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 The Independent UK · Oct 4, 2022
Liz Truss fights for ‘hearts and minds’ of Tory MPs as revolt deepens String of Tory MPs line up to raise fears on benefits cuts Evening Standard · Oct 4, 2022
Row over Universal Credit and other DWP benefits amid fears of Liz Truss cut Ms Truss and Kwasi Kwarteng may announce a real-terms cut in benefits Wales Online · Oct 4, 2022
Pound at two-week high as FTSE 100 posts best day since June – as it happened Chancellor denies reports that he will bring his medium-term fiscal plans forward to this month, despite pressure from markets and MPs The Guardian - UK · Oct 4, 2022
Liz Truss news – live: Braverman backs 45p tax rate cut and claims U-turn was ‘coup’ Truss faces a new battle with her MPs on welfare after 45p tax rate U-turn The Independent UK · Oct 4, 2022
Britain's weakened Truss faces fight for credibility British Prime Minister Liz Truss had hoped her governing Conservative Party's annual conference would be her crowning glory, but instead she was forced into a humiliating U-turn that has left her, and her team, fighting for credibility. Reuters · Oct 4, 2022
Players will be cut adrift by scrapping of EuroPro Tour - Nick Rodger Can you remember when the late Jeremy Beadle used to play all manner of pranks on unsuspecting members of the public and would tease them into a… The National (Scotland) · Oct 4, 2022
Chancellor Kwasi Kwarteng makes second U-turn in two days as he promises to set out debt plan earlier than planned Kwasi Kwarteng has made the change after markets reacted badly to his package of tax cuts Wales Online · Oct 4, 2022
Tuesday briefing: The Truss thinkers that tanked the Tories In today’s newsletter: Free market thinktanks are rejoicing at Kwasi Kwarteng’s neo-Thatcherism. But how do they operate – and what might their influence mean for Britain? The Guardian - UK · Oct 4, 2022
Kwasi Kwarteng may have U-turned, but huge spending cuts are still coming The government is clinging to £43bn of tax cuts. Public services and those on benefits will feel the pain, says former prime minister Gordon Brown The Guardian - UK · Oct 4, 2022
Tories seek to shift focus from economy after U-turn humiliation The Government are turning their attentions to immigration and supporting Ukraine Wales Online · Oct 4, 2022
Pound – live: Sterling bounces back in Asia trading after Truss U-turns Pound rises to $1.1343, a bounce of about 10% from last week’s record low against dollar The Independent UK · Oct 4, 2022
‘Damage is done’: what the papers say after Truss and Kwarteng’s tax U-turn The UK newspaper front pages pull no punches after PM and chancellor perform reversal over 45p tax rate for high earners The Guardian - AU · Oct 4, 2022
What the papers say – October 4 Turbulence in the Tory party leads many of the front pages. The Independent UK · Oct 4, 2022
Wales Online · Oct 3, 2022 45% tax U-turn is too late to stop mortgages soaring, experts warn More than 40% of mortgage products were pulled after Kwasi Kwarteng's mini-Budget triggered a slump in the pound, with the average two-year fixed rate now close to 6%
Daily Mirror · Oct 3, 2022 'Shameless PM and Chancellor forced into 45p U-turn by public backlash' Savage cuts to key public services, benefits losing value by rising below inflation and expensive extra borrowing are also on the way
Daily Mirror · Oct 3, 2022 'Tory MPs cashing in on Rupa Huq's offensive Kwarteng comments fail to see own record' Our columnist Darren Lewis doesn't mince his words as he calls out Tory MPs and right-wing commentators for jumping on the opportunity to criticise Huq's comments without looking at their own behaviour
Daily Mirror · Oct 3, 2022 Tories laugh as Kwasi Kwarteng forced into humiliating U-turn - but 'damage already done' Mr Kwarteng was forced to abandon his plan to give a massive tax cut to millionaires - but critics warned the damage has already been done after the Bank of England had to step in
Daily Mirror · Oct 3, 2022 Kwasi Kwarteng U-turn is too late to stop mortgages soaring, experts fear More than 40% of mortgage products were pulled after the Chancellor’s Budget triggered a slump in the pound and fears of interest rate hikes. The average two-year fixed mortgage rate is now close to 6%
The Guardian - UK · Oct 3, 2022 Night of the hurried U-turn: how Truss and Kwarteng dumped their tax cut Even as Liz Truss was being toasted for her tax-cutting boldness, the PM and chancellor were bowing to clamour to reverse course
Evening Standard · Oct 3, 2022 Kwasi Kwarteng ‘to bring forward plan to cut debt after 45p tax U-turn’ The chancellor will accelerate the publication of his medium-term fiscal plan later this month, according to reports
The Guardian - AU · Oct 3, 2022 Morning mail: Queensland police failure in assault case, UK U-turn on tax cuts for well-off, ID scam fears Tuesday: Queensland and NSW police lost key documents and failed to investigate a series of alleged sexual assaults against a 14-year-old girl. Plus: the must-read books for October
The Independent UK · Oct 3, 2022 Tory MPs ‘openly talking’ about removing Liz Truss, says ex-No 10 chief of staff ‘Very difficult’ for PM to recover, says Nick Timothy – as Rachel Johnson predicts Truss could ‘go down with the pound’
The Guardian - UK · Oct 3, 2022 Tory MPs plot to avert benefit squeeze after humiliating U-turns Kwasi Kwarteng to bring forward fiscal statement to later this month amid disquiet in party over spending cuts hitting poorest
The Guardian - UK · Oct 3, 2022 Kamikwasi Kwarteng delivers his excruciating career suicide note Tactless jokes and half-arsed platitudes made up chancellor’s vapid Tory conference speech