Spike in gas prices sees energy bills rise and supply chains threatened

UK gas prices have risen dramatically, leaving many energy suppliers bust and our bills ever higher, in a stark demonstration of privatisation’s failures. With prices having increased by 250% since January, many energy suppliers are arguing that they will struggle to cover the increased costs.

MPs approve controversial foreign aid cut

Today (Tuesday 13 July), the House of Commons approved the Tory government’s planned cuts to foreign aid. The cuts from 0.7% to 0.5% of the budget will see a reduction of around £4 billion, with the government justifying the decrease by blaming the pandemic.

Tory government opens negotiations with trans-Pacific trading bloc

The UK government has begun talks to join the trans-Pacific trading bloc CPTPP, as part of its post-Brexit move to focus on trade outside of Europe. International Trade Secretary Liz Truss opened negotiations on Tuesday morning with Japan’s Yasutoshi Nishimura, the current chair of the CPTPP.

Tories wilfully underfunded childcare

The government has invested less than two-thirds of the estimated cost of properly funding childcare, recently released documents have revealed. According to these government briefing documents, the rates of funding for 2020-2021 did not meet the required amount to fund the free childcare initiative, which offers parents of three and four year old children thirty hours of free childcare per week.

Tory government under pressure to back Biden’s global tax plan

The UK government is facing pressure to support a global minimum corporation tax proposed by US President Joe Biden, and to push for this at the upcoming G7 summit. The proposed tax would take on the big multinationals, and crack down on the shifting of profits to offshore havens.