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The Latest Breaking News from Kwasi Kwarteng

Why Liz Truss' pledge not to cut public spending is not all that it seems

Critics believe the Prime Minister has three options: U-turn and cut spending, U-turn on tax cuts, or keep going and drive the economy off a cliff. Some of the answers may lie in the detail

Daily Mirror

Liz Truss in fresh peril as senior Tory MPs round on her over economy

PM accused of ‘trashing’ Conservative values and a PMQs performance that was ‘just appalling’

The Guardian - UK

Liz Truss faces revolt as angry Tory MPs demand U-turns on tax plans

Prime minister accused of ‘trashing 10 years of conservatism’ by angry MP

The Independent UK

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

Cliff edge looms for UK’s financial system

BoE’s move to end bond buying is a big gamble given the magnitude of the bind Britain is in

The Guardian - UK

The Guardian view on the UK’s financial crisis: a lot of blame to go around

Editorial: Liz Truss and Kwasi Kwarteng deserve all the criticism coming their way – but spare some flak for the Bank of England

The Guardian - UK

State Pension Triple Lock rule to be introduced in 'usual way' until end of Parliamentary term

Since 2010, the full annual amount of the basic State Pension has risen by over £2,300 - and the Department for Work and Pensions (DWP) will announce the uprating in November.

Edinburgh Live

Economists fire back after Rees-Mogg tries to pin blame on others for mini-budget chaos

Senior Conservative says it was all down to Bank of England’s failure to raise interest rates in line with the US

Wales Online

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EXPLAINER: What caused UK's economic crisis and what's next?

Prime Minister Liz Truss took office last month promising to rebuild the British economy and put the nation a path to “long-term success.”

The Independent UK

All Liz Truss's biggest U-turns exposed - and the ones that are yet to come

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

Daily Mirror

PMQs analysis: As Liz Truss tried to avoid mini-budget elephant in room, did she walk into bear trap?

In one of his stronger performances, Sir Keir Starmer called for a reversal of the ‘Kamikwazi budget’

Evening Standard

Rapid U-turn as Liz Truss indicates she COULD make public spending cuts

LIZ Truss's spokesman has suggested she could cut public spending after all despite the Prime Minister's "absolute" commitment during PMQs…

The National (Scotland)

Top Tory warns tax cuts U-turn WILL happen as 'pyromaniac' government refuse to back down

Mel Stride, who chairs the influential Treasury Select Committee, says he is among those who expects Chancellor Kwasi Kwarteng will have to row back further when he announces full financial plans

Daily Mirror

Ian Blackford accuses Liz Truss of ignoring 'damage' and 'chaos' of mini-budget

The SNP's Westminster leader also took aim at the Prime Minister saying she was more concerned about saving the Chancellor Kwasi Kwarteng's job than making sure the poorest in society will be able to heat their homes this winter

Daily Record

Watch MPs jeer as Liz Truss claims General Election is 'last thing we need'

LIZ Truss was jeered in the Commons after she told MPs that a General Election was the “last thing we need”.

The National (Scotland)

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The Independent UK

Starmer warns Tory MPs they will not be forgiven for backing ‘kamikaze’ budget

Sir Keir, in his remarks at Prime Minister’s Questions, asked: ‘Who voted for this? Not homeowners paying an extra £500 on their mortgages.’

Liverpool Echo

BBC PMQs viewers baffled by 'unusual problem' as Liz Truss attempts to defend policies

It was the first PMQs since Ms Truss' economic plans sent the markets into turmoil

The Guardian - UK

Mini-budget will not lead to promised growth, leading economists tell MPs

Economic confidence in UK seriously undermined by Kwarteng and Truss’s ‘guerrilla tactics’, Commons committee hears

Evening Standard

Liz Truss facing MPs as pressure mounts over economy

The Prime Minister is facing MPs on Wednesday for the first time since Chancellor Kwasi Kwarteng’s £43 billion mini-Budget tax giveaway unleashed chaos in the financial markets.On Tuesday, senior Tories warned the Government’s economic credibility would be further shredded if the Chancellor tries to push through the disputed mini-Budget policies…

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news in one place.

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Daily Record

State Pension Triple Lock rule to be implemented in ‘usual way’ until end of current Parliamentary term

Since 2010, the full annual amount of the basic State Pension has risen by over £2,300.

Evening Standard

Shock fall in monthly growth leads to new fears of recession

Markets’ jitters over Kwasi Kwarteng’s plan continue

Evening Standard

Tory voters could abandon party if house prices fall, poll shows

Homeowners who voted Tory in 2019 would be put off backing the party at the next General Election if property prices fall, a new survey has found.

Daily Mirror

Liz Truss promises NO cuts despite '£60bn needed' as Keir Starmer blasts her 'madness'

Liz Truss was facing angry MPs who are demanding she tears up more of her mini-Budget - after a month with no PMQS that has been marked by U-turns and financial turmoil

Wales Online

Bank of England reveals its scheme to protect market will end on Friday

There were reports it might be extended past Friday

The Independent UK

How the pound is performing against other currencies

The pound fell against the Albanian Lek, the Lebanese pound, and the Malaysian Ringgit, among many others

The National (Scotland)

Jacob Rees-Mogg accuses BBC of bias over 'speculative' reporting on mini-Budget

JACOB Rees-Mogg has criticised the BBC ’s reporting of the economic turmoil witnessed in the wake of the government’s mini-budget, claiming…

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