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The Guardian - AU

Business

Warren Murray

‘Damage is done’: what the papers say after Truss and Kwarteng’s tax U-turn

Liz Truss Kwasi Kwarteng United Kingdom

UK newspaper front page composite — UK newspaper front page composite Composite: Metro/Daily Mirror/The Daily Telegraph/Daily Mail/The Guardian/The Times/Financial Times/I

Liz Truss and Kwasi Kwarteng pay the price for their 45p U-turn on the cover of the major papers this morning.

The Guardian front page says “Tory plot to halt benefit cuts after U-turn over top tax rate”. It says Kwarteng stands “humiliated” and has also been forced to bring forward to this month a new mini-budget that wasn’t due until late November.

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