Sunday, December 22

The Observer - The £30bn cost of disastrous Truss budget

News Briefing

Summary of the front page

Former Prime Minister Liz Truss’s “disastrous” mini-budget cost the government around £30bn, according to new analysis in the Observer.

The estimate from the centre-left think tank the Resolution Foundation says this represents a doubling of the amount the Treasury will need to raise in increased taxes and spending cuts this week and would have been “far higher” without government U-turns, the paper reports.

The front page features an image of Ukrainians celebrating in Kherson as Russian troops withdrew. The residents are seen taking selfies, waving flags and greeting the liberating troops with flowers.

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Let China build electric cars in UK

December 22, 2024 No Comments

Despite ‘spy’ scandal, Philip Hammond says Britain should now adopt a ‘pragmatic approach to Beijing’ ahead of trade trip. Let China build electric cars in UK, Tory ex-chancellor tells Rachel Reeves ahead of trade trip China should be encouraged to build electric cars and renewable energy technology in the UK as part of a new pragmatic trading relationship that would benefit both countries, a former Tory chancellor has said ahead of a landmark visit by Rachel Reeves to Beijing early in the new year. UK News Philip Hammond, who was chancellor from 2016 to 2019, and the last UK minister

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