The Latest Breaking News from Liz Truss

Mini-budget: lessons from the UK's long history of economic crises

It was a mini-budget with a major impact. Shortly after the UK chancellor announced his plans for a “new era” full of tax cuts, there were dramatic falls in the pound, a nervous response from mortgage lenders and an urgent intervention from the Bank of England.

The Conversation · Oct 3, 2022

Younger voters will never back ‘anti-EU and populist’ Tories, ex-cabinet ministers warn

Michael Heseltine says Brexit will be ’high on the agenda’ if Liz Truss loses general election

The Independent UK · Oct 3, 2022

Truss picked ‘cronies off backbenches’ for cabinet, says Heseltine

Former Tory ‘big beast’ says PM needs to ‘appoint ministers who know what the heck they’re doing’

The Guardian - UK · Oct 3, 2022

Douglas Ross branded 'flip flop' after Scottish Conservatives leader backs U-turn on tax cuts

Douglas Ross was left humiliated after Kwasi Kwarteng reversed a controversial plan to abolish the 45p tax rate for the richest.

Daily Record · Oct 3, 2022

'Liz Truss hasn't just torched her reputation - she's sabotaged her own project'

'It has taken less than 30 days for the Prime Minister to achieve the triple dishonour of being incompetent, uncaring and weak,' writes the Mirror's Jason Beattie

Daily Mirror · Oct 3, 2022

Let Johnson take over to foil leadership ‘conspiracy’, Tory donor tells Truss

Lord Cruddas has suggested a Conservative backbencher ‘cabal’ is working to install Rishi Sunak in No 10.

The Independent UK · Oct 3, 2022

Jacob Rees-Mogg ‘delighted’ to have fracking in his own back garden

Business secretary says he would welcome cash royalties for allowing drilling on his land

The Independent UK · Oct 3, 2022

Truss drops tax cut for top UK earners to fend off rebellion

Prime Minister Liz Truss dropped a plan to cut taxes for the U.K.’s highest earners just 10 days after announcing it, a humiliating reversal designed to fend off a mounting rebellion within her own Conservative Party.

Tribune News Service · Oct 3, 2022

Nadine Dorries suggests Liz Truss should call election as she doesn’t have mandate

The former culture secretary said there is “widespread dismay” that the sale of Channel 4 has been paused under the new Prime Minister

Evening Standard · Oct 3, 2022

UK at ‘significant risk’ of gas supply emergency, Ofgem warns

There is a possibility UK could enter a ‘gas supply emergency’ due to the war in Ukraine, the regulator warned

The Independent UK · Oct 3, 2022