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The Latest Breaking News from Kwasi Kwarteng

Kwasi Kwarteng breaks silence after mini-budget tanks markets - insisting plan will work

The under-fire Chancellor facts calls to quit after the Bank of England was forced to intervene to prevent pensions firms from collapsing following his catastrophic mini budget

Daily Mirror

What do Tory MPs think of Liz Truss? A ‘toxic bomb’ that could sink the party

Less than a month in, the PM’s political capital is draining away. And party conference is unlikely to offer any relief, says Spectator deputy political editor Katy Balls

The Guardian - UK

Chancellor insists UK Government 'sticking to growth plan' despite market turmoil

The Chancellor is refusing to U-turn on his plans despite the economic implications and said his mini-budget will "help people"

The National (Scotland)

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Trussonomics has been exposed as a childish absurdity. Trussopolitics is even worse

The prime minister and Kwasi Kwarteng must now eat humble pie and try to steer Britain out of the crisis they created, says Guardian columnist Simon Jenkins

The Guardian - UK

Liz Truss warned businesses will ‘go on strike’ by halting investment without clear plan

Companies ‘won’t invest until they see some clarity’, says business chief Martin Sorrell

The Independent UK

More than 40% of mortgages withdrawn as market reels after mini-budget

Lenders began pulling products on Monday as they struggled to price products amid financial uncertainty

The Guardian - UK

What would happen if the IMF bailed out Britain?

Fund issues rare rebuke to UK warning against pursuing Kwasi Kwarteng’s tax-slashing agenda

The Independent UK

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What are government bonds and how will the Bank of England use them to stabilise markets?

Threadneedle Street intervenes to buy up long-dated gilts and ‘restore orderly market conditions’

The Independent UK

Liz Truss defends mini-Budget as the ‘right plan’

Prime Minister Liz Truss has defended her Chancellor’s mini-Budget as the “right plan” as she began a series of regional interviews on Thursday morning. After the pound plummeted following Kwasi Kwarteng’s intervention last week, the prime minister was attempting to restore confidence in the market as she takes on 24…

Evening Standard

How the pound is performing against other currencies

The pound fell against the Albanian Lek, the Lebanese pound, and the Malaysian Ringgit, among many others

The Independent UK

Pound to dollar: Why is the sterling so weak?

Currency tumbles again as Bank of England warned it is ending support package for pension funds on 14 October

The Independent UK

There was a way to try ‘Singapore-on-Thames’ but not like this

Concern about the Truss-Kwarteng “dash for growth” mini-budget has morphed into the threat of a full-scale financial crisis, prompting the Bank of England to do more quantitative easing to ease panic in the market for government bonds.

Evening Standard

Nicola Sturgeon confirms Scottish Government won't repeat Tory tax cuts that 'crashed the pound'

The First Minister warned some Scots were now "terrified" of their ability to heat their homes and pay their mortgages this winter.

Daily Record

Liz Truss says ‘we have the right plan’ despite economic turmoil

But ex-Bank chief takes aim at PM and Kwarteng

Evening Standard

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Evening Standard

Tory Party Conference 2022: When is Chancellor Kwasi Kwarteng’s speech today?

The Tory Party Conference will feature speeches from a number of prominent Conservatives, including Prime Minister Liz Truss and Chancellor Kwasi Kwarteng

The Independent UK

Liz Truss demands spending cuts in ‘plenty of areas’ of public services

Government warned against ‘act of national vandalism’ after call for ‘efficiencies’

Evening Standard

I am clinging to my surefire tactic to get through these days of anxiety

These are anxiety-inducing days. The pound tanking, interest rates rising, mortgage payments set to increase — and that’s just this week’s bad news. Then there’s the worries we all have that only our nearest and dearest will usually know about. In my case, I wake up every morning unsure if…

The National (Scotland)

Liz Truss's car crash interviews show she is 'completely out of touch with Scotland'

The PM was quizzed by journalists at eight local BBC radio stations in England on Thursday morning as the fall-out from the Chancellor's mini-budget

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The Guardian - UK

I was a Tory MP, but Truss and Kwarteng have convinced me to vote Labour

Labour is the only party that can lead us out of this mess, says former MP Nick Boles

Daily Mirror

9 car crash moments in Liz Truss's local radio grilling branded 'worst outing since 1216'

If Liz Truss thought her hour-long marathon of mini Budget local radio interviews would be a breeze, she was wrong - as listeners asked her "are you ashamed of what you've done?"

Daily Mirror

What is happening to the economy explained - from mortgages to pensions

Chancellor Kwasi Kwarteng's mini-Budget kick-started a chaotic chain of events that are now affecting everything from mortgages to pensions, with many homeloans pulled from the market and deals cancelled

Manchester Evening News

Liz Truss says her government's 'controversial' economic plan is the 'right' one - despite market turmoil sparked by mini budget

The Prime Minister has been defending the plan on local radio stations

The Independent UK

Why are Britain’s pension schemes dumping government bonds?

Bank of England forced to step in to calm gilt markets as mini-Budget financial storm rumbles on

The Guardian - UK

Nothing to see here: Truss allies’ curious excuses for financial meltdown

PM and her allies have a number of theories on why current turmoil has nothing to do with Kwasi Kwarteng’s mini-budget

Manchester Evening News

"Enough to make your ears bleed": Listeners in disbelief at disastrous, awkward Liz Truss interviews this morning as Britain plunges into economic chaos

Ms Truss spoke publicly for the first time since the mini-budget sparked economic chaos

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