Truss: Inflation is creating a difficult global situation
Video Credit: ODN - Duration: 01:52s - Published
Truss: Inflation is creating a difficult global situation
Foreign Secretary Liz Truss says the world is facing a "very difficult situation" because of the "appalling global headwinds" caused by the Russian invasion of Ukraine and Covid.
She warns a windfall tax is "likely to deter investment" and stresses the Chancellor Rishi Sunak is looking "very hard" at what can be done but warns that the government can't "completely cushion" people from the effects of inflation.
Report by Edwardst.
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Rishi Sunak has promised to give "hundreds of pounds" more to people for energy bills while Liz Truss refused to commit to extra support for struggling families. Sky News
Ben Wallace says Liz Truss' plan to cut taxes, which Dominic Raab has dubbed "political suicide", is the "quickest way" to get money into people's pockets and is "the right way" to tackle the cost-of-living crisis. The defence secretary claims neither Rishi Sunak nor the Labour party are "offering a solution" to the "significant rises" in gas and energy bills, which is expected to hit vulnerable households hardest this winter.
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Liz Truss says she is focussed on "growing the economy" to encourage investment in UK business and "put more money in people's pockets" to help tackle the cost-of-living crisis. The Tory leadership candidate says she will not reveal her September budget, but that her plans include introducing a temporary moratorium on the energy levy and reversing the national insurance rise.
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Conservative MP Paul Scully says Liz Truss' plan to cut taxes and reform energy bills will "deliver direct support" to those who need it, including pensioners and those on the national living wage. Scully adds Dominic Raab's claim that Liz Truss' economic plan is "electoral suicide" will "only help the Labour party".
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Conservative MP Mark Harper says Tory leadership candidate Liz Truss' cost-of living-plan "is not up to the task", and would "give a lot to the highest paid, nothing to pensioners and little to those working full-time on the national living wage. Harper adds that failure to support the most vulnerable households "during a very difficult winter" would be "incredibly electorally damaging".
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Liz Truss has shifted her focus to tackling anti-social behaviour after a bruising weekend over the cost of living crisis - while Rishi Sunak has pledged to.. Sky News
Conservative MP Oliver Dowden says Liz Truss' promise to reduce National Insurance is "not up to the job", given the "scale of the energy hikes likely to come". Mr Dowden says Rishi Sunak should be "judged by his record", having "saved tens of millions of jobs", after introducing the furlough scheme during the Covid pandemic.
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Liz Truss and Rishi Sunak are coming under growing pressure to explain how they would help British families with the cost of living crisis this autumn. Sky News
Former security minister Damian Hinds, who is supporting Rishi Sunak in the Conservative Party’s leadership contest says the former chancellor will have "all options on the table” to do more to help households amid the worsening cost-of-living crisis. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Actor Steven Seagal, a vocal supporter of Vladimir Putin, showed up at a Russian-controlled prison camp ... the site of an explosion on July 29 that slaughtered.. TMZ.com
Genoa C.F.C head coach and former striker, Andriy Shevchenko sits down with Euronews International Correspondent, Anelise Borges to discuss the ongoing war in his native Ukraine.
Credit: euronews (in English) Duration: 07:59Published
Oscar-winning actress Jessica Chastain is the latest in a long line of celebrities who have visited Ukraine and met President Volodymyr Zelenskyy. But can these meetings be dismissed as glorified photo-ops or are they part of a wider strategy?
Credit: euronews (in English) Duration: 03:38Published
From Ukrainian troops advancing around Kharkiv to the Pentagon's latest Russian casualties estimate, here is what you need to know about the Ukraine war this Tuesday.
Credit: euronews (in English) Duration: 02:16Published
Kerala's total Covid cases may be showing a decline but there is no respite from daily new deaths. The state now reports 25-30% of the daily new Covid deaths in.. IndiaTimes
India's active caseload currently stands at 1,31,807, which is 0.30 per cent of the total cases. The country reported 16,412 recoveries in the last 24 hours... IndiaTimes
Aaron Rodgers wanted no parts of crass jokes about COVID-19, vaccines, and the deaths associated with the virus ... shutting down the attempts at humor in a.. TMZ.com
Mary Earps says she still asks herself "has this really happened" over a week after England's Euro 2022 win. The cup-winning goalkeeper says she trained in the position ever since her school days, where she "wore trousers and certain types of shoes" to play football at breaktime.
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The leader of Merton Council Ross Garrod says more than 200 residents have been told to leave their homes as a precautionary measure due to a gas leak, as investigations continue into the cause of an explosion and a subsequent house collapse in south London. The incident, which occurred at around 7am on Monday morning in Thornton Heath, led to the death of one girl, believed to be aged four. Mr Garrod adds the council has "faced real challenges" with insurance companies refusing basic accommodation for homeowners.
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Boris Johnson says whoever replaces him as Prime Minister will "continue to have the fiscal fire power and headroom" to help the most vulnerable households during the cost-of-living crisis. The outgoing Conservative Party leader spoke at an awards ceremony in the Downing Street garden, in one of his first appearances since his resignation.
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Residents have described the strong stench of gas in their homes and hearing a loud explosion just moments before a house collapsed in Thornton Heath, south London on Monday morning. A girl, believed to be four-years-old, died and three others were injured in the incident, which destroyed one home and damaged several others.
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