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 Daily Record · Oct 5, 2022
Alister Jack defends 'real friend' Douglas Ross as Scottish Tory mutiny brews ALISTER Jack has come out in defence of his “real friend” Douglas Ross as the Scottish Tory leader battles brewing rebellions in his own party. The National (Scotland) · Oct 5, 2022
Pound to dollar: Why is sterling so weak? Currency tumbles again after Bank of England warned it is ending support package for pension funds on 14 October The Independent UK · Oct 5, 2022
UK Government urged to give assurance DWP benefits will be uprated next April to match inflation The Work and Pensions Committee has pressed the Chancellor for a commitment to the benefits uprating for 2023/24. Daily Record · Oct 5, 2022
Britannia unhinged: Inside the 7 October edition of the Guardian Weekly Truss and Kwarteng’s freefall market economics. Plus: Putin’s bluster The Guardian - UK · Oct 5, 2022
Gordon Brown warns of ‘national uprising’ if benefits rise falls short Liz Truss and Chancellor Kwasi Kwarteng have so far not ruled out such a real-terms cut to benefits. The Independent UK · Oct 5, 2022
UK's Truss seeks to rebuild her authority at fractious party conference Prime Minister Liz Truss sought on Wednesday to restore her authority following a chaotic first month in power, urging her Conservative Party to trust her to secure economic growth and steer Britain through "stormy days" ahead. Reuters · Oct 5, 2022
Liz Truss to boast of 'disruption' in make-or-break speech as MORE Cabinet splits emerge The Prime Minister will say 'disruption' is worth it to grow the economy in her first Tory conference speech as PM - as ex-PM Gordon Brown warned of a 'national uprising' and her Foreign Secretary slapped down her Home Secretary Daily Mirror · Oct 5, 2022
Rightwing thinktanks run this government. But first, they had to capture the BBC Why are representatives of these shadily funded groups treated as impartial observers on news programmes? asks Guardian columnist George Monbiot The Guardian - UK · Oct 5, 2022
I can’t promise to insulate Scotland from ‘fiscal recklessness’ - Swinney The Deputy First Minister is due to lay out his response to the Chancellor's economic plans soon Insider UK · Oct 5, 2022
Are London house prices about to crash? Warnings of ‘year of pain’ amid rising interest rates and inflation The property market faces a ‘year of pain’, with a new two-year forecast estimating a 10 per cent drop for house prices. But how low will they really go? Evening Standard · Oct 5, 2022
Do you think there should be a snap general election? Pressure has even come from within the Conservative government Manchester Evening News · Oct 5, 2022
Plunging pound and crumbling confidence: How the new UK government stumbled into a political and financial crisis of its own making The new British government is off to a very rocky start – after stumbling through an economic and financial crisis of its own making. The Conversation · Oct 4, 2022
Petrol prices: Drivers ‘denied’ 10p cut as major retailers ‘increase profit margins’ Motorists should have benefited from a drop in wholesale prices, the RAC said The Independent UK · Oct 4, 2022
Daily Mirror · Oct 4, 2022 Humiliated Kwasi Kwarteng and Liz Truss should have the guts to own their blunder Blaming the pressure of the Queen’s funeral for the Conservatives’ Budget for the Rich is a grotesque bid by the Government to shift responsibility
France 24 · Oct 4, 2022 Elon Musk's $44 billion Twitter takeover is back on Just two weeks before going to trial, Elon Musk has agreed to follow through with his $44 billion deal to buy Twitter. The billionaire entrepreneur had tried to call off the takeover just days after announcing it in April. Twitter shares soared as the news was confirmed. Also in the…
Evening Standard · Oct 4, 2022 Tory civil war grows at conference as Suella Braverman accuses MPs of ‘coup’ Liz Truss finds her party simmering with rebellion and discontent and badly lagging in national polls
The Guardian - UK · Oct 4, 2022 Scary Tory clown squad play government in alternate dimensions While Radon Liz and Kamikwasi Kwarteng set quantum dates for fiscal steadiness, Suella Braverman was talking up a coup
The Independent UK · Oct 4, 2022 ‘These things take forever’: Kwarteng says public spending review is too much bother Chancellor dismisses fears of rampant inflation – arguing state services are not like public who ‘buy shopping in Sainsbury’s’
The Independent UK · Oct 4, 2022 What do the government’s tax changes mean for me? From income tax to national insurance, here’s how Liz Truss’s ever-changing economic policies could affect you
The Guardian - UK · Oct 4, 2022 ‘Opposition mindset’: Tory MPs slope home after chaotic conference Conservative disharmony shows no sign of abating as cabinet ministers fight over further potential U-turns
Daily Mirror · Oct 4, 2022 Kwasi Kwarteng blames Queen's death for Budget shambles as Tories plunge into all-out war Under-fire Chancellor Kwasi Kwarteng said the national mourning period added to pressure in the build-up to his Commons statement - which plunged the Conservatives’ poll ratings into freefall
The Independent UK · Oct 4, 2022 Labour support in ‘red wall’ seats soars to 61% Remarkable 23-point swing to Keir Starmer’s party in heartlands since mini-Budget mess
The Guardian - UK · Oct 4, 2022 Uproar and disorder: day 3 of the Conservative conference circus A day after the chancellor’s forced tax-cut reversal, the Tories in Birmingham were still performing some jagged manoeuvres
The Guardian - UK · Oct 4, 2022 Truss and Kwarteng warned not to stretch medium-term growth timeline Concerns that fiscal plan may take longer to deliver than the traditional definition of three to five years