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The Latest Breaking News from Liz Truss

Tory MP says UK will only be in economic crisis when 'Wetherspoons is empty'

Lee Anderson made the bold claims in a searing rant to young Conservative party members, adding that food banks are only set up by "do-gooders" who want to "make themselves feel good."

Daily Record

Kwasi Kwarteng statement in full on tax cuts U-turn as he refuses to resign

Mr Kwarteng and Liz Truss finally relented to growing pressure after Tory MPs broke ranks over the 45% rate cut for the UK's highest owners, with the Chancellor saying: "We get it, and we have listened"

Daily Mirror

State Pension to increase in line with inflation next April but other DWP benefits still to be confirmed

DWP boss Chloe Smith will make a determination on the benefit uprating this autumn.

Daily Record

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UK government makes tax cut U-turn after market turmoil

Chancellor Kwasi Kwarteng says controversial proposal to slash top rate of income tax had ‘become a distraction’.

Al Jazeera

Douglas Ross tells Scots Holyrood should have no more powers from Westminster

Ross has criticised Labour for wanting to enhance the Scottish Parliament's responsibilities

Daily Record

Jacob Rees-Mogg to tear up workers’ rights in smaller firms to make economy ‘dynamic’

Threshold for exemption from regulations lifted from 50 to 500 workers – and to include EU ‘retained law’

The Independent UK

“What an absolute s***show": Voters react to government after income tax U-turn

Chancellor Kwasi Kwarteng has confirmed that the cut in the 45p rate of income tax won't go ahead

Manchester Evening News

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What does inflation mean for you?

Cost of living crisis continues to bite as energy bills, fuel and food prices climb

The Independent UK

U.K. government reverses tax cut plans for highest earners after outcry

"We get it, and we have listened," Chancellor Kwasi Kwarteng said.

Axios

Why top Tory Michael Gove insists North East has 'bright future' despite becoming child poverty capital

The former Levelling Up Secretary says the region has grappled with 'historic challenges'

Chronicle Live

UK govt makes humiliating tax cut U-turn

LONDON: The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.

Bangkok Post

Government drops plans for 45p rate tax cut after mounting opposition

Opposition to the plan included several former Ministers and speculation was growing that the Government could be defeated

Chronicle Live

UK's Truss forced into tax U-turn after market turmoil, party rebellion

British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets and a rebellion in her party.

Reuters

Liz Truss scraps controversial 45p tax cut for rich in U-turn after Tory revolt

The humiliated Prime Minister dropped her plans to axe the 45p top Income Tax rate just a day after saying she was "absolutely committed" to it on national TV.

Daily Record

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Evening Standard

UK Chancellor Kwasi Kwarteng in bombshell 45p tax cut U-turn

Kwasi Kwarteng also not ruling out U-turn on bankers bonuses

Insider UK

Chancellor u-turns on scrapping 45p tax rate

The plan had been to axe the 45% rate for earnings over £150,000 and pay for it by borrowing

The Independent UK

Kwarteng abandons 45p tax rate cut after Tory revolt and markets turmoil

’We get it and we have listened,’ chancellor says, in humiliating U-turn that has derailed the Tory conference

The Guardian - UK

UK financial credibility ‘still damaged’ despite 45p tax rate U-turn; factory downturn continues – as it happened

Sterling has recovered its mini-budget losses, but traders and economists warn debacle has hurt UK

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The Guardian - UK

Liz Truss abandons plan to scrap 45p top rate of income tax amid Tory revolt

Government makes U-turn over proposal to abolish top-rate tax cut after growing backlash over mini-budget

Wales Online

Truss and Kwarteng U-turn on plans to abolish 45p rate of tax for the rich - updated

Proposal had proved unpopular during cost of living crisis

Wales Online

Government makes U-turn on mini-Budget income tax pledge

Chancellor Kwasi Kwarteng will no longer be scrapping the 45p rate of income tax

The Guardian - UK

Monday briefing: Bolsonaro is down in Brazil’s election – but not out

In today’s newsletter: Brazilians will go to the polls again after leftist former president Lula won the first vote but failed to secure a majority over far right incumbent

Daily Mirror

Liz Truss and Kwasi Kwarteng SCRAP 45p tax cut for rich in U-turn after Tory mutiny

Chancellor Kwasi Kwarteng made an announcement saying 'we have listened' after a procession of top Tories came out to savage the idea - while benefits look to be cut for the poor

The Guardian - UK

Kwasi Kwarteng ‘to bring forward planned fiscal statement’ in another U-turn – as it happened

Guardian understands chancellor will make statement later this month, rather than in November as originally planned

The Guardian - UK

Food bank near Truss and Kwarteng’s homes says locals need ‘torrent’ of help

Greenwich charity in south-east London admits it will struggle to meet demand without surge in donations

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