The Latest Breaking News from Kwasi Kwarteng

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

The Prime Minister has history of U-turns, both large and small

The Independent UK · Oct 3, 2022

Kwasi Kwarteng admits tax plans caused ‘a little turbulence’

Chancellor addresses Tory conference hours after abandoning plan to ditch 45% top rate

The Guardian - UK · Oct 3, 2022

Kwasi Kwarteng jokes 'what a day' after U-turn and admits Budget 'caused turbulence'

Chancellor Kwasi Kwarteng tried to make light of his U-turn on tax cuts for the rich - and Tory members laughed as he said it had 'caused a little turbulence'

Daily Mirror · Oct 3, 2022

Pound recovers but remains at low levels – how to assess the long-term value of sterling

The pound has recovered from a recent record dip after the chancellor’s mini-budget announcement. But it is still at low levels versus many other currencies.

The Conversation · Oct 3, 2022

DWP urged to confirm date of £324 cost of living payment as people 'struggling' with bills

'Weather is getting colder each day and energy prices are ridiculous. People want to stay warm but can’t afford to put the heating on'

Manchester Evening News · Oct 3, 2022

Tory public service cuts of £18bn to pile MORE pressure on Scottish budget

FRESH plans for a new wave of Tory austerity will deliver a “hammerblow” to struggling households and put further pressure on Scotland’s…

The National (Scotland) · Oct 3, 2022

Pound and gilts rally as Kwarteng U-turns on top tax rate

Money markets reined in expectations on next interest rate rise from Bank of England

Evening Standard · Oct 3, 2022

Douglas Ross branded 'flip flop' after Scottish Conservatives leader backs U-turn on tax cuts

Douglas Ross was left humiliated after Kwasi Kwarteng reversed a controversial plan to abolish the 45p tax rate for the richest.

Daily Record · Oct 3, 2022

'Liz Truss hasn't just torched her reputation - she's sabotaged her own project'

'It has taken less than 30 days for the Prime Minister to achieve the triple dishonour of being incompetent, uncaring and weak,' writes the Mirror's Jason Beattie

Daily Mirror · Oct 3, 2022

Rich still gain 40 times more than poor from Budget, even after Kwasi Kwarteng U-turn

Quarter of all benefits from £43bn tax giveaway go to 1.5m wealthiest households

The Independent UK · Oct 3, 2022