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The Latest Breaking News from Kwasi Kwarteng

Trust me, UK's Truss pursues charm offensive at her party conference

British Prime Minister Liz Truss heads to her Conservative Party conference next week with a packed diary of "meet and greets" to try to win over lawmakers angry over an economic plan that triggered market chaos and badly eroded support.

Reuters

Liz Truss: are the Conservatives facing an electoral meltdown?

The Conservative party is heading into its annual conference amid the catastrophic fallout from Chancellor Kwasi Kwarteng’s mini-budget. The decision to cut tax without a plan to pay for it caused a sharp fall in the value of the pound on currency markets, which reached an all-time low against the…

The Conversation

Top EU political scientist: Scottish independence case 'never looked stronger'

THE case for Scottish independence has “never looked stronger” than now, an international politics expert has said.

The National (Scotland)

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'Out of his depth': Kwarteng urged to quit as Chancellor after destroying economy

CHANCELLOR Kwasi Kwarteng is being urged to quit after taking a “wrecking ball” to the UK’s finances.

The National (Scotland)

Liz Truss and Kwasi Kwarteng have caused panic but markets WILL recover, top mortgage advisor claims

Andrew Lindsay admits his phone is red hot with clients worried by the panic in the markets.

Daily Record

SNP demands Kwasi Kwarteng resigns as Chancellor following reports benefits will be frozen

Ian Blackford claimed that Tory economic policies would leave "millions of families across the UK in deep distress".

Daily Record

How Kwasi Kwarteng’s mini-budget hit UK economy – in numbers

Reckless ‘fiscal event’ may have damaged Liz Truss’s government beyond repair

The Guardian - UK

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Looming D-Day announced for Truss mini-Budget as OBR reveal forecast date

The PM has been under pressure to make a U-turn on the tax-cutting mini-budget policies announced on Friday

Manchester Evening News

French government ‘worried about Britain’, Macron’s finance minister says

Bruno Le Maire is the French opposite number to chancellor Kwasi Kwarteng

The Independent UK

Should Liz Truss sack Kwasi Kwarteng for his mini-budget of economic chaos? Have your say

Chancellor Kwasi Kwarteng, in one of his first measures in office, managed to tank British Sterling and make the costs of everyone's mortgages skyrocket. Should Liz Truss sack her Chancellor?

Daily Mirror

Alister Jack attacks BBC for 'taking it too far' after saying pound is 'tanking'

ALISTER Jack claimed the pound was not “tanking” but the BBC was simply taking things “too far” in a car crash interview on Friday morning.

The National (Scotland)

Emily Sheffield: Voters are unlikely to forget Liz Truss’s gamble with Britain’s economy

“Are you ashamed of what you’ve done?” This was just one of many barbed questions the Prime Minster had to face down yesterday in a painful round of regional BBC interviews. This was planned to persuade the country and allay fears. Instead, it was a car crash. Anxiety in the…

Evening Standard

First-time buyer can't afford house after mortgage offer soars to 10.5% in matter of days

There has been a sharp rise in mortgage costs as interest rates soar

Wales Online

Looming D-Day announced for Truss mini-Budget after crunch 48-minute meeting with experts

The Office for Budget Responsibility (OBR) will deliver a forecast to the Chancellor next week after emergency talks with Liz Truss and Kwasi Kwarteng in Downing Street - but it won't be published until November

Daily Mirror

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The Independent UK

UK fiscal watchdog to release analysis of tax-cutting plan

The U.K.’s Office of Budget Responsibility says it will deliver an initial analysis of the government’s economic plan on Oct. 7 following a meeting Friday with Prime Minister Liz Truss

The Independent UK

Watchdog to deliver verdict on budget next week but Kwarteng won’t publish it

Chancellor sticks to guns by refusing to release OBR analysis on ‘impact’ of tax-slashing package until November

Evening Standard

Thousands face £10k mortgage blow in London

Warning as Prime Minister and Kwasi Kwarteng held OBR talks

Daily Mirror

Top Tory bizarrely claims mini-Budget 'so detailed' it couldn't be assessed by watchdog

Treasury Minister Andrew Griffith suggested the Office for Budget Responsibility would have struggled to get through the 40-page document in time - directly contradicting the watchdog

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The Independent UK

Truss made clear her intention to cut taxes during leadership bid, says minister

The UK Government has spent this week grappling with the economic and political fallout from announcements in the mini-budget.

The Guardian - UK

Treasury minister claims OBR could not have assessed mini-budget in time

Andrew Griffith contradicts finance watchdog, saying plans too ‘chunky’ to assess before publication

The Independent UK

How Kwasi Kwarteng’s budget damaged the economy and what will happen now

Policy Correspondent Jon Stone unpacks how unfunded tax cuts pulled the rug out from under the UK economy

The National (Scotland)

PM and Chancellor to meet budget watchdog boss as market turmoil continues

THE embattled Prime Minister and her Chancellor will meet with the head of the Office of Budget Responsibility on Friday, in the latest effort by…

Daily Record

Scots Tory secretary claims Liz Truss's tax cuts are 'small' as he takes swipe at the BBC

Since the Chancellor's mini budget on Friday the economy has tanked due to the unfunded tax cuts which run into the tens of billions.

Evening Standard

When does the Government summer recess end? MPs set to return to work

MPs’ parliamentary business will soon end until September, but this is often not a long holiday and involves other business

Manchester Evening News

Liz Truss to hold emergency talks with budget watchdog amid market turmoil

The Prime Minister and the Chancellor will meet with the head of the Office of Budget Responsibility today

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