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The Latest Breaking News from Liz Truss

From gaffe-prone Philp to hardliner Patel, who makes up Kemi Badenoch’s shadow cabinet?

The newly elected party leader unveiled her top team on Tuesday morning ahead of its first meeting

The Independent UK

UK politics live: Badenoch’s shadow cabinet shows Tories ‘learned nothing’ from Truss chaos, says Labour

Top roles for Priti Patel, Mel Stride, Chris Philp and Robert Jenrick as new shadow cabinet revealed

The Independent UK

Kemi Badenoch: UK Conservatives’ new leader fighting ‘left-wing nonsense’

She was a passionate supporter of Brexit and threw her weight behind the much-maligned Rwanda deportation scheme.

Al Jazeera

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Is austerity over? Will farmers lose out? Six big questions about Rachel Reeves’s budget

The Labour chancellor unveiled lots of plans for long-term investment. But there is plenty of lively debate about the immediate impact

The Guardian - UK

Kemi Badenoch becomes first black woman to lead major European party

The MP is also the fourth woman to lead the Conservative Party after Margaret Thatcher, Theresa May and Liz Truss.

Evening Standard

Kemi Badenoch elected new Conservative leader – as it happened

Badenoch says Tories need ‘a clear plan to change this country by changing the way that government works’

The Guardian - UK

OBR error cut £18bn of headroom from Rachel Reeves’ Budget

The error may have contributed to the market jitters that were seen in the wake of the Budget

The Independent UK

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Big, bold and risky, but Rachel Reeves has still presented a continuity budget

In the long line of UK government budgets, this first one from Labour in 14 years will be remembered as one of the more significant. Perhaps not like those of Geoffrey Howe in 1981, which controversially cut spending in the middle of a recession, or Hugh Dalton in 1946, which…

The Conversation

Two-thirds of bosses feel negatively about budget, Reeves is told

Warning from Institute of Directors comes as ratings agency Moody’s says budget will do little to improve growth

The Guardian - UK

Voices: ‘The new Thatcher or the new Truss?’ 10 of your burning Tory leadership questions answered

ASK ME ANYTHING: In this exclusive Q&A session, The Independent’s political commentator Andrew Grice addresses key dynamics in the Tory leadership race, and what we can expect when Kemi Badenoch or Robert Jenrick takes the helm

The Independent UK

Why it’s unfair to compare the current market movement to catastrophic Truss mini-Budget

ANALYSIS : Ignore the comparisons, writes Howard Mustoe – any suggestions that market concerns over Rachel Reeves’s Budget bear any similarity to the chaos that followed Liz Truss’s economic disaster are wide of the mark

The Independent UK

We’ve all got Liz Truss PTSD, says minister as he defends market reaction to Budget

Treasury minister says situation after Truss’ mini-Budget ‘completely different in contrast to now’

The Independent UK

UK politics: Budget’s ‘clean bill of health’ from watchdogs should reassure investors, says Reeves – as it happened

Chancellor, on a post-budget visit to Newcastle, says ‘markets move all the time’

The Guardian - UK

UK still suffering from trauma of Liz Truss, says Treasury minister

Darren Jones says ‘we’ve all got PTSD’ from Truss’s 2022 mini-budget, amid market jitters after this week’s budget

The Guardian - UK

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Evening Standard

Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists

Treasury minister Darren Jones suggested the UK had ‘PTSD’ from Liz Truss’s mini budget, amid jitters from markets.

Evening Standard

Jittery markets hold their nerve on Budget £32b borrowing as minister reassures: We've all got PTSD from Truss

Chief Secretary to the Treasury Darren said on borrowing the Government does not ‘think that we are pushing it to the limit’

The Guardian - UK

Head of government’s new value for money office ‘to be paid £950 a day’

David Goldstone to advise chancellor and chief secretary to the Treasury on ways to cut public spending

The Conversation

Labour’s first budget: redistribution away from the rich after over a decade of Conservative rule

Labour’s first budget in 14 years appears to have avoided the Halloween nightmares that many predicted. Yes, the overall tax burden is at its highest level since 1948, but this budget’s tax and spend distribution is such that it spreads both the pain and the benefit. Most of the pain…

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The Independent UK

Voting closes in contest to lead UK Conservative Party as it seeks to rebound from defeat

Voting has closed in contest to lead Britain’s Conservative Party after its crushing election defeat

The Guardian - UK

UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likely

Evening Standard

Budget ‘biggest-ever assault’ on competitiveness, says former chancellor Hunt

The Conservative shadow chancellor opened a Commons Budget debate on Thursday.

The Independent UK

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

The Guardian - UK

Post-budget sell-off of government bonds by worried City traders intensifies, pushing up UK borrowing costs – as it happened

Institute for Fiscal Studies says increasing borrowing to fund investment ‘right thing to do’

The Independent UK

Budget 2024: What will it mean for my mortgage?

The general recent trend for mortgage rates has been downward following the highs experienced two years ago in the wake of former prime minister Liz Truss’s disastrous mini-Budget

The Independent UK

Hunt accused of trying to ‘blame the referee’ over OBR ‘black hole’ review

Tory former chancellor Jeremy Hunt has written to the UK’s top civil servant about an Office for Budget Responsibility review of his spending plans.

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