The Latest Breaking News from Kwasi Kwarteng

A global problem? Liz Truss’s claims on financial chaos fact-checked

We look at claims made by the PM and the chief secretary to the Treasury that have raised eyebrows

The Guardian - UK · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022