Kwasi Kwarteng planning to scrap caps on bankers’ bonuses Critics question chancellor’s idea of abolishing rules imposed after 2008 financial crash during cost of living crisis The Guardian - UK · Sep 15, 2022
Kwarteng considers removing cap on bankers’ bonuses EU limit introduced in the wake of the 2008 financial crisis curbs annual pay-outs to twice a banker’s salary Insider UK · Sep 15, 2022
Chancellor wants to scrap bankers’ bonus cap to boost City of London Boris Johnson backed away from move, fearing political backlash – but Kwasi Kwarteng has put it back on agenda The Independent UK · Sep 15, 2022
Kwasi Kwarteng to lift cap on banker bonuses; John Lewis slumps to £99m loss –as it happened Chancellor reportedly plans to lift the EU-imposed banker bonus cap as part of post-Brexit reforms; John Lewis says ‘uniquely uncertain’ outlook puts staff bonuses at risk The Guardian - UK · Sep 15, 2022
Liz Truss draws up plans to SCRAP bankers' bonus cap in middle of cost of living crisis Chancellor Kwasi Kwarteng, who was one of Liz Truss's first appointments when she became Prime Minister last week, is weighing up abolishing a cap that means bosses cannot award more than double an employee's salary Daily Mirror · Sep 15, 2022
Sacking of Treasury official ‘retrograde and worrying’, says ex-Whitehall chief Sir Tom Scholar’s dismissal marks a shift towards ministers seeking advice that aligns with their own views, Lord Kerslake said. The Independent UK · Sep 14, 2022
The Guardian view on Kwasi Kwarteng: better at making enemies than forging policy Editorial: The new chancellor is trying to wrongfoot Labour. That’s an easier game than living up to his pledges The Guardian - UK · Sep 14, 2022
Kwasi Kwarteng sacking Tom Scholar marks ‘shift away from impartial advice’ Exclusive: Former head of civil service says move is ‘disgraceful’ and will have a ‘chilling effect’ The Guardian - UK · Sep 14, 2022
Liz Truss urged to relax earthquake limits on fracking ahead of ban lift The Prime Minister is set to lift the ban on fracking as soon as next week to make Britain energy independent by 2040. The 2019 Tory manifesto pledged not to do so unless it was scientifically proven to be safe amid concerns over earthquakes. Daily Mirror · Sep 14, 2022
Whitehall fury grows over sacking of top Treasury official Sir Tom Scholar’s sacking shows Liz Truss wants to surround herself with ‘yes men’, says former civil service leader The Independent UK · Sep 14, 2022
When is Kwasi Kwarteng's mini-Budget and what will be in it for you? Liz Truss's Chancellor Kwasi Kwarteng will deliver a 'fiscal event' this Friday - with tax cuts, freeports on steroids and the end of a bankers' bonus cap all on the cards Daily Mirror · Sep 14, 2022
No 10 bid to shorten conference recess so MPs can return to Westminster Parliament is currently suspended while political action is paused until an unspecified date after the Queen’s funeral on Monday The National (Scotland) · Sep 14, 2022
New chief secretary to Treasury faces questions over financial interests Chris Philp, who has responsibility for spending policy in relation to housing and planning, has stake in property finance company The Guardian - UK · Sep 13, 2022
Kwarteng plan to boost growth ‘could take decade to achieve target’ Expected ‘sugar rush’ of tax cuts could knock growth off track by forcing up inflation and interest rates, economists warn The Independent UK · Sep 13, 2022
The Guardian - UK · Sep 13, 2022 How is Liz Truss’s government challenging ‘Treasury orthodoxy’? Sir Tom Scholar’s removal as Treasury’s top mandarin signals attempt to change department’s view of the world
Daily Mirror · Sep 13, 2022 Mini-Budget held next week - but Parliament will only sit for a few days in three months Despite a mini-Budget next week, the Commons could sit for just five 'normal' days between July 22 and October 17 - as skyrocketing inflation hits and key questions on energy bills lie unanswered
The Guardian - UK · Sep 13, 2022 Focus on growth not fiscal discipline, Kwasi Kwarteng tells Treasury Chancellor suggests change of emphasis is needed after he sacked top civil servant whom he credited for tight control of spending
The Guardian - UK · Sep 13, 2022 Kwarteng ‘tells Treasury to focus entirely on growth’ as Tory peer defends sacking of senior civil servant – as it happened The new chancellor is reported to have told Treasury staff there was a need to ‘do things differently under fresh leadership’
The Independent UK · Sep 13, 2022 New chancellor tells Treasury to aim for growth not seen since 2008 crash Kwasi Kwarteng demands annual 2.5 per cent rise, after Liz Truss blamed Treasury ‘orthodoxy’ for UK’s feeble economic record
Birmingham Post · Sep 12, 2022 'Fiscal event' emergency statement could happen next week as Liz Truss and Kwasi Kwarteng address cost of living crisis Statement similar to an emergency Budget may address business concerns
The Guardian - UK · Sep 11, 2022 Sacking Tom Scholar risks politicising civil service, says Lord Butler Former cabinet secretary says move by Liz Truss on her first day in office was ‘very unusual and very regrettable’
The Guardian - UK · Sep 11, 2022 Putin is waging an economic war with Europe. Britain’s absurd energy plan plays into his hands The Tories’ ideology of daffy libertarianism seeks to triumph over evidence and reason
The Guardian - UK · Sep 11, 2022 Fears of parliamentary ‘paralysis’ as Queen’s funeral leaves parties in limbo Mourning has halted debate just when the opposition wanted to put pressure on new PM – but Labour conference will go ahead
The Guardian - UK · Sep 11, 2022 The Commons was filled with fury – then came news about the Queen In her first days as premier, Liz Truss was announcing plans for unprecedented spending when politics came to a halt
The Independent UK · Sep 9, 2022 Mourning period throws Liz Truss plans to ‘hit ground running’ into disarray Government business suspended for 10-day period, and major events at risk