The Latest Breaking News from Kwasi Kwarteng

Tax on earnings already amended three times in 2022

Number 10 today said the new Prime Minister does not intend to re-introduce a 1.25% rise in National Insurance rise, which was brought in to help the NHS and social care recover from Covid crisis

Dominic Raab was sent to the backbenches by Liz Truss, but has returned as deputy PM just weeks later, while Jeremy Hunt remains in place as Chancellor on Rishi Sunak's first day in office

Recent changes in the UK’s top job have had a positive effect on pound sterling and long-term sovereign bond yields. But the financial market reaction has been muted compared with the financial turmoil blamed on former prime minister Liz Truss and ex-chancellor Kwasi Kwarteng in recent weeks.

New PM has himself made case for longer period of reflection, citing ‘difficult decisions’ ahead

The Independent’s general election campaign continues to attract massive support after the ousting of Liz Truss and the prospect of a Boris Johnson comeback looms

Banks and building societies are starting to cut prices for their new mortgages, offering relief to struggling homeowners facing soaring home loan prices this year

Departing PM to give speech after chairing final Cabinet meeting on Tuesday morning

Former chancellor will have to ‘work hard to restore credibility’, economists warn