The Latest Breaking News from Kwasi Kwarteng

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 · Oct 6, 2022

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 · Oct 6, 2022

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 · Oct 6, 2022

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

Daily Mirror · Oct 5, 2022

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.

The New Daily · Oct 5, 2022

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

Daily Mirror · Oct 5, 2022

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 · Oct 5, 2022

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

Chronicle Live · Oct 5, 2022

Rates for two-year fixed mortgage pass 6% mark for first time since 2008

News comes day before UK chancellor is due to discuss impact of market turmoil with high street lenders

The Guardian - UK · Oct 5, 2022

Universal Credit claimants with families could lose £1,000 if Government waters down benefit

People on Universal Credit could get far less than expected next year if the Government changes the way that normal increases are worked out - and several top Tories hint that might happen

Daily Mirror · Oct 5, 2022