles in the James Bond book franchise, but says he will not be doing any more.
Ads from Coral and Rank Digital Gaming fell foul of the Advertising Standards Authority.