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The Latest Breaking News from Liz Truss

'He has to go': Scottish Greens and SNP slam Chancellor's dramatic U-turn

THE Scottish Greens have said that Chancellor Kwasi Kwarteng “has no option but to go” following a U-turn on his plan to scrap the 45p tax rate…

The National (Scotland)

Dad-of-eight with pregnant cancer-stricken wife gives up hot dinners to pay bills

Mark Skelly's income is set to fall by 30% while the cost of living continues to rise as he takes time off work to care for his pregnant wife who is suffering with breast cancer.

Daily Record

All the times Truss and Kwarteng said they wouldn't U-turn on tax cut as credibility shot

We've rounded up 16 times in just over a week that Liz Truss and Kwasi Kwarteng beat the drum for their 45p Income Tax rate cut for the rich

Daily Mirror

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UK scraps tax cut for wealthy that sparked market turmoil

The British government has dropped plans to cut income tax for top earners

The Independent UK

Truss economic plans remain ‘unsustainable’ despite humiliating U-turn on 45p tax rate

Reverse on giveaway to highest earners is ‘trivial’ in economic terms

The Independent UK

Nicola Sturgeon accuses Tories of 'utter ineptitude' after Liz Truss u-turn on top tax rate

The U-turn was confirmed at 8am despite Liz Truss declaring yesterday she would not change her party's controversial economic policies.

Daily Record

Tax U-turn wins Truss some time but damage to credibility remains

PM said she was prepared to make unpopular decisions – but then buckled, so now she will be seen as both unpopular and wrong

The Guardian - UK

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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

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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The Independent UK

What does inflation mean for you?

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

Axios

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

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

Chronicle Live

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'

Bangkok Post

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.

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Chronicle Live

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

Reuters

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.

Daily Record

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.

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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