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The Latest Breaking News from Kwasi Kwarteng

UK prime minister forced from office amid economic turmoil, chaos in parliament and a party in tatters

The U.K. government is in tatters after Prime Minister Liz Truss resigned on Oct. 20, 2022 – the second leader to be forced out in mere months. It follows an economic mess largely of her own making that resulted in U-turns, a high-profile firing, curious absences and plummeting support.

The Conversation

Asos’s global overstretch shows in share price and operating profits plunge

Long-term shareholders would be immeasurably richer if Asos had stayed in the UK, its ‘core operation’

The Guardian - UK

Laughter fills the pauses as blank Liz Truss is let out to play leader

The ghouls gathered, not wanting to miss the action, but it could have been so much worse

The Guardian - UK

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Braverman hits out at ‘tumultuous’ Liz Truss as she exits as home secretary

Suella Braverman accused the Prime Minister of having ‘broken key pledges’ to voters as she quit.

The Independent UK

Suella Braverman departs as home secretary 'after mishandling documents'

SUELLA Braverman has hit out at the “direction” of the government after it emerged she had left her post as home secretary.

The National (Scotland)

Kwasi Kwarteng failed to brief Bank of England about risks from mini-budget, MPs told

Bank would have warned of any a threat to ‘financial stability’ – but was in the dark about tax cuts to be unleashed

The Independent UK

Suella Braverman forced to resign as UK home secretary

Rightwinger is replaced by Grant Shapps in further serious blow to Truss’s authority

The Guardian - UK

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Liz Truss in line for £18,000 ‘golden goodbye’ after resignation

Prime minister entitled to quarter of her salary as severance pay with no minimum time limit

The Independent UK

Jeremy Hunt ignored call from Liz Truss begging for help because he thought it was prank

The top Tory was on holiday with his wife and children in Belgium - and is thought to have laughed out loud when he got a text saying ‘Jeremy, it’s Liz Truss , please call urgently’

Daily Mirror

Shambolic Liz Truss pulls out of visit as sixth Tory MP calls on her to quit

No10 said the Prime Minister was engaged with "government business" but did not give a specific reason for the cancellation of the visit to a defence and aerospace manufacturer Hertfordshire

Daily Mirror

How the Liz Truss leadership crisis could end in a general election

Conservative government again in turmoil after new PM’s disastrous start

The Independent UK

Liz Truss 'faked deaths of relatives to dodge Question Time', ex-aide claims

LIZ Truss used to pretend members of her family had died in order to avoid media appearances, one of her former aides has claimed.

The National (Scotland)

House prices in London rise again but agents warn that crash ‘now inevitable’

The average house price in London stands at an-all time high of £552,755

Evening Standard

Five key questions facing Liz Truss as crunch PMQs looms

The issues on MPs’ and voters’ minds, from pensions and fuel bills to the prime minister’s personal credibility

The Guardian - UK

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The Guardian - UK

In Britain today it seems your suffering only counts if you have a mortgage

Despite a deepening crisis, it wasn’t until homeowners were threatened that Westminster reacted, says political economist William Davies

The Independent UK

Michael Gove: ‘No longer question of if Liz Truss goes, but when’

Britain is in economic ‘hell’ before ‘purgatory’, former levelling-up secretary says

The Independent UK

What is 55 Tufton Street? The house that ‘crashed’ the UK economy

Westminister home of conservative think-tanks targeted by Led By Donkeys over failure of ‘Trussonomics’

The Guardian - UK

Bank is taking a risk in cracking on with first QT sale

Longer delay might have been mildly embarrassing but would be the safer approach

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The Guardian - UK

Hunt’s expected austerity drive – where will the axe fall?

Rebellious backbenchers, underfunding and previous pledges mean there are no easy options for the new chancellor

The Independent UK

Bank of England pushes back start of gilt sale to November 1

It came after the central bank earlier denied a postponement of plans to start selling government bonds.

The Guardian - UK

End of triple lock is just another broken promise by PM in Name Only

Librium Liz gets through another day of humiliation for herself, her party and her country

WEKU

The U.K.'s Liz Truss hangs on by a thread, as party members call for her ouster

After a bruising first six weeks in office, the prime minister replaced her finance chief with former leadership rival Jeremy Hunt. But she still faces a barrage of criticism.

Nottingham Post

DWP could cut Universal Credit for 114,000 claimants after rule change

People may need to take part in 'work activities'

The Independent UK

Ryanair boss blames ‘car crash’ economic crisis on Brexit ‘failure’

Michael O’Leary hopes the appointing of Jeremy Hunt will lead to more ‘sensible’ policies

Chronicle Live

Fears more than 11,000 households in Northumberland will see spike in mortgage costs

The Bank of England has already increased interest rates and is expected to increase them further next week

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