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The Latest Breaking News from Kwasi Kwarteng

Liz Truss and Kwasi Kwarteng SCRAP 45p tax cut for rich in U-turn after Tory mutiny

Chancellor Kwasi Kwarteng made an announcement saying 'we have listened' after a procession of top Tories came out to savage the idea - while benefits look to be cut for the poor

Daily Mirror

Kwasi Kwarteng ‘to bring forward planned fiscal statement’ in another U-turn – as it happened

Guardian understands chancellor will make statement later this month, rather than in November as originally planned

The Guardian - UK

Here’s the question to define this sorry era: Truss or Johnson, which is worse?

The former PM was a shambles; his successor is a zealot. Still, calling for him to be replaced was a risk we had to take, says philosopher Julian Baggini

The Guardian - UK

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Food bank near Truss and Kwarteng’s homes says locals need ‘torrent’ of help

Greenwich charity in south-east London admits it will struggle to meet demand without surge in donations

The Guardian - UK

Pound - live: Kwarteng to accelerate fiscal plan after joking about ‘little turbulence’

It comes after chancellor made a U-turn on his plans to axe the 45p tax rate for the highest earners

The Independent UK

Truss administration has shattered the Tory myth of economic competence

WITH the value of the pound falling faster than a slice of buttered toast determined to leave a stain on the carpet, I thank my lucky stars every…

The National (Scotland)

Scots must feel we can do better than Tories’ economic shambles

It’s hard to find any comparisons of a fiscal statement having such a significant impact on the wider economy in such a short space of time.

Daily Record

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Kwasi Kwarteng: We must stay the course with tax-cutting plan

Chancellor to make crunch speech today

Wales Online

Tory MP 'submits letter' calling for Liz Truss confidence vote amid backbench rebellion

The unnamed member of the parliamentary Conservative party reportedly handed in their letter to the 1922 committee on Sunday night as the Tories' public approval rating plummets

Daily Mirror

Grant Shapps joins Tory revolt over PM scrapping top rate of income tax

Fellow former cabinet minister Michael Gove had earlier threatened to vote against the Government's mini-budget

Wales Online

Kwarteng to make crunch conference speech as revolt grows over tax cuts for rich

The Chancellor will insist that his plan to boost growth is right despite mounting opposition from senior Tories.

The Independent UK

Tory chairman tells hard-up Brits to 'get new job or cut consumption'

Jake Berry's comments were reminiscent of Norman Tebbit's 'get on your bike' speech from decades ago

Wales Online

‘We must stay the course with tax plan,’ Chancellor to say in crunch Tory conference speech

Kwasi Kwarteng will defend his planned tax cuts following criticism from Michael Gove

Evening Standard

Prime minister Liz Truss is 'dead woman walking', according to ex-Cabinet minister

The former minister believes the PM will be gone before Christmas

Bristol Post

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The Guardian - UK

Labour demands names of guests at champagne event Kwarteng attended

Drinks reception with wealthy Tory donors took place on same day the chancellor delivered mini-budget

The Guardian - UK

Truss’s mini-budget looks likely to cost the Tories the next election

Tory MPs fear voters see them as the nasty party again after the prime minister refused to rethink tax cuts for the rich

The New Daily

Alan Kohler: Past budgets and tax cuts are a foreign country

When LP Hartley wrote “the past is a foreign country: they do things differently there”, as the first line of his novel The Go-Between, he was on about

Daily Mirror

Liz Truss is 'dead woman walking' who may be gone by Christmas, ex-Cabinet minister says

The senior figure warned The Prime Minister will not survive until Christmas unless she U-turns on her plan to give Brits earning over £150,000 a tax cut

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The Hindu

The U.K. is staring into an economic abyss

Britain may well pay the price for Prime Minister Truss’s move to take on the ‘economic orthodoxy’ of the Treasury and economists

The Guardian - UK

Mini-budget debacle likely to create tension between Truss and Kwarteng

The turmoil in financial markets has led to reports of friction between the prime minister and her closest political ally, the chancellor

The Independent UK

Gove joins assault on Liz Truss package of tax cuts for the rich

‘Wrong values’: Rebel Tories warn PM will struggle to get 45p rate move through parliament

The Guardian - UK

Cooking up solutions to cost of living crisis

Brief letters: Bonfire night | Peak problem | Double trouble | Extreme politics

Daily Mirror

'Cronyism' anger as Tory donor who set up business with Jacob Rees-Mogg made minister

Dominic Johnson, who co-founded Somerset Capital Management in 2007, has previously rallied against the cap on bankers' bonuses, which was lifted by Chancellor Kwasi Kwarteng in his controversial mini-budget

The Independent UK

Cutting benefits to fund reduced tax ‘not right thing to do’ says Scottish Tory

Andrew Bowie told BBC Radio Scotland that cutting benefits in real terms would not be the right thing to do ‘in principle’.

The Independent UK

‘Get new job’ or cut your spending, Tory chair tells struggling Britons

‘Go out there and get that new job,’ says Jake Berry

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