Treasury minister Chris Philp told ITV that the Treasury would not commit to an expected uprating of benefits in line with inflation.
Inaugural summit of EU initiative that aims to unite Europe on issues such as security and energy to take place in Prague
In the aftermath of finance minister Kwasi Kwarteng's fiscal plan that sent British financial markets into turmoil, the FCA was asking banks what options borrowers would have when their fixed-rate terms end, the newspaper said, citing people close to the matter. Sheldon Mills, the watchdog's head of competition and consumers, said in a speech on Thursday that some 3.2 million customers have fixed-rate deals that are due to expire in the next two years. On the mortgage products that have been removed in the past week, Mills said, "We are monitoring developments closely and will be working with industry to ensure that consumers are treated fairly during this period."
Rebel British lawmakers from Prime Minister Liz Truss's Conservative Party are preparing to vote down sections of a finance bill to block the abolition of the top rate of income tax, The Telegraph reported on Thursday. The government's plans for huge tax cuts, unveiled last week, have come under criticism after triggering nearly a week of financial market chaos including a sharp fall in the value of pound sterling. Those tax cuts included a plan to scrap the 45% top rate of income tax applied to the highest earners.
Exclusive: in unusual move, PM and Kwasi Kwarteng will meet fiscal watchdog after mini-budget sparked investor panic
Northern Ireland Office minister Lord Caine was among those who attended the screening of The Victims Stories at Queen’s University on Thursday.
The Prime Minister stressed that she would act unilaterally to address problems with the protocol if a deal with Brussels proved elusive.
Tory chair Mel Stride says committee needs to hear how chancellor will boost growth, and suggests one option might be via immigration
Anne Sacoolas appeared at Westminster Magistrates’ Court via video-link from the United States on Thursday.