Only a low-tax, low-spend government can solve the cost of living crisis

Imagine yourself, if you can, in the shoes of Sir George Carew, Henry VIII’s Vice Admiral and captain of the great warship, the Mary Rose, as it lurches out of Portsmouth in July 1545 into a blowy Solent to take... Read more

The Conservatives still lack a plan for growth

Almost from the moment he became Chancellor in February 2020, Rishi Sunak has been forced to make judgments against the background of perpetual crisis. He delivered his spring statement yesterday two years to the day after the economy was plunged... Read more

They’ve changed the MasterChef recipe – and somehow made it even more bland

They’ve changed the rules on MasterChef (BBC One), which is back for what feels like its 3,000th series. John Torode and Gregg Wallace no longer hang around the contestants’ work stations in the opening round, pulling faces or bellowing: “You’ve... Read more

‘Partygate’ hangover hits Treasury, as staff cancel traditional mini-Budget drinking session

Last month Sue Gray, a senior civil servant, published a 12-page “update” into the claims that revealed a gathering in the Prime Minister’s own Downing Street flat was one of a dozen events being investigated. The civil servant said there... Read more

Economic growth slashed by war in Ukraine

It said real disposable household incomes will fall by 2.2pc this year, equivalent to a £500 hit for the average adult. Around one-third of this blow comes from taxes while the remainder comes from inflation. Price rises are already at... Read more

Rishi Sunak presides over ‘biggest fall in living standards on record’

Think tanks and political opponents noted that Mr Sunak, despite hailing Wednesday’s tax cuts, was still overall a tax-raising chancellor.  Paul Johnson, the director of the Institute For Fiscal Studies think tank, said: “If he wants to be remembered as... Read more

Ukraine’s UK ambassador defends Boris Johnson over Brexit comparison row

The Ukrainian ambassador to the UK has defended Boris Johnson over a row prompted by his apparent comparison of Brexit to Ukraine’s resistance against Russia, saying both involved freedom.  The Prime Minister used his speech at the Conservative Party’s spring... Read more

US presidential election 2024: When is it, who are the potential candidates and will Donald Trump run?

Although two years away, the next US presidential election is already gearing up – with a range of names already in the mix. Both Republican and Democrat potential candidates for 2024 are preparing themselves for their shot at the White... Read more

Entire London suburb could be ‘cancelled’ as council decolonisers close in

The culture wars have seen statues removed and reputations “cancelled” – now entire areas are in the line of fire for their supposed historic connections. The south London district of Tulse Hill, home to sprawling council estates, a popular park... Read more

‘Raising the National Insurance threshold is a good move’: Telegraph readers on the Spring Statement

Chancellor Rishi Sunak unveiled his Spring Statement to MPs in the House of Commons on Wednesday as he set out his plans for the UK economy.  Rishi Sunak warned the invasion of Ukraine “presents a risk to our recovery” as... Read more

Your beef with Vogue is a ‘first world problem’, Joe Biden’s aides told ‘belittled’ Kamala Harris

Joe Biden’s aides told Kamala Harris not to make a “first-world” issue of a Vogue cover while the president’s predominantly white staff did not show her “the respect she deserved”, a forthcoming book claims. The image of Ms Harris in... Read more

Iran’s secret offer to help Russia evade sanctions in exchange for new nuclear deal

According to the Wall Street Journal, the Iranian system comprises accounts in foreign commercial banks, proxy companies registered outside the country, firms that coordinate the banned trade, and a transaction clearinghouse within Iran.  Multibillion dollar arms deal Security officials believe... Read more

Former US secretary of state Madeleine Albright dies aged 84

She championed Nato expansion and pushed for the transatlantic alliance to intervene in the Balkans to stop the ethnic cleansing of Bosnian muslims. Albright’s experience as a refugee prompted her to push for the United States to be a superpower... Read more

‘Unwell’ Russian defence minister and potential Vladimir Putin successor disappears from public view

Mykhailo Podolyak, an advisor to Ukrainian President Volodymyr Zelensky, on Wednesday noted the “curious silence” from the Russian officials.   The Russian establishment appears to be increasingly jittery as the war nears the end of its fourth week. United Russia, the... Read more

Is that really it, Chancellor?

“Is that it?” came the cry from the Labour front benches halfway through Rishi Sunak’s speech.  It was a poorly timed heckle. The Chancellor had not yet pulled the two main tax-cutting rabbits out of his hat. But it is... Read more

Sunak should have axed the National Insurance rise, not cut fuel duty

If the Chancellor wants to continue with the same real terms increase in spending, he will have to substantially increase the spending totals in money terms. He didn’t do this now but he may consider doing so in the autumn.... Read more

The Government is caught in the NHS’s snare

It isn’t complicated, really. The Health and Social Care levy is staying, so the National Insurance increase will go ahead, but the thresholds for National Insurance will also go up, making them level with the thresholds for income tax, which... Read more

Welcome to Sunakland, a world of tax cuts, Teletubbies and Ted Heath on Instagram

PMQs had unfolded like a contest designed to reveal which competitor dared to trample on parliamentary protocol most insouciantly. Sir Keir Starmer had scolded Boris Johnson for his “half-a—d” efforts in helping P&O workers, prompting a finger-wagging from Sir Lindsay... Read more

P&O Ferries faces huge fine if it broke the law, warns Boris Johnson

HMRC is believed to be assessing whether P&O’s alleged failure to adhere to minimum wage laws would allow the UK to block them from British ports. The tax agency said it could not comment on individual cases. But a spokesman... Read more

‘Basic facts of biology’: Boris Johnson enters the transgender debate

It comes as the Labour MP Charlotte Nichols was earlier this week accused of “abandoning women’s rights” by the former Olympian Sharron Davies, after attacking those questioning whether transgender swimmer Lia Thomas should be allowed to compete in women’s sports.  ... Read more

Rishi Sunak’s 1p income tax decrease will be undercut by freeze on thresholds

Mr Sunak, however, used the Spring Statement to cast himself as a tax reformer as well as tax cutter, setting out a tax plan based on three aims. They were: Helping families with the cost of living: While maintaining that... Read more

Energy bills set to soar again in autumn as living standards crisis hits millions

Peter Aldous, the Tory MP for Waveney, said the last two years had been “very challenging for the poorest and most vulnerable” and were “going to get a whole lot tougher”. He urged Mr Sunak to “look very closely at... Read more

Treasury to lose £2bn more than expected in annual tax by 2026, as electric cars take over

A quicker than expected uptake of electric vehicles means the Treasury will receive £2.1 billion less in tax receipts per year by 2026 than was previously calculated. Motoring revenues including fuel duty will take a hit during the next five... Read more

Almost nine million will be worse off as National Insurance rise goes ahead

It will not take effect from July to allow payroll computer systems to be updated in time. It means everyone will temporarily start paying more every month in April when the planned NI rise comes in, before the threshold increase... Read more

Cash Isa savers to lose £1,000 this year

The best cash Isa rate available, from United Trust Bank, pays just 1.95pc and requires savers to lock up their cash for seven years. Rosie Hooper of wealth manager Quilter said: “Cash Isa savers will be getting less and less... Read more