The Latest Breaking News from Kwasi Kwarteng

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

There were reports it might be extended past Friday

Wales Online · Oct 12, 2022

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 Independent UK · Oct 12, 2022

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…

The National (Scotland) · Oct 12, 2022

Pound falls further as Bank of England warns market support will end soon

THE pound fell again overnight after the Bank of England governor warned its emergency support package for the markets would end on Friday.

The National (Scotland) · Oct 12, 2022

Kwasi Kwarteng’s ‘original sin’ caused UK turmoil, says ex-Bank of England deputy

Sir Charlie Bean says Bank could extend emergency action to ease ‘pressure’ on government

The Independent UK · Oct 12, 2022

Risk of recession rises as UK economy shrinks in August

THE risk of a recession has risen after the UK’s economy shrank in August as factories and consumer services firms struggled, according to…

The National (Scotland) · Oct 12, 2022

Jacob Rees-Mogg claims parts of economy in ‘good state’ and insists pensions safe

Cabinet minister clashes with BBC host – and reveals his own mortgage payments have gone up

The Independent UK · Oct 12, 2022

Populist rhetoric without the popularity – Truss’s guaranteed recipe for failure

At least Brexit had an electoral mandate. The PM’s project of economic self-harm is neither politically nor morally feasible, says Guardian columnist Rafael Behr

The Guardian - UK · Oct 12, 2022

Pound falls after Bank of England warns market support will end in days

There is continuing market turmoil in the wake of Chancellor Kwasi Kwarteng’s mini-budget

Wales Online · Oct 12, 2022

London politics latest LIVE: Liz Truss faces pressure for tax cut U-turn after insisting public spending will not be slashed

Treasury Select Committee chairman Mel Stride suggested Kwasi Kwarteng will need to show a ‘clear change in tack’ to satisfy markets after Liz Truss ruled out public spending cuts

Evening Standard · Oct 12, 2022