The Latest Breaking News from Chris Philp

PM makes second climbdown and sacks chancellor after package of unfunded tax cuts sent the pound tumbling

Liz Truss tore up the mini budget with an £18 billion corporation tax U-turn after sacking Kwasi Kwarteng as Chancellor on Friday. The reversal came as the prime minister held a press conference after a tumultuous day where she sacked Mr Kwarteng, one of her closest allies, and appointed Jeremy…

PM accused of ‘trashing’ Conservative values and a PMQs performance that was ‘just appalling’

PM leaves chamber to opposition cries of ‘more’ but barely a squeak from her own benches

Mel Stride, who chairs the influential Treasury Select Committee, says he is among those who expects Chancellor Kwasi Kwarteng will have to row back further when he announces full financial plans

LIZ Truss was jeered in the Commons after she told MPs that a General Election was the “last thing we need”.

The Treasury’s Chris Philp said the Government would offer further details on its spending plans on October 31.

A robot addressing a Lords committee evinced a clarity and personality all too lacking at the top of the Tory party

Exclusive: Prime minister allowing sleaze to ‘fester’ at heart of government, Labour claims