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The Latest Breaking News from Kwasi Kwarteng

Bank is taking a risk in cracking on with first QT sale

Longer delay might have been mildly embarrassing but would be the safer approach

The Guardian - UK

Hunt’s expected austerity drive – where will the axe fall?

Rebellious backbenchers, underfunding and previous pledges mean there are no easy options for the new chancellor

The Guardian - UK

Bank of England pushes back start of gilt sale to November 1

It came after the central bank earlier denied a postponement of plans to start selling government bonds.

The Independent UK

From analysis to the latest developments in health,
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End of triple lock is just another broken promise by PM in Name Only

Librium Liz gets through another day of humiliation for herself, her party and her country

The Guardian - UK

The U.K.'s Liz Truss hangs on by a thread, as party members call for her ouster

After a bruising first six weeks in office, the prime minister replaced her finance chief with former leadership rival Jeremy Hunt. But she still faces a barrage of criticism.

WEKU

DWP could cut Universal Credit for 114,000 claimants after rule change

People may need to take part in 'work activities'

Nottingham Post

Ryanair boss blames ‘car crash’ economic crisis on Brexit ‘failure’

Michael O’Leary hopes the appointing of Jeremy Hunt will lead to more ‘sensible’ policies

The Independent UK

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Fears more than 11,000 households in Northumberland will see spike in mortgage costs

The Bank of England has already increased interest rates and is expected to increase them further next week

Chronicle Live

Join us LIVE as experts explain everything Jeremy Hunt's changes means for your money

Mirror money experts will take you through everything you need to know about money changes coming down the tracks from Chancellor Jeremy Hunt, including more Income Tax and possibly higher energy bills

Daily Mirror

Kwarteng urged to turn down £16,000 golden handshake after ‘trashing economy’

KWASI Kwarteng should turn down a potential £16,000 golden handshake after serving only 38 days in office and “trashing the economy”,…

The National (Scotland)

In office but not in charge: How is Truss still prime minister?

On the face of it, Liz Truss’s days as U.K. prime minister look numbered and her demise imminent. She’s been forced to throw out her entire economic policy program, fire her friend and finance minister Kwasi Kwarteng, and has seen her poll numbers plummet to record depths.

Tribune News Service

Ex-MP blocked from standing by Labour calls process ‘grossly unfair’

A ROW has erupted over Labour blocking Left-wing candidates from standing in the next general election. Former MP Emma Dent Coad was stopped yesterday from running as the candidate in Kensington. She won the seat from the Tories in 2017, but lost in 2019 by 150 votes.

Evening Standard

Kwasi Kwarteng urged to reject £16k golden handshake after being sacked as Chancellor

SNP MP David Linden has written to Kwarteng to ask him to refuse to take the one-off payment after he served only 38 days in Number 11 Downing Street.

Daily Record

How the UK Government’s National Insurance change will affect you from next month

Chancellor Jeremy Hunt scrapped plans to cut the basic rate of income tax from 20% to 19%.

Daily Record

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Radio France Internationale

Position of UK's PM, Liz Truss, in doubt after new Treasury chief axes 'Trussonomics'

The UK’s new Treasury chief has ripped up the government’s economic plan, dramatically reversing most of the tax cuts and spending plans that new Prime Minister Liz Truss announced less than a month ago.

The Independent UK

What’s left of the mini-Budget? Bankers bonuses and tax hikes for workers

‘Almost all’ tax plans that have not started to go through parliament are being axed, new chancellor says

The Independent UK

Liz Truss’s history of U-turns as PM steps down after just 45 days in power

Britain’s short-lived PM was no stranger to about-turns even before she entered Downing Street

The Independent UK

No one thought mini-budget was a ‘bad idea’, senior minister admits

The Cabinet was not consulted on the doomed plan set out by Kwasi Kwarteng but no one in the top team thought it was bad.

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news in one place.

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The Independent UK

What do the government’s tax changes mean for me?

From income tax to national insurance, here’s how Liz Truss’s ever-changing economic policies could affect you

The Independent UK

Who is Jeremy Hunt? The former health secretary and new chancellor

Treasury chief has signalled he will have a ‘clean slate’ when it comes to re-examining Kwasi Kwarteng’s disastrous mini-Budget, which spooked global financial markets and piled pressure on Liz Truss

The Independent UK

Why the energy price cap isn’t what it seems

Liz Truss initially moved to rein in runaway household bills caused by rising global gas prices, only for new chancellor Jeremy Hunt to cut short government aid

ABC News

British prime minister Liz Truss's disastrous month in power may cause her exit within days

Some British media are now gambling on embattled Prime Minister Liz Truss having a shorter shelf life than a fresh lettuce — just five days — after the utter failure of her mini-budget.

Liverpool Echo

Universal Credit could be cut as rule change affects 114,000 claimants

More than 100,000 people in part-time work could face a benefit cut if they fail to adhere to the new rules

Asharq Al-Awsat

UK PM Truss 'Sorry' for Economic 'Mistakes' but Vows to Stay On

Embattled UK Prime Minister Liz Truss on Monday apologized for going "too far too fast" with reforms that triggered economic turmoil, but vowed to remain leader despite a series of humiliating climbdowns. "I do want to accept responsibility and say sorry for the mistakes that have been made... we went…

The Guardian - UK

‘No one would do that’: estate agents deny making rude gesture to Kwarteng

Agents in former chancellor’s constituency are glad to see him go after his effect on property market

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