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The Latest Breaking News from Kwasi Kwarteng

Most dramatic stock moves of 2022 led by Meta’s nosedive

From a little-known manufacturing firm’s 13,000% rally in its US stock-market debut to a flash crash across Nordic stocks, there was no shortage of dramatic moments that consumed equity investors’ focus in 2022.

Tribune News Service

Alcohol duty rise on price of beer, wine and spirits delayed until August

Alcohol duty rises had been due to come into force in February, putting 38p on a bottle of wine - but today the Treasury is expected to confirm it will put the plans on ice

Daily Mirror

Spring Budget date announced as Jeremy Hunt to give statement on March 15

Chancellor Jeremy Hunt will give his Spring Budget on March 15, spelling out further the direction for the economy after he spelt out years of spending cuts in his Autumn Statement

Daily Mirror

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Kwasi Kwarteng 'champagne reception' with bankers missing from published diary

Officials have been asked to explain why the notorious reception - on the night of his disastrous mini-budget - was left off his list of ministerial meetings. As, crucially, was the guest list.

Daily Mirror

It’s been a tumultuous 12 months - we look back on 2022’s major moments

From bidding farewell to our beloved Queen to the Ukraine war, the revolving door at Number 10 and all kinds of coming-together events that once seemed obsolete... Richard Godwin reviews 2022

Evening Standard

Who is the ‘sexy turtle’? Andrew Bailey helps decide your mortgage costs

Some praise UK’s most powerful non-elected official for mini-budget response while some say Bank of England governor is out of touch

The Guardian - UK

Kwarteng had ‘all the advice’ but disregarded warnings on mini-budget, MPs told

Treasury officials tell select committee they set out impacts of £45bn plan for former chancellor

The Guardian - UK

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Liz Truss and I ‘got carried away’ writing mini-budget, admits Kwasi Kwarteng

Sacked chancellor says he and ex-PM failed to consider political and economic consequences

The Guardian - UK

Kwasi Kwarteng admits he 'got carried away' with disastrous mini-budget

'There was a brief moment and the people in charge, myself included, blew it'

Wales Online

Kwasi Kwarteng admits he ‘got carried away’ and Liz Truss government ‘blew it’

The former chancellor said his biggest regret was that ‘we weren’t tactically astute’.

The Independent UK

Kwasi Kwarteng admits he and Liz Truss ‘blew it’ with economic reforms

Former Chancellor has admitted he and Liz Truss got ‘carried away’ with their economic reforms that caused a crisis

Evening Standard

Kwasi Kwarteng finally admits he and Liz Truss 'blew it' and got 'carried away'

The former Chancellor, who lasted only 38 days in No11, said they got 'carried away' with their dramatic economic reforms, which spooked the markets and cause the pound to tank

Daily Mirror

London market cools as house prices drop around Britain

House prices fell at their fastest rate since the start of the financial crisis last month as the toxic fallout from Kwasi Kwarteng’s disastrous mini-Budget sent the property market plunging.

Evening Standard

Imminent Cumbria coalmine decision likely to cause new Tory split

Expected approval for coalmine opening could provoke backlash from party’s many opposing voices

The Guardian - UK

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The Guardian - UK

Mini-budget an ‘international embarrassment’ says NatWest boss

UK’s reputation ‘scarred’, Howard Davies tells staff, as he also warns of government plans to boost competitiveness

The Guardian - UK

Let’s not pretend the mini-budget is the sole cause of falling house prices

Script was set when interest rates started rising 11 months ago and slump has some way to go

The Independent UK

Why the energy price cap drop does not mean bills are going down

Chancellor Jeremy Hunt is under pressure to prevent 20 per cent rise in bills from April

Evening Standard

Mulberry’s plea over VAT free shopping reveals folly of Jeremy Hunt’s decision to axe it

Jeremy Hunt will come to regret his short sighted decision to hobble London’s luxury retailers

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The Guardian - UK

Sizewell C ‘confirmed’ again – this time it might be the real deal

Buying out China’s stake was inevitable but the government still has the onerous task of finding committed investors

The Guardian - UK

Bank of England ‘blindsided’ by Kwasi Kwarteng’s mini-budget, says governor

Andrew Bailey tells Lords committee of ‘extraordinary process’ with ‘no formal communication’ between Treasury and Bank

The Conversation

Trust in UK politics has taken a hit after recent chaos – and historical data suggests only a change of government can fix it

A YouGov poll conducted in October this year asked respondents if they trusted the Conservative party. Some 68% said that the party could not be trusted and only 14% said that it could. This followed the ill-advised mini budget from former prime minister Liz Truss and former chancellor Kwasi Kwarteng…

The Guardian - UK

UK mortgage approvals for October fall 10% after mini-budget

Homebuyers face higher interest costs, as lending figures slump to lowest monthly total since June 2020

The Guardian - UK

Dowden paid £8,398 fee by firm of Kwarteng mini-budget party host

Payment for ‘policy advice’ came from company of hedge fund manager who organised September champagne reception

The Independent UK

Rejection of £1.2bn cross-Channel energy cable project challenged at High Court

Development consent for Aquind’s new subsea electricity link between Portsmouth on the south coast and Normandy in France was refused by then Business

The Guardian - UK

Patrick Thomson: the man who ‘helped save UK pensions’

The chair of the fund managers’ trade body says he has his army training to thank for the cool head he kept during the crisis sparked by the mini-budget

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