UK News and Discussions

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Time_Traveller
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wjfox wrote: Wed Jul 20, 2022 3:08 pm Mordaunt is out.

That just leaves Sunak and... (omg) ... Truss.

Maybe it's better this way. The Tories will further implode with a dunce like Truss at the helm, paving the way for a bigger Labour win in '24.
Well i hope you are right but there is still 2-4 days to go until its officially confirmed.
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UK inflation hits new 40-year high of 9.4% as cost-of-living crisis deepens

PUBLISHED WED, JUL 20 2022 2:04 AM EDT UPDATED WED, JUL 20 2022 2:26 AM EDT
Elliot Smith
@ELLIOTSMITHCNBC
https://twitter.com/ELLIOTSMITHCNBC
KEY POINTS
-- The consumer price index rose 9.3% annually, in line with a consensus forecast among economists polled by Reuters and up slightly from 9.1% in May.
-- Bank of England Governor Andrew Bailey suggested on Tuesday that policymakers could consider a 50 basis point hike at its August policy meeting in order to reel in inflation.

LONDON — U.K. inflation hit yet another new 40-year high in June as food and energy prices continued to soar, escalating the country’s historic cost-of-living crisis.

The consumer price index rose 9.4% annually, according to estimates out Wednesday, slightly above a consensus forecast among economists polled by Reuters and up from 9.1% in May. (1)

This represented a 0.8% monthly incline in consumer prices, exceeding the the previous month’s 0.7% rise but remaining short of the 2.5% monthly increase in April.

The U.K.’s Office for National Statistics said in Wednesday’s report that its indicative modelled consumer price inflation estimates “suggest that the CPI rate would last have been higher around 1982, where estimates range from nearly 11% in January down to approximately 6.5% in December.”
{snip}

(1) https://www.cnbc.com/2022/06/22/uk-infl ... sists.html

Read more: https://www.cnbc.com/2022/07/20/uk-infl ... epens.html
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Tory leadership race reaches final two - what happens next?
Source: The Guardian

As of 4pm on Wednesday, five rounds of voting by Conservative MPs have produced a final two candidates for party leader, ready for the next stage. That process – and the choice of who becomes prime minister – will be down to Tory party members.

The party does not say how many members it has, with estimates varying between about 140,000 and 200,000. Every member gets a vote as long as they joined before 3 June this year, three months before the end of the ballot. People who are members of more than one party association get a single vote.

Ballots will be posted to members, and are due to arrive between 1 August and 5 August. The vote closes at 5pm on 2 September, with the winner announced on 5 September. They would most likely formally become prime minister a day afterwards.

While members have a month to vote, experience of such postal ballots shows a lot of people tend to do it immediately, placing a premium on a rapid, hard-hitting early campaign by the two candidates.

Read more: https://www.theguardian.com/politics/20 ... ty-members
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Sunak would not cut taxes before autumn 2023, in clear divide with Truss
Thu 21 Jul 2022 13.24 BST

Rishi Sunak would not cut personal taxes until at least autumn 2023 to avoid fuelling inflation, the Guardian understands.

The position is expected to be a clear dividing line between Sunak and his rival, Liz Truss, who has promised an emergency budget to cut taxes immediately.

Sunak’s pledge to Conservative members will be that it is the most Conservative position to be fiscally responsible and to offer the country sound economic management.

Sunak has previously said he would not cut taxes until inflation was under control, which the source said was unlikely to be before late 2023 – meaning it would be unlikely to take effect before April 2024. His autumn tax plan, devised as chancellor, would give relief to some businesses earlier.

Truss said on Thursday that her plans to cut taxes would “decrease inflation”, and that as prime minister she would “keep taxes low”. When asked whether borrowing more than £30bn to fund the tax cuts would increase or decrease inflation, Truss said: “My tax cuts will decrease inflation.”
https://www.theguardian.com/politics/20 ... -liz-truss
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Tory leadership race live: Liz Truss extends lead over Rishi Sunak among Tory members in race to be PM, poll reveals
21 July 2022

Liz Truss has extended her lead among Tory members over Rishi Sunak as the final stage of the race for Number 10 gets under way.

A YouGov poll taken on Wednesday evening and Thursday morning found the foreign secretary would beat the former chancellor by 62% to 38% among those who would vote. This is a 24 percentage point lead, up from a 20 point lead two days previously.

This is significant because on Tuesday, when the last poll was published, the Sunak campaign had argued they had a degree of momentum and were closing the gap, but this poll reverses that trend.

The latest poll found 15% said they do not know how they would vote.
https://news.sky.com/story/tory-leaders ... n-12593360
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Starmer says he won’t be ‘ideological’ amid renationalisation row
Mon 25 Jul 2022 16.07 BST

Keir Starmer said he would not be “ideological” about nationalising public utilities, after the shadow chancellor, Rachel Reeves, prompted a backlash by suggesting Labour had ditched plans to take rail, water and energy back into public ownership.

On the day when Starmer gave a keynote speech highlighting his intention to focus on “growth, growth, growth”, a shadow cabinet row broke out about the party’s policy on renationalisation.

The shadow transport secretary, Louise Haigh, tweeted: “Labour is committed to public ownership of rail,” after both Reeves and Starmer appeared to back away from the policy.

Asked on BBC Radio 4’s Today programme on Monday whether Labour supported the nationalisation of rail, water and energy, Reeves pointed to the fact that Starmer had scrapped the 2019 manifesto, and suggested the policy would conflict with her determination to balance the books.

She said the policy was “a commitment in a manifesto that secured our worst results since 1935”, adding that “to be spending billions of pounds on nationalising things, that just doesn’t stack up against our fiscal rules”.
https://www.theguardian.com/politics/20 ... sation-row
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UK to host Eurovision song contest in 2023 on behalf of Ukraine
Mon 25 Jul 2022 15.17 BST

The Eurovision song contest will be hosted in the UK next year after Ukraine’s public broadcaster dropped its objections and agreed to work with the BBC on the event.

Ukraine won this year’s Eurovision with the song Stefania by Kalush Orchestra, earning the right to host the 2023 edition. However, organisers concluded this could not be done safely while the country was at war with Russia – angering the Ukrainian government, which said it had submitted a workable safety plan.

The Ukrainian culture minister, Oleksandr Tkachenko, told the Guardian last month his country was ready to host Eurovision. He said the European Broadcasting Union (EBU), which organises the event, should “consider how to change the rules of Eurovision for the country that is fighting for independence and democracy”.

In a compromise, the UK will host next year’s contest but produce a programme that – in the words of the BBC – has “glorious Ukraine at its heart”. Ukraine will automatically qualify for the grand final, while there will be a special logo to mark the unusual circumstances of the event.

“The show will celebrate the culture and heritage of Ukraine as the winners of the 2022 contest, alongside the Eurovision’s proud tradition of celebrating diversity through music,” said a BBC spokesperson.
https://www.theguardian.com/tv-and-radi ... of-ukraine
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Audrey White tells Starmer what she really thinks of his leadership of the Labour party.
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