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The Latest Breaking News from Kwasi Kwarteng

'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

Daily Mirror

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

The Independent UK

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

Evening Standard

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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

The Guardian - UK

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

Wales Online

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

Chronicle Live

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

Daily Mirror

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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.

Evening Standard

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

Daily Mirror

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

The Guardian - UK

Labour surges to 33-point lead against Tories after days of turmoil

Liz Truss’s Government has been engulfed in a political and economic crisis since Friday’s mini-budget.

The Independent UK

The Guardian view on the UK economy: sack Kwarteng, oust Truss

Editorial: The crisis was created by the new government. But the British people, not ministers, are paying the price

The Guardian - UK

Bombshell polls throw massive question mark over Liz Truss’s future as PM

Tory meltdown after ‘unforced error’ Budget gifts Keir Starmer leads of up to 33 points

The Independent UK

We asked every Tory MP in Greater Manchester what they thought about the mini-budget - not one of them replied

There are eight Conservative MPs in the region

Manchester Evening News

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The Guardian - UK

Treasury watchdog to ask Kwarteng to hand over growth forecasts

Tory chair Mel Stride says committee needs to hear how chancellor will boost growth, and suggests one option might be via immigration

The Guardian - UK

Doom loops and margin calls: 10 terms that explain the market meltdown

Your one-stop shop for all the jargon you’ve been reading since Kwasi Kwarteng’s mini-budget

The Independent UK

Cross-party MPs demand Kwasi Kwarteng brings forward next ‘fiscal event’

The Treasury Select Committee, chaired by an influential Tory MP, said the Chancellor should reveal his medium-term fiscal plan at the end of October.

The Conversation

Truss's mini-budget chaos is unsettling an already-fractured Conservative Party – but is removing her worth the risk?

Prime Minister Liz Truss entered office with the less-than-ideal backdrop of a cost of living crisis and war in Ukraine. The economic turmoil her government has waged is already creating more problems for her.

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Newsroom.co.nz

The UK's economic turmoil doesn't have to be ours

Lack of coordination between monetary and fiscal policy is hurting the UK economy and threatening a global currency crisis. What might that mean for NZ?

The Guardian - UK

Have all the slugs slithered up north?

Brief letters: Sluggish behaviour | Currency crimes | A numbers game | Catchphrase of the year | Going nowhere

Daily Record

Poorest in society will pay most for Tory tax cuts, Kwasi Kwarteng signals

Kwasi Kwarteng refused to say if benefits would rise with inflation next April amid warnings that families face destitution if they do not.

The Guardian - UK

Of course Rupa Huq was wrong, but why is it the left that always gets it in the neck for racism?

In this climate, anti-racists are always one mistake away from disgrace, while rightwingers who cause division get away scot-free, says writer Nelson Abbey

The National (Scotland)

Douglas Ross ‘concerned’ about his mortgage – despite backing Tory mini-budget

THE leader of the Scottish Conservatives has said mortgage payments are “an absolutely huge concern” – despite backing the UK Government’s…

The National (Scotland)

Read in full: Kwasi Kwarteng's message to MPs explaining economic chaos

CHANCELLOR Kwasi Kwarteng has messaged Tory MPs encouraging them to “remain focused” despite market turmoil this week.

The Guardian - UK

Rationale behind abolition of 45p tax rate reflects failed ideology

Figures show the cut to top tax rate will not reduce avoidance, bring people to the UK or make people work harder

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