Liz Truss and Rishi Sunak pushed economic policies to deal with the slowing economy and rising energy costs to local Tory voters in the penultimate hustings of the Tory leadership race on Thursday.
Mr Sunak, a former chancellor of the exchequer, hit out once again at the economic plans put forward by his rival during a trip to his home city of Southampton ahead of the event. In the region she represents as a MP, Ms Truss put her focus squarely on the issues facing the East Anglian area, citing her plans of tax cuts, supply-side reform, better regulation and targeted investment zones.
“Inflation has got to be the priority and that is why I will grip it in a way that no one else will,” said Mr Sunak.
“Actually, alternative plans that are complacent about the risk of inflation pretend that we can just borrow tens of billions of pounds and that there are no hard choices for government, I don’t think are realistic."
Mr Sunak is continuing in his bid to drum up last-minute support among about 150,000 Tory Party members who are electing a new leader. The winner is to be announced on September 5 and will be Britain's next prime minister.
The Daily Telegraph carried details of an interview he gave to The Spectator magazine, in which he said that one of the major mistakes of the government’s handling of the pandemic was “empowering” scientists.
UK Conservatives on the leadership campaign trail — in pictures
“We shouldn’t have empowered the scientists in the way we did,” he is quoted as saying. “And you have to acknowledge trade-offs from the beginning.
"If we’d done all of that, we could be in a very different place. We’d probably have made different decisions on things like schools.”
Everything you need to know about Rishi Sunak - video
Before the Norwich hustings, Ms Truss put her focus squarely on the issues facing the East Anglian area, with her plans for tax cuts, supply-side reform, better regulation and targeted investment zones.
The Foreign Secretary also pledged to tackle trade union strike action, such as that at the Port of Felixstowe this week.
But as the Tory leadership contest enters its final stages after a long summer of party in-fighting, calls are growing for urgent government action to support households through what is predicted to be a difficult winter.
Meanwhile, Prime Minister Boris Johnson was in Ukraine for a surprise visit to Kyiv, his third.
“If we’re paying in our energy bills for the evils of [Russian President] Vladimir Putin, the people of Ukraine are paying in their blood,” Mr Johnson said.
Supply problems linked to Russia’s invasion of Ukraine are one reason behind rapidly rising UK power bills.
Recent warnings suggest the average amount UK households pay for their gas and electricity could reach £6,000 ($7,000) next year.
Chancellor Nadhim Zahawi on Wednesday insisted “nothing is off the table” when it comes to action on soaring energy bills, but he said a freeze in the price cap would not deliver “targeted help” for those who need it most.
Labour has called on both Tory leadership candidates, should they become prime minister, to increase the windfall tax on oil and gas companies.
Shadow climate change secretary Ed Miliband said it was “intolerable” that Mr Sunak and Ms Truss had not offered “serious proposals” to address the crisis.
His call for action comes as energy regulator Ofgem is set to announce the autumn price cap for energy bills on Friday.
“We are now less than 24 hours away from the energy price cap rising yet again, but we have heard no serious proposals from the Conservative leadership candidates on how to stop this national emergency,” Mr Miliband said.
UAE currency: the story behind the money in your pockets
WHAT%20ARE%20THE%20PRODUCTS%20WITHIN%20THE%20THREE%20MAJOR%20CATEGORIES%3F
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SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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'Gehraiyaan'
Director:Shakun Batra
Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa
Rating: 4/5
Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
Bahrain%20GP
%3Cp%3EFriday%20qualifying%3A%207pm%20(8pm%20UAE)%3C%2Fp%3E%0A%3Cp%3ESaturday%20race%3A%207pm%20(UAE)%3C%2Fp%3E%0A%3Cp%3ETV%3A%20BeIN%20Sports%3C%2Fp%3E%0A
Monster
Directed by: Anthony Mandler
Starring: Kelvin Harrison Jr., John David Washington
3/5
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
'Gold'
Director:Anthony Hayes
Stars:Zaf Efron, Anthony Hayes
Rating:3/5
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Killing of Qassem Suleimani
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
The biog
From: Ras Al Khaimah
Age: 50
Profession: Electronic engineer, worked with Etisalat for the past 20 years
Hobbies: 'Anything that involves exploration, hunting, fishing, mountaineering, the sea, hiking, scuba diving, and adventure sports'
Favourite quote: 'Life is so simple, enjoy it'
Banthology: Stories from Unwanted Nations
Edited by Sarah Cleave, Comma Press
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Recent winners
2002 Giselle Khoury (Colombia)
2004 Nathalie Nasralla (France)
2005 Catherine Abboud (Oceania)
2007 Grace Bijjani (Mexico)
2008 Carina El-Keddissi (Brazil)
2009 Sara Mansour (Brazil)
2010 Daniella Rahme (Australia)
2011 Maria Farah (Canada)
2012 Cynthia Moukarzel (Kuwait)
2013 Layla Yarak (Australia)
2014 Lia Saad (UAE)
2015 Cynthia Farah (Australia)
2016 Yosmely Massaad (Venezuela)
2017 Dima Safi (Ivory Coast)
2018 Rachel Younan (Australia)
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.