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The Latest Breaking News from Kwasi Kwarteng

Could the Labour Party win a British election?

Polls suggest Liz Truss, the new British prime minister, is far from popular, while Labour enjoys a boost.

Al Jazeera

Piers Morgan slams 'unmitigated shambles' Liz Truss and urges Tories to 'get rid'

Piers Morgan lived up to expectations during his stint on the Question Time panel this evening - branding Liz Truss a failure and calling for the Tories to oust her from her position, following the under-fire Prime Minister playing 'casino politics' with the economy

Daily Mirror

Mortgage rates set for 20-year high as house prices dive nearly 10 per cent

Amid ongoing successive economic crises, mortgage rates are now set to hit a 20-year high as experts also warn house prices might fall by as much as 8 per cent

Daily Mirror

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Meltdown averted – but risk of repeat is obvious question Bank needs to answer

BoE has spelt out what was at stake when events last week turned extreme, though surely not unimaginable

The Guardian - UK

Angela Rayner demands inquiries into string of ethics issues from Liz Truss’s first month in No 10

Exclusive: Prime minister allowing sleaze to ‘fester’ at heart of government, Labour claims

The Independent UK

Revealed: rightwing ‘slash and burn’ ideas that could be blueprint for Truss

Exclusive: Free Market Forum suggests scrapping free childcare hours and abolishing corporation tax

The Guardian - UK

More than half of voters think Truss and Kwarteng should resign - poll

Exclusive: Majority think government’s economic package favours the rich and will be bad for UK

The Independent UK

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Liz Truss: this is what happens when governments pursue growth at all costs

When Chancellor Kwasi Kwarteng unveiled his mini-budget on September 23, he was making it clear that the government is prioritising economic growth over inflation – which was one reason the financial markets reacted so badly to his plan.

The Conversation

Fears that families claiming Universal Credit from DWP face losing £1000

UK's poorest households with children stand to get far less than expected next year if Government changes the way increases are worked out

Chronicle Live

Ratings agency Fitch downgrades UK credit outlook to ‘negative’

Chancellor’s plan could lead to a ‘significant increase in fiscal deficits over the medium term’, ratings agency warms

The Independent UK

Keir Starmer brands Liz Truss 'destroyer of growth' with 'kamikaze' mini Budget

The furious Labour leader said Liz Truss's mini-Budget was 'as anti-growth as you could possibly be'

Daily Mirror

Households on every income to be worse off in three years after mini-budget, study claims

The freezes will take away £2 for every £1 given to households through tax cuts, the study suggests

Wales Online

Britain is learning a painful lesson: what happens in ‘emerging markets’ could also happen here

The UK thought it would be protected from the volatility seen in ‘developing’ countries. Now, cracks are beginning to appear, says law lecturer Kojo Koram

The Guardian - UK

What economy chaos will mean for Merseyside mortgages

New analysis shows hundreds of pounds will be added to payments as Labour tells government to reverse plans

Liverpool Echo

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The Independent UK

Bank of England intervention prevented destructive ‘spiral’ after mini-Budget

Threat to pension funds could have triggered ‘widespread financial instability’

The Guardian - UK

This economic chaos is a form of class war on the British public

Trussonomics is the sharp end. But other, structural factors are also driving a systemic assault on working people, says economics professor Daniela Gabor

Financial Times

The cracks in the Cult of the Dead Leader

What worshipping Margaret Thatcher can’t do for UK Conservatives

The Guardian - UK

Kwarteng considers extending mortgage guarantee scheme

Initiative may continue beyond December as bank bosses raise concerns over mortgage market

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Daily Mirror

Tory party 'tearing themselves to pieces' in 'world's biggest pantomime'

The Conservative party annual conference saw ministers turning on one another as new Prime Minister Liz Truss 'p***** off' her party and the country rumbled through crisis after crisis

Liverpool Echo

DWP Cost of Living payment dates from now to Christmas

Full list of when you can expect your energy rebate, cost of living and winter fuel payments and more

Daily Mirror

Households to lose £2 in 'stealth' tax raid for every £1 gained under Liz Truss's plans

The Institute for Fiscal Studies (IFS) found households will lose more over the next three years than they will gain from Tory cuts to personal taxes

The Independent UK

Councils: Delay social care reforms as sector faces ‘perfect storm’ in next year

Chancellor Kwasi Kwarteng said the national insurance hike that was to be used to pay for the measures will be reversed from November.

The Independent UK

Britons face £500 hike in mortgage payments due to ‘kamikaze’ budget, Labour warns

Liz Truss is ‘destroyer of growth’, says Labour leader

The Guardian - UK

Rating agency Fitch downgrades UK credit outlook

Lack of independent forecasts at mini-budget and clash with Bank of England’s inflation strategy prompts cut

The Guardian - UK

Kwarteng to ‘work closely’ with banks as five-year mortgage rates hit 6%; pound falls through $1.12 – as it happened

Average mortgage rates hit 12 year high, as ratings agency Fitch lowers outlook on UK debt to “negative” from “stable”

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