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The Latest Breaking News from Economy

Mini budget: will Kwasi Kwarteng's plan deliver growth?

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

The Conversation

Kwasi Kwarteng: Budget in full

Kwasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts - including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event”…

Evening Standard

2 Stocks That Could Help Hedge Your Bets in 2022

Despite the Fed’s aggressive interest rate hikes, inflation continues to take a toll on the economy. With growing recession fears, it could be best to invest in Walmart (WMT) and Coca-Cola (KO), given their solid fundamentals. Also, these stocks have an impressive dividend-paying history and could help cushion your portfolio…

StockNews.com

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Chancellor's mini Budget "cautiously welcomed" by Welsh business groups

Business leaders and politicians in Wales have had their say on Kwasi Kwarteng's mini Budget

Birmingham Post

This ‘mini-budget’ is a naked exercise in redistributing wealth upwards

Kwarteng’s borrowing spree will have ugly economic consequences, says Michael Jacobs of Sheffield University

The Guardian - UK

Trussonomics: Chancellor’s budget marks sharp break in economic policy

The Prime Minister sat nodding approvingly behind Kwasi Kwarteng as the Chancellor announced a multi-billion pound package of tax cuts.

The Independent UK

Liz Truss and Kwasi Kwarteng's big gamble could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses Kwasi Kwarteng's mini budget that helps the wealthiest in society.

Daily Record

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Timelapse video shows planes leaving Russia as thousands attempt to flee the country

One-way economy flights sell out after Kremlin announces military mobilisation

The Independent UK

Analysis: Chancellor’s mini-budget presents Sir Keir Starmer with dilemma as UK returns to Thatcherite free market economics

The new Chancellor buried the legacy of Boris Johnson’s big spending, higher tax agenda

Evening Standard

North East business groups welcome 'mini Budget' but warn on economy

Labour said the Government "have decided to replace levelling up with trickle down”

Birmingham Post

Rugby World Cup: RFU defend decision to fly England Women in economy despite men travelling first class

The RFU has defended its decision to fly World Cup favourites England out to the women’s World Cup in New Zealand in economy class in contrast to their male counterparts.

Evening Standard

Why You Should Care About The Latest Interest Rate Hike: From Mortgages To Personal Loans, Credit Cards And The Job Market

Wednesday marked the last day of summer as well as the confirmation of a new hike to the federal funds rate of 0.75%.

Benzinga

Business and home movers in Northern Ireland buoyed by mini-budget but calls intensify for Stormont return

Tax cuts offer some support but resumption of devolved leadership needed to protect economy from current headwinds

Birmingham Post

Electric vehicles and economic woes fuel Coles Express sale

The sale of Coles' service stations will reduce future costs as fuel providers face an uncertain economy and EV innovations, experts say.

The New Daily

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Belfast Live

Department for Economy cancel three energy crisis meetings with All Party Group on Climate Action

Kate Nicholl says their failure to engage is "shameful and disheartening"

Reason

Declining Faith in Both Capitalism and Socialism Leaves … What?

Many Americans don’t seem to like any economic systems, and they’re no closer to agreement.

Evening Standard

Emily Sheffield: Holly and Phil should not feel any shame over Twitter storm

To the real drama that has been building up all week. No, not what’s happening in Russia, Ukraine or Iran, or the uncertainty of our economy. No, what has apparently riled and upset so many to such an extent they have felt it necessary to sign a petition to ensure…

Evening Standard

Martin Lewis brands the mini-budget ‘staggering’

Lewis said ‘I really hope it works. I really worry what happens if it doesn’t’

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Manchester Evening News

Tax cuts, bankers bonuses and energy bills: Eight key announcements Kwasi Kwarteng made in today's mini-budget

A raft of tax cuts were announced in this morning's mini budget.

The National (Scotland)

Tory changes to Universal Credit announced: What it means for you

In today's mini-budget, Kwasi Kwarteng, Chancellor of the Exchequer, announced changes to the way claimants can receive Universal Credit.

Birmingham Post

The key points of the mini Budget, U-turns and what's been scrapped

A series of U turns have been made on the widely slammed mini Budget unveiled by Kwasi Kwarteng in September.

The Independent UK

At a glance: Key points from Kwasi Kwarteng’s statement on the economy

The Government wants a new approach to growth, Mr Kwarteng said, with the aim, over the medium term, to reach a trend rate of growth of 2.5%.

The Independent UK

Pound plummets to 37-year low as Kwarteng unveils ‘growth plan’ for UK economy

Former Bank of England policy maker cautions government’s economic plan will “end in tears”

Insider UK

Chancellor axes top income tax rate for highest earners

The 'mini-budget' also confirmed a cut to stamp duty and the axing of caps on bankers' bonuses

Daily Record

Mini Budget 2022: How Kwasi Kwarteng's huge tax cuts will affect Scots as rich set to benefit

The Chancellor of the Exchequer announced huge tax cuts that will benefit the richest in society.

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