The Latest Breaking News from Kwasi Kwarteng

Starmer to quote Blair in calling Labour ‘political wing of the British people’

Sir Keir will outline an ambition to ‘turn the UK into a growth superpower’.

The Independent UK · Sep 26, 2022

Starmer to accuse Truss of ‘losing control’ of economy as he offers ‘fresh start’ for country

Labour leader borrows slogan from Tony Blair as he describes party as ‘political wing of British people’

The Independent UK · Sep 26, 2022

Sterling hits all-time low: two things can turn this around but neither is straightforward

While most people in the UK were still in bed in the early hours of Monday morning, the pound dived. It fell over 4% during Asia trading to reach its lowest ever level against the dollar of US$1.035, while also hitting €1.079 against the euro. This was an exceptional fall,…

The Conversation · Sep 26, 2022

Bank of England will change interest rates ‘as much as needed’ to control inflation, says Andrew Bailey

The Bank of England is watching developments in financial markets ‘very closely’, says Governor Andrew Bailey

Evening Standard · Sep 26, 2022

Targetting government, UK's Labour pledges sound finances and strong public services

Britain's opposition Labour Party set out its economic vision on Monday, promising, if in power, to be fiscally responsible and take care of public services, in a swipe at the Conservative government's tax cuts for the wealthy.

Reuters · Sep 26, 2022

Bank of England says it 'will not hesitate' to change interest rates in emergency statement

THE Bank of England is preparing to make an emergency statement this afternoon after the pound plummeted to its lowest ever level against the US…

The National (Scotland) · Sep 26, 2022

Furious Tory MPs hit out at chancellor after they are invited to a meeting to discuss his budget

‘Chancellors have resigned for less’, says one MP amid turmoil in markets

The Independent UK · Sep 26, 2022

SNP say no confidence letters are 'damning indictment' of Truss's 'disastrous' start

REPORTS of letters of no confidence in Liz Truss being sent to the 1922 Committee are a “damning indictment” of her first few weeks as Prime…

The National (Scotland) · Sep 26, 2022

Some Tory MPs submit no-confidence letters in Liz Truss after Pound crashes, sources claim

One MP told the Mirror 'some of my colleagues need to take up yoga' after the pound slumped against the dollar - as a source suggested there's a year before the 1922 Committee would act

Daily Mirror · Sep 26, 2022

Tumbling pound will intensify cost of living crisis, government warned

Fall in pound will ‘worsen inflation and lengthen the cost of living crisis’, says think tank

The Independent UK · Sep 26, 2022