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The Latest Breaking News from Kwasi Kwarteng

Senior Tory warns Truss economic U-turn must be ‘significant’

Mel Stride says that markets won’t be settled if government’s policy change just ‘nibbles at the edges’

The Guardian - UK

Kwasi Kwarteng reportedly believes Liz Truss ‘only has a few weeks’ – as it happened

Source close to sacked chancellor briefs Times that ‘wagons are still going to circle’ around embattled prime minsiter

The Guardian - UK

Kwasi Kwarteng hits 46-year record low for Chancellors after mini-budget - poll

Exclusive: Poll shows 65 per cent adults in Britain dissatisfied with Chancellor

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

UK's Truss sacrifices finance minister, scraps tax plan in fight to survive

British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng and scrapped parts of their unpopular economic package on Friday in a desperate bid for political survival less than 40 days into her premiership.

Reuters

‘Disastrous’: Martin Lewis issues stark warning about the UK economy at NTAs

The Money Saving Expert founder won the expert prize at the annual TV awards

The Independent UK

Kwasi Kwarteng dashes home early from US for tax U-turn talks as minister insists chancellor’s job is safe

Chancellor leaves IMF meetings early but trade minister Greg Hands downplays significance

The Independent UK

London politics latest LIVE: Truss fights to save premiership after corporation tax U-turn and Kwarteng sacking

Jeremy Hunt is the fourth chancellor this year as Liz Truss seeks to shore up support following her disastrous mini-budget

Evening Standard

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Kwasi Kwarteng accused of ‘Corbynism by another name’ as he flies home for crisis talks with Liz Truss

The Chancellor returns to UK for crisis talks with PM following weeks of economic turmoil

Evening Standard

Pound selloff intensifies, government bond, FTSE rally fades after Liz Truss press conference – as it happened

Liz Truss announces U-turn on corporation tax but fails to give the reassurances the public and markets were looking for

The Guardian - UK

Kwasi Kwarteng cuts US trip short for 'crunch talks' with Liz Truss amid expectation of another major U-turn

The Chancellor will fly back to the UK early as pressure grows on the government

Manchester Evening News

FTSE 100 Live: Truss scraps corporation tax cut; Hunt replaces Kwarteng

Liz Truss has U-turned on her policy to block a planned rise in the rate of corporation tax. Speaking at a press conference in Downing Street, the PM said: “Parts of our mini budget went further and faster than markets were expecting...we will do whatever is necessary to ensure debt…

Evening Standard

Friday briefing: How to understand gilts, yields and the Bank of England’s action to aid the economy

In today’s newsletter: Today the UK central bank is due to end its rare, urgent bond-buying to help stabilise the economy – but why, and what does it mean for you?

The Guardian - UK

Kwasi Kwarteng rushing back to UK as more mini-budget U-turns are on table

The Chancellor has scrapped meetings in the USA to fly back home early as Liz Truss fends off a leadership challenge from two former rivals

Wales Online

Truss may ditch Budget pledge on corporation tax in new U-turn

Markets believe move is in the works as pressure grows on Prime Minister and Chancellor

Wales Online

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The Independent UK

Liz Truss news - live: Kwasi Kwarteng sacked as chancellor ahead of press conference

PM to make announcement after days of pressure from backbenchers

Daily Mirror

Kwasi Kwarteng cuts short US trip as Liz Truss faces crisis with tax U-turn expected

Chancellor Kwasi Kwarteng is cutting short a trip to Washington, to fly home and tackle the financial chaos caused from his mini-budget with pressure growing on him and Prime Minister Liz Truss

The Guardian - UK

Kwasi Kwarteng dashes home early from US amid tax U-turn chaos

Chancellor cuts short International Monetary Fund meetings after insisting his job is safe, as Liz Truss appears to take reins on corporation tax cut

The Independent UK

Senior Tories ‘holding talks over replacing Truss with Sunak and Mordaunt alliance’

Plot comes as MPs say prime minister has ‘no credibility left’

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news in one place.

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Daily Mirror

Tories 'plotting to replace Liz Truss with Rishi Sunak and Penny Mordaunt pact'

Liz Truss is said to be thinking of another mini-Budget U-turn as speculation grows that her days are numbered, with senior Tory MPs reportedly plotting a replacement

Al Jazeera

IMF chief rebukes UK officials over ‘policy coherence’

Kristalina Georgieva told UK’s finance minister and central bank chief that their policies should not be contradictory.

The National (Scotland)

Kwasi Kwarteng says he's not resigning as Chancellor despite 'inevitable' U-turn reports

KWASI Kwarteng appeared not to rule out a U-turn on corporation tax amid growing pressure to abandon more elements of the mini-budget that have…

Evening Standard

Kwarteng says ‘let’s see’ on corporation tax U-turn as pressure mounts

Chancellor hints at possible change of course on mini-budget amid growing Tory calls for rethink

Manchester Evening News

Chancellor says 'let's see' on corporation tax U-turn despite growing pressure

Kwasi Kwarteng could not commit to, nor rule out, a u-turn on yet another policy from the recent mini-budget

The Guardian - UK

‘Let’s see’: pressure builds for No 10 U-turn on corporation tax

Reversing key plank of her leadership pitch would be much bigger humiliation for Liz Truss than 45p rate U-turn

The Guardian - UK

How Liz Truss dug in over pledge to axe corporation tax rise

With speculation mounting of another mini-budget U-turn, we look at what the PM and her allies said about her policy

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