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The Latest Breaking News from Liz Truss

Truss and Kwarteng take just five days to show Tories can't be trusted with our money

Record View says the Chancellor should be sacked immediately if the economy is to survive another pummelling after he gambled with all our futures.

Daily Record

Ministers could scrap inflation-linked benefits rise amid economic turmoil

Treasury minister Chris Philp has refused to commit to an expected uprating of benefits in line with inflation

Wales Online

London renters in leakiest homes face £1,000 premium on energy bills

Exclusive: Sadiq Khan demands rent freeze, as new research shows tenants in most poorly-insulated homes will pay extra £947 a year

The Independent UK

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Cabinet minister urges people to remain ‘calm’ amid mini-budget turmoil

Welsh Secretary Robert Buckland has stood by the Chancellor’s economic plans, saying it is time to be ‘bold’.

The Independent UK

Treasury minister says ‘we’ll press ahead with tax cuts’ as Tory backlash grows amid market turmoil

Cabinet ministers ‘to be told to make efficiency savings’ amid growing Tory backlash over mini-Budget chaos

Evening Standard

Labour Party in high spirits as conference comes to a close

Ashton-Under-Lyne MP closed the conference with a scathing shut down of the Conservatives record.

Manchester Evening News

Are Labour actually ready to rule - or will Tory incompetence put them in No 10?

KEIR Starmer is clearly emboldened by a largely uncontroversial Labour Party conference and the financial chaos being reaped by the Tory…

The National (Scotland)

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Bank of England in £65bn scramble to avert financial crisis

Bank of England left with no action but to intervene after Kwasi Kwarteng’s mini-budget

The Guardian - UK

Dangerous NHS England hospital roofs ‘will not be fixed until 2035’

FoI request reveals long wait to repair roofs at risk of collapse, including those affecting Truss and Coffey constituents

The Guardian - UK

No Margaret Thatcher? UK PM Truss's tax cuts trigger market mayhem

There's a run on the pound and panic in the markets over the UK's biggest tax cut for the rich in half a century. New Prime Minister Liz Truss is taking the concept of "going for broke" to a whole new level, with an almighty gamble that the deficit will…

France 24

Calls for Truss to ‘come out of hiding’ as Bank fights turmoil caused by mini-Budget

‘Inept madness’: Tory MPs fear chancellor’s ‘growth plan’ may cost them next election

The Independent UK

The Guardian view on the financial crisis: a meltdown made in Downing Street

Editorial: Liz Truss’s first big policy has been shot down by financial markets – and her economic credibility shredded

The Guardian - UK

Tory MPs tell Truss: sack Kwarteng or face mutiny

MPs express disbelief over sterling slump as privately some fear PM’s government is ‘dead on arrival’

The Guardian - UK

Britain’s trickle-down budget idiocy offers a clear lesson for Australia on our stage 3 tax cuts

The stage 3 tax cuts were always the worst policy, but now they are being done at the worst time

The Guardian - AU

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The Guardian - UK

This is Truss and Kwarteng’s crisis, not yours – but you’re already a lot poorer because of them

In 25 years of reporting, I have never seen a financial crisis so utterly avoidable, and dragging so much human misery in tow, says Guardian columnist Aditya Chakrabortty

Daily Mirror

Western leaders fear Putin planning deadly strike to turn war in Russia's favour

Vladimir Putin is feared to be preparing a strike inside Ukraine or an attack against the West, possibly in the form of maritime communications cables and cyber war

The National (Scotland)

Liz Truss 'may have aimed for economic crisis to prepare NHS for privatisation'

IT is “entirely plausible” that Liz Truss’s Tory government intended to create a financial crisis in order to prepare public services such as…

Daily Mirror

Where is Liz Truss? PM 'missing' as UK descends into chaos after disastrous mini-budget

Liz Truss, who has not spoken in public for a week, is finally breaking cover on Friday morning after the Tories' disastrous mini-budget announcement spooked markets

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The Independent UK

Salma al-Shehab: UK academics urge government to act over Leeds student jailed in Saudi Arabia

‘Salma should be looking forward to the new academic year instead of languishing behind bars,’ open letter says

The Independent UK

Economic storm tests UK's new leader, alarms Conservatives

Britain’s new Prime Minister Liz Truss is under pressure to reverse announced tax cuts that have triggered a financial crisis in an already struggling economy

The National (Scotland)

Zelenskyy asks for more money in Liz Truss call amid UK economic panic

Numerous politicians have called for the Prime Minister to come out of hiding and address the financial crisis caused by her Chancellor's budget

Wales Online

Divisions emerge in Tory party amid market chaos after 'inept' mini-budget

'There's a lot of concern within the parliamentary party, there's no doubt about that'

Reuters

UK tells Ukraine it will never recognise Russian attempts to annex territory

Prime Minister Liz Truss told Ukrainian President Volodymyr Zelenskiy on Wednesday that Britain would never recognise Russian attempts to annex its territory, a spokesperson for her office said following a call between the pair.

Radio France Internationale

Britain returns to its unusual business after Queen Elizabeth's death

"Look at all them people who want to go in there," said a boy as he passed by the iron railings bordering a well-kempt bright green lawn in Parliament Square.

Daily Record

Finance crisis - UK pension funds were on verge of being wiped out today by Kwasi Kwarteng budget

Reports have emerged that the Bank of England emergency intervention in the money markets was sparked by fears there would be an unprecedented run that would have left pension funds insolvent.

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