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The Latest Breaking News from Liz Truss

Liz Truss refuses to rule out real-terms benefits cuts

PM facing fresh battle with MPs as she declines to commit to raising benefits in line with inflation

The Guardian - UK

Truss faces new challenge over UK welfare payments

British Prime Minister Liz Truss triggered a new row in her party on Tuesday by suggesting she could limit increases in benefit payments to less than soaring inflation as she seeks ways to fund her tax-cutting growth plan.

Reuters

Liz Truss refuses to rule out real-terms cuts to benefits

PRIME Minister Liz Truss has refused to rule out real-terms benefit cuts in order to help pay for her government’s tax-cutting growth plan.

The National (Scotland)

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Liz Truss admits mistake over claim no one's energy bills will exceed £2,500

The Prime Minister acknowledged that she 'should have been more specific' when she incorrectly said that nobody would pay fuel bills of more than £2,500 - which is an average rather than a cap

Daily Mirror

Defiant Liz Truss faces full-scale Tory revolt as she plots to cut benefits for poor

One Nation Tory Damian Green said Liz Truss would 'probably not' get benefit cuts through Parliament - as even serving minister Penny Mordaunt warned she must not 'help people with one hand and take away with another'

Daily Mirror

London streets are not safe, admits Prime Minister Liz Truss

‘I want to see the London Mayor do more to tackle crime in the capital’

Evening Standard

Watch: Kwarteng shrugs off ‘little turbulence’ after U-turn over tax cut for rich

Kwasi Kwarteng has sought to shrug off the chaos that triggered his astonishing U-turn on income tax cuts for the highest earners as a “little turbulence” as he battled to regain authority. The Chancellor remarked it had been a “tough” day as he told Conservative members in his set-piece conference…

Evening Standard

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Liz Truss says she wants to cut top rate of tax eventually and says she does trust Kwasi Kwarteng as chancellor – as it happened

PM says says she backs idea to abolish tax cut for high earners in principle despite shelving it for now

The Guardian - UK

Pound bounces back in Asia trading after Liz Truss’s tax plan U-turn

Sterling is at its highest value against dollar since 22 September

The Independent UK

Liz Truss refuses to rule out more U-turns as rebellion over benefits cuts grows

Embattled PM refuses to confirm plan for benefits, as minister Penny Mordaunt breaks ranks

The Independent UK

The Welsh Tories who backed Liz Truss - what do they have to say now?

The leader they supported has got of to a humiliating start so far

Wales Online

Liz Truss fights for ‘hearts and minds’ of Tory MPs as revolt deepens

String of Tory MPs line up to raise fears on benefits cuts

Evening Standard

Row over Universal Credit and other DWP benefits amid fears of Liz Truss cut

Ms Truss and Kwasi Kwarteng may announce a real-terms cut in benefits

Wales Online

Tory Party conference latest LIVE: Liz Truss ally accuse fellow MPs of ‘coup’ over tax rebellion

It comes after Kwasi Kwarteng was forced into a humiliating U-turn on the 45p tax rate cut

Evening Standard

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The Independent UK

Liz Truss news – live: Braverman backs 45p tax rate cut and claims U-turn was ‘coup’

Truss faces a new battle with her MPs on welfare after 45p tax rate U-turn

Reuters

Britain's weakened Truss faces fight for credibility

British Prime Minister Liz Truss had hoped her governing Conservative Party's annual conference would be her crowning glory, but instead she was forced into a humiliating U-turn that has left her, and her team, fighting for credibility.

Wales Online

Chancellor Kwasi Kwarteng makes second U-turn in two days as he promises to set out debt plan earlier than planned

Kwasi Kwarteng has made the change after markets reacted badly to his package of tax cuts

The Guardian - UK

Tuesday briefing: The Truss thinkers that tanked the Tories

In today’s newsletter: Free market thinktanks are rejoicing at Kwasi Kwarteng’s neo-Thatcherism. But how do they operate – and what might their influence mean for Britain?

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The Guardian - UK

Kwasi Kwarteng may have U-turned, but huge spending cuts are still coming

The government is clinging to £43bn of tax cuts. Public services and those on benefits will feel the pain, says former prime minister Gordon Brown

Wales Online

Tories seek to shift focus from economy after U-turn humiliation

The Government are turning their attentions to immigration and supporting Ukraine

Daily Record

Douglas Ross has risen to the top of the Tory hit list

Douglas Ross has stood by and watched as the UK's economy has been sent into tailspin, and its time for him go, says Record View

The Guardian - AU

‘Damage is done’: what the papers say after Truss and Kwarteng’s tax U-turn

The UK newspaper front pages pull no punches after PM and chancellor perform reversal over 45p tax rate for high earners

Daily Mirror

Tories laugh as Kwasi Kwarteng forced into humiliating U-turn - but 'damage already done'

Mr Kwarteng was forced to abandon his plan to give a massive tax cut to millionaires - but critics warned the damage has already been done after the Bank of England had to step in

Daily Mirror

Kwasi Kwarteng U-turn is too late to stop mortgages soaring, experts fear

More than 40% of mortgage products were pulled after the Chancellor’s Budget triggered a slump in the pound and fears of interest rate hikes. The average two-year fixed mortgage rate is now close to 6%

Daily Mirror

Truss caves to Mirror’s demands to mark ‘Plutonium Jubilee’ with cash for nuclear test vets

The heroes of Britain’s Cold War radiation experiments and their families welcomed the news, but said it did not go far enough to address the tests’ legacy of cancers, early death and birth defects

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