"We have to be honest": New Chancellor Jeremy Hunt's warning as he promises to get economy back on track He has warned of 'difficult' economic decisions to come Manchester Evening News · Oct 15, 2022
Bear Markets Are Never Easy….Not Even for Bears Bear markets are never easy. Not even for bears. Today's action is a reminder of that, and why the POWR Stocks Under $10's charter is to remain at least 50% invested. In a way, it reminds me of what happened in February, when markets were sinking lower on the prospects… StockNews.com · Oct 15, 2022
Mushrooms make their presence felt The most exciting news of the week is that mushrooms were found growing on a seat of an active Bangkok bus. In addition to carrying passengers on the No 82 route from Phra Pradaeng to Phahurat, the bus featured a battered seat covered in newly sprouted mushrooms. Alas, the seat… Bangkok Post · Oct 15, 2022
Liz Truss's premiership 'hanging by a thread' as Tory MPs plot to get rid of PM On Friday she fired her friend, Chancellor Kwasi Kwarteng, for delivering the mini-budget she ordered and did another U-turn on taxes, but that did not halt economic turmoil Daily Mirror · Oct 15, 2022
Jeremy Hunt warns of ‘difficult decisions’ ahead amid reports of delay to basic rate tax cut The Chancellor is reportedly considering delaying the 1p cut to the basic rate of income tax by a year Evening Standard · Oct 15, 2022
One million workers may strike as union boss backs huge joint walkout for better pay Poor pay during a cost-of-living crisis means workers must join forces to demand fair wages, says Unite General Secretary Sharon Graham. She is talking with other union bosses about joining forces Daily Mirror · Oct 15, 2022
'British voters should have a chance to pick a new leader - Liz Truss is finished' The political and economic crises facing us should give us the right to determine the future path this country takes. It is not for a small clique of Tories to keep foisting new governments on us Daily Mirror · Oct 15, 2022
'Labour Party can build a brighter future for Britain - Tories have to go' Labour Party leader Sir Keir Starmer says the Prime Minister's partial U-turn was necessary, but the damage has already been done. The Conservatives have to go. Britain needs a fresh start. Daily Mirror · Oct 15, 2022
Tory MPs plotting to get rid of Liz Truss as PM and replace her with Ben Wallace A group of MPs want Ben Wallace as the new PM, with Rishi Sunak back as Chancellor in a bid to calm the financial markets. They hope Liz Truss will step aside to avoid total carnage at the polls Daily Mirror · Oct 15, 2022
Senior Tories hold talks to discuss ousting Liz Truss to ‘rescue’ party As new chancellor Jeremy Hunt rips up prime minister’s economic plans, Conservatives plot route to replace her The Guardian - UK · Oct 15, 2022
Tory donors turn on Liz Truss even as Jeremy Hunt rips up disastrous mini-Budget ‘Time is running out’ to remove the prime minister, says top Conservative donor. ‘The more we dig this hole the deeper it is going to be’ The Independent UK · Oct 15, 2022
'Tories have damaged Britain - only solution is a change of hands with Labour in power' Keir Mudie says Liz Truss signed this mini-budget off, of course, so he is not sure what firing the Chancellor actually achieved other than removing the final human shield protecting the woman herself Daily Mirror · Oct 15, 2022
Truss’ desperate bid to save UK premiership lands her in more trouble Boxed in by market turmoil and a mutinous Conservative Party, British Prime Minister Liz Truss was left with two cards to play: hitting reset on her economic plan, and firing her friend and finance minister, Kwasi Kwarteng. Tribune News Service · Oct 15, 2022
‘A tragic figure’: in Liz Truss’s seat there is anger, frustration and little sympathy The mood in the PM’s Norfolk constituency is sombre as the Tory leader is seen to have no credibility though some fear more turmoil The Guardian - UK · Oct 15, 2022
The Guardian - UK · Oct 15, 2022 If Jeremy Hunt is to be Truss’s saviour, he needs more than austerity 2.0 Tax-cut U-turns won’t be enough to balance the books, so the new chancellor will look at cutting public service budgets. But there is an alternative
Daily Mirror · Oct 15, 2022 'Liz Truss is running Britain with a glorious chaotic sense of uselessness' Mark Steel says now that Kwasi Kwarteng has been sacked, every policy Liz Truss said was essential will be reversed - even her press conference explaining the sacking of the Chancellor was useless
Manchester Evening News · Oct 15, 2022 Universal Credit warning as DWP told families could lose up to £1,000 a year The government is due to make an announcement on benefit upratings at the end of the month
The National (Scotland) · Oct 15, 2022 'Grow a backbone': Mhairi Black challenges Scottish Tories to back Liz Truss resignation calls MHAIRI BLack has challenged the Scottish Conservatives to “grow a backbone” and join mounting calls for Liz Truss to resign.
The Independent UK · Oct 15, 2022 Bank of England warns next interest rate hike could be higher than expected ‘Stronger response’ needed to tackle inflation, says Andrew Bailey
The Guardian - UK · Oct 15, 2022 Keir Starmer criticises ‘grotesque chaos’ under Liz Truss government Labour leader says UK is ‘crying out for clear leadership’ and his party ‘must provide it’
The Guardian - UK · Oct 15, 2022 Tobias Ellwood has Tory whip restored after being suspended in July Chair of Commons defence committee had whip withdrawn for failing to turn up for a confidence vote
The Independent UK · Oct 15, 2022 SNP challenge Scottish Tories to back Liz Truss resignation calls Senior SNP figures have challenged the Scottish Conservatives to ‘grow a backbone’ and join calls for the Prime Minister Liz Truss to quit.
The Independent UK · Oct 15, 2022 Scottish Labour leader declares party ‘ready’ for general election Anas Sarwar condemned Liz Truss as a ‘lame duck Prime Minister’.
Reuters · Oct 15, 2022 As UK's Truss fights for job, new finance minister says she made mistakes Britain's new finance minister Jeremy Hunt said on Saturday some taxes would go up and tough spending decisions were needed, saying Prime Minister Liz Truss had made mistakes as she battles to keep her job just over a month into her term.
The Independent UK · Oct 15, 2022 Why is Russia at war with Ukraine and what does Putin want? Vladimir Putin’s military assault continues in face of near-unanimous international condemnation