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The Latest Breaking News from Kwasi Kwarteng

Watch: Jeremy Hunt warns of tough spending decisions as he tears up Liz Truss’s plan

Liz Truss is battling to save her premiership as Chancellor Jeremy Hunt warned “eye-wateringly difficult” decisions were needed as he tore up her economic strategy. Mr Hunt scaled back the energy support package and ditched “almost all” the tax cuts announced by his predecessor Kwasi Kwarteng less than a month…

Evening Standard

Awkward Liz Truss spends 29 silent minutes in Commons humiliation over her Budget

The lame duck Prime Minister has been missing in action since she sacked her long-time ally Kwasi Kwarteng on Friday as Chancellor and U-turned on her tax-cutting agenda

Daily Mirror

Jeremy Hunt hints at tax rises as he reverses mini-budget in Commons

Chancellor says decisions of ‘eye-watering difficulty’ are ahead and admits government partly to blame for market turmoil

The Guardian - UK

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Chancellor Jeremy Hunt's budget U-turn branded 'total shambles' as North East reacts

Today's announcement was said to offer no reassurance for families on low incomes who face financial struggles amid a growing cost of living crisis

Chronicle Live

Why was most of mini-budget scrapped and what happens next?

We look at the reasons why Jeremy Hunt is taking action and the economic consequences

The Guardian - UK

Pound rockets as UK rips up budget

London (AFP) - The pound jumped more than two percent against the dollar Monday as Britain's fourth finance minister in as many months sensationally ripped up a tax-cutting budget that had spooked markets.

AFP

The Leader podcast: What’s in Jeremy Hunt’s emergency Budget-scrapping plan?

New Chancellor u-turns on ‘almost all’ of Kwasi Kwarteng’s policies

Evening Standard

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No U-turn from Jeremy Hunt on scrapping bankers’ bonus cap

New chancellor made no mention of policy in economic update but Treasury sources confirm he will go ahead with controversial move

The Guardian - UK

UK leader in peril after Treasury chief axes 'Trussonomics'

New U.K. Treasury chief Jeremy Hunt has reversed most of an economic package announced by the government just weeks ago, including a planned cut in income taxes

The Independent UK

Trussonomics: who were doomed mini-budget’s biggest cheerleaders?

Description of mini-budget as ‘seismic’ in one pro-Tory paper proved correct – though perhaps not in the intended sense

The Guardian - UK

Emergency budget announcement: expert reaction to new UK chancellor's attempt to calm financial markets

Newly installed UK chancellor, Jeremy Hunt, has unveiled a raft of changes to Kwasi Kwarteng’s September 23 mini-budget, which essentially amounted to a rollback on most of its headline points.

The Conversation

Chancellor Jeremy Hunt’s new IR35 reforms explained

The new chancellor has scrapped the repeal of the IR35 reforms

Evening Standard

Mini-Budget U-turns mean interest rates may NOT rise as much as feared, say experts

The new Chancellor Jeremy Hunt this morning announced he will scrap major policies planned by his predecessor Kwasi Kwarteng, in an attempt to calm rattled markets

Daily Mirror

A warning to Truss and Hunt: people see the chaos and unfairness – and they won’t accept it

Activists and unions don’t want Tory austerity, or the opposition’s bland alternative, says former Labour leader Jeremy Corbyn

The Guardian - UK

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Daily Mirror

Lame duck Liz Truss hides behind Penny Mordaunt as she refuses to face questions

Keir Starmer said 'the lady's not for turning up!' as Liz Truss went missing, then turned up for a bizarre silent 29 minutes. Penny Mordaunt was forced to insist 'the Prime Minister is not under a desk'

Daily Mirror

All Liz Truss's U-turns so far in her chaotic 41-day term as Prime Minister

From fracking, windfall taxes and tax cuts to Britain's relationship with Emmanuel Macron, Liz Truss is no stranger to a change of heart - and there's plenty more to come from the flip-flopping PM

AFP

UK axes 'almost all' budget tax cuts in humiliation for Truss

London (AFP) - The British government on Monday axed almost all of its debt-fuelled tax cuts unveiled last month to avert fresh markets chaos, in a humiliating climbdown for embattled Prime Minister Liz Truss.

Chronicle Live

How Chancellor Jeremy Hunt's new tax and energy U-turn announcements will affect you

The newly-appointed Chancellor has announced changes to income tax, the Energy Price Guarantee and alcohol duty - here's a run down of what it all means

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The Guardian - UK

Jeremy Hunt has taken his scalpel to Liz Truss’s budget – now the real pain starts

Emergency surgery on Trussonomics was vital, but years of grind now lie ahead, says Guardian columnist Gaby Hinsliff

The Independent UK

What’s left of the mini-Budget? Bankers bonuses and tax hikes for workers

‘Almost all’ tax plans that have not started to go through parliament are being axed, new chancellor says

The Guardian - UK

Oh Kwasi Kwarteng. You made this a Black History Month I’ll never forget

As a chancellor he was a dud, but as a diversity role model, he was even worse, says writer and broadcaster Nels Abbey

Wales Online

Can Liz Truss survive after Trussonomics is binned?

If she couldn't deliver on the policies she was elected on, what is keeping her in power?

The Guardian - UK

Jeremy Hunt’s economic plan turns the clock back to austerity

UK chancellor’s tightening of fiscal policy will lead to weaker growth and a deeper recession

The Independent UK

Travel retailers deplore government U-turn on VAT-free shopping

Heathrow predicts: ‘Further regression of high streets, shopping centres, ports and airports as we continue to lose out to our European competitors’

France 24

New UK finance minister scraps more tax cuts in further government U-turn

Britain's new finance chief Jeremy Hunt on Monday axed debt-fuelled tax cuts to further calm market turmoil, in another major government U-turn that appears to leave Liz Truss's position as prime minister in a precarious state.

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