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The Latest Breaking News from Liz Truss

Liz Truss lays into Rachel Reeves over economy and trip to China

Chancellor faces Tory calls to scrap planned visit to Beijing

The Independent UK

Reeves mulls deeper cuts to public services as borrowing costs soar

Chancellor could slash departmental spending in spring after ruling out tax increase, officials reveal

The Guardian - UK

Cuts, tax rises and doing nothing: Rachel Reeves’ options to tackle economic woe

Labour’s fiscal rules may limit the chancellor’s ability to act, but waiting it out may be the best option

The Guardian - UK

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Rachel Reeves must handle bond sell-off with care, but this is not a Truss-level event

Unlike 2022, bond markets have not been shocked, but the chancellor will know threat of a doom loop is not far away

The Guardian - UK

‘Stop saying I crashed the economy,’ says Liz Truss. Is it possible to gaslight an entire country?

The former PM has sent a cease and desist letter to the current one. Will everyone who thinks she was useless get one next, asks Guardian writer Hugh Muir

The Guardian - UK

PM will not moderate language on Truss despite cease and desist letter – No 10

Downing Street questioned whether Ms Truss would also be writing to ‘millions of people up and down the country’ who shared the Prime Minister’s view.

The Independent UK

The pound has fallen. Should we be worried about the gilt woes?

US treasury yields have been moving firmly higher after reports of resilience in the US economy

The Independent UK

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What is behind the gilt woes and should we be worried?

The pound has fallen to its lowest level for more than a year amid a sell-off in the gilt market.

Evening Standard

Labour vows not to ‘cease and desist from truth’ despite Truss lawyers’ demand

Lawyers for Liz Truss have sent a letter to Sir Keir Starmer about ‘false and defamatory public statements’ made about their client.

Evening Standard

Mortgages 'to rise' after Pound hits year low and borrowing costs soar in treble blow to Rachel Reeves

The Chancellor may have to scale back public spending or raise taxes again, economists are warning

Evening Standard

Liz Truss sends legal letter ordering Starmer to stop saying she crashed economy

‘Cease and desist’ letter accuses PM of harming her reputation and contributing to her losing her seat

The Guardian - UK

Liz Truss sends Keir Starmer cease and desist letter over 'crashed the economy' claim

Lawyers representing Liz Truss have sent a cease and desist letter to Sir Keir Starmer asking him to stop saying the former prime minister crashed…

The National (Scotland)

Liz Truss sends Starmer cease and desist letter over claims she crashed economy

The letter claims that suggestions she ‘crashed’ the economy are ‘false and misleading’.

Evening Standard

Pound dips to 14-month low as bond sell-off piles pressure on Rachel Reeves

Sterling extends losses against US dollar before easing to half a cent down after Treasury calms market jitters

The Guardian - UK

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The Independent UK

Truss sends cease and desist to Starmer demanding he stop saying she crashed the economy

Downing Street said the prime minister ‘absolutely stands by’ his comments on the previous government’s record

The Guardian - UK

Bond market turmoil eases as Treasury minister says ‘no need’ for government intervention – as it happened

Lib Dems say chancellor should stay and make emergency fiscal statement and also cancel planned national insurance hike

The Guardian - UK

Rachel Reeves says she has ‘iron grip’ on finances as borrowing costs surge

Treasury issues rare second statement in two days after sell-off leaves 10-year bonds at highest level since 2008

The Guardian - UK

The spiralling cost of borrowing spells trouble for Rachel Reeves – but she must hold her nerve

There is no need to panic: the government’s overall fiscal strategy is the right one. Spending cuts would be a mistake, says Jonathan Portes, a professor at King’s College London

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The Guardian - UK

Why rising bond yields are rattling Rachel Reeves

Chancellor in danger of breaking fiscal rules after cost of servicing UK 10-year debt rises to highest level since 2008

The Guardian - UK

Rise in UK borrowing costs could push Reeves to new public spending cuts

Analysts say costs hitting highest level since 1998 risks wiping out almost all of chancellor’s £10bn buffer

The National (Scotland)

Disturbing footage shows senior Tories laughing at 'Nazi' jokes in members' club

GUESTS at a Tory private member’s club have been caught laughing at Nazi jokes with the host singing “we’re all racist now” in a disturbing…

The Independent UK

Economists warn Treasury is likely to raise taxes even further this year

Almost 100 experts expect a low rate of economic growth this year

The Independent UK

Voters dub Keir Starmer’s government ‘incompetent’ and ‘dishonest’ in shock new poll

In his new year message the Labour leader admitted there is ‘so much more’ to do after difficult first six months in No 10

The Guardian - UK

Across the west, the centre right is collapsing – and with it, any notion of what is ‘too extreme’

So-called moderates are mimicking populist demagogues, with potentially disastrous consequences, says Guardian columnist Owen Jones

The Guardian - UK

You Can’t Please All: Memoirs 1980-2024 by Tariq Ali review – an exasperating entertainment

The leftwing intellectual may be a master of self-justification, but in this book he is clever, cultured and good company

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