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The Latest Breaking News from Kwasi Kwarteng

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’

The Guardian - UK

Liz Truss and Kwasi Kwarteng promise to work ‘closely’ with OBR after meeting amid market turmoil

The Prime Minister and Chancellor will “work closely” with the Office for Budget Responsibility in the coming weeks, the Treasury said

Evening Standard

Friday briefing: What’s driving the investors who stopped seeing the UK as a safe bet

In today’s newsletter: why did the market react so poorly to the government’s package of tax cuts? And what does that mean for the future? Nils Pratley – and an anonymous banker – explain

The Guardian - UK

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Veteran broadcaster David Dimbleby blasts Tory tax cuts with rare on-air expletive

Veteran broadcaster David Dimbleby retired as Question Time host in 2018 but appeared on the BBC's Newscast podcast to label the Government's mini-budget 'a complete s**tstorm'

Daily Mirror

Pound – live: Government’s energy bill cap at £2,500 comes into effect

Liz Truss tells public to expect economic ‘disruption in the short term’

The Independent UK

Early Liz Truss comments on scrapping benefits stoke fears of further cuts

Proposals from 1995 condemning ‘recycling’ of taxpayers’ money add to concerns for universal credit increase

The Guardian - UK

Near the Greenwich pub where the mini-budget was born, Londoners share their fears

Citizens already describe feeling depressed, furious and highly anxious about the future

The Guardian - UK

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'Massive risk' to Newcastle Council finances amid economic chaos unleashed by government's huge tax cuts

The council was already expecting to see its costs jump by more than £30m next year, before the market chaos of recent days sparked by Chancellor's mini-budget

Chronicle Live

David Dimbleby criticises tax cuts with rare on-air expletive

The former Question Time host was discussing the UK’s economic turmoil

Wales Online

Landlords urge Chancellor to adopt private rented sector cost of living plan

Kwasi Kwarteng told to act as 'a matter of urgency' to help alleviate financial worries

Wales Online

What the papers say – September 30

‘Fiscal chaos’ amid Liz Truss’ troubled premiership features on most of the front pages

The Independent UK

Truss to attend European Political Community meeting despite criticism of it

It comes as new mini-Budget causes political and financial turmoil

The Independent UK

Kwasi Kwarteng and Liz Truss to meet OBR chief amid UK market turmoil

Liz Truss and Kwasi Kwarteng due to meet with the head of the Office of Budget Responsibility on Friday - after days of market turmoil following Friday’s mini-budget.

Evening Standard

Liz Truss holds emergency talks with budget watchdog after failing to calm markets

Liz Truss was due to hold emergency talks with the Office for Budget Responsibility today as the Government scrambles to calm market panic in the wake of the disastrous mini-Budget

Daily Mirror

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Wales Online

Truss and Kwarteng to hold crunch talks with OBR amid market turmoil

Treasury and Downing Street sources deny suggestions it will be an emergency meeting

Daily Mirror

'My university nemesis Liz Truss - her priority was attacking role of Women’s Officer'

She thrived on controversy – and could pick a fight with herself if no one else was available. Under fire, she had the same emotional detachment with which she ploughed through yesterday morning’s local radio round

The Independent UK

Liz Truss to hold meeting with OBR amid market alarm at mini-Budget

OBR says it offered to produce forecast for mini-Budget but Treasury declined

Evening Standard

Kwasi Kwarteng appeals for Tory unity as poll gives Labour 33-point lead

Worries among Tory MPs that the fallout from the mini-Budget could hurt them at the ballot box were dramatically underlined by the YouGov poll

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The Guardian - UK

Liz Truss to hold emergency talks with OBR after failing to calm markets

Exclusive: in unusual move, PM and Kwasi Kwarteng will meet fiscal watchdog after mini-budget sparked investor panic

Wales Online

Councils are in 'short-term survival mode' and 'beyond the pretence' of planning for the medium term, warns finance chief

Ben Smith said he expected Swansea Council to be 'okay for this year' but that a 'cliff edge' was looming next April

Chronicle Live

Liz Truss and Kwasi Kwarteng double down on mini-budget as Chancellor visits Darlington

Liz Truss and Kwasi Kwarteng have insisted their £45bn package of tax cuts is the "right plan" despite chaos on financial markets, and fears of rocketing mortgage bills

Daily Mirror

Kwasi Kwarteng raises prospect of real-terms benefits cut despite tax boost for rich

The under-fire Chancellor said it would be "premature" for him to "come to a decision" on increasing benefits in line with inflation amid the economic turmoil

Evening Standard

Sadiq Khan says Rupa Huq’s remarks about Kwasi Kwarteng were racist but she is not

London mayor Sadiq Khan said comments made by London MP Rupa Huq about the chancellor were “racist” but insisted she herself is not.

Daily Mirror

Grinning Liz Truss says it's not her job to give mortgage advice as budget causes chaos

The shameless Prime Minister also appeared to deflect blame for rising interest rates onto the Bank of England and claimed a global global economic pressure is responsible for the UK's woes - despite no other currencies plummeting to the same extent

The Guardian - UK

What’s Next for Britain? Simon Wolfson’s prediction isn’t cheery

Share price fell 13% after CEO’s warning worst is to come, but scale of uncertainty makes precise projections impossible

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