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Healey poised to launch raid on banks

Chancellor prepares to target lenders despite playing down fears of higher levies in the Budget Daily Telegraph 15/10/26 John Healey is poised to launch a tax raid on banks despite describing financial institutions as “the jewel in the British economic crown”. The Chancellor is preparing to target lenders in his Budget on Oct 28 as he faces pressure to repair Britain’s public finances. It comes despite Mr Healey praising banks on Thursday in comments that raised hopes that the City would be spared. Speaking in Bangkok at an International Monetary Fund (IMF) event on Thursday, the Chancellor said of banks: “They’re a big contributor to the economy. “They’re an important part of our business. They’re a part of the jewel, if you like, in the British economic crown.” The Chancellor is said to be considering raising a surcharge on bank profits above £100m from 3pc to 8pc. The move has been advocated by unions and Labour figures, including Angela Rayner, who argue it could raise £2bn for the...
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Burnham has given the game away on the Left’s new politics of lies

  The irony of the PM’s Brexit dog-whistle is that it’s progressives who fall for conspiracy theories and brainwashing Daily Telegraph 14/10/26 How low can you stoop? Who would have thought that, at the height of the Ukraine war, a British Prime Minister would wage psy-ops against his own side, spewing disinformation for the basest of electoral reasons, delighting and encouraging Russian trolls and bots? Andy Burnham’s flirtation with one of the most toxic conspiracy theories of our time, the false claim that Vladimir Putin manipulated us into voting for Brexit and that our entire democratic settlement is thus an illegitimate sham, is an unforgivable scandal, proof that he will do anything for power, including resort to agitprop and concocted narratives to mobilise Leftist flat-earthers. His timing was atrocious, coming in the midst of an unprecedented influence operation by totalitarian powers (including Russia, China, Iran and others) to discredit Western values and certainties,...

IMF warns against state handouts as Budget looms

  Urgent need to cut borrowing means help with cost of living pressures must be ‘sparing’, fund says Daoly Telegraph 13/10/26 The International Monetary Fund (IMF) has warned against unfunded giveaways to ease cost of living pressures before John Healey’s maiden Budget. A fortnight before the Chancellor’s first major tax-and-spending event, the IMF downgraded its outlook for UK growth and warned of further price rises and job losses. While the fund did not issue a direct warning to Britain, it said an “urgent” need to bring down borrowing meant help with cost of living pressures should be used “sparingly” in all countries. It also called for any measures to be “well funded” to maintain credibility. In his first week as Prime Minister, Andy Burnham removed VAT from electricity bills at a cost of £850m and capped bus fares at £2. The Chancellor has said he will use the Budget to provide more “breathing space” to households and businesses. The Treasury is working on a targeted, tempo...

ADHD surge fuelled by benefits, report warns

  Demand rising for medical labels seen as ‘the single reliable key to support’, review finds Daily Telegraph 09/10/26 Soaring demand for ADHD and autism diagnoses is being fuelled by Britain’s welfare system, a review has warned. A government-commissioned report says medical labels have become a gateway to benefits, school support and other help, creating financial incentives that risk driving overdiagnosis. The review finds evidence of a substantial rise in mental distress, estimating that about four million children and young people – one in five – are now experiencing high levels of psychological strain. However, it warned that unnecessary diagnoses could harm a generation by “closing doors”, lowering ambitions and defining children by what they cannot do. Advertisement The 607-page review, led by Prof Peter Fonagy, a clinical psychologist at University College London, questions how demand for diagnoses has been generated by making them “the single reliable key to support”. “...