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The Latest Breaking News from Liz Truss

Everything you need to know after pound hit all-time low against US dollar

The pound has hit a record low after sweeping tax cuts were announced by the chancellor on Friday. Here we explain some of the reasons behind the fall and how it affects households and businesses across the country

Daily Mirror

Liz Truss’s chief of staff to be directly employed by No 10 after being paid by own firm

Downing Street says Mark Fullbrook will go on special advisor contract to end ‘ongoing speculation’

The Independent UK

Tuesday briefing: Three scenarios for the British economy after the pound slumps

In today’s newsletter: The Guardian’s special correspondent Heather Stewart talks us through the best, worst and most likely result of another chaotic day in the money markets

The Guardian - UK

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Saudi Crown Prince, British PM Discuss Developing Relations

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, held telephone talks on Monday with British Prime Minister Liz Truss. Discussions focused on developing relations between Saudi Arabia and Britain as part of their strategic partnership council. Crown Prince Mohammed offered his condolences to Truss over…

Asharq Al-Awsat

The election of Italy’s fascist-adjacent Giorgia Meloni is a public reminder that women can be just as awful as men

I wouldn’t vote for her if I were on fire, but I’m in nauseated awe of what it must take for a woman to succeed among hard-right conservatives

The Guardian - AU

What is Kwasi Kwarteng really up to? One answer: this is a reckless gamble to shrink the state

In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity, says Adam Tooze, an economic historian at Columbia University

The Guardian - UK

Top Truss aide to be directly employed by No 10 after being paid by own firm

The previous arrangement drew accusations of renewed ‘Tory sleaze’ from opposition parties.

The Independent UK

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Keir Starmer claims Labour is party of 'sound money' as Tories send the pound plummeting

Starmer will use his conference speech today to drive home the message that the Tories cannot be trusted to run the economy.

Daily Record

Liz Truss and Kwasi Kwarteng successfully drive the value of the pound off a cliff

Record View says Nicola Sturgeon was right when she angrily denounced the Tory tax cuts for the richest yesterday.

Daily Record

SNP stands in the way of social justice for Scotland, claims Keir Starmer

The Labour leader will use part of his party conference speech in Liverpool to attack the SNP as being unable to deliver the change people need.

Daily Record

SNP 'letting island communities suffer' as CalMac cancellations hit 7,000 in six months

More CalMac ferry services were cancelled in the first six months of this year than in the whole of 2018.

Daily Record

‘Out of control’: what the papers said about government handling of UK’s sterling crisis

Front pages channel fears about Truss government’s economic strategy after pound sinks to all-time low against the dollar

The Guardian - AU

Liverpool news: Klopp blamed for Mane's departure as Neville makes witty jibe

Liverpool are adapting to life without Sadio Mane after his summer exit as Jurgen Klopp is blamed for his departure whilst new boy Arthur is tipped to find his best form

Daily Mirror

Labour surges to largest poll lead over Tories in more than two decades

The 17-point lead represents a level of support Labour had not had since 2001

The Independent UK

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The Independent UK

Starmer to quote Blair in calling Labour ‘political wing of the British people’

Sir Keir will outline an ambition to ‘turn the UK into a growth superpower’.

The Independent UK

Starmer to accuse Truss of ‘losing control’ of economy as he offers ‘fresh start’ for country

Labour leader borrows slogan from Tony Blair as he describes party as ‘political wing of British people’

Daily Record

Anas Sarwar promises Labour general election win will be built in Scotland

The Scottish Labour leader knows he has to make sizeable gains if Keir Starmer is to become Prime Minister

The Independent UK

Truss urged to attend meeting of Macron’s European club to boost UK-EU trust

Prime Minister Liz Truss attending the European Political Community meeting would be a ‘very good signal’, the EU’s ambassador to the UK said.

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The Independent UK

Who gets the £400 rebate and winter fuel payment?

Households will start receiving money off their energy bills from October

The Independent UK

All the cost of living help available and how to get the payment

Poorer households are expected to be hardest-hit, while eldery people have reported having to choose between heating or eating

The Guardian - UK

‘We are angry’: green groups condemn Truss plans to scrap regulations

Nature protection rules in proposed investment zones would in effect be suspended

Wales Online

Letters of no confidence in Liz Truss 'already being put in' by Tory MPs

It comes as the pound has hit an all-time low against the US dollar

The Independent UK

Kwasi Kwarteng declines to comment as pound hits all-time low against US dollar

The Bank of England is expected to give a statement on the sterling’s slump

Evening Standard

Bank of England will change interest rates ‘as much as needed’ to control inflation, says Andrew Bailey

The Bank of England is watching developments in financial markets ‘very closely’, says Governor Andrew Bailey

Reuters

Targetting government, UK's Labour pledges sound finances and strong public services

Britain's opposition Labour Party set out its economic vision on Monday, promising, if in power, to be fiscally responsible and take care of public services, in a swipe at the Conservative government's tax cuts for the wealthy.

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