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The Latest Breaking News from Kwasi Kwarteng

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

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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

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

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

The Independent 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

The Guardian - UK

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The cracks in the Cult of the Dead Leader

What worshipping Margaret Thatcher can’t do for UK Conservatives

Financial Times

Kwarteng considers extending mortgage guarantee scheme

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

The Guardian - UK

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

Daily Mirror

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

Liverpool Echo

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

Daily Mirror

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 Independent UK

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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”

The Guardian - UK

Spare a thought for your civil servants, trying to cope with Truss’s malignant cult

What to do when ministers fetishise ideology over objectivity and honesty, asks a UK civil servant

Daily Record

The problem is not those who claim benefits - it’s the rotten party in government

Liz Truss and hapless chancellor Kwasi Kwarteng have been left reeling this week as their own MPs publicly called for benefits to rise.

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The Independent UK

Starmer blames Government for families facing ‘eye-watering’ mortgage increases

The Prime Minister and Chancellor have come under fire in recent days amid market turmoil.

Daily Mirror

Brits face £500 mortgage hike as Tory mini-budget U-turn comes 'all too late', Keir Starmer warns

British families face an "eye-watering" £500 mortgage hike, Labour have cautioned, as experts said the average two-year rate is the highest its been since 2008

Wales Online

Starmer blames Tories as families face ‘eye-watering’ mortgage increases

The Labour leader has accused the PM of "causing homeowners across the country sleepless nights"

The New Daily

Alan Kohler: A global epidemic of bad thinking

Bad thinking is different to stupidity or ignorance, but is a sort of rampant confirmation bias, where countervailing evidence is ignored.

Daily Mirror

Inside my most chaotic Tory conference ever - as members fear election defeat

'Every extra day my colleagues spend in this government, they’re more trapped in the nightmare,' said one MP as infighting gripped the Tory conference in Birmingham. Here's the view from inside

Chronicle Live

North East groups warn PM against "cruel and avoidable" benefit changes

A wide range of business, education and charity groups have written to the Prime Minister and Chancellor to warn against real-term cuts to benefits

Chronicle Live

Newcastle MP accuses 'out of touch' Liz Truss of having 'no plan' to deal with cost of living crisis

The Prime Minister pledged to "get Britain moving" on Wednesday, but made no new policy announcement during her Tory party conference address in Birmingham

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