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The Latest Breaking News from Kwasi Kwarteng

Truss apologises for ‘mistakes’ and vows to lead Tories into next election

The prime minister has been has been humiliated by a raft of U-turns

Wales Online

U.K. Prime Minister Truss abandons her agenda to stem market meltdown

Truss is still officially in charge, but hardly seems to be in control.

Axios

Liz Truss apologises for ‘mistakes’ and vows to lead Tories into next election

The Prime Minister said she had ‘adjusted what we’re doing’ after the Government’s fiscal plans spooked the markets.

The Independent UK

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UK workers facing ‘two decades of lost living standards’, union boss warns

‘See you in court,’ Frances O’Grady is to warn ministers over legal moves to undermine strikes

The Independent UK

Liz Truss holds crunch No10 meeting with Cabinet as she faces calls to resign from five Tory MPs

Mss Truss swerved a House of Commons grilling on her decision to sack Kwasi Kwarteng

Evening Standard

How will you be affected by the government’s tax and NI changes?

We examine the relative fortunes of some sample households under Kwasi Kwarteng’s mini-budget and Jeremy Hunt’s revised plans

The Guardian - UK

No 10 chief of staff accompanied Libyan militiaman to Foreign Office meeting

Exclusive: Mark Fullbrook said to have acted as Fathi Bashagha’s PR adviser, as officials were lobbied on foreign policy

The Guardian - UK

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‘A case of when, not if’ Tories oust Truss amid plotting

British Prime Minister Liz Truss is trying to rescue her premiership after the tax cut debacle caused a fiscal crisis and gave Labour a gargantuan polling lead over her Conservatives. But after that calamitous start, analysts doubt the Tory Party will keep Truss in power for long, even if it…

France 24

Martin Lewis calls for immediate increase in benefits after Jeremy Hunt rips up mini-Budget

Personal finance guru calls on government to hike benefits in line with latest inflation figures

The Independent UK

Truss commits to pensions triple lock despite Hunt signalling it could be scrapped

Prime minister stands by big rises to pensions despite Chancellor’s misgivings

Evening Standard

The one hugely unpopular mini-budget measure that will still go ahead

It is one of the few of Liz Truss and Kwasi Kwarteng's flagship spending policies that remains

Wales Online

Housing market expected to benefit as Hunt rips up mini-budget

Savills says move is ‘best feasible outcome’, but some experts say risk remains of ‘significant’ house price falls

The Guardian - UK

Liz Truss meeting with Graham Brady when she swerved Commons grilling on Kwasi Kwarteng

The Commons Leader Penny Mordaunt stood in for the Prime Minister to answer questions from the opposition

Evening Standard

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

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Daily Mirror

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

The Guardian - UK

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

Chronicle Live

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

The Guardian - UK

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

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news in one place.

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Evening Standard

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

The Guardian - UK

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 Independent 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 Guardian - 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 Conversation

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.

Evening Standard

Chancellor Jeremy Hunt’s new IR35 reforms explained

The new chancellor has scrapped the repeal of the IR35 reforms

Daily Mirror

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

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