The Latest Breaking News from Kwasi Kwarteng

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 · Sep 27, 2022

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 · Sep 27, 2022

Kwarteng tells City bosses his economic plan ‘will work’

Chancellor seeks to calm investors as government bonds continue to collapse

The Guardian - UK · Sep 27, 2022

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 · Sep 27, 2022

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 · Sep 27, 2022

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 · Sep 27, 2022

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 · Sep 27, 2022

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 · Sep 27, 2022

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 · Sep 27, 2022

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

The Guardian - UK · Sep 27, 2022