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The Latest Breaking News from Mel Stride

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

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

The Independent UK · Oct 11, 2022

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 · Oct 10, 2022

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

New date of Monday, October 31 announced

Wales Online · Oct 10, 2022

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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 · Oct 10, 2022

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 · Oct 9, 2022

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 · Oct 9, 2022

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 · Oct 9, 2022

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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 · Oct 9, 2022

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

Wales Online · Oct 6, 2022

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 · Oct 5, 2022

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

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

The Independent UK · Oct 4, 2022

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

The Guardian - UK · Oct 4, 2022

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'

Daily Mirror · Oct 4, 2022

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

Wales Online · Oct 4, 2022

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The Guardian - UK · Oct 4, 2022

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 · Oct 3, 2022

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 · Oct 1, 2022

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 · Sep 30, 2022

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

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Daily Mirror · Sep 30, 2022

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

The National (Scotland) · Sep 30, 2022

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…

Manchester Evening News · Sep 30, 2022

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

Evening Standard · Sep 30, 2022

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

The Independent UK · Sep 29, 2022

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 Guardian - UK · Sep 29, 2022

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 Independent UK · Sep 29, 2022

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

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