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The Latest Breaking News from Kwasi Kwarteng

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…

Evening Standard

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

Nottingham Post

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

The Guardian - UK

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National insurance tax cut: what it means for you

The rise of 1.25p in the pound that employees have been paying since April is being reversed

The Guardian - UK

Thousands gather as Liz Truss effigy with laughing lettuce burnt on Bonfire Night

Effigies of Matt Hancock and Dominic Cummings have been burnt in past years

The Independent UK

Rishi Sunak reviewing Northern Powerhouse Rail and other infrastructure projects

There has also been speculation that the Sizewell C nuclear power plant could be delayed or scrapped.

The Independent UK

Former Treasury minister blames Liz Truss and Kwasi Kwarteng for budget chaos

A former Treasury minister has repeatedly refused to apologise for his role in Liz Truss’s disastrous “mini-budget” which nearly crashed the economy.

Evening Standard

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Hunt's double whammy: What the Chancellor's autumn statement will mean for you

Experts predict how the drastic measures needed to fill Liz Truss's £50bn black hole will affect Britons

Wales Online

BT is feeling the squeeze as inflation clouds its future

Telecoms company warns of job cuts as cost pressures and energy bills threaten its financial plans

The Guardian - UK

Liz Truss with laughing lettuce to be burned as Bonfire Night effigy

The former prime minister was only in office 49 days and is the shortest serving leader in British history

The Independent UK

Gilt yields are now well below pre Kamikwarsi levels. So why not mortgage rates?

Home loan rates rose like a rocket...but appear to be falling like a feather

Evening Standard

Home-buyer mortgage approvals fall significantly amid market 'panic'

Mortgage approvals for house purchases decreased to 66,800 in September, down from 74,400 in August, the Bank of England said

Wales Online

Royal Mail group says potential national security probe will not go ahead

Government had raised concerns over Czech billionaire's stake in company

Wales Online

Home-buyer mortgage approvals fell significantly in September

Mortgage approvals for house purchases decreased to 66,800 in September, down from 74,400 in August, the Bank of England said.

The Independent UK

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Daily Mirror

Former Army boss blasts Liz Truss 'ill discipline' over Kremlin phone hack

Lord Dannatt, who was Chief of the General Staff from 2006 to 2009, voiced his disbelief that the former Prime Minister was using a personal mobile phone for government business after it emerged she had been hacked

The Guardian - UK

The Tories are trashing more than just the nation

Keeping my act topical, given our chaotic government, is getting beyond a joke

The Guardian - UK

Taking back control? It’s the markets that are sovereign over Brexit Britain

Economic crises of the past offered a clear warning about the foolhardiness of the Truss-Kwarteng debacle

The Guardian - UK

‘Don’t embarrass the king’: Liz Truss told to forgo a lengthy honours list

Former prime minister could be told to limit rewards for allies and friends after her disastrous seven-week tenure

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The Guardian - UK

Michael Gove says Tories should apologise for Liz Truss’s ‘holiday from reality’

Reinstalled levelling up secretary says he understands public anger at party’s choice of Truss and her tax cuts for the rich

Reuters

Truss phone was hacked by suspected Putin agents when she was foreign minister - report

Former British Prime Minister Liz Truss's personal phone was hacked by suspected agents working for Russian President Vladimir Putin when she was foreign minister, the Daily Mail reported on Saturday.

Bangkok Post

Trussonomics: No better than 'liberty' lettuce

Following the brutal market backlash against her plans for unfunded tax cuts and tens of billions of pounds in additional spending, Liz Truss resigned as British prime minister, succeeded by her Tory rival, Rishi Sunak. The international media is now struggling to make sense of it all, but the task…

The Independent UK

Conservative Party receives £3.6m from hedge fund tycoons and finance firms

Exclusive: Donors include hedge fund boss said to have benefited from drop in pound following Kwasi Kwarteng’s mini-Budget

Irish Mirror

Tetchy scenes in Dail as Tanaiste Leo Varadkar calls Pearse Doherty 'Kwasi Doherty' and compares Sinn Fein to Liz Truss' failed Tory government

The Fine Gael leader said that it would take Sinn Féin one Budget to 'wreck the economy' under 'Kwasi Doherty'

The National (Scotland)

FMQs Sketch: Nicola Sturgeon and Douglas Ross engage in pre-Halloween rammy

AT the last FMQs before October recess, Liz Truss was the prime minister, Kwasi Kwarteng was the chancellor and Douglas Ross claimed to be very…

Evening Standard

How Liz Truss and Kwasi Kwarteng might patch things up

Liz Truss and Kwasi Kwarteng

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