Financial Secretary to the Treasury Andrew Griffith MP says that 'reducing the right to strike so that we can keep the economy moving' is in the government's growth plan and adds that the Chancellor and Bank of England are 'working tightly together'
OBR confirms on record my story from 9 days ago that it prepared a draft forecast for new Chancellor waiting for him on first day at Treasury 6th September, and that an offer for a legally compliant forecast to accompany the mini-budget was rejected.
Thanks to the Growth Plan, a typical first time buyer in London moving into a representative terraced house will save £11,250 on stamp duty & £1,050 on the household's energy bills - and if they earn £30,000 almost an additional £400 on tax.
One of the most depressing things about the interviews with the PM and Treasury chief secretary Philp is that when asked about soaring mortgage rates, they say “interest rates are a matter for the Bank of England”. And so they refuse to engage. This is a red herring, and
The sacking of the permanent secretary at the Treasury Tom Scholar by Kwasi Kwarteng as his first act as chancellor is now a very real problem for the Chancellor, after the Bank of England has been forced to initiate an emergency markets operation to prevent the soaring...