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The Latest Breaking News from Kwasi Kwarteng

Kwasi Kwarteng to stand down as MP at next election

Former chancellor oversaw ill-fated ‘mini-budget’ in 2022 and was sacked by Liz Truss after only 38 days

The Guardian - UK

Kwasi Kwarteng quit shock: Former chancellor announces he's standing down as Tory MP at next election

Former chancellor Kwasi Kwarteng has announced that he will leave Parliament at the next election.

Evening Standard

Frustration in Labour ranks over Reeves’s refusal to reinstate bankers’ bonus cap

Shadow chancellor is warned that decision will be unpopular with voters, including those in ‘red wall’ seats

The Guardian - UK

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Head of OBR says lack of budget details led to ‘work of fiction’ forecasts last year

Richard Hughes criticises lack of information from government about public spending plans

The Guardian - UK

David Cameron joins Britain's poshest members' club

The foreign secretary resigned from White's in 2008 over it's men-only policy

Evening Standard

Forget talk of Labour’s ‘tax bombshell’. It’s Tory policy that needs a watchful eye

Conservative economic promises such as tax cuts fail to match fiscal reality – the key to progress is investment, not austerity

The Guardian - UK

‘Shameless’ Truss gives honours to cronies who backed her disastrous government

The list attracted considerable controversy before it was even published due to the short-lived nature of Liz Truss’s premiership

The Independent UK

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James Dyson criticises Tories for not ‘going for growth’ after fall in GDP

Inventor defends economic policies of Kwasi Kwarteng and Liz Truss that sent economy crashing

The Guardian - UK

James Dyson accuses Rishi Sunak of not ‘going for growth’ as UK at risk of recession

Billionaire inventor says wealth generation and growth have become ‘dirty words’ in government

The Independent UK

Think tank behind Liz Truss appears on UK media 14 times a DAY in 2023

The Institute of Economic Affairs appeared on British media an average of 14 times a day in the last year, this newsletter has found.

The National (Scotland)

Hunt risks chancellor’s curse with toast at pub

Is Hunt tempting the fates by drinking at The Two Chairmen?

Evening Standard

Hunt’s budget may be economic fantasy, but he’s set a political trap for Labour

Rishi Sunak’s small-state ideology misjudges the needs of the economy and the mood of the country, says Guardian columnist Rafael Behr

The Guardian - UK

Autumn statement 2023: what might it mean for London first-time buyers and homeowners?

From raising the stamp duty threshold to slashing inheritance tax, extending mortgage guarantees to new deposit-saving schemes, here's what could be announced tomorrow

Evening Standard

Autumn statement: tax cuts could boost UK economy, but businesses also need more certainty

It’s the right time to cut taxes to grow the economy, according to Prime Minister Rishi Sunak. Both he and the chancellor have been discussing the “path to reducing the tax burden” in recent days.

The Conversation

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The Guardian - UK

‘The politics of yesterday’: discontent on Tory right mars Cameron’s return

MPs such as Kwarteng and Rees-Mogg are resentful of ex-PM’s Brexit stance and see his comeback as a gamble

The Guardian - UK

Labour motion to ban Truss-style budget meltdowns puts pressure on Tory MPs

Party loyalty would force Conservatives to vote against plan for fiscal responsibility

The Guardian - UK

Maybe Sunak does have a grand plan. But that king’s speech looked more like an admission of failure

This ragbag of unambitious measures bears all the hallmarks of a programme that can be quietly abandoned later, says Guardian columnist Martin Kettle

The Guardian - UK

Tuesday briefing: Why eco-conscious King Charles is announcing new gas and oil projects today

In today’s newsletter: In his first King’s Speech, the new monarch will announce his government’s annual priorities – including a slate of climate-unfriendly policies

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Evening Standard

London tourism is booming! Raise a glass to... Kwasi Kwarteng?

City Comment: He may have nearly wrecked the British economy and brought mortgage misery to millions... but at least the hotels are full

Evening Standard

Fresh calls to scrap UK’s ‘tourist tax’ at Tory party conference

Levelling up minister Lee Rowley was put on the spot over the issue of VAT-free shopping

Evening Standard

A year after the mini-Budget ‘doom loop’, UK gilts look a lot less stressed

City Voices: Rather than a huge shift to de-risk by locking in the higher yields on offer this year, LDI schemes have been more focused on getting their houses in order

Evening Standard

Truss and Kwarteng wrecked our economic reputation in a matter of days. A year on, it still hasn’t recovered

City Comment: The fallout from that extraordinary week is still being felt today

The Guardian - UK

A year after Truss’s demolition job, the UK is still in a hole

Her worst ideas were reversed, but today’s economy is similarly floundering, as Sunak prepares for his own autumn budget

The Guardian - UK

‘We lost about £100,000’: one year on, Britons count cost of the mini-budget

People who lost money for care home fees and others facing rocketing mortgage costs after Truss’s gambit share their stories

The Guardian - UK

‘Wishful thinking’ for Sunak to say UK on course to meet emissions targets, says Climate Change Committee boss – as it happened

Climate Change Committee head says ‘we’ve moved backwards’ after PM defends decision to delay ban on selling new petrol and diesel cars

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