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The Latest Breaking News from Liz Truss

Liz Truss - live: No 10 warns of ‘difficult decisions’ despite PM ruling out spending cuts

The PM claimed in the Commons that she had ‘protected’ the UK economy

The Independent UK

No 10 warns of ‘difficult decisions’ on public spending despite Truss’s vow to avoid cuts – as it happened

Statement from No 10 comes straight after PM told MPs she was ‘absolutely’ committed to avoiding public spending cuts

The Guardian - UK

Kwasi Kwarteng’s ‘original sin’ caused UK turmoil, says ex-Bank of England deputy

Sir Charlie Bean says Bank could extend emergency action to ease ‘pressure’ on government

The Independent UK

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Jacob Rees-Mogg claims parts of economy in ‘good state’ and insists pensions safe

Cabinet minister clashes with BBC host – and reveals his own mortgage payments have gone up

The Independent UK

Populist rhetoric without the popularity – Truss’s guaranteed recipe for failure

At least Brexit had an electoral mandate. The PM’s project of economic self-harm is neither politically nor morally feasible, says Guardian columnist Rafael Behr

The Guardian - UK

London politics latest LIVE: Liz Truss faces pressure for tax cut U-turn after insisting public spending will not be slashed

Treasury Select Committee chairman Mel Stride suggested Kwasi Kwarteng will need to show a ‘clear change in tack’ to satisfy markets after Liz Truss ruled out public spending cuts

Evening Standard

Wednesday briefing: How much time will Conservative MPs give Liz Truss?

In today’s newsletter: Liz Truss gives her first PMQs since the fiscal statement that blew up her premiership and may hope to calm colleagues. But from benefits cuts to despairing backbenchers, she has a lot to deal with

The Guardian - UK

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I’m part of the ‘anti-growth coalition’ Liz Truss loves to hate – and I’m proud of it

The PM’s vision of growth is part of the class war that is transferring power from Britain’s poorest people to its richest, says Guardian columnist George Monbiot

The Guardian - UK

‘They are stealing Russia’: Adam Curtis on how hyper-capitalism wrecked a nation – and why Liz Truss must take heed

In the 1990s, Russia embraced an extreme economics that led to chaos and corruption. Now, writes the maker of explosive new series TraumaZone, Liz Truss is taking Britain down the same toxic path

The Guardian - UK

Pound - live: Ex-Bank of England deputy says Truss tax cuts behind market turmoil

Bank of England’s announcement triggers further uproar in financial markets as pound slips again

The Independent UK

Loss of trust could come back to bite the Tories

Record View says the damage caused by this government in just one month could take years to fix.

Daily Record

UK ‘will fail to reach climate targets unless government drives behaviour change’

A House of Lords committee urges No 10 to use the lessons of pandemic to enable people to make decisions about travel, food, and energy use

The Independent UK

One in five families in Liz Truss’s seat would lose out under real-term benefit cuts

Research from the Joseph Rowntree Foundation shows impact of increasing benefits in line with earnings, not inflation

The Guardian - UK

One in five of all families face having their benefits cut in 200 Tory seats

New research shows the scale of the disaster hitting not just Brits on benefits, but the MPs they could turf out of office if Liz Truss goes ahead with plans to cut benefits

Daily Mirror

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Liverpool Echo

James Bulger's mum begs PM to keep killer Jon Venables behind bars ahead of parole hearing

It comes as the 40-year-old faces a parole hearing in the next few days

The Independent UK

‘Windfall tax’ for low-carbon energy firms in U-turn from Liz Truss

Labour say prime minister ‘dragged kicking and screaming’ to levy

The Guardian - UK

Power giants to face ‘windfall tax’ after all as Liz Truss delivers U-turn

Prime minister accused of ‘another screeching U-turn’ having previously rejected calls to impose levy

Belfast Live

Stormont spending beyond their budget "unacceptable", Chris Heaton-Harris says

"The Government has provided the Northern Ireland Executive with substantial additional funding through the Barnett formula"

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The Guardian - UK

Pound falls sharply against dollar after Bank confirms bond-buying end date

Sterling falls more than a cent to below $1.10 after Andrew Bailey tells pension firms they have ‘got to get this done’

The Guardian - UK

Dead-eyed AI robot Ai-Da sets the bar high for Truss and Kwarteng

A robot addressing a Lords committee evinced a clarity and personality all too lacking at the top of the Tory party

The Independent UK

No 10 reviews Kwarteng’s mini-Budget measures following market turmoil

Exclusive: Staffers told to undertake line-by-line scrutiny to see if changes are needed

The Guardian - UK

UK to designate China a ‘threat’ in hawkish foreign policy shift

Redesignation will bring UK’s official position towards Beijing close to its stance on Russia

The Independent UK

Pressure mounts on Truss and Kwarteng over economic plans

Senior Tories warned the Chancellor of further turmoil if he does not get the support of MPs for his fiscal measures.

The Guardian - UK

If the Tories U-turn on no-fault evictions, they’ll be guaranteeing misery for renters

Britain’s housing market feels like it’s stuck in the 19th century. Keeping cruel section 21 legislation will make it worse, says author Daniel Lavelle

The Guardian - UK

King Charles must lead by example on climate crisis

Letters: Dr Rhian Barrance says we need climate leaders who can be honest about the actions required to tackle the climate emergency. Plus letters from Jo Inge Svendsen and Trevor Jones

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