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The Latest Breaking News from Kwasi Kwarteng

UK Treasury chief to bring forward fiscal plan publication

Britain’s Treasury chief says he will bring forward the publication of the government’s full fiscal statement after facing widespread criticism for not providing details about a multibillion-pound, tax-cutting stimulus package he announced last month

The Independent UK

Bank of England doubles daily bond limit to try and reassure financial markets

The Bank of England said that the measure would help pension funds and asset managers to make adjustments to their investments

Evening Standard

Chancellor urged to act now to ‘defuse mortgage ticking time bomb’

The Liberal Democrats predict roughly 168,000 more homeowners will have been hit by a new higher rate by November 23.

Evening Standard

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UK borrowing costs hit highest levels since September market chaos

Yield on 10-year government bonds rises above 4.5% despite Bank of England trying to quell jitters

The Guardian - UK

Chancellor bows to pressure again and brings forward his fiscal plan to Halloween

Kwasi Kwarteng will set out his economic plans on October 31 following a U-turn

Manchester Evening News

Kwasi Kwarteng bows to pressure and brings forward debt-cutting plan to Oct 31

Kwasi Kwarteng has bowed to pressure and brought forward the publication of a report from the Government’s independent fiscal watchdog.

Evening Standard

Liz Truss - live: Sturgeon claims Tories ‘utterly failing’ UK on cost of living crisis

Scotland’s first minister said Truss’s recent fiscal decisions were ‘unconscionable’

The Independent UK

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Kwasi Kwarteng U-turns and agrees to Halloween publication of economic vision

New date of Monday, October 31 announced

Wales Online

Kwasi Kwarteng to launch debt-cutting plan on 31 October

Chancellor will also bring forward publication of OBR forecasts after pressure from MPs

The Guardian - UK

Chancellor Kwasi Kwarteng brings forward Medium-Term Fiscal Plan to Halloween

The Chancellor said the new date will allow the OBR to "capture data releases, such as the recent Quarterly National Accounts and Blue Book revisions"

Birmingham Post

Kwasi Kwarteng will bring forward fiscal plan to Halloween in another U-turn

Chancellor bows to pressure after senior Tories called on him to reassure spooked markets

The Independent UK

Stricken Kwasi Kwarteng brings forward economic plans to HALLOWEEN after Tory nightmare

The Chancellor will set out the medium term fiscal plan on 31 October, alongside a forecast from the independent watchdog

Daily Mirror

Truss must raise benefits in line with inflation, Javid says

Former Tory chancellor also calls on Kwasi Kwarteng to speed up release of OBR forecasts

The Guardian - UK

Liz Truss to abandon benefit cuts in bid to avoid Tory mutiny, reports say

PRIME Minister Liz Truss is set to abandon plans to impose real-terms benefits cuts in an attempt to stave off a Tory mutiny brewing after just…

The National (Scotland)

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The Independent UK

Bank of England expands emergency bond-buying scheme to £10bn a day

Central bank plans ‘orderly’ close to scheme after mini-Budget chaos

Daily Mirror

Bank of England doubles down on emergency measures to protect pension funds from collapse

The Bank of England is upping the daily limit on its emergency gilt-buying programme from £5billion a day to £10billion, before the scheme closes for good this Friday

Evening Standard

Bank of England doubles down on bond deals as Chancellor Kwasi Kwarteng heads to IMF

Jitters about market and UK economy remain

The Guardian - UK

Cutting oil output risks global economy, warns US Treasury secretary

Janet Yellen’s comments come as figures show business activity declining across most UK regions

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The Guardian - UK

Liz Truss’s economic plans are more anti-growth than those of her critics

The Independent UK

The troubles ahead for Liz Truss after her disastrous fortnight

The political landscape has been transformed since MPs were last at Westminster – and not in a good way for the prime minister

The Guardian - US

Why is trickle-down economics still with us?

This gonzo economic theory continues to live on, notwithstanding its repeated failures

Daily Mirror

Cabinet to 'ambush' Liz Truss over benefit cut that'd put 200,000 kids in poverty

The PM is being warned she won't get the cut through as Tories plot with Labour in a civil war - and an ex-Sainsbury's boss warns the crisis is the worst since the 1970s

The Independent UK

Zahawi warns ‘delay is our biggest enemy’ as he urges Tory unity

A senior Conservative MP said the mood in the party is ‘febrile’.

The Independent UK

Ministers ‘blame Bank of England’ for soaring mortgage costs as housing crisis grows

Mortgage costs have risen sharply since chancellor Kwasi Kwarteng’s so-called mini budget

The Guardian - UK

North London townhouses? Liz Truss’s critics can’t afford them

Large Georgian homes worth £4m or more are far more likely to be the province of the chancellor’s ‘pro-growth’ City cronies

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