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The Latest Breaking News from Kwasi Kwarteng

Inevitable Conservatives will lose next election, says former Tory MSP

Adam Tomkins who was a Tory MSP between 2016 and 2021 said it was time for the party to be in opposition after this week’s economic turmoil.

The Independent UK

Welsh Secretary urges 'calm' in face of turmoil sparked by mini-budget

Robert Buckland stood by Chancellor Kwasi Kwarteng’s plans during an interview with ITV Wales

Wales Online

Cabinet minister urges people to remain ‘calm’ amid mini-budget turmoil

Welsh Secretary Robert Buckland has stood by the Chancellor’s economic plans, saying it is time to be ‘bold’.

The Independent UK

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Treasury minister says ‘we’ll press ahead with tax cuts’ as Tory backlash grows amid market turmoil

Cabinet ministers ‘to be told to make efficiency savings’ amid growing Tory backlash over mini-Budget chaos

Evening Standard

Bank of England in £65bn scramble to avert financial crisis

Bank of England left with no action but to intervene after Kwasi Kwarteng’s mini-budget

The Guardian - UK

‘That is what we do’: Trader claims he shorted the pound after mini-budget

Kieran told LBC bankers were ‘rubbing their hands’ when Kwasi Kwarteng unveiled the mini-budget

Evening Standard

Government departments 'will be asked to make spending cuts to balance budget'

It comes after the markets went into turmoil following the Chancellor's £45 billion package of tax cuts

Wales Online

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Kwarteng’s fiscal pyrotechnics caused this mess – now we need some U-turns

Chancellor pitched mini-budget as way to avoid deep recession, but market’s reaction has created risk of a deeper one

The Guardian - UK

Calls for Truss to ‘come out of hiding’ as Bank fights turmoil caused by mini-Budget

‘Inept madness’: Tory MPs fear chancellor’s ‘growth plan’ may cost them next election

The Independent UK

The Guardian view on the financial crisis: a meltdown made in Downing Street

Editorial: Liz Truss’s first big policy has been shot down by financial markets – and her economic credibility shredded

The Guardian - UK

Labour membership rises as party ends conference buoyed by polls

Angela Rayner invites activists to imagine meeting under a Labour government, and insiders say gathering was big financial success

The Guardian - UK

Tory MPs tell Truss: sack Kwarteng or face mutiny

MPs express disbelief over sterling slump as privately some fear PM’s government is ‘dead on arrival’

The Guardian - UK

This is Truss and Kwarteng’s crisis, not yours – but you’re already a lot poorer because of them

In 25 years of reporting, I have never seen a financial crisis so utterly avoidable, and dragging so much human misery in tow, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

Liz Truss 'may have aimed for economic crisis to prepare NHS for privatisation'

IT is “entirely plausible” that Liz Truss’s Tory government intended to create a financial crisis in order to prepare public services such as…

The National (Scotland)

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The Conversation

Universal credit changes: increasing pressure on part-time workers is the wrong move at the worst time

Chancellor Kwasi Kwarteng has laid out the government’s “mini budget”, a package of tax cuts that will mostly benefit the wealthiest in Britain. But people on the other end of the income scale are facing changes too.

The Guardian - UK

Top UK earners: share your views on scrapping the 45p income tax rate

We’d like to hear from people in the UK who earn more than £150,000 about their views on the chancellor’s announcement

Daily Mirror

Where is Liz Truss? PM 'missing' as UK descends into chaos after disastrous mini-budget

Liz Truss, who has not spoken in public for a week, is finally breaking cover on Friday morning after the Tories' disastrous mini-budget announcement spooked markets

The Independent 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

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The Independent UK

Government denies responsibility for market turmoil as pound slumps

Mini-Budget labelled ‘reckless and ideological disaster’ by some Conservatives

Chronicle Live

Newcastle Building Society pulls all its mortgage deals after UK economy plunged into turmoil

Mortgage deals have been withdrawn at a record rate, while a North East business chief has warned it is 'increasingly difficult' for financial markets to regain trust in the UK economy

The Independent UK

Economic storm tests UK's new leader, alarms Conservatives

Britain’s new Prime Minister Liz Truss is under pressure to reverse announced tax cuts that have triggered a financial crisis in an already struggling economy

Wales Online

Divisions emerge in Tory party amid market chaos after 'inept' mini-budget

'There's a lot of concern within the parliamentary party, there's no doubt about that'

Daily Mirror

Pension funds faced 'mass collapse' within hours if Bank of England hadn't stepped in

Pensions held with investment companies faced turmoil today as the Bank of England was forced to step in to prevent black holes in the accounts of many retirement savings firms

The Independent UK

Don’t make NHS and public services pay the bill for tax cuts, Kwarteng told

‘Act of national vandalism’: Fears of five-year austerity spending freeze to reassure markets

Radio France Internationale

Britain returns to its unusual business after Queen Elizabeth's death

"Look at all them people who want to go in there," said a boy as he passed by the iron railings bordering a well-kempt bright green lawn in Parliament Square.

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