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The Latest Breaking News from Budget

What’s left of the mini-Budget? Bankers bonuses and tax hikes for workers

‘Almost all’ tax plans that have not started to go through parliament are being axed, new chancellor says

The Independent UK

How the mini-Budget U-turn will affect your energy bills, mortgages, and more

A series of government U-turns has changed how it plans to tackle the cost of living crisis

Manchester Evening News

Martin Lewis predicts average energy bill will go up 73% in April after Budget U-turn

The MoneySavingExpert founder warned that the targeted support announced by Jeremy Hunt ' will need to be targeted up into the middle incomes for people to get through this'

Chronicle Live

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What’s left of the mini-Budget? Bankers bonuses and tax hikes for workers

‘Almost all’ tax plans that have not started to go through parliament are being axed, new chancellor says

The Independent UK

Wealthy bankers will get big boost to their bonuses despite massive Budget U-turn

The cap on bankers' bonuses will still be scrapped - one of the few changes to survive from the mini-Budget - at the same time as energy bills help is scaled back

Daily Mirror

Energy bills help SLASHED and 1p income tax cut scrapped in gigantic Budget U-turn

In one of the biggest U-turns in British history, Chancellor Jeremy Hunt tore up the Energy Price Guarantee beyond six months, kept Income Tax at 20p and junked almost all of the mini-Budget

Daily Mirror

Banker pay unchained: A bonus for the British economy?

City comment: Jeremy Hunt now has the chance to re-examine the disastrous mini-Budget. He should think twice before scrapping the banker bonus cap.

Evening Standard

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Truss could be gone ‘within days or weeks’, say Tory MPs after PM ditches chancellor

Expectation that new chancellor Jeremy Hunt will rewrite Kwasi Kwarteng’s mini-Budget

The Independent UK

Prime Minister Liz Truss to hold a press conference today

It comes amid budget chaos that has seen the Chancellor fly home to the UK

Wales Online

Defiant Chancellor Kwasi Kwarteng says he's 'going nowhere' as Tory mutiny grows

The top Tory admitted there had been 'some turbulence' but insisted he won't quit following the economic turmoil from his calamitous mini-Budget

Daily Mirror

Jacob Rees-Mogg slapped down by No10 and top expert for attacking Tories' budget watchdog

A top economist said Jacob Rees-Mogg was half-right about the government's Budget watchdog being inaccurate... because the economy is actually WORSE than it predicted

Daily Mirror

The Leader podcast: How ‘at risk’ is my money?

New Bank of England emergency bond-buying intervention in mini-Budget fallout

Evening Standard

Social welfare Ireland: First double payment announced in Budget 2023 expected next week

The Government are expected to outline the dates for the €1.2 billion worth of lump sum social protection payments today

Dublin Live

Social welfare: Exact date €400 fuel allowance lump sum will be paid

Heather Humphries confirmed the date for the additional payment which was announced as part of Budget 2023

Dublin Live

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Irish Mirror

Social welfare Ireland: Six lump sum payments due in November as thousands to get big cash boost

Details were confirmed in Budget 2023

Chicago Sun-Times

First day of City Council budget hearings: CPD hiring, mayor’s staff under scrutiny

The lines of questioning from alderpersons include the size of Mayor Lori Lightfoot’s office (too big, many said) to what the city is doing to recruit and train enough police officers to keep pace with a record number of retirements.

Reuters

Spain's draft 2023 budget bolsters social and defence spending

Spain's cabinet on Tuesday settled on a 2023 draft budget after tough negotiations within the leftist coalition that concluded with increases in social and also military spending, and the extension of free rail travel passes.

The Independent UK

Gove joins assault on Liz Truss package of tax cuts for the rich

‘Wrong values’: Rebel Tories warn PM will struggle to get 45p rate move through parliament

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Daily Mirror

Michael Gove warns he could revolt over tax cuts for rich - and benefit cuts for poor

The top Tory demanded a 'course correction, a reset', refused three times to rule out voting against Liz Truss, and warned it will be 'very, very, very difficult' to cut benefits for the poor and tax for the rich

The Independent UK

Kwasi Kwarteng ‘met hedge fund managers for champagne reception hours after mini-Budget’

Financiers allegedly boasted chancellor was a ‘useful idiot’ after drinks reception

The Independent UK

How Kwasi Kwarteng’s budget damaged the economy and what will happen now

Policy Correspondent Jon Stone unpacks how unfunded tax cuts pulled the rug out from under the UK economy

Daily Mirror

Grinning Liz Truss says it's not her job to give mortgage advice as budget causes chaos

The shameless Prime Minister also appeared to deflect blame for rising interest rates onto the Bank of England and claimed a global global economic pressure is responsible for the UK's woes - despite no other currencies plummeting to the same extent

The Independent UK

Bombshell polls throw massive question mark over Liz Truss’s future as PM

Tory meltdown after ‘unforced error’ Budget gifts Keir Starmer leads of up to 33 points

Daily Mirror

9 car crash moments in Liz Truss's local radio grilling branded 'worst outing since 1216'

If Liz Truss thought her hour-long marathon of mini Budget local radio interviews would be a breeze, she was wrong - as listeners asked her "are you ashamed of what you've done?"

Irish Mirror

Dipping into rainy day fund cannot be ruled out, says Public Expenditure Minister Michael McGrath

Michael McGrath said it was 'prudent' of the Government to set aside the funds

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