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The Latest Breaking News from Kwasi Kwarteng

Goldman Sachs sees deeper UK recession after tax U-turn

Goldman Sachs has downgraded Britain's economic outlook and warned of a deeper recession next year after Prime Minister Liz Truss last week removed Kwasi Kwarteng as chancellor and scrapped parts of their unpopular economic package.

Reuters

UK’s Liz Truss struggles to save premiership after tax U-turns

Truss is under pressure after making U-turns on two major policies, as new Chancellor Hunt makes a new budget plan.

Al Jazeera

New UK Treasury chief insists Truss retains control

The new U.K. Treasury chief has insisted that Prime Minister Liz Truss retains control of her government despite having to roll back her signature economic policies weeks into her premiership

The Independent UK

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Liz Truss is now a case study in poor leadership

British prime minister Liz Truss has picked the wrong time and place to discover that leadership may not be quite her thing.

The New Daily

As Truss heads for crucial Monday, signs are that U-turns will not be enough

Jeremy Hunt is trying to reassure hedge funds but UK’s reputation for political stability has been shredded

The Guardian - UK

US President Joe Biden brands Liz Truss's mini-budget a 'mistake'

Ahead of a meeting between Biden and Truss in New York last month he hit out at "trickle down" economic policies, associated in the United States with former President Ronald Reagan and Republicans.

Daily Record

Tory MP says Liz Truss's Government 'treating the whole country as laboratory mice' over economic policy

He called for a 'dramatic reset' and urged the Government to apologise to the electorate

Manchester Evening News

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Jeremy Hunt insists Liz Truss remains 'in charge' as he signals her mini-budget could be scrapped

The new Chancellor, brought in to replace the sacked Kwasi Kwarteng, is now widely seen as the most powerful figure in Westminster.

Daily Record

Joe Biden brands Liz Truss's tax cut plans a 'mistake' in blistering broadside

The US President said he 'wasn't alone' in thinking Liz Truss and Kwasi Kwarteng's plans were going to fail, having previously lashed out at 'trickle-down economics'

Daily Mirror

Joe Biden brands Liz Truss's economic plan a 'mistake'

US President Joe Biden has branded Liz Truss’s economic plan a “mistake” amid continued criticism of the Prime Minister’s policies.

The National (Scotland)

Who is Jeremy Hunt?: New chancellor of the exchequer and former health secretary

Treasury chief has signalled he will have a ‘clean slate’ when it comes to re-examining Kwasi Kwarteng’s disastrous mini-Budget, which spooked global financial markets and piled pressure on Liz Truss

The Independent UK

From ‘best’ budget to a dead parrot: how Tory press turned against Liz Truss

Conservative newspapers struggle to reposition themselves after praising Kwasi Kwarteng’s tax-cutting plans that triggered financial chaos

The Guardian - UK

Liz Truss hasn’t saved her own skin by making a sacrifice of Kwasi Kwarteng

Her premiership is finished. Tory MPs now have to decide how to finish her off

The Guardian - UK

Jeremy Hunt welcomed by Tories as he tears up Liz Truss’s fiscal plan

There’s relief among Conservative MPs as the new chancellor seeks to bring stability back to government

The Guardian - UK

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Evening Standard

‘Send off the clowns’ - Labour launches new attacks on Tories as party gears up for election

In two posters, Labour attacks the Government for damaging the UK’s standing on the world stage and hiking mortgages

The Guardian - UK

Here’s my plan for growth, Liz Truss: rejoin the EU and let its citizens work here

It was no good for the PM and Kwasi Kwarteng to dismiss U-turns on their growth plan as ‘distractions’, the damage is done

The Guardian - UK

The Observer view on Liz Truss and the sacking of Kwasi Kwarteng

Our now titular prime minister has run out of options, but at least the right has finally loosened its grip on the economy

The Guardian - UK

The unravelling: the full story of how Liz Truss lost her way – and her authority in the Tory party

The prime minister ditched her close ally Kwasi Kwarteng to save her own job – but now Conservative MPs are openly plotting to replace her

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Daily Record

Tory MPs plot to get rid of Liz Truss and replace her with ex-MSP Ben Wallace

The Prime Minister could be ousted within days.

Wales Online

Jeremy Hunt: Mini-budget went too far, too fast

The Independent UK

Liz Truss clinging to power as new Chancellor prepares to shred economic plan

Mr Hunt and Ms Truss will meet in her Chequers residence on Sunday as tax rises and spending cuts loom on the horizon.

The Independent UK

Labour attacks Tories in new posters as party gears up for election

In two posters, Labour attacks the Government for damaging the UK’s standing on the world stage and hiking mortgages.

Manchester Evening News

"We have to be honest": New Chancellor Jeremy Hunt's warning as he promises to get economy back on track

He has warned of 'difficult' economic decisions to come

Daily Mirror

Liz Truss's premiership 'hanging by a thread' as Tory MPs plot to get rid of PM

On Friday she fired her friend, Chancellor Kwasi Kwarteng, for delivering the mini-budget she ordered and did another U-turn on taxes, but that did not halt economic turmoil

Evening Standard

Jeremy Hunt warns of ‘difficult decisions’ ahead amid reports of delay to basic rate tax cut

The Chancellor is reportedly considering delaying the 1p cut to the basic rate of income tax by a year

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