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The Latest Breaking News from Mel Stride

Liz Truss under mounting pressure to make further tax cuts U-turn

Senior Tory suggests ‘further row back on the tax package’ needed to calm financial markets after PM rules out public spending cuts

Evening Standard

Liz Truss faces revolt as angry Tory MPs demand U-turns on tax plans

Prime minister accused of ‘trashing 10 years of conservatism’ by angry MP

The Independent UK

Top Tory warns tax cuts U-turn WILL happen as 'pyromaniac' government refuse to back down

Mel Stride, who chairs the influential Treasury Select Committee, says he is among those who expects Chancellor Kwasi Kwarteng will have to row back further when he announces full financial plans

Daily Mirror

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Kwasi Kwarteng’s ‘original sin’ caused UK turmoil, says ex-Bank of England deputy

Sir Charlie Bean says Bank could extend emergency action to ease ‘pressure’ on government

The Independent UK

Jacob Rees-Mogg claims parts of economy in ‘good state’ and insists pensions safe

Cabinet minister clashes with BBC host – and reveals his own mortgage payments have gone up

The Independent UK

No UK benefits decision until end of October, says chancellor

Kwasi Kwarteng accused of compounding anxiety as he says announcement on uprating benefits will come in Halloween fiscal statement

The Guardian - UK

Bank of England forced to boost bond-buying scheme amid market turmoil

‘Material risk to UK financial stability’, warns central bank

The Independent UK

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Chancellor bows to pressure again and brings forward his fiscal plan to Halloween

Kwasi Kwarteng will set out his economic plans on October 31 following a U-turn

Manchester Evening News

Kwasi Kwarteng U-turns and agrees to Halloween publication of economic vision

New date of Monday, October 31 announced

Wales Online

Kwasi Kwarteng will bring forward fiscal plan to Halloween in another U-turn

Chancellor bows to pressure after senior Tories called on him to reassure spooked markets

The Independent UK

Truss tells Tory rebels she’s ‘ready to listen’ in row over benefits

Speculation grows PM is getting ready to give in to Cabinet pressure to increase benefits in line with inflation

The Independent UK

Tory MPs are plotting with Labour to ‘block benefits cuts’, shadow minister reveals

Jonathan Ashworth says unhappy Tories have ‘reached out’ to find way to block below-inflation rises

The Independent UK

Nadine Dorries warns fellow Tories of ‘complete wipeout’ in early general election

Former culture secretary says Boris Johnson’s return cannot be ruled out but is ‘extremely unlikely’

The Independent UK

Truss and Kwarteng will face fury of Tory MPs in week of crisis meetings

The PM and chancellor will try to stop panic spreading through the party after their high-risk economic plan threatens a ‘death spiral’

The Guardian - UK

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Wales Online

UK pension schemes were at risk of collapse in 'unprecedented' impact of budget

The Bank of England has written to the Government explaining why it intervened after market instability

The Independent UK

Fresh confusion as foreign secretary can’t say when Kwarteng fiscal plan will come

Cabinet minister can say ‘exactly’ when crucial borrowing details will be set out amid uncertainty

The Independent UK

Kwarteng U-turn on statement timing ‘could ease mortgage pain for millions’

Senior Tory says watchdog report will influence crucial rate-setting meeting

The Guardian - UK

Kwarteng bringing forward debt plan could calm markets, says top Tory MP

Mel Stride, chair of Treasury committee, says move could also mean smaller interest rate rises

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news in one place.

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Daily Mirror

Defiant Liz Truss faces full-scale Tory revolt as she plots to cut benefits for poor

One Nation Tory Damian Green said Liz Truss would 'probably not' get benefit cuts through Parliament - as even serving minister Penny Mordaunt warned she must not 'help people with one hand and take away with another'

Wales Online

Row over Universal Credit and other DWP benefits amid fears of Liz Truss cut

Ms Truss and Kwasi Kwarteng may announce a real-terms cut in benefits

The Guardian - UK

Pound at two-week high as FTSE 100 posts best day since June – as it happened

Chancellor denies reports that he will bring his medium-term fiscal plans forward to this month, despite pressure from markets and MPs

Evening Standard

Tory rebel Grant Shapps says Liz Truss has admitted that she rushed into tax cut

Tory rebel Grant Shapps insisted on Monday that he did not want Liz Truss to be toppled as Prime Minister after the humiliating U-turn over the top rate of tax.

The Independent UK

Warning to Kwarteng that delay in releasing plans could mean mortgage pain for millions

Senior Tory urges chancellor to bring forward 23 November fiscal statement to this month

The Independent UK

Kwasi Kwarteng to keep expert OBR Budget verdict secret for nearly two months

Chancellor resists calls for ‘reset moment’ for economy despite OBR promising forecast next Friday

Daily Mirror

Top Tory bizarrely claims mini-Budget 'so detailed' it couldn't be assessed by watchdog

Treasury Minister Andrew Griffith suggested the Office for Budget Responsibility would have struggled to get through the 40-page document in time - directly contradicting the watchdog

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