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The Latest Breaking News from Liz Truss

Night of the hurried U-turn: how Truss and Kwarteng dumped their tax cut

Even as Liz Truss was being toasted for her tax-cutting boldness, the PM and chancellor were bowing to clamour to reverse course

The Guardian - UK

Kwasi Kwarteng ‘to bring forward plan to cut debt after 45p tax U-turn’

The chancellor will accelerate the publication of his medium-term fiscal plan later this month, according to reports

Evening Standard

Tory MPs ‘openly talking’ about removing Liz Truss, says ex-No 10 chief of staff

‘Very difficult’ for PM to recover, says Nick Timothy – as Rachel Johnson predicts Truss could ‘go down with the pound’

The Independent UK

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Tory MPs plot to avert benefit squeeze after humiliating U-turns

Kwasi Kwarteng to bring forward fiscal statement to later this month amid disquiet in party over spending cuts hitting poorest

The Guardian - UK

Kamikwasi Kwarteng delivers his excruciating career suicide note

Tactless jokes and half-arsed platitudes made up chancellor’s vapid Tory conference speech

The Guardian - UK

Kwasi Kwarteng will announce his plan for cuts early in SECOND budget U-turn

Kwasi Kwarteng axed the 45p tax cut earlier today after widespread critisim in what's been a tumultuous few days for the new Chancellor and Prime Minister Liz Truss

Daily Mirror

UK Backpedals On Income Tax Cut For Top Earners After Rattling Markets

The iShares MSCI United Kingdom ETF (NYSE: EWU) and the SPDR S&P 500 ETF Trust (NYSE: SPY) both traded higher by more than 2% each on Monday after the U.K.

Benzinga

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Food bank near Liz Truss and Kwasi Kwarteng may struggle to survive as demand soars

Jamie Ginns, chief executive of the food bank, said it is facing “serious operational issues” this winter as the cost-of-living crisis continues to cause unprecedented levels of demand.

Evening Standard

Paul Bongiorno: Time overdue for a conversation about our welfare state

The penny is dropping even in the citadels of western capitalism that trickle-down economics is no longer fit for purpose – if it ever was.

The New Daily

I’d like inheritance tax to be abolished, says UK Treasury minister

Andrew Griffith tells business people at Tory conference that ‘fantastic’ Truss is right to prioritise wealth creation

The Guardian - UK

Prime Minister Lis Truss says 'no reason' why Stormont should not be re-established

Northern Ireland's powersharing institutions have been dormant for months due to a DUP protest against the protocol

Belfast Live

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

The Chancellor admitted it had been a ‘tough’ day after scrapping the abolition of the top income tax rate

Evening Standard

No reason why Stormont should not be re-established now – PM

Liz Truss says she wants a settlement with the EU over the NI Protocol which works for everybody.

The Independent UK

The Guardian view on a Tory U-turn: the problem goes beyond tax

Editorial: How people feel when facing an economic crisis often decides their choice in elections. That spells doom for Liz Truss

The Guardian - UK

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The Guardian - UK

These Tories are heading for oblivion, and no amount of U-turns can change that

On everything from the 45p tax rate to immigration, Kwarteng and Truss are living in a different world to voters, says Guardian columnist Polly Toynbee

Birmingham Post

Kwasi Kwarteng accepts growth plan caused 'a little turbulence' as government U-turns over income tax cuts

Embattled Chancellor says 'it has been tough but we need to focus on the job in hand'

Asharq Al-Awsat

Palestinians Concerned by Possible Relocation of UK Embassy in Israel

Palestinian Prime Minister Mohammad Shtayyeh voiced concern on Monday at Britain's decision to review the location of its embassy in Israel, fearing it could be moved from Tel Aviv to Jerusalem. British Prime Minister Liz Truss has said she is reviewing whether or not to keep the embassy where it…

The Guardian - UK

Rees-Mogg tells Tories he’d welcome fracking in his back garden

Speaking at a conference fringe event, business secretary dismisses those who oppose practice as ‘socialists’

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Daily Record

Monday headlines: Investigation at Glasgow hospital and Scotland's 'danger to life' weather warnings

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

The National (Scotland)

Constitutional crisis as UK Government blocks Bermuda's cannabis bill

BERMUDA is facing a constitutional crisis after the UK Government refused to give royal assent to a bill looking to legalise cannabis in the island…

Manchester Evening News

The Mancunian Way: A cool £8bn

Read the Mancunian Way newsletter for Monday October 1, 2022.

The Independent UK

Focus on less controversial reforms, Frost tells PM

Lord Frost said the Government needed to ‘err away’ from economic reforms that created losers faster than winners.

Daily Mirror

Water firms that dump sewage in rivers to face £250million fines - 1,000 times higher

Environment Secretary RanilJayawardena announced the shift at the Tory conference as he tried to emulate Liz Truss's 'That is a disgrace' speech by saying: "That! Is! Not! On!"

The Independent UK

Truss promises station in Bradford as part of Northern Powerhouse Rail plans

The Prime Minister has previously said she would reverse the Government’s decision to curtail much of the high-speed railway route.

The Guardian - UK

Cop27 host Egypt warns UK not to backtrack from climate agenda

Unusual diplomatic intervention prompted by fears over Liz Truss’s commitment to net zero

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