The Latest Breaking News from Kwasi Kwarteng

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

Evening Standard · Oct 14, 2022

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

Manchester Evening News · Oct 14, 2022

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.

The Independent UK · Oct 14, 2022

Liz Truss now odds-on to resign as Conservative leader this year following Chancellor sacking chaos

Rishi Sunak is the 2/1 favourite to replace her, with Penny Mordaunt next at 5/1 and Boris Johnson 12/1

Wales Online · Oct 14, 2022

Nicola Sturgeon calls for PM to quit as pressure for general election grows

The First Minister said Tory MPs should back an election if Liz Truss does not resign.

The Independent UK · Oct 14, 2022

Liz Truss ‘hanging by a thread’ as PM, says Lord Hague, after corporation tax U-turn and axing of chancellor

Prime Minister insists she will stay on as leader as she fights for survival of premiership

Evening Standard · Oct 14, 2022

Truss was right to focus on growth. But her rush to get things done was short-sighted

City comment: Rather than hurrying to make announcements, the PM should have spent more time reassuring markets her policies were credible

Evening Standard · Oct 14, 2022

Liz Truss to raise corporation tax in another humiliating U-turn

PM makes second climbdown and sacks chancellor after package of unfunded tax cuts sent the pound tumbling

The Guardian - UK · Oct 14, 2022

Liz Truss clings to job after announcing yet another tax U-turn following disastrous mini budget

The Prime Minister walked out of a Downing Street press conference after just 10 minutes and answering four questions.

Daily Record · Oct 14, 2022

Liz Truss U-turns on corporation tax and admits her plan ‘has to change’

PM concedes radical mini-Budget ‘went further and faster than markets were expecting’

The Independent UK · Oct 14, 2022