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The Latest Breaking News from Liz Truss

Why the energy price cap isn’t what it seems

Liz Truss initially moved to rein in runaway household bills caused by rising global gas prices, only for new chancellor Jeremy Hunt to cut short government aid

The Independent UK

Rare family appearance and a TikTok glow-up — Jeremy Hunt’s first Budget

The Chancellor has already lasted longer in the job than his predecessor Kwasi Kwarteng – so does his first Budget fit the serious, “steady” reputation he’s become known for? Katie Strick reports

Evening Standard

Mark Drakeford accuses Liz Truss of being the 'architect of her own misfortunes' and calls for stability

First Minister Mark Drakeford was reacting to the Prime Minister's latest U-turn and sacking of her chancellor

Wales Online

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Welsh Conservatives leader suggests a general election should be called if Liz Truss can't 'regain confidence'

He was speaking before news broke that the Chancellor had been sacked

Wales Online

What weapons has the UK sent to Ukraine?

Liz Truss has vowed to match value of British donations in 2022 again next year

The Independent UK

Kwasi Kwarteng out, Jeremy Hunt in, Liz Truss clings grimly on

A press conference that could have been an email. Dressed in funereal black, Liz Truss stood at the podium for roughly 494 seconds, each more excruciating than the last. She made a brief statement before taking all of four questions. What did we learn?

Evening Standard

Truss defends her low tax agenda as she makes major U-turn and sacks Chancellor

Admitting she had to change course, she reversed a key policy to scrap the planned rise in corporation tax from 19% to 25%.

The Independent UK

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Liz Truss’s history of U-turns after series of reversals as prime minister - OLD

PM is no stranger to about-turns and, less than two months into her premiership, they just keep coming

The Independent UK

Pound falls after Liz Truss walks out of press conference after just 8 mins 21 secs

Markets, which had been performing well most of the day, appeared far from persuaded by the PM’s speech

Evening Standard

Liz Truss says she will NOT resign as Prime Minister as she announces U-turn following sacking of Kwasi Kwarteng

The Prime Minister announced a major new u-turn today after replacing her former Chancellor

Manchester Evening News

Mortgage lenders ‘should feel confidence to put more products on the market’

Some of the downward pressure on house prices and transactions will be tempered following the Government’s U-turn, a housing market expert suggests.

The Independent UK

Can the public force a UK general election as Chancellor sacked within 38 days

Former Chancellor Kwasi Kwarteng was relieved of his position today (October 14), as Prime Minister Liz Truss performed a complete U-turn on new taxes set in place.

Edinburgh Live

Was that it? Eight-minute Liz Truss press conference will not steady ship

Prime minister took only four questions but showed lack of contrition in lightning fast appearance that will not have secured goodwill

The Guardian - UK

Nicola Sturgeon demands Liz Truss resigns as Prime Minister to restore 'economic credibility' to the UK

The First Minister said the "only decent thing" for Tory MPs to do was force Truss out and call a general election.

Daily Record

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Liverpool Echo

Everyone is saying the same thing after Liz Truss press conference

No one was reassured

The Independent UK

Spending cuts of up to £40bn expected after Liz Truss announcement

U-turns have filled less than half the £62bn ‘black hole’ created by Kwasi Kwarteng

Wales Online

Liz Truss now odds-on to resign as Conservative leader this year following Chancellor sacking chaos

Rishi Sunak is the 2/1 favourite to replace her, with Penny Mordaunt next at 5/1 and Boris Johnson 12/1

Evening Standard

It’s not good for London if fine dining flees the City for suburbia

City Voices: Scott’s new restaurant in Richmond is a bad sign

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The Independent UK

Nicola Sturgeon calls for PM to quit as pressure for general election grows

The First Minister said Tory MPs should back an election if Liz Truss does not resign.

Evening Standard

Liz Truss ‘hanging by a thread’ as PM, says Lord Hague, after corporation tax U-turn and axing of chancellor

Prime Minister insists she will stay on as leader as she fights for survival of premiership

Evening Standard

Truss was right to focus on growth. But her rush to get things done was short-sighted

City comment: Rather than hurrying to make announcements, the PM should have spent more time reassuring markets her policies were credible

The Guardian - UK

Liz Truss to raise corporation tax in another humiliating U-turn

PM makes second climbdown and sacks chancellor after package of unfunded tax cuts sent the pound tumbling

Daily Record

Liz Truss clings to job after announcing yet another tax U-turn following disastrous mini budget

The Prime Minister walked out of a Downing Street press conference after just 10 minutes and answering four questions.

The Conversation

Why the 'energy price cap' is confusing – and how it could be better communicated

If you thought energy bills in Britain were capped at £2,500, you are not alone. Even Prime Minister Liz Truss recently made the same mistake, incorrectly claiming that no household would pay more.

The Independent UK

Liz Truss refuses to apologise for tax cut U-turn debacle at 8 minute press conference

Prime minister says she has to stay in office to ensure stability

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