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The Latest Breaking News from Mel Stride

PM and Chancellor to meet budget watchdog boss as market turmoil continues

THE embattled Prime Minister and her Chancellor will meet with the head of the Office of Budget Responsibility on Friday, in the latest effort by…

The National (Scotland)

Liz Truss to hold emergency talks with budget watchdog amid market turmoil

The Prime Minister and the Chancellor will meet with the head of the Office of Budget Responsibility today

Manchester Evening News

Liz Truss and Kwasi Kwarteng promise to work ‘closely’ with OBR after meeting amid market turmoil

The Prime Minister and Chancellor will “work closely” with the Office for Budget Responsibility in the coming weeks, the Treasury said

Evening Standard

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Bombshell polls throw massive question mark over Liz Truss’s future as PM

Tory meltdown after ‘unforced error’ Budget gifts Keir Starmer leads of up to 33 points

The Independent UK

Treasury watchdog to ask Kwarteng to hand over growth forecasts

Tory chair Mel Stride says committee needs to hear how chancellor will boost growth, and suggests one option might be via immigration

The Guardian - UK

Liz Truss warned businesses will ‘go on strike’ by halting investment without clear plan

Companies ‘won’t invest until they see some clarity’, says business chief Martin Sorrell

The Independent UK

Ministers could scrap inflation-linked benefits rise amid economic turmoil

Treasury minister Chris Philp has refused to commit to an expected uprating of benefits in line with inflation

Wales Online

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Where is Liz Truss? PM 'missing' as UK descends into chaos after disastrous mini-budget

Liz Truss, who has not spoken in public for a week, is finally breaking cover on Friday morning after the Tories' disastrous mini-budget announcement spooked markets

Daily Mirror

Letters of no confidence in Liz Truss 'already being put in' by Tory MPs

It comes as the pound has hit an all-time low against the US dollar

Wales Online

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

The Guardian - UK

Silencing mini-budget analysis will not help Truss woo the markets

Government needs independent verification of policies if it is to win vital finance sector confidence

The Guardian - UK

Cost to taxpayer of Truss’s £100bn energy package has escaped scrutiny

MPs had no chance to question Jacob Rees-Mogg’s announcement and there is no one marking Kwasi Kwarteng’s homework

The Guardian - UK

Kwasi Kwarteng refuses to let OBR release forecasts with mini-budget

Tory chair of Treasury committee says assessments on economic impact of planned tax cuts vital to provide reassurance to markets

The Guardian - UK

MPs demand economic forecast alongside Kwarteng’s mini-budget

The Tory chairman of the Treasury Committee said such data is needed to ‘provide reassurance and confidence to international markets and investors’.

The Independent UK

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The Guardian - UK

Economic watchdog confirms it could scrutinise Truss’s cost of living plans

MPs say it is vital tax and spending measures proposed by potential new prime minister are examined by OBR

The Independent UK

Fiscal watchdog ready to publish forecast for new PM’s spending plans

The OBR’s confirmation puts the new government in the position of having to formally reject its offer.

The Guardian - UK

Kwasi Kwarteng’s opaque stance on BT ownership is not helping

The company really does not need to take an excursion into high-leverage financial engineering

The Guardian - UK

Rishi Sunak attacks Liz Truss’s plans to curb Bank of England’s independence

Former chancellor says rival’s economic proposals could ‘spook international investors’

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The Guardian - UK

New PM’s spending plans must face scrutiny, says Treasury committee chair

Mel Stride says OBR must provide fiscal forecasts as Liz Truss urged to ‘come clean’ on promised tax cuts

The Independent UK

Treasury told to reveal if it is preparing for Liz Truss’s crisis budget in scrutiny row

Senior Tory says chancellor must help watchdog ‘publish independent forecast’ on economic impact of huge tax cuts

The Independent UK

Truss sets out growth plan for West Midlands ahead of Tory leadership hustings

Liz Truss and Rishi Sunak will once again be put to the test by party members during a two-hour event in Birmingham.

Evening Standard

Liz Truss and Rishi Sunak supporters go to war over ‘flip flop’ tax promises

Senior Tory MP Sir John Redwood has accused the former chancellor of flip-flopping over tax cuts that he once said were unaffordable

The Independent UK

Truss accused of bypassing scrutiny over Budget

Critics warn next PM would be ‘flying blind’

The Independent UK

Truss told to be transparent over her plans for emergency cost-of-living budget

In the final fortnight of the leadership contest supporters of Rishi Sunak have seized on his opponent’s plans for an emergency budget.

The National (Scotland)

See how much your mortgage would rise if Liz Truss becomes PM, according to Sunak

IF Liz Truss becomes prime minister, homeowners in the UK could face a steep rise in their mortgage payments, Rishi Sunak has claimed.

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