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The Latest Breaking News from Kwasi Kwarteng

Jeremy Hunt warns he's Scrooge and will make 'horrible decisions' to save Christmas

Chancellor Jeremy Hunt says he'll make some tough calls on tax and spending in a bid to get a hold on inflation to prevent recession which he blames on Russia

Daily Mirror

Revealed: the £30bn cost of Liz Truss’s disastrous mini-budget

Analysis shows former PM was responsible for half of the Treasury’s £60bn fiscal hole as chancellor prepares to announce cuts in Thursday’s budget

The Guardian - UK

Government can’t subsidise energy bills ‘indefinitely’, says Jeremy Hunt ahead of budget

Jeremy Hunt

Evening Standard

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Autumn statement: which tax rises and spending cuts are most likely?

The potential impact of the chancellor’s various options and which ones we think he will pursue

The Guardian - UK

Royal Navy, Army and RAF budgets 'being cut in real terms'

Allowances for government departments will be devalued by inflation, which is currently at 10%

Wales Online

Rishi Sunak ‘set to cut defence spending in real terms’ as inflation soars

The allowance for all departments, including the Ministry of Defence, will rise in line with the 2021 spending review, according to reports.

The Independent UK

The Guardian view on the UK economy: old folly or new folly

Editorial: Next week’s autumn statement will show if Jeremy Hunt has learned anything from George Osborne’s and Kwasi Kwarteng’s failures

The Guardian - UK

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The Leader podcast: Kwarsi Kwarteng ‘ghosts’ Liz Truss - and recession panic

Sacked ex-Chancellor pops up before autumn Budget, plus bleak ONS data

Evening Standard

Tory tensions over autumn statement erupt as UK heads for recession

Chancellor warns of ‘eye-watering’ decisions to come

The Independent UK

Kwasi Kwarteng accused of 'rewriting history' as he passes blame for crashing the economy

Former chancellor Kwasi Kwarteng has claimed he pleaded with Liz Truss to "slow down" her tax cutting rampage - even though he went on TV two days after the mini-Budget to boast it was just the start

Daily Mirror

Kwasi Kwarteng blames Liz Truss for economic fallout as UK recession looms

FORMER chancellor Kwasi Kwarteng has claimed he told Liz Truss she was “going too fast” with the disastrous mini-Budget as it emerged the…

The National (Scotland)

More UK misery as economy contracts in third quarter

London (AFP) - Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is already in a recession, dealing a fresh blow to new Prime Minister Rishi Sunak.

AFP

Truss allies challenge Kwarteng’s claim he tried to slow down tax cuts

One backer of ex-PM says ‘that wasn’t what was going on’, as Jeremy Hunt also appears to dispute version of events

The Guardian - UK

Kwasi Kwarteng takes swipe at Liz Truss's 'mad' decision to sack him as Chancellor

The former Chancellor refused to apologise for the financial chaos caused by his disastrous mini-budget in September.

Daily Record

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The Guardian - UK

Labour attacks Kwarteng’s ‘disgraceful’ claim his mini-budget not to blame for UK financial chaos – as it happened

Latest updates: chancellor Jeremy Hunt also dismisses predecessor’s attempt to wash his hands of role in financial turmoil

The Independent UK

UK economy shrinks amid fears of longest recession since records began

Chancellor Jeremy Hunt says ‘tough rough ahead’ as he prepares to slash public spending

Evening Standard

Kwasi Kwarteng facing fresh calls to apologise after distancing himself from botched budget

He criticised Liz Truss’s ‘mad’ decision to sack him as chancellor for implementing her tax-cutting policies

The Guardian - UK

Friday briefing: Russia’s retreat from Kherson may prove a pivotal win for Ukraine

In today’s newsletter: The decision to pull troops from the regional capital is a tactical and moral win for Ukraine – what now?

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The Independent UK

UK economy news – live: Hunt says ‘tough road ahead’ as ‘very bleak’ recession looms

Chancellor warns of ‘extremely difficult decisions’ ahead

Manchester Evening News

Millions of workers will be better off from this month as tax rules change - how your pay will be affected

The health and social care levy has been reversed - meaning workers will take home more of their pay from this month

Birmingham Post

Autumn Statement: What to expect from Jeremy Hunt on tax rises, NI and cuts

We take a look at the facts so far and ask finance experts on what is likely to be announced.

Daily Record

New National Insurance change will boost your take-home pay from this month

The change came into effect on November 6.

Evening Standard

Stephen King: Has the Bank of England learned nothing from its errors on inflation?

How many times over the past two years has the Bank of England forecast a significant, lasting problem with inflation? The answer is “never”. Yes, the Bank is prepared to accept that inflation might be rather punchy at any one moment in time. The Bank will even acknowledge that inflation…

Nottingham Post

Workers to get pay boost as National Insurance rise reversed - how much will you receive

People will get more money in their pay - full rundown on what you get depending on wage

The Guardian - UK

UK house prices in steepest fall since February 2021; global inflation ‘may be nearing peak’ – as it happened

House prices dropped at fastest monthly rate since February 2021, as newer buyers risk falling into negative equity

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