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The Latest Breaking News from Kwasi Kwarteng

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

The Guardian - UK

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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.

Daily Record

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.

The Independent UK

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"

Wales Online

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

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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

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

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

Chronicle Live

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

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

Truss cut the most popular taxes -- this wasn't an accident, but it may be a mistake

The recent U-turn on cutting the top rate of income tax has shown that even a government willing to “do unpopular things” to grow the UK economy is constrained by the need for public support.

The Conversation

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The Independent UK

Liz Truss: After a torrid Tory conference, what next for the Prime Minister?

Here is what lies ahead for the under-fire Prime Minister over the next few weeks.

Belfast Live

Liz Truss vows to 'face down separatists who threaten to break up United Kingdom'

The Prime Minister pledged to "realise on the promise of Brexit" but made no specific mention of the Northern Ireland Protocol

The Independent UK

‘Coup’, chaos and conflict: What we have learned from the Tory conference

Liz Truss’s first Conservative get-together as Prime Minister was not the jamboree she had hoped for.

Evening Standard

Greenwich is having its moment in the political sun

Power postcodes — so hot right now. Liz Truss and Kwasi Kwarteng, the current Prime Minister and Chancellor, famously both live in Greenwich, while Foreign Secretary James Cleverly is just over the hill in Blackheath.

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Insider UK

Truss promises to make ‘hard choices’ in search for economic growth

The Prime Minister's first party conference speech was also interrupted by Greenpeace protesters

Daily Record

Nicola Sturgeon accuses Liz Truss of 'ranting' during Tory conference speech

The Prime Minister took aim at Labour, the SNP and trade unions in a short speech that received a muted response.

The Independent UK

Fresh confusion as foreign secretary can’t say when Kwarteng fiscal plan will come

Cabinet minister can say ‘exactly’ when crucial borrowing details will be set out amid uncertainty

Evening Standard

Liz Truss vows to get UK ‘through the tempest’ of rising energy and mortgage bills

The Prime Minister stressed the need to “stay the course” of her radical reforms

The Independent UK

How is the pound performing against other currencies?

Sterling rallies slightly after Jeremy Hunt appointed new chancellor

Wales Online

Truss tanks in poll as YouGov say she is 'more unpopular than Boris Johnson or Jeremy Corbyn ever was'

The new PM has a net favourability rating of minus 59. These are depths not even plumbed by Mr Johnson who hit minus 53 in July at the height of 'Partygate' and two months after publication of Sue Gray's report.

Daily Record

Liz Truss doubles down on tax plan that sent UK economy into freefall

In a short speech to party members, the Tory PM tried to defend a set of proposals that will give more cash to corporations and bankers

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