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The Latest Breaking News from Mel Stride

MPs demand economic forecast alongside Kwarteng’s mini-budget

The Tory chairman of the Treasury Committee said such data is needed to ‘provide reassurance and confidence to international markets and investors’.

The Independent UK

Economic watchdog confirms it could scrutinise Truss’s cost of living plans

MPs say it is vital tax and spending measures proposed by potential new prime minister are examined by OBR

The Guardian - UK

Fiscal watchdog ready to publish forecast for new PM’s spending plans

The OBR’s confirmation puts the new government in the position of having to formally reject its offer.

The Independent UK

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Kwasi Kwarteng’s opaque stance on BT ownership is not helping

The company really does not need to take an excursion into high-leverage financial engineering

The Guardian - UK

Rishi Sunak attacks Liz Truss’s plans to curb Bank of England’s independence

Former chancellor says rival’s economic proposals could ‘spook international investors’

The Guardian - UK

New PM’s spending plans must face scrutiny, says Treasury committee chair

Mel Stride says OBR must provide fiscal forecasts as Liz Truss urged to ‘come clean’ on promised tax cuts

The Guardian - UK

Treasury told to reveal if it is preparing for Liz Truss’s crisis budget in scrutiny row

Senior Tory says chancellor must help watchdog ‘publish independent forecast’ on economic impact of huge tax cuts

The Independent UK

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Truss sets out growth plan for West Midlands ahead of Tory leadership hustings

Liz Truss and Rishi Sunak will once again be put to the test by party members during a two-hour event in Birmingham.

The Independent UK

Liz Truss and Rishi Sunak supporters go to war over ‘flip flop’ tax promises

Senior Tory MP Sir John Redwood has accused the former chancellor of flip-flopping over tax cuts that he once said were unaffordable

Evening Standard

Truss accused of bypassing scrutiny over Budget

Critics warn next PM would be ‘flying blind’

The Independent UK

Truss told to be transparent over her plans for emergency cost-of-living budget

In the final fortnight of the leadership contest supporters of Rishi Sunak have seized on his opponent’s plans for an emergency budget.

The Independent UK

See how much your mortgage would rise if Liz Truss becomes PM, according to Sunak

IF Liz Truss becomes prime minister, homeowners in the UK could face a steep rise in their mortgage payments, Rishi Sunak has claimed.

The National (Scotland)

Javid denies Truss tax cuts plan will lead to increased borrowing

Latest high-profile backer of Tory leadership candidate says proposals ‘risky’ but not inflationary

The Guardian - UK

Who could be in the next cabinet under Rishi Sunak or Liz Truss?

These are some of the figures tipped to be part of the two candidates’ top teams

The Guardian - UK

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The National (Scotland)

Price hike warning issued to anyone who uses a Visa or Mastercard

British customers face new EU shopping fees after firms have increased so-called interchange fees for online credit and debit cards.

Bristol Post

People 'across Bristol skipping meals' says MP as Tories vote down gas giants windfall tax

Not one Conservative MP voted in favour of the tax which could save families £600

Daily Mirror

Tories vote down gas giants windfall tax that could hand your family £600

Chancellor Rishi Sunak hinted the government could perform a U-turn in future, however, as he said “no option is off the table”

The Guardian - UK

Bailey sets alarm bells ringing while barely mentioning the B-word

As the Convict hoped for a fudge in Northern Ireland, the Bank of England governor explained how screwed the economy is

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Daily Mirror

Bank of England governor gives 'apocalyptic' warning about food prices due to Ukraine war

Andrew Bailey, the governor of the Bank of England, said he sounded 'rather apocalyptic' about the risk of foods like wheat and cooking oil being produced in Ukraine but unable to get out

The Independent UK

MPs urge Government to set up body to tackle fraud

Mel Stride, who chairs the Treasury Select Committee, said ministers had dismissed calls from his group to create a new agency.

The Guardian - UK

PM promises to examine raising universal credit in line with inflation

Boris Johnson was questioned at the liaison committee about the plight of those dependent on universal credit

Evening Standard

Inflation hits 6.2% tightening cost of living squeeze

Inflation hit 6.2 per cent last month - the fastest rate in 30 years- tightening the cost-of-living squeeze on millions of families.

The Independent UK

National insurance rise ‘absolutely vital’, PM declares as Tory opposition grows

Conservative Treasury Committee chairman Mel Stride has called for the planned 1.25 percentage point increase to be delayed by a year.

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