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The Latest Breaking News from Kwasi Kwarteng

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

The Guardian - UK

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.

Axios

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

Birmingham Post

From analysis to the latest developments in health,
read the most diverse news in one place.

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 Guardian - UK

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.

The Conversation

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

Evening Standard

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

The Independent UK

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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.

Tribune News Service

Nicola Sturgeon: It’s time for Liz Truss to go as Prime Minister

Ms Truss sacked chancellor Kwasi Kwarteng and reversed plans for a cut to corporation tax on Friday.

The Independent UK

Truss sacrifices Kwarteng to save her premiership as she ditches tax pledge

The Prime Minister has appointed Jeremy Hunt as the new Chancellor of the Exchequer.

The Independent UK

The Leader podcast: Can Hunt rebuild UK economy after Kwarteng?

Tax-cutting Kwasi Kwarteng sacked as Chancellor after 38 days

Evening Standard

Three weeks of chaos that cost more than Kwarteng’s job – in numbers

On 30 September, the then chancellor’s mini-budget triggered a chain of events that led to a dramatic downfall

The Guardian - UK

Jeremy Hunt brought in from the cold to be UK's new finance minister

Jeremy Hunt was named Britain's new finance minister on Friday, the latest senior ministerial role for the self-proclaimed entrepreneur regarded by many in his Conservative Party as a safe pair of hands but whose days in top jobs had seemed over.

Reuters

The markets have taken back control: so much for Truss’s Brexit delusion of sovereignty

This is the biggest humiliation of Britain since Suez, a reminder that no government can ignore reality, says Guardian columnist Jonathan Freedland

The Guardian - UK

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Daily Mirror

Jeremy Hunt's 'secret weapon' wife shares unusual pet name for new Chancellor

Jeremy Hunt, the new chancellor for Liz Truss, was given a pet name by his Chinese-born wife, Lucia, who said the moniker came from her grandmother when they went to China for their wedding

Evening Standard

Rare family appearance and a TikTok glow-up — Jeremy Hunt’s first Budget

The Chancellor has already lasted longer in the job than his predecessor Kwasi Kwarteng – so does his first Budget fit the serious, “steady” reputation he’s become known for? Katie Strick reports

Wales Online

Mark Drakeford accuses Liz Truss of being the 'architect of her own misfortunes' and calls for stability

First Minister Mark Drakeford was reacting to the Prime Minister's latest U-turn and sacking of her chancellor

Wales Online

Welsh Conservatives leader suggests a general election should be called if Liz Truss can't 'regain confidence'

He was speaking before news broke that the Chancellor had been sacked

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Evening Standard

Kwasi Kwarteng out, Jeremy Hunt in, Liz Truss clings grimly on

A press conference that could have been an email. Dressed in funereal black, Liz Truss stood at the podium for roughly 494 seconds, each more excruciating than the last. She made a brief statement before taking all of four questions. What did we learn?

The Independent UK

Truss defends her low tax agenda as she makes major U-turn and sacks Chancellor

Admitting she had to change course, she reversed a key policy to scrap the planned rise in corporation tax from 19% to 25%.

The Independent UK

Liz Truss’s history of U-turns after series of reversals as prime minister - OLD

PM is no stranger to about-turns and, less than two months into her premiership, they just keep coming

Evening Standard

Pound falls after Liz Truss walks out of press conference after just 8 mins 21 secs

Markets, which had been performing well most of the day, appeared far from persuaded by the PM’s speech

Manchester Evening News

Liz Truss says she will NOT resign as Prime Minister as she announces U-turn following sacking of Kwasi Kwarteng

The Prime Minister announced a major new u-turn today after replacing her former Chancellor

The Independent UK

Mortgage lenders ‘should feel confidence to put more products on the market’

Some of the downward pressure on house prices and transactions will be tempered following the Government’s U-turn, a housing market expert suggests.

Edinburgh Live

Can the public force a UK general election as Chancellor sacked within 38 days

Former Chancellor Kwasi Kwarteng was relieved of his position today (October 14), as Prime Minister Liz Truss performed a complete U-turn on new taxes set in place.

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