Tories challenge chancellor to rule out tax rises in budget as Badenoch labelled ‘embarrassment’ for Bank of England gaffe – UK politics live

The Conservatives want to brand Burnham’s administration as a ‘traditional tax and spend socialist government’ Labour won’t let Andrew Griffith forget Liz Truss. This is what it said overnight in response to the trail of Griffith’s speech. We won’t take any lectures from the Tories on the economy - not least when it was only last week that Andrew Griffith was praising the “lots of good things” in Liz Truss’s disastrous mini-budget. Andrew Griffith was the very person who abolished the Office for Tax Simplification after the tax code ballooned to 23,000 pages - why on earth would anyone believe him now? After making IR35 worse, freezing VAT thresholds and imposing reams of red tape, businesses won’t forget the Tories’ betrayal.

[Craig Mackinlay and Robert Colvile] will produce a report taking evidence from small business and self-employed organisations. While they will have a wide remit, they will consider in particular these key questions, and report in December: -Why have past attempts to reduce the regulatory and compliance burden on small business and the self-employed failed, and what specifically should be done to reduce the burden successfully? Continue reading...