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The Latest Breaking News from Kwasi Kwarteng

Kwarteng plan to lift cap on bankers’ bonuses infuriates unions

Unite leader deplores prospect of post-Brexit deregulation drive ‘when millions are struggling’

The Guardian - UK

The Guardian view on bankers’ bonuses: don’t scrap the cap

Editorial: When millions are struggling with their living costs it makes no sense to widen the wealth gap rather than narrow it

The Guardian - UK

Why Kwarteng’s focus on bankers’ bonuses is a strange fight to pick

Some of the chancellor’s other proposals may represent a step back to the light-touch era that led to 2008-09 crash

The Guardian - UK

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Liz Truss to lift fracking ban ‘despite little progress on earthquake risk’

Exclusive: leaked report for government says reducing and predicting risk ‘remains a scientific challenge’

The Guardian - UK

Fury over 'give bankers bigger bonuses' plan as chancellor looks to ditch fat cat cap

Plans are being drawn up to allow bankers on a salary of £1million to pocket an additional £2million in bonuses as the government looks to ditch the EU cap post-Brexit

Daily Mirror

Raft of legislation for the chop amid focus on growth over regulation

New cabinet ministers ditch bill of rights, energy reforms, obesity strategy and cap on bankers bonuses, with more to follow

The Guardian - UK

What are non-fungible tokens and why is Damien Hirst burning his art?

Health secretary turned reality star creates NFT collection to help west Suffolk constituent

Evening Standard

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What are the rules on bankers’ bonuses as chancellor wants to scrap cap?

Current limit means bankers can’t get a bonus of more than 200 per cent of their salary

The Independent UK

Kwasi Kwarteng considers removing cap on bankers’ bonuses

This is a government in a hurry. Boris Johnson secured an 80-seat majority but due to a combination of Covid, scandal and ideological torpor, did not get much done. Liz Truss, on the other hand, has no plans to let this majority go to waste.

Evening Standard

Emergency mini-budget to be delivered next week as tax-cutting plan to be unveiled

Details of how the funding for the £2500 cap on fuel bills will be paid for should be in the statement.

Daily Record

Kwarteng set to deliver mini-budget next Friday

A separate announcement on energy packages is also expected next week, possibly on Wednesday or Thursday

Insider UK

This isn’t the time to lift the cap on bankers’ bonuses

The level the Chancellor could remove is already set at 200% of base pay

Evening Standard

Date set for Kwasi Kwarteng's emergency Budget next week

It is understood that a separate announcement on an energy package is also expected next week, possibly on Wednesday or Thursday

Birmingham Post

Chancellor Kwasi Kwarteng to deliver emergency mini-budget on 23 September

Fiscal event setting out fresh details on energy bills set to happen next Friday

The Independent UK

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The National (Scotland)

'Tory plot to boost banker bonuses shows party wants to fill their pals' pockets', SNP say

Kwasi Kwarteng, the new Chancellor, is reportedly mulling plans to scrap the cap on bankers’ bonuses introduced by the EU in 2014

Wales Online

Chancellor Kwasi Kwarteng to give 'mini budget' next Friday

'Fiscal event' to give more details about energy price cap and update on tax cuts

Daily Mirror

Chancellor Kwasi Kwarteng to deliver 'mini Budget' next Friday

The new chancellor is expected to unveil further details on the energy price cap and Liz Truss's tax-cutting pledges on 23 September

The Guardian - UK

Kwasi Kwarteng to deliver emergency mini-budget on 23 September

Chancellor to bring in winter tax cuts and announce further energy support at end of mourning period

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Wales Online

Chancellor under fire over plans to ditch cap on bankers' bonuses

Unions and experts claimed any move to remove limit on payments would be unwise while millions struggle in cost-of-living crisis

The Independent UK

Speaker says Commons recess should be cut short following political pause

However Sir Lindsay Hoyle said he does not want to ‘hold anybody to ransom’, as nothing has been decided yet.

The Independent UK

Plan to axe banker bonus cap condemned as ‘obscene’ amid pay cuts and ‘huge risk’ to economy

’Nurses given real-terms pay cuts. City executives given unlimited bonuses,’ TUC chief says

Daily Record

Tory plan to lift cap on bankers' bonuses would be 'pro-rich' measure

Labour breached the political truce around the Queen's funeral to attack the plan to lift the limits on bankers' bonuses.

Birmingham Post

The time of the mini Budget and changes Kwasi Kwarteng is expected to make including NI and stamp duty

The new Chancellor is expected to make a statement in a 'fiscal event', effectively an emergency Budget before the end of September

Evening Standard

Kwasi Kwarteng considering removing cap on bankers’ bonuses as part of City shake-up

The cap, introduced by the EU in 2014 in response the 2008 financial crash, restricts bankers’ bonuses to twice their salary

The National (Scotland)

Tories 'looking to scrap bonus caps in boost for City bankers'

CAPS on bonuses for fat cat City bankers are reportedly set to be scrapped and sold to the world as a “Brexit dividend”.

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