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The Latest Breaking News from Liz Truss

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

Evening Standard

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

The Guardian - UK

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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.

Daily Record

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 Conversation

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

The Independent UK

Liz Truss U-turns on corporation tax and admits her plan ‘has to change’

PM concedes radical mini-Budget ‘went further and faster than markets were expecting’

The Independent UK

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Liz Truss rushes out of ultra-short NINE-minute press conference after refusing to resign

The Prime Minister was gone in the blink of an eye after telling the nation she would continue with her mission to grow the economy - despite sacking Chancellor Kwasi Kwarteng and U-turning over corporation tax due to market turmoil

Daily Mirror

Liz Truss challenged on her credibility in very brief press conference

LIZ Truss dodged a question on whether she has any “credibility” to continue as Prime Minister during a very short press conference from Downing…

The National (Scotland)

Can Liz Truss outlast a lettuce, UK tabloid asks in Twitter post

A British newspaper on Friday pitted Liz Truss in a race against a lettuce, asking readers if they thought the under-fire prime minister would lose her job before the vegetable decayed.

Reuters

Who is the new chancellor Jeremy Hunt?

Jeremy Hunt was appointed chancellor hours after Kwasi Kwarteng's sacking

Manchester Evening News

Liz Truss U-turns on corporation tax after Kwasi Kwarteng sacked

Liz Truss tore up the mini budget with an £18 billion corporation tax U-turn after sacking Kwasi Kwarteng as Chancellor on Friday. The reversal came as the prime minister held a press conference after a tumultuous day where she sacked Mr Kwarteng, one of her closest allies, and appointed Jeremy…

Evening Standard

Liz Truss confirms scrapping of corporation tax rise in latest mini-budget U-turn

It comes after Jeremy Hunt replaced Kwasi Kwarteng as Chancellor

Wales Online

UK's Truss sacrifices close friend Kwarteng over unloved fiscal plan

He was one of her closest friends and supporters, but Prime Minister Liz Truss sacked Britain's first Black finance minister Kwasi Kwarteng just 38 days into the job.

Reuters

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Tribune News Service

Hunt replaces Kwarteng as Liz Truss plans humiliating U-turn

U.K. Prime Minister Liz Truss fired Chancellor of the Exchequer Kwasi Kwarteng and replaced him with former Foreign Secretary Jeremy Hunt as she prepared to make a humiliating U-turn on parts of her economic plan.

The Guardian - UK

So farewell, Kwasi. Your career died so Liz Truss’s might live for at least 15 more minutes

Kwarteng is out, Hunt is in, and the farcical merry-go-round keeps spinning, says Guardian columnist Marina Hyde

Liverpool Echo

Martin Lewis has message for new Chancellor Jeremy Hunt

The Money Saving Expert founder took to Twitter after hearing the news Kwasi Kwarteng was being replaced

Daily Mirror

Liz Truss scraps Corporation Tax plan in ANOTHER U-turn as she vows to carry on

The Prime Minister is in a bitter scrap to stay in post, just 38 days after taking the top job, and earlier today sacked Chancellor Kwasi Kwarteng

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The Independent UK

Sadiq Khan: Kwasi Kwarteng not the only problem with Liz Truss’ Government

The London Mayor was speaking as the Chancellor flew back to the US, just before he was sacked.

Daily Mirror

Who is Jeremy Hunt? New Chancellor's family life, wife and privileged education

Jeremy Hunt has been announced as the new Chancellor of the Exchequer following the abrupt departure of Kwasi Kwarteng in a day of chaos for the Conservative Party

The Independent UK

Chris Philp: Liz Truss demotes Kwasi Kwarteng’s deputy in Treasury clear-out

Chief secretary to the Treasury moved to Cabinet Office role

The National (Scotland)

'Best thing she can do is resign': Nicola Sturgeon calls for Liz Truss to go

NICOLA Sturgeon has called on Liz Truss to resign as she accused her of crashing the UK economy.

The Independent UK

Jeremy Hunt named as new chancellor by Liz Truss

Tory moderate replaces Kwasi Kwarteng in bid to shore up support from MPs

Reuters

Jeremy Hunt replaces Kwarteng as Britain's finance minister

Former foreign minister Jeremy Hunt has been appointed Britain's finance minister, Prime Minister Liz Truss's office said on Friday, following Kwasi Kwarteng's resignation from the post after less than six weeks in the job.

The Independent UK

Scottish Lib Dems call for general election as Kwarteng sacked as Chancellor

Mr Kwarteng returned early from an overseas trip to Washington to learn his fate.

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