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The Latest Breaking News from Kwasi Kwarteng

New welfare shake-up could see 100,000 people in part-time work face a benefit cut

The change is expected to take effect from January as part of the Universal Credit system.

Daily Record

Kwasi Kwarteng to cut benefits if part-timers don’t work harder

Chancellor’s move comes as Liz Truss says UK has too many ‘economically inactive’ people

The Independent UK

100,000 face benefits cut under new Universal Credit rules

More claimants who don't look for work will face having their benefits cut or stopped

Wales Online

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What is stamp duty tax and how could a stamp duty cut affect homebuyers?

Prime Minister Liz Truss and Chancellor Kwasi Kwarteng reportedly have plans to cut stamp duty as part of the mini-budget

Manchester Evening News

Chancellor targets part-time workers in ‘win-win’ welfare shake-up

Kwasi Kwarteng wants to get 'Britain working again' in a bid to boost economic growth

Wales Online

Chancellor urged to cut VAT on public charging of electric cars

Kwasi Kwarteng will deliver a mini-budget on Friday.

The Independent UK

Kwasi Kwarteng to shrink part-time work benefits to grow labour supply

New UK chancellor aims to reverse inactivity in labour market, especially among over-50s

The Guardian - UK

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Chancellor set to announce this week that 120,000 benefit claimants could see their payments reduced

Universal Credit claimants are expected to take steps to increase their earnings or could face sanctions

Manchester Evening News

Silencing mini-budget analysis will not help Truss woo the markets

Government needs independent verification of policies if it is to win vital finance sector confidence

The Guardian - UK

UK’s mounting debts unsustainable if sweeping tax cuts go ahead, warns IFS

Concerns mount before mini-budget that precarious financial position will spark run on sterling

The Guardian - UK

Affordable housing provision in wider building projects could be ditched

Ministers considering deregulation of planning system in some ‘investment zones’

The Guardian - UK

Truss tax cuts will hand big banks and insurers £6.3bn, study says

Figures compiled by House of Commons Library measure impact of freezing corporation tax and cutting banking surcharge

The Guardian - UK

Liz Truss’s plans for tax cuts ‘a gamble at best’, says leading think tank

The Institute for Fiscal Studies said the new PM risks putting the public finances on an ‘unsustainable path’

Evening Standard

Mini-budget predictions: What should we expect from Kwasi Kwarteng?

The Standard looks at the moves the chancellor could announce

Evening Standard

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The Independent UK

Liz Truss tells US corporate giants her tax cuts ‘just the start’, despite warnings of unsustainable debt

PM promises ‘lower, simpler taxes’ – despite new warning UK public finances on ‘unsustainable path’

Daily Mirror

Food bank charity chief hits back at critics after shutting doors during Queen's funeral

Trussell Trust chief executive Emma Revie hit back at criticism - as she urged Kwasi Kwarteng to raise Universal Credit in his mini-Budget on Friday

Manchester Evening News

The Mancunian Way: No room at the inn

Read the Mancunian Way newsletter for Wednesday September 21, 2022.

Evening Standard

What’s next for Rishi Sunak?

After losing the Tory leadership race to Liz Truss, the ex-chancellor has taken a breather. As Kwasi Kwarteng takes over at Number 11, Anne McElvoy looks at the next move for ‘goldenballs’: will he return to finance, or wait for Truss’s economic plan to fail?

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The Independent UK

Truss tells bosses of American multinationals tax cuts are ‘just the start’

The Prime Minister told leaders of firms including Google and JPMorgan Chase she wants ‘lower, simpler taxes’ to attract businesses to Britain.

Evening Standard

Kwasi Kwarteng’s bonus plan may not even please bankers

Investment bank revenue is already on the slide as clients sit on hands

The National (Scotland)

Chancellor Kwasi Kwarteng criticised for 'strange' behaviour during Queen's funeral

CHANCELLOR Kwasi Kwarteng has come in for criticism after appearing to laugh during the Queen’s funeral.

The National (Scotland)

Scottish firms say UK energy support scheme ‘doesn't live up to the hype’

THE UK Government’s business energy support plan does not “live up to the hype” and is not enough to help struggling firms through the winter,…

The Guardian - UK

Cost to taxpayer of Truss’s £100bn energy package has escaped scrutiny

MPs had no chance to question Jacob Rees-Mogg’s announcement and there is no one marking Kwasi Kwarteng’s homework

The Guardian - UK

The era of low interest rates is ending – its legacy is inequality and toxic politics

Over the past 14 years, older homeowners have continued to benefit – creating an unpleasant form of economic progress, says sociologist and political economist William Davies

Evening Standard

New headache for Keir Starmer as Jeremy Corbyn aims for a return to Labour

JEREMY Corbyn has given Keir Starmer a new problem just before the party conference by saying he hopes to return as a Labour MP. The controversial ex-leader called the way he has been treated by the party “extremely unfair”.

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