Rishi Sunak said he wants to cut UK taxes — but only once he’s got a handle on inflation and borrowing — as he sought to allay concerns in his Conservative Party about the current burden on British households.
The UK’s main opposition Labour Party made significant early gains in local elections in England, highlighting the scale of the task facing the Prime Minister Rishi Sunak to turn around his party’s fortunes before an expected national vote next year.
Chancellor of the Exchequer Jeremy Hunt said consumers and companies need to be able to access their money quickly in the event of a bank collapse, as the UK government seeks to learn from the failure of California’s Silicon Valley Bank.
The UK’s main opposition Labour Party will pledge to reinstate local housing targets to spur construction as it tries to claim political territory vacated by Prime Minister Rishi Sunak’s Conservatives.
Britain is well-placed to attract high-growth companies, despite increasing global competition due to interventions such as US President Joe Biden’s massive package of subsidies and tax breaks for green industries, a government minister said.
Prime Minister Rishi Sunak said his government is making progress on cutting the number of people coming to the UK from France on small boats, though he struggled to fend off questions about whether adverse weather is the main reason behind the year-on-year decline this year.