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The Latest Breaking News from Kwasi Kwarteng

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

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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

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

The Independent UK

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Thousands face £10k mortgage blow in London

Warning as Prime Minister and Kwasi Kwarteng held OBR talks

Evening Standard

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

Daily Mirror

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 Independent 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 Guardian - 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 Independent UK

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…

The National (Scotland)

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.

Daily Record

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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

The Guardian - UK

Treasury to delay publishing OBR forecast by six weeks after 7 October delivery – as it happened

Budget watchdog to give assessment of fiscal plans next week but public will have to wait until chancellor’s November statement

ABC News

The week that was for Prime Minister Liz Truss and the UK economy

The UK's economy is in dire straits just three weeks after Prime Minister Liz Truss took up the top job. But it was last Friday's so-called "mini-budget" which has led to a mega drama.

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news in one place.

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The National (Scotland)

Liz Truss plots to reduce benefits to help fund tax cuts for the rich

THE Tory government is set to cut benefits in real terms in order to fund tax cuts for the rich, according to reports.

Wales Online

Truss faces general election debate as petition hits 145,000 signatures

Labour surges ahead with a 33-point lead over Tories. This means Labour would win by a landslide if a general election was called tomorrow.

Daily Record

Tory minister laughed at during TV debate as he attempts to defend Liz Truss

Paul Scully was laughed at during BBC's Question Time on Thursday evening when an audience member asked about the current economic crisis following the Chancellor's fiscal statement last Friday.

Wales Online

Universal Credit and other DWP benefits face real-terms cut next year

Experts say the move will cost the average family £1,000 a year

The National (Scotland)

BBC veteran David Dimbleby hits out at Tory 'sh**storm' in rare on-air expletive

VETERAN broadcaster David Dimbleby made a rare outspoken remark while on air as he discussed the UK’s economic turmoil of recent days with…

Evening Standard

FTSE 100 Live: Pound tanks after Kwarteng meets with OBR

The pound fell 1.5% against the dollar to $1.10 after Liz Truss and Kwasi Kwarteng met with the head of the UK’s Budget watchdog, Richard Hughes.

The Guardian - UK

Pound falls after UK’s fiscal watchdog meets Liz Truss and Kwasi Kwarteng – as it happened

Pound trading 0.4% lower at $1.1066 following OBR meeting with UK PM and chancellor; economy grew in second quarter but ‘continues to slow’

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