The Latest Breaking News from Jacob ReesMogg

Energy Prices Bill: Government profit cap on renewable energy explained

Energy bosses have said they were concerned that the profit cap could put off investors.

Evening Standard · Oct 12, 2022

Mini-budget will not lead to promised growth, leading economists tell MPs

Economic confidence in UK seriously undermined by Kwarteng and Truss’s ‘guerrilla tactics’, Commons committee hears

The Guardian - UK · Oct 12, 2022

Liz Truss promises NO cuts despite '£60bn needed' as Keir Starmer blasts her 'madness'

Liz Truss was facing angry MPs who are demanding she tears up more of her mini-Budget - after a month with no PMQS that has been marked by U-turns and financial turmoil

Daily Mirror · Oct 12, 2022

New cap on renewable energy revenue not a windfall tax, says Rees-Mogg

The announcement on Tuesday that the Government would introduce a “cost-plus revenue limit” prompted accusations the move amounted to a windfall tax.

The Independent UK · Oct 12, 2022

Jacob Rees-Mogg says pensions not at risk as he hits out at BBC

Business secretary claims impartiality rules breached by suggestion market turmoil is linked to mini-budget

The Guardian - UK · Oct 12, 2022

No 10 warns of ‘difficult decisions’ on public spending despite Truss’s vow to avoid cuts – as it happened

Statement from No 10 comes straight after PM told MPs she was ‘absolutely’ committed to avoiding public spending cuts

The Guardian - UK · Oct 12, 2022

Prime Minister ‘carefully considering’ bank holiday for King’s coronation

Liz Truss looking ‘carefully’ at public day off for nation as Business Secretary Jacob Rees-Mogg says it would be ‘appropriate’ to celebrate the ‘splendid historic’ occasion

Evening Standard · Oct 12, 2022

Jacob Rees-Mogg claims parts of economy in ‘good state’ and insists pensions safe

Cabinet minister clashes with BBC host – and reveals his own mortgage payments have gone up

The Independent UK · Oct 12, 2022

Jacob Rees-Mogg: My mortgage has gone up

Higher mortgage costs have been partly blamed by economists on Kwasi Kwarteng’s mini-Budget

Evening Standard · Oct 12, 2022

‘Windfall tax’ for low-carbon energy firms in U-turn from Liz Truss

Labour say prime minister ‘dragged kicking and screaming’ to levy

The Independent UK · Oct 11, 2022