The Latest Breaking News from Kwasi Kwarteng

Bank of England takes emergency action to prevent 'material risk' to economy

The Bank announced it was stepping in to buy Government bonds - known as gilts - at an "urgent pace" after fears over the Government's economic policies sent the pound tumbling and sparked a sell-off in the gilts market.

Daily Record · Sep 28, 2022

Bank of England begins emergency bond-buying as UK borrowing costs soar

Chancellor moves to reassure markets after his 'mini-budget' on Friday sent Sterling to an all-time low against the Dollar

Insider UK · Sep 28, 2022

Nicola Sturgeon speaks out as Tories land UK 'in grip of economic crisis'

THE First Minister of Scotland has demanded action from the Tory government, warning that the UK is in the “grip of a rapidly deteriorating…

The National (Scotland) · Sep 28, 2022

Liz Truss tax plans ‘profoundly unconservative’ says former Tory MSP

Adam Tomkins hit out at Kwasi Kwarteng’s mini-budget and said the UK ‘needs a Labour government’.

The Independent UK · Sep 28, 2022

Former Tory MSP says 'Britain needs a Labour government' as he slams Liz Truss over tax slashing mini-budget

Former Conservative MSP Professor Adam Tomkins accused the new Prime Minister and Chancellor Kwasi Kwarteng of "trashing" the Tory party brand and the UK economy.

Daily Record · Sep 28, 2022

Spending cuts made necessary by mini-Budget ‘could spell end of NHS’, top economist warns

Sir Charlie Bean, a former deputy governor of the Bank of England, said deep cuts would be needed to bring spending into line with GDP

Evening Standard · Sep 28, 2022

Bank of England takes emergency action as UK enters 'financial crisis territory'

THE Bank of England has been forced to intervene in an attempt to avoid a full-blown financial crisis after Liz Truss’s government announced…

The National (Scotland) · Sep 28, 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 28, 2022

Pound to dollar: Why is the sterling so weak?

British pound slumps to lowest level against dollar since 1971 after Kwasi Kwarteng’s mini-Budget

The Independent UK · Sep 28, 2022

Former Tory MSP calls for LABOUR government in fierce attack on own party

A FORMER Scottish Tory MSP has launched an extraordinary attack on his own party, calling for a Labour government to run the UK.

The National (Scotland) · Sep 28, 2022