![]() The move immediately forced the pound down to historic lows and forced the Bank of England to intervene and calm the markets.Īmong the measures were confirmation that the 45p top rate of tax will be scrapped from April 2023. Mr Golden spoke out one week after Chancellor Kwasi Kwarteng announced £45 billion in tax cuts. I think that worse is potentially to follow.” Liz Truss’s leadership is already in trouble. “2017 was a high point for us in terms of the local elections and it was very disappointing last year. “I think it’s very worrying for the Scottish Conservatives that they could be impacted – and we could be impacted even more so in the city. “My duty is ultimately to stick up for the people of Dundee and I don’t think they’re best served through that policy intervention. “When constituents in Dundee have got in touch and asked how I, as a Conservative, can justify the abolishment of the higher rate tax band, I’ve said I can’t and I won’t. “I wasn’t impressed – I think politically the abolishment of the higher rate of tax is indefensible,” Mr Golden said. Mr Golden, who had backed former chancellor Rishi Sunak to lead the party, said Ms Truss is now pursuing her agenda in an “extreme” way. The Dundee-based politician branded Liz Truss’s package of tax cuts for top earners as “indefensible”.Īnd he accused the prime minister of setting a budget for party members “rather than the whole of the United Kingdom”. Loading Spinner An icon of a loading spinner.įurious Conservative MSP Maurice Golden has broken ranks to condemn his UK party leader’s “extreme” budget plans as ordinary families brace for economic turmoil. Success Tick Timeout An icon of a greyed out success tick. Information An icon of an information logo. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Video Camera An icon of a video camera shape. Previous An icon of an arrow pointing to the left. Notice An explanation mark centred inside a circle. Next An icon of an arrow pointing to the right. ![]() Hamburger Menu Icon An icon used to represent a collapsed menu. Search Icon A magnifying glass icon that is used to represent the function of searching. Magnifying Glass An icon of a magnifying glass. Comments An icon of a speech bubble, denoting user comments. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Breaking An icon of an exclamation mark on a circular background. Pause Icon A two-lined pause icon for stopping interactions. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Is Public An icon of a human eye and eyelashes. Telephone An icon of a traditional telephone receiver. Profile An icon that resembles human head and shoulders. Linked In An icon of the Linked In "in" mark. Facebook An icon of the Facebook "f" mark. Caret An icon of a block arrow pointing to the right. Cancel An icon of a circle with a diagonal line across. In Germany, large companies have cut spending on business travel by about 12 percent since 2007, even though the average amount of travelling has remained unchanged, the VDR travel association said.Calendar An icon of a desk calendar. Motel One says that 60 percent to 65 percent of its guests are on business trips. The city centre locations and funky decor of the new chains are proving popular with tourists and business travellers alike as they rein in budgets in debt-hit Europe. ![]() “There’s not a German hotel chain with an international presence,” he said. Mueller, Motel One’s chief executive and founder, aims to bring the brand’s turquoise and cream stylings to the UK, Austria and Belgium. With its promise of high design at low prices, Mueller's fast-growing Motel One chain has joined citizenM and B&B Hotels as part of a new breed of hotels leading the charge on established budget brands such as Travelodge, Whitbread's Premier Inn WTB.L and Accor's Formule 1 ACCP.PA. Handout publicity image showing an advertising hoarding for citizenM London Bankside hotel obtained on July 26, 2012.
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