The Latest Breaking News from Liz Truss

Poorer households are expected to be hardest-hit, while eldery people have reported having to choose between heating or eating

The former Cabinet minister - who Liz Truss dropped because there was 'no room at the inn' - suggested Tory members should be cut out of choosing the next leader

Households will start receiving money off their energy bills from October

Older people will receive a further discount on their energy bills this autumn

Questions over the Prime Minister's future swirl after mini-budget U-turns

European Commission proposes mechanism to cap “excessive and volatile” gas price moves, and to let member countries start jointly buying gas

Embattled UK Prime Minister Liz Truss on Monday apologized for going "too far too fast" with reforms that triggered economic turmoil, but vowed to remain leader despite a series of humiliating climbdowns. "I do want to accept responsibility and say sorry for the mistakes that have been made... we went…

The Prime Minister is clinging to power and desperate to avoid high-profile resignations from her Cabinet

The pound surged against the dollar Monday as Britain's fourth finance minister in as many months sensationally ripped up a tax-cutting budget that had spooked markets. Chancellor of the Exchequer Jeremy Hunt axed almost all of the debt-fueled tax cuts unveiled last month by the new government of Prime Minister…

In today’s newsletter:

Jeremy Hunt has torn apart Liz Truss' disastrous mini-budget in an attempt to stabilise the markets, reversing the Governments' promised 1p cut in the basic rate of income tax