Kwasi Kwarteng confirms government will abandon plan to scrap top tax rate following strong criticism of his mini-budgetQ: Where does this leave your credibility?Kwarteng says he has been in parliament for 12 years. He says ministers do sometimes chang…
Government makes U-turn over proposal to abolish top-rate tax cut after growing backlash over mini-budgetPolitics live – latest updatesLiz Truss’s government has abandoned its plan to abolish the 45% top rate of income tax, following a turbulent reacti…
Climate Change Committee chair says measures needed to cut energy bills will also help reach net zeroTackling the cost of living crisis requires insulating British homes as a matter of urgency and deploying renewable energy generation faster, the chair…
Transparency International says 33 properties worth £700m may be linked to sanctioned RussiansRussia-Ukraine war: live updatesThe British government’s ability to investigate the true ownership of properties has come into question after researchers foun…
Researchers also found more than 60% of 16-25-year-olds are scared about their generation’s future‘We gave up so much’: how Covid changed young people’s livesMore than a third of young people feel their life is spiralling out of control, according to f…
Exclusive: work that has divided opinion will be sold by Sotheby’s with estimate of $30m-$40mIt was labelled “a monstrosity” and a work of art so bad that it deserved to be interred, not displayed. But many more recognised it as a work of genius, Henry…
Government says change would apply to all new regulations and it would look to raise in threshold in futureMinisters are seeking to exempt firms with up to 500 staff from new regulations with unions warning that they could soon be spared from reporting…
Drinks reception with wealthy Tory donors took place on same day the chancellor delivered mini-budgetPressure is growing on the Tory party to provide a full list of attendees at a private champagne reception attended by the chancellor, Kwasi Kwarteng, …
Party conference overshadowed by fears that refusing to do a U-turn on tax and spending cuts will kill off election chancesLiz Truss is struggling to persuade Conservative MPs to back her controversial mini-budget, with some even threatening all-out re…
Tory MPs fear voters see them as the nasty party again after the prime minister refused to rethink tax cuts for the richLiz Truss has long channelled Margaret Thatcher – echoing her rhetoric, her free market instincts and even her clothes – but as the …