Liz Truss questioned by MPs for saying she is not ‘genuinely unclear’
Prime Minister Liz Truss said she has no plans to make any cuts to public spending but will make sure “we spend public money well”.
Ms Truss was questioned during Prime Minister’s Questions (PMQs) about a spending commitment she made during the Conservative leadership contest.
Labor leader Keir Starmer asked: “During her leadership contest, the Prime Minister said: ‘I’m very clear, I’m not planning cuts in public spending’. Will she stand by that?”
Mrs Truss replied: “Absolutely. We are spending almost a trillion pounds in public spending. In 2010 we were spending £700 billion. What we will ensure is that in the medium term the debt comes down. But we will not do that by cutting public spending, but making sure we spend public money well.”
Sir Starmer also accused Mrs Truss of being “lost in denial” as the Prime Minister was mocked in the Commons for claiming she had “protected” the UK economy.
Meanwhile, Kwasi Kwarteng is meeting IMF leaders today and will try to reassure officials that everything is under control.
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ICYMI: Tory MPs in talks with Labor to block Liz Truss’ fracking plans
Tory MPs are said to be discussing with Labor ways to block Liz Truss’ decision to allow fracking at sites in England.
Read the full story here:
Tory MPs in talks with Labor to block Liz Truss’ fracking plans
MPs always ‘have a voice’ says business secretary Jacob Rees-Mogg on prospect of rebellion
Maroosha Muzaffar October 13, 2022 6:30 am
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Labor is winning the southern Tory heartland thanks to Liz Truss, poll shows
Labor is poised to capture large swaths of the Tories’ southern heartland after Liz Truss’ disastrous first month as prime minister, a new poll shows.
Keir Starmer’s party, which was 29 points behind the Tories in the so-called “blue wall” seats at the 2019 election, is now 21 points ahead.
All 42 constituencies polled are southern seats traditionally won by the Conservatives, where the Lib Dems came second last time.
Read the full story here:
Labor is winning the southern Tory heartland thanks to Liz Truss, poll shows
So-called “blue wall” seats see a big collapse in traditional support for the Tories
Maroosha Muzaffar October 13, 2022 6:20 am
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Chancellor to meet IMF leaders amid economic chaos
Kwasi Kwarteng will meet IMF leaders today and try to reassure officials that everything is under control, it was reported.
Amid the economic chaos, Liz Truss and Kwarteng argue that the cuts are necessary to get Britain’s economy growing again. The chancellor will meet IMF leaders in Washington DC today after the institution’s chief economist said the tax cuts threatened to cause “trouble” for the UK economy.
Maroosha Muzaffar October 13, 2022 6:10 am
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ICYMI: Kwasi Kwarteng’s ‘original sin’ caused UK uproar, ex-BoE MP says
The radical economic plan presented by Liz Truss and her chancellor Kwasi Kwarteng is the “original sin” to blame for continued market turmoil, the former deputy governor of the Bank of England has said.
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Kwasi Kwarteng’s ‘original sin’ caused riots, ex-BoE MP says
Sir Charlie Bean says the bank could extend emergency action to ease “pressure” on the government
Maroosha Muzaffar October 13, 2022 06:00
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Liz Truss faces backlash as angry Tory MPs call for U-turns on tax plans
Liz Truss is facing an open revolt from Tory MPs who are demanding more twists in her mini-budget of tax giveaways, after she ruled out spending cuts to balance the nation’s books.
The increasingly distraught Tories made it clear the Prime Minister should reverse or postpone his decision to scrap a planned 2023 corporation tax rise, costing £18.7bn.
Read the full story by Andrew Woodcock, Anna Isaac and Kate Devlin here:
Liz Truss faces backlash as angry Tory MPs call for U-turns on tax plans
Prime Minister accused of ‘erasing 10 years of Toryism’ by angry MP
Maroosha Muzaffar October 13, 2022 5:50 am
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Liz Truss faces mounting pressure to scrap tax cut plans
Liz Truss was under fire from her own MPs as they demanded more twists on her tax-cutting agenda after ruling out spending cuts to balance the books.
The Prime Minister’s leadership was in renewed jeopardy as she was accused of “erasing the last 10 years” from the Tories’ record in a bruising meeting with the backbenches.
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Liz Truss faces mounting pressure to scrap tax cut plans
The Prime Minister was accused of “erasing” Tory values as an attempt to win over rioting MPs backfired.
Maroosha Muzaffar October 13, 2022 5:40 am
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Jacob Rees-Mogg claims parts of the economy are in “good shape” and insists pensions are secure
Cabinet minister clashes with BBC host, reveals his own mortgage payments have gone up.
Read Adam Forrest’s full story here:
Jacob Rees-Mogg says parts of economy in ‘good shape’
Cabinet minister clashes with BBC host, reveals his own mortgage payments have soared
Maroosha Muzaffar October 13, 2022 5:30 am
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Sir Keir Starmer accuses Liz Truss of being ‘lost in denial’
Sir Keir Starmer accused the Prime Minister of being “lost in denial” as Liz Truss was mocked in the Commons for claiming she had “protected” the UK economy.
Ms Truss also said the government should not cut public spending, despite the market chaos caused by the borrowing set out in Chancellor Kwasi Kwarteng’s mini-budget.
Sir Keir told the Commons that Mrs Truss was “lost in denial… no wonder investors have no confidence in her government”.
Read the full story here:
Liz Truss ‘lost in denial’ says Keir Starmer as PM claims no spending cuts ahead
The Prime Minister was mocked in the Commons after insisting he has “protected” the UK economy
Maroosha Muzaffar October 13, 2022 5:20 am
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‘Niche activity’: MPs not turning up to scrutinize major Brexit legislation
It has been claimed that the Government’s Brexit legislation is not being properly scrutinized because MPs are not turning up for parliamentary sessions on it.
A new report by constitutional experts from the Institute for Government details how scrutiny of EU issues has “reduced” and become “a niche activity” in the green banks.
Read the full story here:
MPs fail to turn up to scrutinize major Brexit legislation
The European Scrutiny Committee was barely attended by Labor MPs
Maroosha Muzaffar October 13, 2022 5:13 am
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Liz Truss says she won’t cut public spending
Prime Minister Liz Truss said she has no plans to make any cuts to public spending but will make sure “we spend public money well”.
During Prime Minister’s Questions (PMQs), Ms Truss was questioned about a spending commitment she made during the Conservative leadership contest. Sir Keir Starmer asked: “During her leadership contest, the Prime Minister said: ‘I’m very clear, I’m not planning cuts in public spending’. Will she stand by that?”
Mrs Truss replied: “Absolutely. We are spending almost a trillion pounds in public spending. In 2010 we were spending £700 billion. What we will ensure is that in the medium term the debt comes down. But we will not do that by cutting the public spending, but making sure we spend public money well.”
Maroosha Muzaffar October 13, 2022 5:08 am