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The Latest Breaking News from Kwasi Kwarteng

I can’t promise to insulate Scotland from ‘fiscal recklessness’, says Swinney

John Swinney appeared before Finance and Public Administration Committee on Tuesday.

The Independent UK

Liz Truss forced to apologise for £2500 energy bill price cap bungle in radio interviews

When Truss was interviewed by eight local radio stations last week she repeatedly stated that consumers’ energy bills would be “no more than…

The National (Scotland)

Truss and Kwarteng face Commons bid to dock their pay over ‘gross mismanagement’

The Liberal Democrats plan to table a censure motion calling for the Prime Minister and the Chancellor to lose half their additional salaries.

The Independent UK

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read the most diverse news in one place.

Kwarteng U-turn on statement timing ‘could ease mortgage pain for millions’

Senior Tory says watchdog report will influence crucial rate-setting meeting

The Independent UK

This panic among the Tories is making Boris Johnson’s time look stable

U-turns are an inelegant but necessary manoeuvre on the erratic journey of politics. Tony Blair executed one on his pledge to hold a referendum on the EU constitution, deepening integration in the early 2000s, while George Osborne engaged his reverse gear as chancellor over benefit cuts to diffuse an internal…

Evening Standard

Government debt plan: What is it, when, and what cuts can we expect from Liz Truss and Kwasi Kwarteng?

The Chancellor has now said his medium-term fiscal plan will come “shortly” rather than at the end of November, as was previously planned

Evening Standard

Kwarteng IEA fringe event hints at how deeply thinktank is embedded in No 10

Key figures at rightwing thinktank have close links to Liz Truss and several alumni are now on her staff

The Guardian - UK

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Calls for Liz Truss to U-turn on 'obscene' plans to slash benefits

THE SNP have said Liz Truss must perform yet another U-turn over “obscene” Tory plans to slash benefits.

The National (Scotland)

Chancellor Kwasi Kwarteng shrugs off ‘little turbulence’ after U-turn over tax cut for the rich

Opposition MPs derided Mr Kwarteng's 'botched budget' which was a 'huge economic body blow to working people that will mean higher prices and soaring mortgages.'

Wales Online

Liz Truss fails to say whether she trusts her Chancellor after Budget disaster

No 10 insisted on Monday that Liz Truss had full confidence in Kwasi Kwarteng - but less than 24 hours later the PM sidesteps the question of trust in TV interview

Daily Mirror

Pound bounces back after Government's U-turn on tax cuts for the rich

The pound is beginning to rise again after it slumped due to Government plans to scrap income tax cuts for the very richest in society that panicked markets last week

Daily Mirror

Martin Lewis' stark advice to first-time buyers who are ready to buy a house

'We're working with so many variables it's incredibly complex right now'

Wales Online

Tory MPs not party members should decide on leader, says William Hague

Better for MPs to have ‘full say’ rather than grassroots, says former Tory leader

The Independent UK

Priti Patel says Tories will 'live and die' by economy and must 'regain' credibility

The former Home Secretary is expected to tell a conference meeting later that the Tories will "live or die" by its economic credibility - after nearly two weeks of chaos following the mini-budget and a screeching U-turn on tax cuts for the rich

Daily Mirror

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The Conversation

Liz Truss: how to understand polls that give Labour an enormous lead – and why the Tories are right to fear a major election loss

When Chancellor Kwasi Kwarteng announced that he would not be going ahead with his plan to scrap the top rate of tax in the UK, he claimed that he had done so because “he listened” to the public. There had indeed been a widespread outcry over his plan, set out…

Daily Mirror

'Tories will never have to get it, yet another U-turn is a further kick in the teeth'

As the Chancellor Kwasi Kwarteng attempted to put the horror show of the past 10 days to bed, his U-turn only served to show the Tories aren't "listening" at all

The Independent UK

Liz Truss’ history of U-turns after first major reversal as Prime Minister

The Tory frontrunner has performed many U-turns, big and small

The Independent UK

Priti Patel accuses Liz Truss of spending ‘with no thought of tomorrow’

Former home secretary says Tories ‘live or die’ on their economic credibility

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news in one place.

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The Independent UK

UK's Truss vows to listen as she reels from policy U-turns

British Prime Minister Liz Truss has insisted she is leading “a listening government” that learns from its mistakes

Wales Online

Liz Truss under pressure over benefits as she refuses to rule out real terms cut

Senior former Welsh Tory minister Stephen Crabb says the U-turns so far have not been enough to pacify anger on Conservative benches

Daily Record

Liz Truss refuses to rule out real terms cuts to Universal Credit as pressure mounts on PM

The Prime Minister is reportedly considering raising benefits in line with earnings rather than inflation - and telling claimants it is unfair to receive a higher raise than workers.

The Guardian - UK

Kwarteng bringing forward debt plan could calm markets, says top Tory MP

Mel Stride, chair of Treasury committee, says move could also mean smaller interest rate rises

Reuters

Truss faces new challenge over UK welfare payments

British Prime Minister Liz Truss triggered a new row in her party on Tuesday by suggesting she could limit increases in benefit payments to less than soaring inflation as she seeks ways to fund her tax-cutting growth plan.

Evening Standard

Watch: Kwarteng shrugs off ‘little turbulence’ after U-turn over tax cut for rich

Kwasi Kwarteng has sought to shrug off the chaos that triggered his astonishing U-turn on income tax cuts for the highest earners as a “little turbulence” as he battled to regain authority. The Chancellor remarked it had been a “tough” day as he told Conservative members in his set-piece conference…

The Independent UK

Pound bounces back in Asia trading after Liz Truss’s tax plan U-turn

Sterling is at its highest value against dollar since 22 September

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