No Place for Queen Elizabeth II Statue on Trafalgar Square’s Fourth Plinth, Reigns Sadiq Khan

The works are chosen by the Fourth Plinth Committee, appointed by the Mayor’s Office, which reduces a longlist of contemporary proposals in sketch form to a shortlist of six. From this, the winning proposal is approved by the Mayor and funded by the Great London Authority at a cost of £140,000, plus £30,000 artist fee. … Read more

Liz Truss breaks silence on mini-Budget, says she’s ‘willing to make controversial decisions’

CHris Philp, the chief secretary of the treasury, has defended the government’s decision to scrap the top 45p income tax rate. When asked why it was necessary to make the move now, he told Sky News: “The top rate of now 40 percent, down from 45, makes us internationally competitive, it puts us on a … Read more

Why London is hardest hit by the mortgage crisis

At the start of 2009, monthly mortgage payments on an average UK home were equivalent to 39.9 percent of a median full-time salary, according to Capital Economics. In London, the share was lower at the time, at 38.1 pc. But then house prices in London started to recover much faster than the rest of the … Read more

UK economy is ‘strong’ and heading for ‘radical change’

She was also expected to say that the trade relationship between the UK and the US should counteract protectionism and authoritarian regimes. “The UK-US economic partnership is the clearest possible example of why free trade and free markets are integral not only to our growth, but also to the freedoms we share,” she would say. … Read more

Banks urge Kwarteng to act now with November budget ‘way too far away’

Ggood morning. The pound has plunged into the red again after two major interventions last night rekindled investor concerns about the UK’s tax cut. In an extraordinary development, the IMF urged Prime Minister Liz Truss to reverse its economic policy, notably pointing to the decision to abolish the higher income tax rate. Credit rating agency … Read more

Keir Starmer hints Labor could target the rich with tax hike on stocks

sir Keir Starmer responded to claims that he is “boring” by saying that the most exciting thing he has done in his life is the birth of his two children. The Labor leader told BBC Radio 4’s Today programme: “Let me tell you the most exciting thing: the birth of my children – it was … Read more

Prince of Wales has no plans for formal inauguration ceremony

The tradition of an investiture at Caernarfon Castle was revived in 1911 when George V gave the title to his son Edward. Before then, such a ceremony had not taken place in the castle for hundreds of years. The Prince and Princess have made it clear that they are going to do things differently since … Read more

Quarteng in daily talks with Andrew Bailey amid market turmoil

5 things to start your day with 1) Markets doubt Bailey can avoid emergency rate hike after pound plunge The Bank of England governor has failed to convince traders that action can wait until November after the pound collapsed on Monday. 2) Mortgage payments rise by almost £10,000 a year as interest rates reach 6 … Read more

When is it, what time does it start and how do you watch live

What is it? It’s the London Marathon in 2022. Last year, for the first time, the event took place in the traditional way in October, rather than in the spring. When is it? The marathon will take place on Sunday, October 2. What time does it start? 08.30: London Mini Marathon 08.50: Elite wheelchair races … Read more

Yvette Cooper vows to scrap Tories’ Rwanda migration plan

Wes Streeting, the shadow secretary of health, has been given the crucial task of staging Sir Keir Starmer’s great speech this afternoon. Mr Streeting is on the morning media round for Labor and has argued the party is poised for power and claims it will fix “broken” Britain. Asked how Sir Keir plans to open … Read more