The Labour Party is dangerously underestimating Liz Truss’s Tories

There’s a new groupthink gripping British politics. Namely that the Conservative Party has officially lost its mind. Labour, the centre-Left commentariat, a host of establishment economists and a great many Tory MPs are united in horror over the Government’s gamble on “casino” Trussonomics. The story goes that “tax cuts for the rich” are as economically … Read more

Ethics rules for London mayor must be strengthened, review finds | Boris Johnson

Ethics rules for the London mayor must be strengthened as Boris Johnson may have failed to meet the expected standard of public figures over his failure to declare personal links to the US businesswoman Jennifer Arcuri, an inquiry into the affair has been found. An investigation by the Greater London Authority’s oversight committee said Johnson … Read more

British pound crashes to record low — in 6 charts – POLITICO

The currency markets reacted to new UK Chancellor Kwasi Kwarteng’s mini-budget on Friday with a rapid sell-off of Sterling, leading to a slide in the pound’s value against the dollar and other currencies. Markets were spooked by the government’s plans to slash taxes by £45 billion without significant spending cuts. That means government borrowing will … Read more

Shoulder surgeon may have put hundreds of patients at risk as decade of complaints revealed

Angela Glover underwent two operations by Mr Shah. It later emerged a screw had been inappropriately placed during the first procedure, the BBC reported. Her partner, Simon Roberts, said she was in “constant pain” and it has affected her mental health. He told the BBC: “Angela’s not confident to hold a baby and that’s very … Read more

King Charles’s new royal cypher revealed

The King’s new cypher has been revealed ahead of the official period of royal mourning ending. Charles’ monogram will appear on government buildings, state documents and on some post boxes in the coming months and years. The cypher feature’s the King’s initial C intertwined with the letter R for Rex – Latin for King – … Read more

Banks pull mortgages from sale amid interest rate chaos

In a pointed reference to market demand for forecasts for the public finances from the independent Office for Budget Responsibility (OBR), which were not released by Kwasi Kwarteng, the Chancellor, when he announced plans to slash taxes last week, Mr Bailey said: “ I welcome the Government’s commitment to sustainable economic growth, and to the … Read more

Lenders including Halifax pull mortgages from sale amid market volatility after pound falls

Three lenders have temporarily pulled mortgages that come with fees for new customers in response to market volatility prompted by the fall of the pound. Halifax, Britain’s largest mortgage lender, is to withdraw the products until it works out what interest rates to charge, according to Reuters news agency. Virgin Money and Skipton have reportedly … Read more

‘Out of control’: what the papers said about government handling of UK’s sterling crisis | Newspapers

Turmoil in financial markets which saw the pound fall to a record low against the dollar dominates today’s front pages. The currency tumbled as investors lost confidence in the UK’s public finances after last Friday’s mini-budget. the Guardian leads with “Sterling crisis deepens as Truss’s strategy unravels,” reporting that the government was struggling to prevent … Read more