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The Latest Breaking News from Kwasi Kwarteng

Liz Truss ‘promised chief of staff next Tory election campaign in exchange for No 10 job’

Exclusive: Senior Conservatives warn ‘quid pro quo’ arrangement with Mark Fullbrook spells ‘electoral doom’

The Guardian - UK

‘A matter for the Bank of England’: Liz Truss refuses to discuss if UK in recession

Chancellor Kwasi Kwarteng also claims he can’t comment on ‘market movements’ following pound’s plunge

The Independent UK

Britain’s defence spending to double to £100bn next year, says Ben Wallace

The British armed fores are ‘actually going to grow’ for the first time since the Cold War, defence secretary says

The Independent UK

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Andy Burnham at odds with Labour leader Keir Starmer over Tory income tax cuts

Greater Manchester Mayor Andy Burnham contradicted Labour's position on income tax cuts, saying the 1p cut to the basic rate should not go ahead

Daily Mirror

Liz Truss’s chief of staff paid via lobbying firm in potential tax-saving move

Revelation about Mark Fullbrook follows last week’s repeal of rules to stop people paying themselves through companies to minimise tax

The Guardian - UK

Pound hits all-time low against dollar after mini-budget rocks markets

Odds of sterling hitting parity with dollar jump, as analysts say UK bond market ‘getting smoked’ by giveaway

The Guardian - UK

Chancellor hints he's not done cutting taxes yet

Kwasi Kwarteng denies the measures announced last week only help the very rich

Wales Online

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Kwasi Kwarteng: Tax changes favour people right across the income scale

Kwasi Kwarteng claimed his tax cuts “favour people right across the income scale” amid accusations they mainly help the rich, and he hinted more are on the way. The Chancellor defended his programme of tax cuts – the biggest for 50 years – which he announced on Friday using more…

Evening Standard

Watch: Kwasi Kwarteng hints more tax cuts are on the way

Kwasi Kwarteng claimed his tax cuts “favour people right across the income scale” amid accusations they mainly help the rich, and hinted more are on the way.

Evening Standard

Watch: Keir Starmer says Labour would reverse Tories’ 45p rate tax cut

Sir Keir Starmer hit out at the Government’s “wrongheaded” economic policies as he pledged to reverse the income tax cut for people earning more than £150,000. The Labour leader, who said his party now had a belief it would win the next general election, said the mini-budget announcements by Chancellor…

Evening Standard

Britain's Labour pitches itself against tax cuts for the wealthy

Keir Starmer, leader of Britain's Labour Party, on Sunday pledged to reverse the abolition of the top rate of income tax, saying tax cuts for the wealthy wouldn't create economic growth as he made a pitch for power at his party's annual conference.

Reuters

Kwasi Kwarteng mulls more beneficial tax cuts for high earners

Reports chancellor is considering further changes to taxation after mini-budget ‘for the rich’

The Guardian - UK

Martin Lewis issues update to everyone earning under £50,000 a year

Following UK Chancellor of the Exchequer Kwasi Kwarteng's mini-budget on Friday, MoneySavingExpert founder Martin Lewis has issued a message to everyone earning under £50,000 a year

Edinburgh Live

Kwasi Kwarteng denies plans to relax environmental rules in push for growth

Wildlife groups concerned by apparent plans to loosen protections in 38 ‘investment zones’

The Guardian - UK

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Evening Standard

Starmer vows to reverse ‘wrongheaded’ top rate tax cut

Labour leader Sir Keir Starmer rejected the Government’s “trickle down” economics approach.

Wales Online

Mark Drakeford brands mini-budget 'authentically shocking' in scathing criticism

He described it as a 'giant experiment that will leave families worse off long into the future'

The Guardian - UK

Truss’s go-for-broke gamble means Labour inherits economic mess if it wins election

Vote is there to be lost by Labour. How hard can it be to show party would do a better job on economy?

The Independent UK

Kwarteng hints at more tax cuts to come as he rules out government borrowing limit

Labour says it would reinstate 45p tax rate

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The Guardian - UK

Kwarteng: UK economy must expect more tax cuts and deregulation

Chancellor says he and Liz Truss want to do what previous Tory governments deemed unthinkable

Evening Standard

Starmer vows to defend working people as Kwarteng insists tax cut plan benefits all

Sir Keir was questioned over his long-term plan for the country while the Chancellor was grilled over the huge drop in the pound following his tax cut plan

The Independent UK

Keir Starmer calls trickle-down economics a ‘piss take’ as he slams Tory tax cuts

Labour has announced plans to end dependence on fossil fuels by 2030

The Independent UK

Starmer vows to reverse ‘wrongheaded’ cut to income tax for rich

Labour leader Sir Keir Starmer rejected the Government’s “trickle down” economics approach.

The Guardian - UK

Forget trickle down, what the UK needs is middle-out economics

Liz Truss is banking on a failed policy. The focus should be on the real driving force behind economic growth

The Guardian - UK

Why the ‘Barber boom’ that Kwasi Kwarteng’s mini-budget recalls was destined for disaster

A reckless dash for growth is nothing new. Ted Heath’s chancellor Anthony Barber tried one in 1971, but it didn’t turn out well

The Guardian - UK

Liz Truss and her team are taking us for a ride

From fracking happy Jacob Rees-Mogg to Nadhim Zahawi and his warm horses, the Tory top table is beyond parody

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