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The Latest Breaking News from Kwasi Kwarteng

Rishi Sunak and Liz Truss compete for Tory members’ support in Cheltenham leadership hustings – as it happened

The two candidates are bidding for support from Conservative party members ahead of the final vote for the next PM

The Guardian - UK

Crunch energy talks today as Tories threaten windfall tax - but Liz Truss doesn't want it

Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng will meet energy firms today and a new windfall tax is thought to be on the table - despite likely PM Liz Truss rejecting the idea

Daily Mirror

Ministers to hold crunch talks with energy bosses over winter price hikes

The Chancellor will press energy company executives to share breakdown of their finances to tackle cost-of-living challenges

The Independent UK

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Power companies join clamour for government action on energy bills

Call for urgent action on ‘cataclysmic’ price hikes to avoid damage to mental health

The Independent UK

Martin Lewis warns cost of living 'national crisis' causing 'cataclysmic' risk of lives

“What we’re facing here is a financial emergency that risks lives."

Nottingham Post

Government is watching unprecedented profits, energy companies told

Talks are to be held between the Chancellor, Business Secretary and energy bosses

Evening Standard

UK ministers to meet energy bosses amid talk of toughening up windfall tax

Government admits any policy decisions unlikely to be made before new prime minister announced

The Guardian - UK

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Distraught Martin Lewis warns Tory 'bull' on cost of living 'national crisis' risks lives

Money Saving Expert Martin Lewis warned the cost of living is a 'national crisis' like Covid and Rishi Sunak and Liz Truss's plans could 'leave millions destitute and in danger this winter'

Daily Mirror

Chancellor set for crisis talks with energy companies as bills soar

ENERGY sector bosses are set to take part in crisis talks with Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng.

The National (Scotland)

Pensana appoints project delivery team leads as $10m equity investment confirmed

Next steps after milestone ground-breaking made

Birmingham Post

Orsted to welcome new installation vessel for Hornsea Three as auction deal signed with Business Secretary

Danish collaboration agreed as Orsted turns to Cadeler again with XL scale-up for larger foundations

Birmingham Post

Sizewell C nuclear plant approval faces legal challenge

Together Against Sizewell C argue permission given by government for power station was granted unlawfully

The Guardian - UK

Labour attacks ‘zombie government’ as Boris Johnson returns from holiday

PM criticised for nearly week-long break in Slovenia after 15 Whitehall consultations left unanswered

The Guardian - UK

Liz Truss rejects ‘handouts’ as way to tackle cost of living crisis

Conservative leadership frontrunner insists on tax cuts despite claims they will fuel inflation

The Guardian - UK

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Daily Record

Outrage as Tory minister tells Scots to wait weeks for cost-of-living help

Business Secretary Kwasi Kwarteng said he expects an emergency budget from the next prime minister to contain measures to help people.

The Guardian - UK

Kwasi Kwarteng: the low-tax Tory frontrunner for next chancellor

Truss loyalist is a free marketeer who may clash with public opinion about intervening over cost of living crisis

Evening Standard

Conservative leadership race: ‘Next PM must find billions to help out struggling households’

Carrying on with the current economic policy is ‘not going to cut it’, IFS chief says

The National (Scotland)

Wait for new PM for more cost-of-living help, says UK Business Secretary

HOUSEHOLDS struggling under the cost-of-living crisis must wait several weeks before the UK Government reveals further support to combat soaring…

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news in one place.

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The Independent UK

Tax remains key divide as leadership campaigns respond to economic outlook

Liz Truss’s campaign has argued for implementing tax cuts quickly, while the Sunak campaign has warned against too much borrowing.

The Guardian - UK

Sunak defends taking money from deprived urban areas as he faces latest hustings with Liz Truss – as it happened

Candidates face Tory members in Eastbourne; former chancellor, who was filmed saying he tried to divert funds from ‘deprived urban areas’, says it was sensible

Reuters

BoE's Bailey rebuffs talk of less central bank independence in UK

Bank of England Governor Andrew Bailey pushed back at suggestions by the front-runner to become Britain's next prime minister Liz Truss and her supporters that the government should have a bigger role in how the central bank operates.

Daily Mirror

Kwasi Kwarteng says 'AWOL' PM 'on top of' economic crisis and argues 'I’m here, in a suit'

Business Secretary Kwasi Kwarteng claimed holidaying Boris Johnson and Chancellor Nadhim Zahawi were 'completely on top of what's happening' after Bank of England issued dire warnings

The Guardian - UK

No emergency cost of living help for at least a month, says minister

Business secretary Kwasi Kwarteng says support will not be introduced until ministers return to work

The Independent UK

Energy bill support scheme: How to claim £400 discount as government reveals instalment plan

The business and energy secretary announced details amid criticism that the government isn’t doing enough to help struggling households

The Independent UK

£400 in energy bill discounts offered to households in instalments

The support will be issued in six instalments over six months to some 29 million households.

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