'The power in Downing Street is in Number 11, not Number 10.' Tory MP SirRogerGale says Jeremy Hunt is currently 'de-facto prime minister' and 'all the shots' are being called by the chancellor. KayBurley 📺 Sky 501, Virgin 602, Freeview 233, YT
Announcements today could help lower budget black hole on 31 October - economist
The Treasury's statement, confirming early measures were on the way to help"support fiscal sustainability", was released before UK financial markets opened.But it gained more than a cent on the US currency after the news broke before settling at around $1.1256.Spending commitments unlikely to be made today - with cabinet set to meetHowever, there might be an indication on how things will go - with cuts to budgets likely amid soaring inflation.
Because the House of Commons sits late on a Monday, Mr Hunt is not able to speak to MPs until 2.30pm.Mr Bryant said:"The chancellor can't 'bring forward measures' without parliament's approval. "I can't think of a single instance in history when changes to taxes or duties have been 'announced' outside Parliament. "This is a sign of further panic, not greater stability.
It is not clear what measures are going to be announced today - though there is speculation the 1p cut in the basic rate of income tax could be set back to its original 2024 date established by former chancellor Rishi Sunak. There have been calls from some parts of the party for Ms Mordaunt to be installed as a unity candidate.Ms Mordaunt has said that recent events - COVID, the war in Ukraine and the death of the Queen - have"left our compass spinning".In the final two paragraphs, Ms Mordaunt backs the current administration, saying that"there is a talented team of energetic and dedicated public servants at every level of government in this country"."That is what we should all focus on now.
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