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The Latest Breaking News from Liz Truss

Former PM Liz Truss has claimed that widely-ridiculed mini-Budget 'may pay off in the long term'

The PM lasted 49 days in office after so-called 'mini-Budget' spooked markets and set mortgages soaring

Manchester Evening News

'It's a long game': Liz Truss STILL stands by her economic strategy

LIZ Truss appeared to suggest her mini-budget may have paid off long-term as her newly-convened taskforce warned that the UK risks lagging behind…

The National (Scotland)

Liz Truss suggests mini-budget may have paid off long-term

Britain’s shortest-serving prime minister was speaking at the launch of the Growth Commission taskforce of economists.

The Independent UK

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OPINION - These mortgage rises spell one thing for the Tory party: doom

Until recently, if you asked me who would win the next general election, even after partygate, I would have reluctantly said the Tories — as they are hardwired to pursue, acquire and retain power.

Evening Standard

£500 a month rise in mortgage payments for 1 million households by 2026, Bank of England warns

The average household will see their monthly interest payments go up by about £220 if they are refinancing during the second half of this year

The Independent UK

Truss’s taskforce claims average Briton £10,000 worse off than US counterpart

The Growth Commission launched on Wednesday, suggested ‘consistent growth levels’ of 3% by 2040 are achievable.

The Independent UK

Scots face highest mortgage rates since global financial crisis

The average two-year fixed-rate residential mortgage is even higher than it was after Liz Truss' disastrous mini-budget.

Daily Record

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Average two-year mortgage rates at 15-year high as lenders are quizzed by MPs

Bank and building society bosses appeared before the Treasury Committee on Tuesday, to explain what they are doing to support struggling customers.

The Independent UK

Mortgage rates soar again to surpass Liz Truss mini-Budget peak

‘Personal hell’ for homewners as average two-year deal reach 6.66 per cent – rates not seen since 2008 banking crash

The Independent UK

Mortgage rates could surpass mini-Budget peak to hit 15-year high, experts warn

Two-year fixed-rate residential mortgage reaches 6.63 per cent on Monday

The Independent UK

Labour ‘confident’ of hitting £28bn green pledge after U-turn criticisms

Rachel Reeves argued that the financial situation had worsened since making the commitment following Liz Truss’s disastrous mini-budget.

The Independent UK

Comedian blasts Tories amid fears he'll lose his house as mortgage doubles

Adrian Thompson, who presents the Aid Thompsin and Other Disappointments podcast, hit out at the government amid rising interest rates.

Daily Record

If Threads is the final nail in Twitter’s coffin, where will the journalists and politicos go?

Elon Musk is wrecking his platform, but it has invented a medium for catchy soundbites that is too invaluable to lose

The Guardian - UK

Missions v priorities: how Starmer’s policy goals compare with Sunak’s

As the Labour leader completes his key pledges, we compare them with the prime minister’s – and assess how firm they are

The Guardian - UK

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The Independent UK

Labour tells Jeremy Hunt his advisers must not undermine Bank of England

Exclusive: Members of Mr Hunt’s Economic Advisory Council said the Bank had ‘tried to be too cute’ by not being clear enough on the need for interest rates hikes

Daily Record

SNP MP's request for disastrous Tory mini-budget forecast to be released is upheld

Exclusive: Stuart McDonald's request for the economic watchdog to share the draft forecast it sent to Kwasi Kwarteng ahead of his mini-budget was upheld.

The Independent UK

PM has not seen ‘rejected’ Home Office emergency migration brake paper – No 10

The plans designed to curb the numbers arriving into the UK were reportedly dismissed by former prime minister Liz Truss.

Daily Mirror

Tories 'could be reduced to less than 100 seats for first time in 345 year history'

A new Calculus poll suggests that any gains made by the PM after Liz Truss's disastrous spell in charge have been wiped out, with Labour recording a 21 point lead as Tories turn on Rishi Sunak

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Evening Standard

Liz Truss is a figure of fun at Westminster’s biggest party

Also at the Spectator summer party: Suella Braverman’s summer plans, Labour beef and the future of the magazine itself

The Guardian - UK

Get ready for a reprise of the Enemies of the People show: it’s all Sunak has got left

Their plans in disarray, the Tories will fight the next election pointing blame yet again at judges, clerics and ‘leftie lawyers’, says Guardian columnist Martin Kettle

The Independent UK

UK mortgage rates spike to highest level since Truss tax plan spooked markets

Homeowners and renters in the U.K. are facing further grim news as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors

Daily Mirror

7 highlights from Rishi Sunak mega-grilling on small boats, cost of living and inflation

The PM often looked uncomfortable as he was quizzed by senior backbenchers on issues such as a rise in migrant crossings by small boat across the Channel, the cost of living crisis and inflation

Daily Mirror

Rishi Sunak hints he could rubber-stamp 49-day PM Liz Truss's resignation honours list

The Prime Minister also awkwardly laughed off a question over whether he would issue his own peerages and gongs to allies if he is ousted from No10 at the next general election

Manchester Evening News

The average five-year fixed mortgage hits six per cent as Bank of England squeezes would-be housebuyers

Interest rate hits worst levels since Liz Truss' implosive 'mini budget' last year

Evening Standard

Comedian Joe Lycett on his ‘panic attack’ after heckling Liz Truss on the BBC

Lycett was later proud of his stunt

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