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The Latest Breaking News from Kwasi Kwarteng

Tetchy Jacob Rees-Mogg suggests mini-Budget had nothing to do with economic chaos

In a tetchy interview, the Business Secretary accused the BBC of breaching its impartiality guidelines by questioning him on the fallout after Chancellor Kwasi Kwarteng's tax-cutting blitz spooked markets

Daily Mirror

Liz Truss’ history of U-turns after first major reversals as prime minister

PM is no stranger to about-turns, both large and small

The Independent UK

South West businesses blame 'hare-brained' mini-Budget as recession risk rises

The cost-of-living crisis is taking its toll on businesses with firms calling on the government to do more to help

Birmingham Post

From analysis to the latest developments in health,
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What time will Liz Truss face Commons in PMQs today and how to watch?

Tory leader to square off against Sir Keir Starmer after market mayhem

The Independent UK

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)

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

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)

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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

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

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

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

Wednesday briefing: How much time will Conservative MPs give Liz Truss?

In today’s newsletter: Liz Truss gives her first PMQs since the fiscal statement that blew up her premiership and may hope to calm colleagues. But from benefits cuts to despairing backbenchers, she has a lot to deal with

The Guardian - UK

Pound wobbles as Bank of England warns market support will end on Friday

Governor Andrew Bailey warned there could be no further extension beyond the end of the week

Evening Standard

Pound - live: Ex-Bank of England deputy says Truss tax cuts behind market turmoil

Bank of England’s announcement triggers further uproar in financial markets as pound slips again

The Independent UK

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Daily Record

Loss of trust could come back to bite the Tories

Record View says the damage caused by this government in just one month could take years to fix.

Wales Online

New pension fund warning sparks fresh slump in the pound

Bank of England governor says UK government bond market now poses a 'material risk to UK financial stability'

The Independent UK

Pound plunges as Bank of England warns market emergency support will end on Friday

Sterling fell more than a cent against the dollar to its lowest rate since 29 September

The Independent UK

Liz Truss to face MPs after mini-budget wreaks financial chaos

Governor Andrew Bailey sparked more market turmoil after he said Bank of England support will end on Friday.

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news in one place.

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Daily Mirror

One in five of all families face having their benefits cut in 200 Tory seats

New research shows the scale of the disaster hitting not just Brits on benefits, but the MPs they could turf out of office if Liz Truss goes ahead with plans to cut benefits

The Guardian - UK

Pound falls sharply against dollar after Bank confirms bond-buying end date

Sterling falls more than a cent to below $1.10 after Andrew Bailey tells pension firms they have ‘got to get this done’

The Independent UK

‘Not a single penny less’ to NHS despite tax hike reversal, says minister

The Treasury’s Chris Philp said the Government would offer further details on its spending plans on October 31.

The Guardian - UK

Dead-eyed AI robot Ai-Da sets the bar high for Truss and Kwarteng

A robot addressing a Lords committee evinced a clarity and personality all too lacking at the top of the Tory party

The Independent UK

No 10 reviews Kwarteng’s mini-Budget measures following market turmoil

Exclusive: Staffers told to undertake line-by-line scrutiny to see if changes are needed

The Guardian - UK

Fresh storms threaten Bank of England’s high-wire act

Index-linked gilts join list of things Bank is prepared to buy as dreaded phrase ‘material risk to financial stability’ returns

The Guardian - UK

The Guardian view on Trussonomics: bringing on social and financial devastation

Editorial: The government and its central bank are plotting a path that will create a painful recession. Both ought to change course

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