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The Latest Breaking News from Kwasi Kwarteng

Pound plunges through $1.09 as former US Treasury secretary blasts ‘naive’ UK policies in mini-budget– as it happened

Sterling has tumbled by over three cents to 37-year low, and UK gilt yields are surging, after Kwasi Kwarteng announced huge unfunded tax cuts

The Guardian - UK

What time and when is Kwasi Kwarteng's mini-budget announcement this morning?

The government is believed to introduce a variety of tax cuts later on this morning

Manchester Evening News

Mini-budget latest LIVE: Kwasi Kwarteng scraps 45% top rate of income tax as Chancellor slashes stamp duty

The basic rate of income tax will be cut to 19p in the pound from April 2023 and the 45% higher rate will be ‘abolished’

Evening Standard

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Mini-Budget 2022 - live: Kwarteng tax cuts send pound plummeting

IFS says chancellor making no semblance of effort to balance books and Labour slates ‘plan to reward already wealthy’

The Independent UK

Who is Kwasi Kwarteng? Sacked Chancellor's privileged life and right-wing views

A long-time ally of Liz Truss, Mr Kwarteng appeared to be a shoo-in to become Chancellor once it was clear she would trounce her rival Rishi Sunak in the Tory leadership race. However, it all went south just 38 days into the job

Daily Mirror

Friday briefing: What to expect from Kwasi Kwarteng today

In today’s newsletter: The newly appointed chancellor will deliver his first ‘fiscal event’ in Parliament today – but will it make a difference?

The Guardian - UK

Chancellor to set out plans for ‘new era focused on growth’ in mini-budget

Kwasi Kwarteng is expected to explain how the Prime Minister's tax-cutting promises will be put into practice

Wales Online

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Universal Credit warning as thousands could see benefits cut this winter

Labour has hit out at the new scheme that could see people with less to live on

Liverpool Echo

Five charts that will underpin chancellor’s mini-budget

From soaring inflation and gas prices to tax take and national debt, these are the trend lines that frame Kwasi Kwarteng’s calculations

The Guardian - UK

What to expect from the mini budget as rich set to benefit from tax cuts

Ahead of the announcement the Chancellor revealed the National Insurance hike introduced by former Chancellor Rishi Sunak would be reversed on November 6.

Daily Record

Mini-budget 2022 - latest: Kwasi Kwarteng to unveil plan to cut taxes and reduce energy bills

Chancellor expected to scrap cap on bankers’ bonuses and cut stamp duty and VAT

The Independent UK

Mini-budget: Chancellor Kwasi Kwarteng set to reveal plans for ‘new era focused on growth’

Chancellor poised to confirm billions in spending and plans for tax cuts

Birmingham Post

Calls for Liz Truss to honour pledge to put £13bn into social care

It comes as Chancellor Kwasi Kwarteng said the nation insurance hike will be reversed from November.

The Independent UK

John Swinney: UK Government policies create more poverty

Scotland’s Deputy First Minister accused the UK Government of creating more poverty with policies such as cutting Universal Credit.

The Independent UK

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Evening Standard

UK faces ‘really tough times’ admits PM Liz Truss ahead of mini-budget

The PM promised the ‘growth plan will deliver better jobs, more funding for public services and higher wages’ amid the cost-of-living crisis

Manchester Evening News

Greater Manchester named one of 38 areas in line to get low tax 'investment zone'

The Government is expected to lower taxes and cut regulation in a bid to grow the economy

The Independent UK

Kwarteng ‘dash for growth’ in mini-budget sparks fears for environment and economy

‘Growth plan’ will break ‘cycle of stagnation’, chancellor promises

The Guardian - UK

UK in recession and further interest rate hikes probable, Bank of England warns

Threadneedle Street makes clear on eve of tax-cutting mini-budget that plans risk triggering more rate rises

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Birmingham Post

Hull could be set for new 'Investment Zone' status in new Chancellor's mini-budget

Pre-announcement briefing puts Hull at the forefront of new strategy to pick up the pace of delivery - with freeport flip potential

Birmingham Post

Chancellor set to unveil plans for new 'investment zones' to boost local economies

Relaxed planning rules to release more land for development and changes to environmental regulation are among the proposals from Kwasi Kwarteng

Daily Mirror

Kwasi Kwarteng's tax cutting 'mini-Budget' to promise 'new era for Britain' - after 12 years of Tory rule

The chancellor will scrap Boris Johnson's hike in national insurance from November 6 despite experts warning it will disproportionately benefit the richest households

The Independent UK

Lib Dems demand scrapping of MPs’ recess to allow scrutiny of mini-budget

The Commons is due to break for the conference season after the Chancellor’s fiscal statement on Friday.

Chronicle Live

What to expect in tomorrow's Mini-Budget - Stamp Duty, energy bills and National Insurance

Everything we know about Kwasi Kwarteng's statement tomorrow - from Bankers' Bonuses to the real living wage.

The Guardian - UK

Kwarteng’s ‘shock and awe’ entrance leaves Treasury reeling

Staff ‘still angry’ at sacking of permanent secretary and alarmed at lack of transparent costings

Daily Mirror

Mini-Budget 2022: All predictions with Stamp Duty, energy bills and National Insurance

What time is the mini-Budget? Will it increase the real living wage? And why on earth is it tipped to axe the bankers' bonuses cap? Here's everything we know about Kwasi Kwarteng's statement

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