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The Latest Breaking News from Liz Truss

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

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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

Chris Philp and Edward Argar: Who are the MPs involved in Treasury switch?

Liz Truss has appointed Edward Argar as Treasury chief secretary to replace Chris Philp

Evening Standard

Liz Truss Is Flailing, Politically and Economically

The British Conservative Party can’t figure out what it wants.

Reason

Heartbroken mum who lost girl at 31 weeks due to Covid welcomes rainbow baby a year on

Megan and Jack from Leyland, Lancashire, have shared their story to support Baby Loss Awareness Week (October 9-15) and calls for for improvements across the country

Daily Mirror

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Poll finds Truss has failed to gain voters’ confidence with dramatic U-turn

More than half applaud sacking of Kwarteng, but majority think she cannot regain trust

The Independent UK

Pound falls after Liz Truss U-turn, as IFS warns ‘piecemeal’ changes won’t cut it

Sterling dips and cost of government borrowing rises despite PM’s bid to reassure markets

The Independent UK

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

Friday Headlines: Robbie Coltrane dead aged 72 and Kwasi Kwarteng sacked as chancellor

Here are the main headlines on the Daily Record website today.

Daily Record

Voters back benefits hike as Liz Truss under pressure to abandon plans for cut

Prime Minister Liz Truss is threatening to snatch hundreds of pounds from working families by ditching the commitment made by Boris Johnson earlier this year

Daily Mirror

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 Independent UK

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Daily Mirror

Tom Watson and Arlene Foster among new peers with seat in House of Lords - see full list

In a list released on a day of chaos for the government, TUC General-Secretary Frances O'Grady and retired Tory MP Nicholas Soames, grandson of Winston Churchill, were appointed to the House of Lords

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.

Reuters

Factbox-How could British PM Truss be removed, and how would she be replaced?

British Prime Minister Liz Truss is clinging on to her job after a political crisis and market turmoil sparked by her fiscal plans that has seen her fire her finance minister and reverse major parts of her flagship tax-cutting agenda.

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news in one place.

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The National (Scotland)

Pound falls further and bonds under pressure despite Government tax U-turn

THE value of the pound has dropped further despite Liz Truss's U-turn on large parts of former chancellor Kwasi Kwarteng's mini-budget.

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

Daily Mirror

'After the sacking of Kwarteng, sorry seems to be the hardest word for cowardly Truss'

Labour MP for the Rhondda Chris Bryant says that Liz Truss has lost the confidence of both the British people and her own party and she stumbles from one disaster to another

The Independent UK

Ed Miliband mocks David Cameron’s 2015 ‘chaos’ tweet after Liz Truss U-turn

The former Labour leader’s response to David Cameron’s tweet has quickly accrued tens of thousands of likes after a tumultuous day for the Tories.

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

Reuters

Fighting for survival as UK PM, a chastened Truss changes course again

It was a bruising meeting with her Conservative lawmakers this week that finally shook British Prime Minister Liz Truss's earlier unwavering faith that she could weather the market fallout from her radical economic growth plan.

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

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