The Latest Breaking News from Kwasi Kwarteng

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 Independent UK · Oct 11, 2022

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 · Oct 11, 2022

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

The Guardian - UK · Oct 11, 2022

Plans for possible benefit cut for 5.6million Universal Credit claimants to be unveiled on Halloween

The Autumn Statement has been moved forward several weeks in order to calm spooked financial markets

Wales Online · Oct 11, 2022

Downing Street defends mini-budget AGAIN despite second IMF intervention

KWASI Kwarteng has once again defended his mini-budget after the International Monetary Fund criticised the UK Government’s tax-cutting plans.

The National (Scotland) · Oct 11, 2022

Kwasi Kwarteng’s tax cuts will benefit richest amid dividend boom – report

Since pandemic shareholders have enjoyed large payouts at time of meagre workers’ pay growth, thinktanks find

The Guardian - UK · Oct 11, 2022

Halloween D-Day announced for 5.6million Universal Credit claimants facing benefit cut

Chancellor Kwasi Kwarteng told MPs that he would announced whether the Government would increase benefit payouts in line with rising prices or earnings in April as part of his financial statement on October 31

Daily Mirror · Oct 11, 2022

Bank of England intervenes again, warning of “material risk to UK financial stability”

Duncan Weldon’s excellent book, Two Hundred Years of Muddling Through, an economic history of Britain from the Industrial Revolution up to the pandemic, almost had a different title: “I wouldn’t start from here”, based on the old joke about the tourist asking for directions.

Evening Standard · Oct 11, 2022

No return to austerity under Liz Truss despite budget shortfalls, says Downing Street

The Prime Minister also remained ‘committed’ to the growth measures set out in the Chancellor’s mini-budget, her official spokesman said

Evening Standard · Oct 11, 2022

Long-awaiting new leisure centre shelved due to budget cuts and spiralling inflation

The £20m building has been put on the back burner as the council faces a £16m budget shortfall

Manchester Evening News · Oct 11, 2022