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The Latest Breaking News from Kwasi Kwarteng

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

Kwasi Kwarteng denies boasting 'who cares if the pound crashes' on night of Brexit vote

The Chancellor's spokesman claimed a 2016 article, reporting he said 'who cares if sterling crashes? It will come back up again' outside a private members' club, was 'untrue'

Daily Mirror

Pound stabilizes but turmoil continues for UK economy

The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy

The Independent UK

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Kwarteng tells City bosses his economic plan ‘will work’

Chancellor seeks to calm investors as government bonds continue to collapse

The Guardian - UK

Pound steadies in Asian markets after hitting record low over Kwarteng’s mini-Budget

Pound hit record low against dollar on Monday

The Independent UK

Labour argues ‘cavalry is coming’ after ‘reckless’ Tory economic strategy

The opposition was buoyed by polling giving Labour a huge lead over the Conservatives.

The Independent UK

Kwasi Kwarteng said ‘who cares if Sterling crashes?’ after Brexit, report claims

Brexiteer MP overheard talking about markets on night of 2016 referendum vote

The Independent UK

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Mortgages could get more expensive by the end of the week

It comes as the pound dropped to a record low on Monday

Manchester Evening News

Everything you need to know after pound hit all-time low against US dollar

The pound has hit a record low after sweeping tax cuts were announced by the chancellor on Friday. Here we explain some of the reasons behind the fall and how it affects households and businesses across the country

Daily Mirror

Labour surges to largest poll lead over Conservatives in over two decades

A new YouGov survey suggests Labour has opened up a 17-point lead over the Conservatives - the greatest since the firm began polling in 2001.

Daily Record

Labour says financial turmoil is ‘just the tip of the iceberg’

Shadow health secretary condemns Kwasi Kwarteng’s ‘reckless gamble’ and says Labour ‘cavalry is coming’

The Guardian - UK

Pouring cash into London to solve regional inequality? That’s trickle-down Trussonomics

The UK economy needs the rest of the country to help reverse decades of decline, says Guardian columnist Simon Jenkins

The Guardian - UK

Keir Starmer promises to launch publicly-owned UK energy company as he hails ‘Labour moment’ – as it happened

Latest updates: the Labour party leader used his conference speech to spell out his plan for the UK. This blog is now closed

The Guardian - UK

UK warned ‘significant’ rate rise is coming, as calls for mini-budget U-turn rise - as it happened

BoE chief economist Huw Pill says Bank should wait until next scheduled meeting in the first week of November rather than respond through an emergency rate hike

The Guardian - UK

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The Guardian - UK

Tuesday briefing: Three scenarios for the British economy after the pound slumps

In today’s newsletter: The Guardian’s special correspondent Heather Stewart talks us through the best, worst and most likely result of another chaotic day in the money markets

Evening Standard

Pound steadies but Kwasi Kwarteng faces massive market turmoil

The pound steadied in early trading in Asian markets on Tuesday as it climbed to $1.07 just before 6am

The Guardian - UK

What is Kwasi Kwarteng really up to? One answer: this is a reckless gamble to shrink the state

In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity, says Adam Tooze, an economic historian at Columbia University

Wales Online

Kwarteng faces market turmoil after sterling's disastrous day

New survey puts Labour party 17 points ahead

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The Independent UK

Pound news – live: Punish Truss for market turmoil, says Labour as Bank vows action

Sterling rallies slightly, as Starmer says Truss has ‘lost control of the British economy’

Daily Record

Liz Truss and Kwasi Kwarteng successfully drive the value of the pound off a cliff

Record View says Nicola Sturgeon was right when she angrily denounced the Tory tax cuts for the richest yesterday.

The Independent UK

What the papers say – September 27

The national mastheads focus on market reaction to the Government’s promised tax cuts.

Daily Mirror

Labour take biggest lead for 21 YEARS in YouGov poll - and Boris Johnson could lose seat

If the results of a YouGov poll were repeated at a General Election, Labour would win a 182-seat majority after Tory support plummeted following Friday's mini-budget

The Guardian - AU

‘Out of control’: what the papers said about government handling of UK’s sterling crisis

Front pages channel fears about Truss government’s economic strategy after pound sinks to all-time low against the dollar

The Independent UK

Starmer takes aim at Tories as Labour buoyed by promising poll

The Labour leader will quote Sir Tony Blair to dub his party the ‘political wing of the British people’.

The Independent UK

Labour surges to largest poll lead over Tories in more than two decades

The 17-point lead represents a level of support Labour had not had since 2001

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