The Latest Breaking News from Kwasi Kwarteng

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 · Sep 15, 2022

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 · Sep 15, 2022

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 · Sep 15, 2022

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 · Sep 15, 2022

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 · Sep 15, 2022

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 · Sep 15, 2022

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 · Sep 15, 2022

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 · Sep 15, 2022

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 · Sep 15, 2022

'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

The National (Scotland) · Sep 15, 2022