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From nukes to corporation tax: Liz Truss’s history of flip-floppingAfter PM’s latest U-turn, we look at other reversals since her days as a Lib Dem activist
Five million UK families ‘face mortgage rising by £5,100 a year by end of 2024’Increase adds up to a £26bn rise for homeowners, says Resolution Foundation thinktank
Gwent Police unveil tuk-tuks as latest crime fighting toolItalian police have driven Ferraris, American officers Corvettes and in the United Arab Emirates the Bugatti Veyron has been used.To this list Gwent Police have added their latest weapon in the fight against crime - the mighty tuk-tuk.The force snapped up four of the three-wheelers to use in Newport and Abergavenny, in Monmouthshire.It said officers will be using the motorised rickshaws to patrol parks, walkways and elsewhere.The force has not said how much it spent on the vehicles, which have a top speed of about 55km/h (34 mph).But one dealer was advertising them online from £10,995.
Heating oil cheaper than gasWith the voluntary and involuntary assistance of refineries, heating oil went on sale on Friday at the price of 1.38 euros per liter, considerably lower than the estimates of the previous days, but 22.1% higher than the starting price last year (€1.13/lt).At these levels, the additional costs households will need to pay this year for heating will be significantly reduced, since heating oil is the cheapest fuel, at least by today’s standards.
One dead after car swept away in Cretan floodA 50-year-old man died and an unspecified number of people were missing as thunderstorms lashed several parts of Crete on Friday and Saturday, turning roads into rivers and closing Iraklio’s international airport, state-run news agency AMNA reported.Another woman believed to have been in the same car as the dead man is reported missing.
Who is in charge? Liz Truss or Jeremy Hunt?Who is in charge? Over the last couple of days you'd be forgiven for wondering if anyone was running the country.The dizzying ups and downs of the mighty financial markets suggest they didn't really have faith that anyone had a grip on things either.What happens on traders' screens affects the costs we have to grapple with - whether mortgages or rents - and how much of our taxes the government can spend on vital public services rather than paying interest on debt.Under acute pressure from the markets Prime Minister Liz Truss had a choice - stick with her plan and say goodbye to what economic credibility her government had left - or say farewell to her proposals and try to muddle on.In other words - change or die. She chose change. But has she killed off what political authority she had left and handed it to someone else?
BMW to axe UK production of electric Mini and relocate to ChinaBMW is to axe all UK production of the award-winning electric Mini and relocate it to China, dealing a major blow to hopes that Britain could be a global hub for zero-emission vehicle manufacture.BMW makes 40,000 electric Minis per year at its Cowley factory on the outskirts of Oxford.In an article published by the Times on Saturday, it was confirmed that BMW Oxford’s production of electric vehicles will end next year as part of plans to reshape the carmaker’s lineup from 2024.The move is a further blow to the UK’s ambition to become a leader in global electric car manufacturing, following Honda’s decision to quit Britain in 2016.Only a year ago, Boris Johnson, then prime minister, promised at the Cop26 climate summit in Glasgow, to fund a “£1bn electric car revolution” in the UK “creating hundreds of thousands of jobs”. His predecessor, Theresa May, intended that Britain would become “a world leader” in electric vehicle manufacturing and made it one of the “pillars” of her short-lived industrial strategy.Kwasi Kwarteng, who was sacked as chancellor on Friday and replaced by Jeremy Hunt, said last year when he was business secretary that the electrified automotive industry would be “front and centre of Britain building back better”.
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Topic: 15/10/22 (Read 1306 times)
