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The Latest Breaking News from Kwasi Kwarteng

What a weak pound means for your money as Sterling hits all-time low against US dollar

The pound plunged by more than 4% to $1.0327 in early Asia trade today - its lowest level since the decimalisation of the currency in 1971 - but what does this mean for you?

Daily Mirror

Pound’s plummet underlines schoolboy error by Kwasi Kwarteng

Chancellor added to market worries by pledging further tax cuts in full budget planned for later this year

The Guardian - UK

Labour accuses Kwasi Kwarteng of ‘fanning flames’ of falling pound

Shadow chancellor Rachel Reeves accused the Government of recklessly gambling with the nation’s finances.

The Independent UK

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Susanna Reid pulled up on hair comments during tax cuts interview on GMB

Co-host Ed Balls told Susanna Reid: "Good job I didn’t say that"

Liverpool Echo

Labour urges investigation into ‘leak’ of mini-Budget after hedge funds shorted the Pound

Calls come amid reports hedge fund bosses made ‘small fortunes’ by betting that Sterling would fall

Evening Standard

British pound hits record low against US dollar, prompting recession fears

The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.

France 24

Pound hits record low against the US dollar as markets lose faith in UK government

In early Asia trade, sterling fell close to $1.03 before regaining some ground and stood at $1.06 on Monday morning (September 26), UK time

Wales Online

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When do I need to submit an energy meter reading by? Everything you need to know

The energy price cap will come into effect next week, but households are being urged to take their meter readings the day before - or they may be overcharged

Daily Mirror

Liz Truss and Kwarteng accused of ‘gambling with public’s money’ as pound plummets

Chancellor ‘fanned the flames’ for pound’s fall with hint of further unfunded tax cuts, says Labour

The Independent UK

Labour conference votes to put pledge to introduce proportional representation in manifesto despite Starmer ruling it out – as it happened

Loud cheering as motion on PR is carried even though Labour leader says he will ignore vote.

The Guardian - UK

Truss and Kwarteng like ‘gamblers in a casino’, says Labour as pound hits record low

Shadow chancellor decries government’s economic plans as ‘reckless, irresponsible and unfair’

The Guardian - UK

Tax cut plans pull British pound to 4 decade lows

The British pound has resumed a slide that picked up pace last week after the U.K.’s new government outlined plans to cut taxes and boost spending

The Independent UK

Pound hits all-time low as fallout from Kwasi Kwarteng's 'mini-budget' continues

The Chancellor has hinted at more tax cuts to come

Manchester Evening News

National Trust boss slams new government Investment Zones 'abandoning' nature

“The Trust will always defend protections for nature and heritage, and we will respond in full to any proposals.

Manchester Evening News

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The Independent UK

Pound recovering after hitting all-time low against the dollar

Sterling plunged to its lowest level against the US dollar - at just over $1.03 - since decimalisation in 1971

Manchester Evening News

Gary Neville denies plot to run for Labour in Greater Manchester while attacking Tories

"They continue to just laugh at us constantly with what they’re doing"

The Guardian - UK

The Kwarteng plan puts at risk the very poorest people in the UK – and growth

The government’s policy approach risks stagflation. It is making history for all the wrong reasons, says economist Mohamed A El-Erian

The Guardian - UK

Monday briefing: The pound slumps in Asia – and the far right rises in Italy

In today’s newsletter: Sterling crashes against the dollar as a coalition led by the post-facist Brothers of Italy triumphs

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Daily Mirror

Pound hits all-time low against dollar and is now worth just $1.03 after Mini-Budget

The pound plunged to a record $1.03 low against the US dollar this morning as international markets continued to reject Kwasi Kwarteng's tax-cutting Mini-Budget

The Guardian - UK

Sterling slides back towards record low as Bank of England and Treasury fail to reassure markets – as it happened

Bank of England says it ‘will not hesitate’ to change interest rate but appears to be trying to squash expectations of an emergency rise

Evening Standard

Pound sinks to record low against dollar as Kwasi Kwarteng hints further tax cuts on way

The Chancellor has previously brushed off questions about the markets’ reaction to his mini-budget

Wales Online

Pound falls to all-time low as Kwasi Kwarteng hints further tax cuts on way

Despite criticism over the abolition of the top rate of tax, Mr Kwarteng insists he is 'focused on tax cuts across the board'

The Independent UK

Pound - live: Bank of England ‘won’t hesitate’ to hike interest rates to curb inflation

The pound sterling tumbled to an unprecedented $1.0327

The Independent UK

Ex-England star Neville due at conference as Labour sets out investment plan

Shadow chancellor Rachel Reeves has the main speech but Gary Neville will be the star attraction at the Liverpool conference.

Evening Standard

Latest poll puts Labour 12 points in the lead as Starmer pledges to drop tax cut for top earners

The Labour Party are surging ahead in the polls after Sir Keir Starmer pledged to reverse the Government’s “wrongheaded” income tax cut for people earning more than £150,000.

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