The Labour government could face fresh trouble just days into the new administration amid concerns electric vehicle sales targets are being missed. Keir Starmer’s party won a landslide victory last week, taking 412 seats in the House of Commons, forcing Rishi Sunak to resign as prime minister, while the Conservatives lost 251 seats in parliament. … Read more
New Labour Prime Minister Keir Starmer will make his position known during the Speech from the Throne on July 17. (REUTERS/Reuters) The Labour Party won a landslide victory on Thursday night, taking the British Parliament to 412 seats by Friday afternoon. Eleven members of the outgoing Conservative government lost their seats, in a defeat for … Read more
Painful new taxes were introduced under the Conservatives. The bank levy brings in around £1.5 billion a year to the Treasury. The bank surcharge, introduced to prevent lenders benefiting from corporate tax cuts, has raised £2.5 billion in the 2022-2023 period, although that revenue is declining now that corporation tax has risen again. Matthew Lesh … Read more
“Families and businesses will have lower bills forever.” That is a promise the Labor Party will make to the British public when it comes to power. One of Labour’s six ‘missions’ for the government is to make Britain a ‘clean energy superpower’ by 2030, investing in wind, solar and carbon capture and energy storage. Great … Read more
Labor plans more than 60 regulatory increases that would saddle businesses with tens of billions in extra costs, an analysis shows. The Institute for Economic Affairs (IEA) said Labor would increase red tape in a range of areas, from accelerating the ban on petrol cars to imposing energy efficiency standards in rental properties. In a … Read more
The push could increase if the Labor Party takes action potentially less than six weeks after taking power. When Tory Chancellor Jeremy Hunt proposed an IHT cut in the run-up to the election earlier this year, Labor leader Keir Starmer said he was “fundamentally opposed” and would reverse any cut as Prime Minister. Many within … Read more