Liz Truss takes on Tory rebels in battle to rein in benefits

Mel Stride, the Tory Treasury committee chairman, told BBC Radio 4’s World at One that more mini-Budget U-turns may be needed. “It may be there will be even yet further requirements to unwind some of those positions,” he said. Esther McVey, the former work and pensions secretary, told a fringe event: “I have to say … Read more

Ignore the hyperbolic overreactions to the 45p U-turn

One minute you are cock of the walk, the next a feather duster, as the former tabloid editor Piers Morgan would put it. Chancellor Kwasi Kwarteng will be getting off lightly if this is the worst that is said about him after his rapid about-turn on cutting the 45 per cent top rate of income … Read more

Ireland deserves no apology for Brexit

The comments by Steve Baker at the Tory conference have caused significant angst amongst unionists and loyalists in Northern Ireland, feeding the perception that this Government is continuing the tradition of its predecessors in putting the interests of nationalists and the Irish government above those of unionists. Put simply: unionists must give, nationalists must get.  … Read more

Tory Party conference latest LIVE: Kwasi Kwarteng makes humiliating U-turn on 45p top tax rate

Mr Kwarteng tweeted: “It’s clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our country. “As a result, I’m announcing we are not proceeding with the abolition of the 45p tax rate. We get it and we have listened.” The humiliating move … Read more

Liz Truss has become another Theresa May

So, it transpires that, unlike her heroine, the lady IS for turning. At the very first opportunity, Liz Truss has folded on a signature policy – reducing the upper rate of income tax from 45 pence to 40 pence. No one can say there weren’t warnings of her flakiness: during the leadership election she similarly … Read more

Putin ‘highly unlikely’ to use nuclear weapons but is not rational, says Wallace

V ladimir Putin is “highly unlikely” to use nuclear weapons in the Ukraine conflict but he is not acting in a “rational” way, Defence Secretary Ben Wallace has said. The Russian president has threatened to use “all the means at our disposal” if his country is threatened, seen as a sign that he could use … Read more

Tory revolt forces Liz Truss to delay 45p tax rate vote

On Monday, Kwasi Kwarteng, the Chancellor, will unveil a “promise to the people of this country” that his economic plan is “sound, credible and will increase growth”. He will say: “We must stay the course. I am confident our plan is the right one.” On Sunday, Ms Truss said that cutting the 45p rate of … Read more

Liz Truss dares to defuse Gordon Brown’s tax time bomb – but it could yet blow up in her face

One rebel MP said: “I have spoken to more than 20 other Conservative MPs who are against this, and I’ve spoken to Cabinet ministers who are angry they weren’t consulted and are very very unhappy about the whole thing.  “There are also a couple of parliamentary private secretaries who say they will resign if she … Read more

Only my growth plan will reverse Britain’s managed decline, says Liz Truss

On Sunday, Michael Gove, who backed Rishi Sunak in the Tory leadership contest, is expected to join those demanding a change in course. Ms Truss said her planned combination of tax cuts and supply-side reforms is part of a “reset” to “get the economy going” and drive growth. She said: “That’s what people need to … Read more

Kwasi Kwarteng lines up Antonia Romeo to become the Treasury’s top civil servant

Kwasi Kwarteng is preparing to announce his new top civil servant this week, with a mandarin who worked alongside Liz Truss understood to be his favoured candidate. Antonia Romeo, who is said to have outshone competition from rivals from across Whitehall, would be the first female permanent secretary at the Treasury. The planned announcement comes … Read more