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The Latest Breaking News from Liz Truss

'Reckless and irresponsible' – North East Labour MPs' tax cut fury after mini-budget 'for the rich'

Chancellor Kwasi Kwarteng announced a huge set of measures on Friday, including abolishing the top rate of income tax for high earners, which will be funded by more than £70bn of borrowing

Chronicle Live

Time is against Liz Truss as she bets big on plan to turn economy around

With an election two years away, failure could shred the Tories’ economic credibility

The Guardian - UK

Truss axes national security council, sparking ‘talking-shop’ concerns

Labour says new merged foreign policy council could reduce Whitehall policy-makers’ focus on security

The Guardian - UK

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The Mancunian Way: The Bankers' Budget

Read the Mancunian Way newsletter for Friday September 23, 2022.

Manchester Evening News

Devastating graph shows poorest in UK get NOTHING from Tory tax cut plans as rich get richer

How much will the worst-off get from Kwasi Kwarteng mini-budget tax cut plans?

The National (Scotland)

Body designed to make UK a 'science superpower' abolished by Liz Truss

A MINISTERIAL body intended to accelerate scientific research in the UK appears to have been scrapped barely a year after it was set up.

The National (Scotland)

Liz Truss and Kwasi Kwarteng have made a declaration of class war

This unofficial budget is morally indefensible, economically reckless and so risky it suggests a political death wish, says Guardian columnist Jonathan Freedland

The Guardian - UK

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Liz Truss faces questions over Foreign Office spending

Data shows Foreign Office spending was up by 45% on items ranging from dining, wallpaper and Norwich City

The Guardian - UK

Five ways Liz Truss has already ripped up the rulebook as Tory PM

New occupant of No 10 has wasted no time in distinguishing her administration from the past 12 years of Conservative government

The Guardian - UK

Kwasi Kwarteng vows to speed up Northern Powerhouse Rail and a host of Manchester road and rail schemes

Chancellor's promise to cut red tape could mean work starts on big infrastructure projects by next year

Manchester Evening News

Prime Minister scraps science policy body in cabinet shake-up

The number of cabinet committees has been slimmed down from 20 to just six, with the National Science and Technology Council among those abolished.

The Independent UK

The big gamble on tax cuts for the rich that could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses The scale and the brashness of the Tory tax-cutting budget is staggering and Scotland will not be protected from global forces that could be unleashed by massive Treasury borrowing.

Daily Record

ScotRail warn of ‘significant disruption’ next month as staff set to strike over pay dispute

Members of the Rail, Maritime and Transport union (RMT) will walk out on October 10 in a dispute over pay, it has been announced.

Daily Record

Mini budget: will Kwasi Kwarteng's plan deliver growth?

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

The Conversation

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The Guardian - UK

Tory backbenchers despair at ‘toxic’ mini-budget

Divisions of leadership contest return to the fore as some MPs criticise extra borrowing to pay for tax cuts

Daily Mirror

All the ways mini-Budget hands thousands to the rich - and pennies to the poor

This is a Budget for the rich - with £1m earners getting £55,000 while £25k earners get £283. We take you through all the ways the Income Tax, National Insurance, Stamp Duty and other tax cuts help the better-off

The Guardian - UK

Social mobility tsar casts doubt over grammar school revival in England

Katharine Birbalsingh says disadvantaged pupils with few resources struggle to win places

The Guardian - UK

Banks among biggest beneficiaries of Kwarteng’s mini-budget

From scrapping the cap on bonuses to slashing red tape, the chancellor unveils a raft of policies he says will boost economic growth

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Evening Standard

Chancellor’s economic plans will reward ‘already wealthy’, warns Rachel Reeves

Liz Truss and Kwasi Kwarteng are two “desperate gamblers chasing a losing run” with an economic plan rewarding the “already wealthy”, according to shadow chancellor Rachel Reeves. The Labour frontbencher took aim at the Prime Minister and Chancellor as she warned the Government has served up a “menu without prices”,…

Daily Mirror

11 nasty details in the small print of 'Robin Hood in reverse' mini-Budget

Tax cuts for the rich, no limits on bankers bonuses and tougher benefit sanctions - funded by a £70billion Government borrowing spree. We've trawled through the documents to find all the unfortunate details in Kwasi Kwarteng's mini-Budget

Manchester Evening News

Local Conservative MPs back mini-budget tax cut plans despite fierce criticism

Tory MPs from across Greater Manchester have backed the plans that hope to deliver economic growth.

Daily Record

Bin strikes in Scotland called off after GMB union agrees pay deal for council workers

EXCLUSIVE: The GMB union has revealed its members gave a thumbs-up to the offer after a ballot.

The Guardian - UK

This ‘mini-budget’ is a naked exercise in redistributing wealth upwards

Kwarteng’s borrowing spree will have ugly economic consequences, says Michael Jacobs of Sheffield University

The Independent UK

Trussonomics: Chancellor’s budget marks sharp break in economic policy

The Prime Minister sat nodding approvingly behind Kwasi Kwarteng as the Chancellor announced a multi-billion pound package of tax cuts.

The Guardian - UK

‘Right place at the right time’: freeports model gives fillip to St Helens regeneration scheme

Parkside project conceived almost a decade ago is among hundreds poised to benefit from tax cuts and other incentives

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