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The Latest Breaking News from Jeremy Hunt

Jeremy Hunt says taxes will rise and ‘difficult’ cuts are needed after mini-Budget ‘mistakes’

Also refused to commit to PM’s pledged 1p cut in income tax and to raise defence spending to 3 per cent

The Independent UK

Scrambling Jeremy Hunt says Truss government made mistakes - and some taxes WILL rise

Jeremy Hunt, who replaced sacked Kwasi Kwarteng as Chancellor on Friday, said in his first interview in the role "mistakes had been made" and warned of a challenging situation to come

Daily Mirror

Jeremy Hunt says mistakes made and taxes set to rise as Bank warns of ‘strong response’ to inflation – as it happened

Chancellor says ‘difficult decisions’ ahead with some departments needing to find savings and some taxes set to rise

The Guardian - UK

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London politics latest news LIVE: Jeremy Hunt held ‘meeting of minds’ with Andrew Bailey on economy

The Bank of England Governor said the pair discussed ‘fiscal responsibility’

Evening Standard

Jeremy Hunt may still have to find £40bn of cuts as chancellor, say experts

Kwarteng’s replacement is warned of inflation impact, crumbling services and financial ‘black hole’ that he has two weeks to fill

The Guardian - UK

‘Time’s up’: what the papers say about Liz Truss and her fight to stay prime minister

Turmoil in Tory party takes centre stage after unconvincing moves by an unrepentant Truss to fix her policy crisis

The Guardian - AU

Liz Truss fighting to stay in power following chaotic day in Westminster

It comes after she sacked her chancellor and ditched a major chunk of her mini-budget

Wales Online

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Liz Truss could be out of No 10 in DAYS as government implodes and Tories plot

Liz Truss is now desperately clinging to power as her own MPs attempt to find a replacement for the PM, who some describe has made the party a 'laughing stock'

Daily Mirror

Kwasi Kwarteng: only a desperate prime minister sacks a chancellor

Having seen her government’s popularity plummet just weeks after taking office, British prime minister Liz Truss has sacked her chancellor of the exchequer, Kwasi Kwarteng in a bid to save herself. Kwarteng, widely seen as Truss’s right-hand man, was rushed back to London from New York for the occasion, where…

The Conversation

Kwasi Kwarteng's overnight dash home to get sack after deluded gamble led to misery

Kwasi Kwarteng had been chancellor for just 38 days, the second-shortest time ever spent in the post, as Liz Truss replaced him with Jeremy Hunt on a day rapidly descending into farce

Daily Mirror

Kwasi Kwarteng ‘thinks Liz Truss will be gone in a few weeks’ after she sacks him as chancellor

‘His view is that the wagons are still going to circle’

The Independent UK

Liz Truss looks 'crushed' and like 'fatally wounded animal' in humiliating conference

Rattled Liz Truss appears defeated and deflated just weeks after getting the keys to no10, behavioural expert Judi James claims as the desperate Prime Minister clings to her job

Daily Mirror

Truss premiership ‘hanging by thread’ after Kwarteng sacking and latest U-turn

PM’s move to replace chancellor and commit to raising corporation tax fails to placate markets or Tory MPs

The Guardian - UK

Liz Truss fails to calm markets despite sacking Kwasi Kwarteng

Sterling fell, FTSE 100 lost its gains and bond yields rose after PM’s press conference failed to announce new direction

The Guardian - UK

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The Independent UK

Truss could be gone ‘within days or weeks’, say Tory MPs after PM ditches chancellor

Expectation that new chancellor Jeremy Hunt will rewrite Kwasi Kwarteng’s mini-Budget

The Guardian - UK

The Guardian view on the Conservative party: better off out

Editorial: Liz Truss’s project is finished and her MPs know it. The party needs new ideas and time to rebuild in opposition

The Independent UK

Demonstrators block Downing Street gates in protest at PM’s climate approach

Crowds of Extinction Rebellion protesters arrived in Whitehall on Friday, waving flags, setting off flares, chanting and banging drums.

The Guardian - UK

Kamikwasi takes Librium Liz’s offer to consciously uncouple from train wreck

Decision to sack chancellor for bonkers mini-budget to restore her credibility was futile. PM and Tories are a laughing stock

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news in one place.

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Daily Mirror

Can Liz Truss survive? Tory dismay after day of chaos and press conference horror show

The crisis-hit Prime Minister is battling to regain control but mutinous Tories are openly plotting to oust their second leader in a matter of months

Chronicle Live

'Rearranging chairs on a sinking ship' - North East MPs call on Truss to go after Kwarteng sacked as Chancellor

The Prime Minister insisted she would not resign after removing her Chancellor on Friday

The Independent UK

Odds for Liz Truss to leave No 10 before the end of the year slashed

The future of Ms Truss’s leadership appears precarious - and the bookies agree

Tribune News Service

Truss dumps UK corporation tax freeze plan after firing ally

Liz Truss scrapped her plan to freeze corporation tax next year in another dramatic U-turn, hours after she fired her ally Kwasi Kwarteng and replaced him with Jeremy Hunt as UK Chancellor of the Exchequer.

The Guardian - UK

From leadership flop to chancellor: the surprising return of Jeremy Hunt

Analysis: Ex-foreign secretary once seen as yesterday’s man is now in best position to influence prime minister

The Independent UK

Truss sacrifices Kwarteng to save her premiership as she ditches tax pledge

The Prime Minister has appointed Jeremy Hunt as the new Chancellor of the Exchequer.

Reuters

Jeremy Hunt brought in from the cold to be UK's new finance minister

Jeremy Hunt was named Britain's new finance minister on Friday, the latest senior ministerial role for the self-proclaimed entrepreneur regarded by many in his Conservative Party as a safe pair of hands but whose days in top jobs had seemed over.

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