The Latest Breaking News from Liz Truss

Brexiteer MP overheard talking about markets on night of 2016 referendum vote

The pound has hit a record low after sweeping tax cuts were announced by the chancellor on Friday. Here we explain some of the reasons behind the fall and how it affects households and businesses across the country

Downing Street says Mark Fullbrook will go on special advisor contract to end ‘ongoing speculation’

In today’s newsletter: The Guardian’s special correspondent Heather Stewart talks us through the best, worst and most likely result of another chaotic day in the money markets

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, held telephone talks on Monday with British Prime Minister Liz Truss. Discussions focused on developing relations between Saudi Arabia and Britain as part of their strategic partnership council. Crown Prince Mohammed offered his condolences to Truss over…

I wouldn’t vote for her if I were on fire, but I’m in nauseated awe of what it must take for a woman to succeed among hard-right conservatives

In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity, says Adam Tooze, an economic historian at Columbia University

The previous arrangement drew accusations of renewed ‘Tory sleaze’ from opposition parties.

Global stock markets are tanking on fears of recessions in the US, the UK and Europe, and the OECD is actually forecasting recessions in Europe.

Record View says Nicola Sturgeon was right when she angrily denounced the Tory tax cuts for the richest yesterday.

Starmer will use his conference speech today to drive home the message that the Tories cannot be trusted to run the economy.