The Latest Breaking News from Kwasi Kwarteng

How Kwasi Kwarteng’s budget damaged the economy and what will happen now

Policy Correspondent Jon Stone unpacks how unfunded tax cuts pulled the rug out from under the UK economy

The Independent UK · Sep 27, 2022

Labour MP Rupa Huq suspended after calling Chancellor Kwasi Kwarteng ‘superficially’ black

Huq has offered the Chancellor ‘sincere and heartfelt apologies’ for her ‘ill-judged’ comments

Evening Standard · Sep 27, 2022

Is the UK in a recession? How central banks decide and why it's so hard to call it

Last week, UK chancellor Kwasi Kwarteng launched a bid to boost economic growth with the largest tax cutting exercise for half a century. What this so-called mini-budget has since overshadowed, however, was an admission by the Bank of England the previous day that the UK may already be in a…

The Conversation · Sep 27, 2022

Labour MP says Chancellor Kwasi Kwarteng is ‘superficially’ black

Tory chair says Keir Starmer should suspend Rupa Huq over comments

The Independent UK · Sep 27, 2022

Kwasi Kwarteng vows to stick with tax cut plan despite calls to ‘reverse course’

Chancellor insists strategy ‘will work’ and promises ‘credible plan’ to address debt next month

The Independent UK · Sep 27, 2022

Day Today ‘Pound stolen’ sketch goes viral after sterling tanks

Social media users post sardonic British humour after Liz Truss and Kwasi Kwarteng’s mini-budget

The Guardian - UK · Sep 27, 2022

UK government bonds: why are yields rising and why does it matter?

Britain’s borrowing costs have soared as investors turn sour on prospects for economy

The Guardian - UK · Sep 27, 2022

Critics of UK tax cut plans 'don't believe in Britain' says Tory party chairman

Meanwhile, a YouGov poll found that seven in 10 Tory voters don't approve of the plans which disproportionately benefit high-earners

The National (Scotland) · Sep 27, 2022

Tory donor makes huge profits from falling pound

‘It’s been helpful’, says Crispin Odey on his bets against Sterling amid market turmoil

The Independent UK · Sep 27, 2022

Keir Starmer must learn to box smart against this dangerous new Tory gang

When he was first jotting down notes over the summer for his Labour conference speech today in Liverpool, could Sir Keir Starmer have possibly imagined the backdrop against which it would be delivered? That he would be presenting his revived party as a government-in-waiting, while Prime Minister Liz Truss and…

Evening Standard · Sep 27, 2022