A senior Conservative MP has said that Liz Truss should not make new economic orthodoxy about “avoiding scrutiny” after the Treasury failed to order an official forecast ahead of this week’s mini-Budget.

While the COVID-19 pandemic and cost of living crisis has exacerbated social inequalities and economic insecurity, it has also opened a window of opportunity to explore new forms of policy innovation to build back a fairer and more economically secure society. In a new report for the Work and Equalities Institute (WEI), Professor Anthony Rafferty and Alex Macdougall from The University of Manchester evaluate universal basic income and the case for a Greater Manchester (GM) pilot of guaranteed basic income as pledged by Mayor Andy Burnham.

Chancellor Kwasi Kwarteng has confirmed that the recent rise to National Insurance Contributions is to be reversed from November.

Commenting on the increase in the Bank Rate from 1.75% to 2.25%, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA said:

Liz Truss this week confirmed what was privately widely accepted, but seldom admitted by ministers: that striking a post-Brexit trade deal with the US is not going to happen anytime soon.

Senior Tories are engaged in an ideological battle over whether to launch a public information campaign telling people how to reduce their energy consumption this winter, or if government should stay out of individual household matters, as ministers prepare to confirm details of their plan to freeze the price cap.

Today Mobile UK’s Director of Policy and Communications Gareth Elliott will be speaking at the Connected Britain event to discuss how the barriers to mobile deployment can be broken down.

Energy experts have warned that Liz Truss's major push on fossil fuel projects, including North Sea oil and gas and fracking, will fail to improve the UK's energy supplies during the winter months.

Chancellor Kwasi Kwarteng will use a mini-budget on Friday 23 September to set out the Liz Truss government's plans for tax cuts and how the energy cap freeze will work, after the Queen's death caused delay to the anticipated event.

Policy@Manchester, The University of Manchester’s sector leading policy engagement institute, are running an exciting programme for Labour and Conservative conferences.

Leading economic experts have warned that a slight fall in overall inflation does not provide relief for the cost of living crisis as reduced fuel costs mask the fact prices for households goods are still rising.

The leader of the civil servants' union has criticised the new Liz Truss administration's decision to sack the Treasury’s longstanding Permanent Secretary Sir Tom Scholar.

Following the recent UK Cabinet appointments, the Advertising Association has issued the below statements.

The new Prime Minister's in-tray is stacking up. Households are facing a catastrophic increase in energy prices this autumn and so far we have heard very little about what Liz Truss is planning, apart from a commitment to protect the profits of oil and gas giants at the expense of the British public.

Standards body the Betting and Gaming Council has congratulated Michelle Donelan on becoming the new Secretary of State for Digital, Culture, Media and Sport.

Commenting on the speech by Dame Colette Bowe at the BSA’s 2nd Research Workshop on the Future of Financial Mutuals at Bayes Business School, Robin Fieth, CEO of the BSA, said:

Ribena is more than a much-loved blackcurrant drink. As MPs have been discovering this summer, there is a story behind the humble bottle of Ribena that is of enormous importance to Britain’s rural communities.

Incoming Prime Minister Liz Truss is planning to announce a "twin track" approach to tackling the cost of living crisis, starting with help for households, within the next week.

Liz Truss will enter Downing Street on Tuesday as the UK's new Prime Minister facing a mountain of formidable challenges thanks to some of the worst economic conditions for a generation.

Caroline Gumble, CEO at CIOB, said:

No less than a "National Winter Mission" will be needed to combat soaring energy bills and other crises in the coming weeks, says Chancellor of the Duchy of Lancaster Kit Malthouse.

The news reports out today about the swathes of families in the UK likely to fall into fuel poverty this winter are frightening.

The European Union is bracing itself for a "rocky few weeks" in its relationship with the UK if Liz Truss replaces Boris Johnson as Tory party leader and Prime Minister next week as expected.