Liz Truss could ‘strip high earners of £400 energy bill help’ & More Latest News Here – Up Jobs

Ms Truss and Mr Sunak have been locked in a row over their rival plans to help households. Mr Clarke said Ms Truss was right to avoid making further commitments until closer to October when more will be known about price rises and she would have civil service support.

He added: “I do find it pretty odd that high earners are receiving £400 off their bills.

“As Conservatives, we ought to surely believe in targeting taxpayer money as best we can so that we actually achieve the best value and keep the burden on the exchequer as low as we can.

“It is not an ideal outcome, putting it very mildly, that people who don’t need it are receiving quite substantial sums of money from the state. That is not, frankly, a targeted package, is it?”

Ms Truss’s team are not thought to have decided at what level of income they would stop the discount. 

Asked whether there was a specific method by which everyone other than “high earners” could receive the benefit, Mr Clarke said: “This is the question we need to go back around – whether we can do more through tax, whether we can do more through the welfare system … There are more ways that we could approach the question of how to get that help out than just going for Rishi’s bailout 3.0.”

Meanwhile, The Telegraph has revealed that Andrew Bailey, the Governor of the Bank of England, has told the Chancellor that he would be “open to a review” of the Bank of England’s mandate, following Ms Truss’s criticism of its approach to inflation.

---

‘Energy market reforms should be our top priority’, says Simon Clarke

For days, Liz Truss has been under pressure from Rishi Sunak to set out how she will support households facing crippling energy bills in the autumn.

But Simon Clarke, who was Mr Sunak’s number two at the Treasury for two-and-a-half years and is now a member of Ms Truss’s inner circle, thinks the Foreign Secretary should now hold firm, having previously set out plans to reverse the National Insurance increase and suspend green levies on bills.

“It is my genuine preference that we should avoid lashing ourselves too tightly to one course of action in the middle of August,” says Mr Clarke, who remains chief secretary to the Treasury.

“In just over three weeks’ time, there will be a new government, which actually has the whole civil service support and all the options that that offers, and the ability to work as a government to work out the best solutions.

“There has been a temptation… for us to sort of ‘go now, go now, go now’.  Everyone accepts there is an urgency to this situation.

“But… given that we will have the figures we need by the end of the month, and that we will then have the time that we need to respond in September ahead of that price cut coming into effect, there is time for a proper process.”

Mr Clarke, 37, has risen quickly through the Tory ranks since winning Middlesbrough South and East Cleveland from Labour in 2017. Within months he joined Freer, a pro-free markets group launched by Liz Truss and supported by MPs including Kwasi Kwarteng and Therese Coffey – two other key lieutenants in the Foreign Secretary’s leadership campaign.

Now, Mr Clarke is being touted for a prominent role such as business, trade or housing secretary in a Cabinet led by Ms Truss, with Mr Kwarteng expected to replace Nadhim Zahawi as chancellor.

‘Positive pull of Liz’

There was, he says, “never a formal conversation with Rishi” in which Mr Clarke told his former boss that he had chosen to back Ms Truss over him. Since then he has been highly critical of the ex-chancellor, including stating last week that Mr Sunak “dug his heels in” against efforts to cut EU red tape.

Mr Clarke says he and Mr Sunak, his constituency neighbour, had a “perfectly good working relationship” at the Treasury. He insists it is “the positive pull of Liz rather than anything that Rishi did when I was with him at Treasury, which has led me to this decision”.

Yet one of many criticisms of Mr Sunak’s approach includes the former chancellor’s decision – due to be implemented this autumn – to give every household an automatic £400 discount on their energy bills in October.

Mr Clarke said the plans should be “revisited”, stating: “I do find it pretty odd that high earners are receiving £400 off their bills – I will be honest.

“As Conservatives, we ought to surely believe in targeting taxpayer money as best we can so that we actually achieve the best value and keep the burden on the exchequer as low as we can.

“It is not an ideal outcome, putting it very mildly, that people who don’t need it are receiving quite substantial sums of money from the state. That is not, frankly, a targeted package is it?”

Following criticism of the plan in May, Mr Sunak said: “You can give that money to charity if you don’t need it.” Last week he said he would give his own payment to charity.

I have tried to give all kinds of news to all of you latest news today 2022 through this website and you are going to like all this news very much because all the news we always give in this news is always there. It is on trending topic and whatever the latest news was

it was always our effort to reach you that you keep getting the Electricity News, Degree News, Donate News, Bitcoin News, Trading News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health News, Cryptocurrency News, Claim News latest news and you always keep getting the information of news through us for free and also tell you people. Give that whatever information related to other types of news will be