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The Latest Breaking News from Liz Truss

Voting closes in contest to lead UK Conservative Party as it seeks to rebound from defeat

Voting has closed in contest to lead Britain’s Conservative Party after its crushing election defeat

The Independent UK

UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likely

The Guardian - UK

Budget ‘biggest-ever assault’ on competitiveness, says former chancellor Hunt

The Conservative shadow chancellor opened a Commons Budget debate on Thursday.

Evening Standard

From analysis to the latest developments in health,
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Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

The Independent UK

Post-budget sell-off of government bonds by worried City traders intensifies, pushing up UK borrowing costs – as it happened

Institute for Fiscal Studies says increasing borrowing to fund investment ‘right thing to do’

The Guardian - UK

Budget 2024: What will it mean for my mortgage?

The general recent trend for mortgage rates has been downward following the highs experienced two years ago in the wake of former prime minister Liz Truss’s disastrous mini-Budget

The Independent UK

Hunt accused of trying to ‘blame the referee’ over OBR ‘black hole’ review

Tory former chancellor Jeremy Hunt has written to the UK’s top civil servant about an Office for Budget Responsibility review of his spending plans.

The Independent UK

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Hard-hit Defra to have budget slashed further despite warnings

Department’s finances were slashed during austerity and campaigners say more cuts will stall progress to meet nature and climate targets

The Guardian - UK

Farage and Reform ‘not the cause of Tory problems, but a symptom’, says Badenoch – as it happened

The Tory leadership candidate says the party churned out a laundry-list of promises instead of listening to members

The Guardian - UK

Will bond vigilantes punish Rachel Reeves with a Truss-style market meltdown?

10-year gilt yields have risen in the past month but are within the range of other pre-budget periods

The Guardian - UK

Keir Starmer warns the UK budget this week will reflect 'harsh' economic reality

British Prime Minister Keir Starmer says fixing Britain’s troubled economy will be a long haul in a “harsh” fiscal environment

The Independent UK

Keir Starmer denies fiscal fiddling will trigger Truss-style mortgage hikes

KEIR Starmer has said he does “not accept” that Labour efforts to fiddle borrowing rules will result in Liz Truss-style mortgage hikes.

The National (Scotland)

From tax cuts to breaking the economy: five UK budgets that made a difference

As Rachel Reeves prepares to unveil her measures, we look at how five of her predecessors broke the mould

The Guardian - UK

Novelist Jonathan Coe: ‘Liz Truss was very unimpressed to meet me’

His new novel is set during the former PM’s brief premiership, so what happened when they had dinner? The author on politics, cosy crime and bingeing Friends

The Guardian - UK

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Evening Standard

Budget 2024: Homeowners 'to be hit with high mortgage bills for longer' as Rachel Reeves borrows billions

The Chancellor is also set to announce a string of tax rises in the Budget on October 30

Evening Standard

If the Budget can increase the size of the economic pie then we will all be better off

A big feature of the Budget will be an increase in public investment, perhaps by around £18bn, paid for by a rise in public borrowing

The Guardian - UK

What the Dickens is Robert Jenrick trying to tell us?

The Tory leadership contender’s assertion that the last book he read was A Tale of Two Cities is open to several interpretations

The Guardian - UK

Rachel Reeves won’t be loved for a tough budget. Her best hope is to earn respect

Labour nerves are jangling in advance of the most significant event since the election

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The Guardian - UK

Treasury installs ‘guard rails’ to avoid Liz Truss-style budget meltdown

Rachel Reeves is to seek advice from City experts to ensure big projects’ value for money and reassure markets

The Independent UK

Kemi Badenoch says her first act as prime minister would be to restore tax breaks for private schools

Ms Badenoch told Tory members to ‘stop blaming Brexit for all our problems’ and added Reform leader Nigel Farage would not be welcome in the party

The Guardian - UK

Tory debate takeaways: a clash of styles, a tame format and a win for Badenoch

Kemi Badenoch and Robert Jenrick took questions from Conservative party members on Thursday night

The Guardian - UK

Half of Tory councillors do not believe Jenrick or Badenoch can win next election

Poll finds 15% not planning to vote in leadership contest – far more than in Truss v Sunak contest in 2022

The Independent UK

Liz Truss’ think tank publicly shames Kemi Badenoch for not answering questions

Liz Truss’s think tank Popcon asked the two Tory leadership finalists 12 questions - but only one of them answered

The Guardian - UK

No matter who Tory members choose, the party has a mountain to climb in 2029

The candidates each garnered about a third of fellow MPs’ votes, but the fracturing of British politics presents bigger problems, says Conservative peer Paul Goodman

Crikey

Parliament feeds endless election speculation

The release of the parliamentary calendar for 2025 shows when we might expect the next federal election, and social media companies could escape a youth ban if they can provide a ‘low-risk’ platform.

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