Boris Johnson is calling for the top rate of income tax to be cut to 40p and for large firms to pay the living wage to employees just days before the first Conservative budget for 19 years.
Courteous. Dignified. Almost statesmanlike.
The biggest shakeup of trading laws since the reforms of the 1990s is set to be unveiled in the budget on Wednesday.
Hopes of a truce between Athens and its creditors after the Greek referendum’s resounding rejection of the terms of the bailout were fading fast, as European leaders said the gap between the two sides had widened.
A guide to the next big turning points (that can already be predicted) in the rapidly unfolding crisis in Greece.
Greece delivered a landslide no vote to the eurozone’s terms for the country remaining in the single currency on Sunday night, unleashing a seismic political shift that could derail the European project.
The CBI has issued a call on eurozone leaders to quickly resolve the Greek debt crisis, whatever the outcome of Sunday’s referendum, after the British business group’s latest poll highlighted mounting pressure on exporters.
Greece needs €50bn-€60bn (£35bn-£42bn) of extra funds over the next three years and large-scale debt relief to create “a breathing space”, says the International Monetary Fund. In Athens, the Greek prime minister, Alexis Tsipras, could be forgiven for shouting: “I told you so.”
The US unemployment rate has fallen to 5.3% – the lowest in seven years – after the economy added 223,000 jobs in June.
Berlin has delivered a blistering attack on Greece’s beleaguered radical prime minister, Alexis Tsipras, accusing him of lying to his own people and seeking scapegoats for the country’s misery everywhere but in his own ranks.
A top Bank of England policymaker has warned that even if Britain votes to stay in the EU, underlying weakness in the economy could mean that more support is required from the Bank.
The US Federal Reserve could raise interest rates as early as June, according to minutes from its April meeting, with Fed members arguing the risks of a slowdown in the global economy have receded.