Daily uk news Rishi Sunak mulls Autumn Statement fallout with Cabinet as Tories threaten revolt over 'socialist' tax raid ahead of votes TONIGHT - while Labour maintains massive 21-point poll lead PremierLeague-News.Com
PremierLeague-News.Com - Rishi Sunak met his Cabinet in Downing Street as they digest the fallout from the huge package to balance the government's books last week.
PremierLeague-News.Com - Breaking Sport Transfer News ! Rishi Sunak is gathering his Cabinet today as he faces Tory revolt threats over the Autumn Statement.The PM and his senior team are meeting in Downing Street as they digest the fallout from the huge package to balance the government's books last week.Following the Chancellor's eye-watering tax raid and spending cuts - accompanied by forecasts of the worst plummet in living standards on record - Conservative MPs have been hitting out at the 'socialist' measures.A series of votes will be held on the plans in the Commons tonight, although the rebellion might not come to a head until later in the parliamentary process. Meanwhile, a poll found Labour a massive 21 points ahead. However, the Tories were offered a glimmer of hope with the government's ratings for competence increasing sharply in the latest Redfield & WiIton Strategies research.Ministers are desperately scrambling for ways of boosting floundering economic growth without borrowing more or fuelling inflation. The Ukraine war forcing up energy costs has been blamed for much of the pain, as well as the aftermath of the pandemic, and government 'own goals' under Liz Truss and in the Brexit process. Following the Chancellor's eye-watering tax raid and spending cuts - accompanied by forecasts of the worst plummet in living standards on record - a poll found Keir Starmer's party 21 points ahead Home Secretary Suella Braverman (left) and Education Secretary Gillian Keegan (right) were at the Cabinet session this morning Deputy PM Dominic Raab was at Cabinet this morning. He has vowed to clear his name over allegations of bullying The Tories were offered a glimmer of hope with the government's ratings for competence increasing sharply in the latest Redfield & WiIton Strategies researchEight million Britons - nearly one in six adults - will be paying the higher rate of tax within five years after Jeremy Hunt's brutal 'stealth raid'.The respected IFS think-tank pointed out on Friday that the tax burden is set to reach a new post-war peak, and will be the equivalent of £100billion a year higher by 2027-28 than it has been for most of the past 70 years. The looming slump in living standards - predicted to be the worst since records began in 1956. In real terms, wages are not expected to return to 2008 levels until after 2027. RELATED ARTICLES Previous 1 Next Jeremy Hunt admits no 'easy path' after energy bills bailout... Share this article Share Tories have also been threatening to revolt on Autumn Statement votes due tonight. Writing on the ConservativeHome website, former work and pensions secretary Esther McVey said: 'Jeremy Hunt's Autumn Statement did nothing to carve out a new conservative era of growth, less state intervention and people holding on to their hard-earned money. 'Quite the reverse: it was Gordon Brown-esque in its devotion to a socialist paradise of tax and spend.'Wails of disappointment rang out across the country from people who expected a Conservative government elected with a majority of 80 to govern as Conservatives. Those who thought that, after the calamity of the covid lockdowns, we could get back to free enterprise were in for a rude awakening.'It wasn't helped by the Chancellor's statement being such a pendulum swing from the Liz Truss-Kwasi Kwarteng mini budget.
News source = PremierLeague-News.Com
.'The Autumn Statement was clearly an over-correction to that mini-budget. Going from one extreme to the other is hardly reassuring for people. A middle ground was needed: an acceptance of Conservative principles, with a costed plan and the accompanying narrative to reassure the markets.'Instead, Hunt delivered his statement with a doom and gloom that would have appropriate were the country on the brink of financial collapse. However, despite some serious challenges, things are not so dire that we had to have such excessive medicine.'Mr Hunt today admitted the UK does not have an 'easy path' after figures showed another spike in borrowing and the impact of the energy bills bailout. The Chancellor underlined the need to put the public finances back on a 'sustainable path' as borrowing hit £13.5billion in October.That was £4.4billion higher than last year and the fourth highest figure for the month on record - although in a bright spot far lower than the £21billion analysts had expected.Total public sector spending grew to £91.2billion in October, after central government spending increased by £6.5billion to £76.8billion for the month.The ONS estimated that this included around £3billion on the cost of energy support schemes, including £1.9billion for the £400 home energy discount payments.Meanwhile, servicing the £2.5trillion debt mountain - a proportion of which is linked to soaring RPI inflation - cost £6.1billion in the month. Mr Hunt today admitted the UK does not have an 'easy path' after figures showed another spike in borrowing and the impact of the energy bills bailout Chancellor Jeremy Hunt underlined the need to put the public finances back on a 'sustainable path' as borrowing hit £13.5billion in October
Source = PremierLeague-News.Com