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The Latest Breaking News from Kwasi Kwarteng

Kwasi Kwarteng: only a desperate prime minister sacks a chancellor

Having seen her government’s popularity plummet just weeks after taking office, British prime minister Liz Truss has sacked her chancellor of the exchequer, Kwasi Kwarteng in a bid to save herself. Kwarteng, widely seen as Truss’s right-hand man, was rushed back to London from New York for the occasion, where…

The Conversation

Kwasi Kwarteng's overnight dash home to get sack after deluded gamble led to misery

Kwasi Kwarteng had been chancellor for just 38 days, the second-shortest time ever spent in the post, as Liz Truss replaced him with Jeremy Hunt on a day rapidly descending into farce

Daily Mirror

Kwasi Kwarteng ‘thinks Liz Truss will be gone in a few weeks’ after she sacks him as chancellor

‘His view is that the wagons are still going to circle’

The Independent UK

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Liz Truss Is Flailing, Politically and Economically

The British Conservative Party can’t figure out what it wants.

Reason

Poll finds Truss has failed to gain voters’ confidence with dramatic U-turn

More than half applaud sacking of Kwarteng, but majority think she cannot regain trust

The Independent UK

Truss premiership ‘hanging by thread’ after Kwarteng sacking and latest U-turn

PM’s move to replace chancellor and commit to raising corporation tax fails to placate markets or Tory MPs

The Guardian - UK

Liz Truss fails to calm markets despite sacking Kwasi Kwarteng

Sterling fell, FTSE 100 lost its gains and bond yields rose after PM’s press conference failed to announce new direction

The Guardian - UK

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Friday Headlines: Robbie Coltrane dead aged 72 and Kwasi Kwarteng sacked as chancellor

Here are the main headlines on the Daily Record website today.

Daily Record

Truss could be gone ‘within days or weeks’, say Tory MPs after PM ditches chancellor

Expectation that new chancellor Jeremy Hunt will rewrite Kwasi Kwarteng’s mini-Budget

The Independent UK

The Guardian view on the Conservative party: better off out

Editorial: Liz Truss’s project is finished and her MPs know it. The party needs new ideas and time to rebuild in opposition

The Guardian - UK

Demonstrators block Downing Street gates in protest at PM’s climate approach

Crowds of Extinction Rebellion protesters arrived in Whitehall on Friday, waving flags, setting off flares, chanting and banging drums.

The Independent UK

Pound falls further and bonds under pressure despite Government tax U-turn

THE value of the pound has dropped further despite Liz Truss's U-turn on large parts of former chancellor Kwasi Kwarteng's mini-budget.

The National (Scotland)

Kamikwasi takes Librium Liz’s offer to consciously uncouple from train wreck

Decision to sack chancellor for bonkers mini-budget to restore her credibility was futile. PM and Tories are a laughing stock

The Guardian - UK

NI to stamp duty: what is left of Kwasi Kwarteng’s mini-budget?

After series of U-turns and Kwarteng’s sacking as chancellor, here is where things stand

The Guardian - UK

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Daily Mirror

Can Liz Truss survive? Tory dismay after day of chaos and press conference horror show

The crisis-hit Prime Minister is battling to regain control but mutinous Tories are openly plotting to oust their second leader in a matter of months

Reuters

Fighting for survival as UK PM, a chastened Truss changes course again

It was a bruising meeting with her Conservative lawmakers this week that finally shook British Prime Minister Liz Truss's earlier unwavering faith that she could weather the market fallout from her radical economic growth plan.

Chronicle Live

'Rearranging chairs on a sinking ship' - North East MPs call on Truss to go after Kwarteng sacked as Chancellor

The Prime Minister insisted she would not resign after removing her Chancellor on Friday

The Guardian - UK

From nukes to corporation tax: Liz Truss’s history of flip-flopping

After PM’s latest U-turn, we look at other reversals since her days as a Lib Dem activist

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news in one place.

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Axios

Why Britain's economic mess matters even if you're not British

Britain's economic problems are unique in many ways, but recent events indicate the world economy is entering a new phase.

Birmingham Post

Eight sites put forward for Investment Zone status by North East Lincolnshire Council

All major development areas included as deadline falls on the day of second major mini-budget u-turn

The Guardian - UK

How ‘knives of the long night’ led to brutally swift Kwarteng sacking

The chancellor was dispatched soon after touching down, but Tory colleagues were not convinced that was enough to save the PM

The Conversation

Liz Truss is now a case study in poor leadership

Leaders are watched. They are scrutinised. If you don’t like the idea of being held accountable and having to answer for your actions then a leadership role is probably not for you.

Evening Standard

Has Kwasi Kwarteng set a record? Full list of shortest serving chancellors

Following Kwarteng’s resignation, Jeremy Hunt is the new Chancellor of the Exchequer

The Independent UK

Odds for Liz Truss to leave No 10 before the end of the year slashed

The future of Ms Truss’s leadership appears precarious - and the bookies agree

Tribune News Service

Truss dumps UK corporation tax freeze plan after firing ally

Liz Truss scrapped her plan to freeze corporation tax next year in another dramatic U-turn, hours after she fired her ally Kwasi Kwarteng and replaced him with Jeremy Hunt as UK Chancellor of the Exchequer.

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