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The Latest Breaking News from Kwasi Kwarteng

Kwasi Kwarteng said ‘who cares if Sterling crashes?’ after Brexit, report claims

Brexiteer MP overheard talking about markets on night of 2016 referendum vote

The Independent UK

Mortgages could get more expensive by the end of the week

It comes as the pound dropped to a record low on Monday

Manchester Evening News

Everything you need to know after pound hit all-time low against US dollar

The pound has hit a record low after sweeping tax cuts were announced by the chancellor on Friday. Here we explain some of the reasons behind the fall and how it affects households and businesses across the country

Daily Mirror

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Labour surges to largest poll lead over Conservatives in over two decades

A new YouGov survey suggests Labour has opened up a 17-point lead over the Conservatives - the greatest since the firm began polling in 2001.

Daily Record

Labour says financial turmoil is ‘just the tip of the iceberg’

Shadow health secretary condemns Kwasi Kwarteng’s ‘reckless gamble’ and says Labour ‘cavalry is coming’

The Guardian - UK

Pouring cash into London to solve regional inequality? That’s trickle-down Trussonomics

The UK economy needs the rest of the country to help reverse decades of decline, says Guardian columnist Simon Jenkins

The Guardian - UK

Keir Starmer promises to launch publicly-owned UK energy company as he hails ‘Labour moment’ – as it happened

Latest updates: the Labour party leader used his conference speech to spell out his plan for the UK. This blog is now closed

The Guardian - UK

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UK warned ‘significant’ rate rise is coming, as calls for mini-budget U-turn rise - as it happened

BoE chief economist Huw Pill says Bank should wait until next scheduled meeting in the first week of November rather than respond through an emergency rate hike

The Guardian - UK

Tuesday briefing: Three scenarios for the British economy after the pound slumps

In today’s newsletter: The Guardian’s special correspondent Heather Stewart talks us through the best, worst and most likely result of another chaotic day in the money markets

The Guardian - UK

Pound steadies but Kwasi Kwarteng faces massive market turmoil

The pound steadied in early trading in Asian markets on Tuesday as it climbed to $1.07 just before 6am

Evening Standard

What is Kwasi Kwarteng really up to? One answer: this is a reckless gamble to shrink the state

In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity, says Adam Tooze, an economic historian at Columbia University

The Guardian - UK

Kwarteng faces market turmoil after sterling's disastrous day

New survey puts Labour party 17 points ahead

Wales Online

Pound news – live: Punish Truss for market turmoil, says Labour as Bank vows action

Sterling rallies slightly, as Starmer says Truss has ‘lost control of the British economy’

The Independent UK

Liz Truss and Kwasi Kwarteng successfully drive the value of the pound off a cliff

Record View says Nicola Sturgeon was right when she angrily denounced the Tory tax cuts for the richest yesterday.

Daily Record

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The Independent UK

What the papers say – September 27

The national mastheads focus on market reaction to the Government’s promised tax cuts.

Daily Mirror

Labour take biggest lead for 21 YEARS in YouGov poll - and Boris Johnson could lose seat

If the results of a YouGov poll were repeated at a General Election, Labour would win a 182-seat majority after Tory support plummeted following Friday's mini-budget

The Guardian - AU

‘Out of control’: what the papers said about government handling of UK’s sterling crisis

Front pages channel fears about Truss government’s economic strategy after pound sinks to all-time low against the dollar

The Independent UK

Starmer takes aim at Tories as Labour buoyed by promising poll

The Labour leader will quote Sir Tony Blair to dub his party the ‘political wing of the British people’.

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news in one place.

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The Independent UK

Labour surges to largest poll lead over Tories in more than two decades

The 17-point lead represents a level of support Labour had not had since 2001

The Independent UK

Kwarteng faces massive market turmoil after disastrous day for sterling

The Treasury moved to settle the markets with the promise of a Budget next spring as the pound tumbled against the dollar on Monday.

The Independent UK

Starmer to quote Blair in calling Labour ‘political wing of the British people’

Sir Keir will outline an ambition to ‘turn the UK into a growth superpower’.

The Independent UK

Starmer to accuse Truss of ‘losing control’ of economy as he offers ‘fresh start’ for country

Labour leader borrows slogan from Tony Blair as he describes party as ‘political wing of British people’

The Conversation

Sterling hits all-time low: two things can turn this around but neither is straightforward

While most people in the UK were still in bed in the early hours of Monday morning, the pound dived. It fell over 4% during Asia trading to reach its lowest ever level against the dollar of US$1.035, while also hitting €1.079 against the euro. This was an exceptional fall,…

The Independent UK

What could the Bank of England do after pound plummets to record low?

Analysts want Bank of England to increase interest rates to ‘restore credibility’ to UK economy

Wales Online

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

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