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The Latest Breaking News from Kwasi Kwarteng

Senior Treasury official Sir Tom Scholar leaves post after six years

The experienced mandarin says the new Chancellor believes it is time for change at the helm of the department.

The Independent UK

Tom Scholar, permanent secretary to the Treasury, sacked by Liz Truss

Government likely to seek replacement amenable to its plans of economic growth through tax cuts

The Guardian - UK

Truss and Kwarteng’s old departments reprimanded for failing to comply with transparency laws

Department for International Trade given its first enforcement notice in seven years

The Independent UK

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“I believe many businesses will still be forced to close” - Sacha Lord wants clarity for hospitality industry as energy support announced

The night-time economy advisor believes new measures will not be enough to avoid closures and redundancies

Manchester Evening News

Ripple of rumour around the Commons as concern grows for the Queen

Nadhim Zahawi slips into chamber during energy debate to deliver message to Liz Truss and then opposition

The Guardian - UK

Martin Lewis explains what Liz Truss' plans to tackle energy bills mean for you

The government announced a massive £150bn price support package on Thursday

Wales Online

The U.K. now has its most diverse Cabinet in history thanks to new PM Liz Truss

For the first time in British history, none of the four most senior Cabinet posts — prime minister, chancellor of the exchequer, foreign secretary and home secretary — are taken up by a white male.

WEKU

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The rise of Kwarteng, Badenoch and Cleverly must change the face of Labour

For too long, the progressive party has done too little to show its black members they can reach the top. There can be no more excuses, says former journalist and publisher Michael Eboda

The Guardian - UK

ECB hikes interest rates by record 75bp and slashes growth forecasts – as it happened

Christine Lagarde warns that eurozone economic growth is weakening, but EBC plumps for record increase in borrowing costs to curb inflation

The Guardian - UK

$Fury as Liz Truss to allow fracking today despite her own Chancellor saying it won't work$

Fury as Liz Truss to allow fracking today despite her own Chancellor saying it won't work

New Prime Minister Liz Truss is set to lift the ban on fracking as part of her energy bills plan - despite Kwasi Kwarteng saying in March that it wouldn't solve the crisis

Daily Mirror

$Truss to lift ban on fracking under plan to increase UK’s energy supply$

Truss to lift ban on fracking under plan to increase UK’s energy supply

New PM will resume extraction of shale gas in places where it is opposed by local communities

The Independent UK

Thursday briefing: What we know about Liz Truss’ plan to curb energy bills

In today’s newsletter: Days into her reign, the new prime minister will announce an effort to tackle rising prices – here’s what it might include

The Guardian - UK

$Liz Truss ‘to ditch fracking ban’ as she reveals fresh cost-of-living support$

Liz Truss ‘to ditch fracking ban’ as she reveals fresh cost-of-living support

The new premier is expected to tell MPs on Thursday that domestic bills will be frozen at around £2,500.

The Independent UK

Liz Truss’s rejection of windfall tax ‘to saddle UK with debt for decades’

Bill could be higher than cost of bank bailout after 2008 financial crash, expert warns

The Independent UK

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Daily Mirror

Ex-BBC journalist blasted over racist 'coconut cabinet' comment on Liz Truss appointments

Iain Macwhirter reposted a tweet about Kwasi Kwarteng, James Cleverly and Suella Braverman and used an offensive term

The National (Scotland)

Analysis: How diverse is Liz Truss's Cabinet and how many went to private school?

COMMENTATORS have been praising Liz Truss's "diverse" cabinet appointments - but is it all that it seems?

The Guardian - UK

Will Liz Truss’s government adopt or weaken green policies?

Environmentalists assess cabinet appointments and say it is ‘a mixed bag’ and there is no clear direction

The Guardian - UK

With no new windfall tax on energy firms, a cap on nuclear and renewables is urgently needed

Ending the outdated system that links some electricity generators’ revenues to wholesale gas prices could fund UK rescue package

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Evening Standard

Liz Truss holds out olive branch to Rishi Sunak backers as she recasts junior team

Several MPs who supported the former chancellor in the Tory leadership contest have been handed ministerial roles

The Guardian - UK

In Liz Truss’s cabinet, loyalty looks like the only quality that really counts

The prime minister has kept her friends close. But will that be enough, when winter bites, asks Katy Balls, the Spectator’s deputy political editor

Daily Mirror

Britain still heading for recession but inflation could slow down, Bank of England says

Bank of England govenor Andrew Bailey sidestepped questions on whether Liz Truss’s expected energy package could spike a rise in living costs.

Reuters

New UK leader Liz Truss finalises huge power subsidy plan

Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing.

Evening Standard

‘The shelf-life of a beetroot’: how Kwasi Kwarteng lasted just 38 days as Chancellor

As Liz Truss sacks her right-hand man less than six weeks into the job, Katie Strick charts the rise and fall of the man in charge of last month’s “disastrous” mini-budget

The Conversation

Liz Truss names Thérèse Coffey as her second-in-command – here's how deputies have performed this key role for past PMs

Liz Truss’s cabinet is taking shape, so far with few surprises as the new prime minister names allies to key posts. Much discussion has centred on the diversity of the top team, with Kwasi Kwarteng as chancellor and Suella Braverman as home secretary.

Wales Online

Rows with Marcus Rashford and controversial views on abortion: The new members of Liz Truss's cabinet

Liz Truss's cabinet includes many figures who have been caught up in controversies over their opinions

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