'He deserved to go to jail': driver of double-fatal crash sentenced A friend of crash victim Jemima Dowding said she was a 'beautiful person'. Newcastle Herald · Jul 3, 2024
Liz Truss: this is what happens when governments pursue growth at all costs When Chancellor Kwasi Kwarteng unveiled his mini-budget on September 23, he was making it clear that the government is prioritising economic growth over inflation – which was one reason the financial markets reacted so badly to his plan. The Conversation · Oct 6, 2022
Michael Pascoe: RIP trickle-down economics – even the financial markets have given up Trickle-down economics: The cry of “you can’t tax your way to prosperity” is joined by “you can’t tax cut your way to prosperity either”. The New Daily · Sep 27, 2022
Why the ‘Barber boom’ that Kwasi Kwarteng’s mini-budget recalls was destined for disaster A reckless dash for growth is nothing new. Ted Heath’s chancellor Anthony Barber tried one in 1971, but it didn’t turn out well The Guardian - UK · Sep 25, 2022
‘It’s extraordinary’: Liz Truss’s low-tax gamble has yet to convince Tory MPs Colleagues ask if the new PM and chancellor Kwasi Kwarteng’s experiment is ‘a stroke of genius – or will blow up the economy’ The Guardian - UK · Sep 24, 2022
Time is against Liz Truss as she bets big on plan to turn economy around With an election two years away, failure could shred the Tories’ economic credibility The Guardian - UK · Sep 23, 2022
Pound sinks in reaction to huge UK stimulus LONDON: The British pound plunged to a 37-year low and stocks sank after the government delivered the most sweeping tax cuts since 1972, as economists warned that the ambitious plan was unsustainable at a time when inflation is rampant. Bangkok Post · Sep 23, 2022
Mini budget 2022: experts react to the new UK government's spending and tax-cut plans UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement. The Conversation · Sep 23, 2022
A look back to 1972, the last time tax cuts so big were brought in At the time of Anthony Barber’s ‘dash for growth’ budget, a pint of milk cost 6p, Nilsson was top of the charts and Brian Clough was in his heyday at Derby County The Guardian - UK · Sep 23, 2022
Kwarteng package has ‘biggest tax cuts since 1972’, says leading economist ‘It is half a century since we have seen tax cuts announced on this scale,’ according to Paul Johnson, director of the IFS . The Independent UK · Sep 23, 2022
UK facing 1970s-style balance of payments crisis under Liz Truss Tax cuts and spending pledges could alarm global markets and trigger a 30% collapse in sterling, Deutsche Bank warns The Guardian - UK · Sep 5, 2022
Tory leadership hustings – Birmingham: Liz Truss confirms she will allow new grammar schools – as it happened This live blog is now closed. The Guardian - UK · Aug 23, 2022