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The Latest Breaking News from Liz Truss

Rees-Mogg tells Tories he’d welcome fracking in his back garden

Speaking at a conference fringe event, business secretary dismisses those who oppose practice as ‘socialists’

The Guardian - UK

Monday headlines: Investigation at Glasgow hospital and Scotland's 'danger to life' weather warnings

Here are the main headlines on the Daily Record website today.

Daily Record

Constitutional crisis as UK Government blocks Bermuda's cannabis bill

BERMUDA is facing a constitutional crisis after the UK Government refused to give royal assent to a bill looking to legalise cannabis in the island…

The National (Scotland)

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The Mancunian Way: A cool £8bn

Read the Mancunian Way newsletter for Monday October 1, 2022.

Manchester Evening News

Focus on less controversial reforms, Frost tells PM

Lord Frost said the Government needed to ‘err away’ from economic reforms that created losers faster than winners.

The Independent UK

Water firms that dump sewage in rivers to face £250million fines - 1,000 times higher

Environment Secretary RanilJayawardena announced the shift at the Tory conference as he tried to emulate Liz Truss's 'That is a disgrace' speech by saying: "That! Is! Not! On!"

Daily Mirror

Truss promises station in Bradford as part of Northern Powerhouse Rail plans

The Prime Minister has previously said she would reverse the Government’s decision to curtail much of the high-speed railway route.

The Independent UK

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Cop27 host Egypt warns UK not to backtrack from climate agenda

Unusual diplomatic intervention prompted by fears over Liz Truss’s commitment to net zero

The Guardian - UK

Tory party chair Jake Berry rapidly alienating fellow MPs – and voters

One former minister calls him the ‘worst performing cabinet minister so far’ in Liz Truss’s government

The Guardian - UK

Chancellor Kwasi Kwarteng branded 'patronising' after describing market turmoil as 'a little bit of turbulence'

“Laughing about the turbulence caused by this botched budget is an insult to the millions of people already facing spiralling mortgage costs"

Manchester Evening News

'The damage is already done' – Truss and Kwarteng branded 'incompetent' after 45p tax rate U-turn

One North East MP accused the government of having "lost all credibility" after dropping plans to cut the top rate of income tax for the highest earners

Chronicle Live

Don’t be fooled by the Tory tax U-turn

Brief letters: Tory ideology lives on | Kwarteng’s humility and contrition | A Truss moment | Conference gamble | Radioactive element

The Guardian - UK

‘Empty, unremarkable, muted’: how commentators saw Kwarteng’s speech

The verdicts came swiftly on the chancellor’s speech after his high-profile tax U-turn

The Guardian - UK

Palestinians concerned by possible relocation of UK embassy in Israel

Palestinian Prime Minister Mohammad Shtayyeh voiced concern on Monday at Britain's decision to review the location of its embassy in Israel, fearing it could be moved from Tel Aviv to Jerusalem.

Reuters

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The Guardian - AU

A shift on stage-three tax cuts would move the first Albanese budget from B for boring to B for big

Labor understands any broken promise will be weaponised by its political foes. But an economic storm is brewing and it’s time to change tack

The National (Scotland)

'What a day': Chancellor admits 'tough' time after humiliating U-turn in defiant speech

KWASI Kwarteng began his speech to the Conservative Party conference by acknowledging it had been a "tough" day as he battled to restore…

Newsroom.co.nz

Liz Truss' failed bid to become a 21st-Century Margaret Thatcher

In 1981 Thatcher took the drastic but successful step of increasing taxes by 2% of GDP to tackle interest rates and inflation. But Truss has just done a reverse-Thatcher, says Oliver Hartwich

The Guardian - UK

More concessions needed to fix UK’s reputation in markets, Kwarteng is told

After tax U-turn, economists urge chancellor to backtrack on other controversial plans in mini-budget

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Daily Mirror

Piers Morgan set for explosive Question Time return after Tory U-turn on tax cuts

Former Good Morning host Piers Morgan has said that he's excited to make an explosive return to BBC's Question Time following Liz Truss and Kwasi Kwarteng's tax cuts U-turn

The Independent UK

Liz Truss’ history of U-turns after first major reversals as Prime Minister

The Prime Minister has history of U-turns, both large and small

The Guardian - UK

Ministers given £930m to spend on advertising space to tout policies

Budget almost doubles amid reports that Liz Truss wants to promote her £150bn energy-bill freeze

The National (Scotland)

Indyref2 'shouldn't happen even if Supreme Court deems it legal', Liz Truss says

THERE should not be a second independence referendum even if the Supreme Court deems it legal, Liz Truss has said.

The Independent UK

Liz Truss putting environment ‘at risk’ with deregulation plans, says Stanley Johnson

Exclusive: Former PM’s father fears ‘mad dash’ for growth jeopardises vital protections

Evening Standard

The Leader podcast: Can Liz Truss recover from humiliating tax U-turn?

Chancellor Kwasi Kwarteng has defended his rapid tax cut U-turn on the first main day of the Conservative Conference, saying he was influenced to scrap the policy after listening to MPs and people up and down the country.

Evening Standard

Kwasi Kwarteng forced into major U-turn on 45p tax cut

From a strictly fiscal perspective, the government’s decision to U-turn on the cut to the 45p top rate of income tax is essentially meaningless. What was a £45 billion tax-cutting budget that sunk the pound, set off gilts and required an emergency intervention by the Bank of England is now…

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