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The Latest Breaking News from Kwasi Kwarteng

Shock fall in monthly growth leads to new fears of recession

Markets’ jitters over Kwasi Kwarteng’s plan continue

Evening Standard

Tory voters could abandon party if house prices fall, poll shows

Homeowners who voted Tory in 2019 would be put off backing the party at the next General Election if property prices fall, a new survey has found.

Evening Standard

Liz Truss promises NO cuts despite '£60bn needed' as Keir Starmer blasts her 'madness'

Liz Truss was facing angry MPs who are demanding she tears up more of her mini-Budget - after a month with no PMQS that has been marked by U-turns and financial turmoil

Daily Mirror

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Bank of England reveals its scheme to protect market will end on Friday

There were reports it might be extended past Friday

Wales Online

How the pound is performing against other currencies

The pound fell against the Albanian Lek, the Lebanese pound, and the Malaysian Ringgit, among many others

The Independent UK

Jacob Rees-Mogg accuses BBC of bias over 'speculative' reporting on mini-Budget

JACOB Rees-Mogg has criticised the BBC ’s reporting of the economic turmoil witnessed in the wake of the government’s mini-budget, claiming…

The National (Scotland)

Tetchy Jacob Rees-Mogg suggests mini-Budget had nothing to do with economic chaos

In a tetchy interview, the Business Secretary accused the BBC of breaching its impartiality guidelines by questioning him on the fallout after Chancellor Kwasi Kwarteng's tax-cutting blitz spooked markets

Daily Mirror

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Liz Truss’ history of U-turns after first major reversals as prime minister

PM is no stranger to about-turns, both large and small

The Independent UK

South West businesses blame 'hare-brained' mini-Budget as recession risk rises

The cost-of-living crisis is taking its toll on businesses with firms calling on the government to do more to help

Birmingham Post

What time will Liz Truss face Commons in PMQs today and how to watch?

Tory leader to square off against Sir Keir Starmer after market mayhem

The Independent UK

Pound falls further as Bank of England warns market support will end soon

THE pound fell again overnight after the Bank of England governor warned its emergency support package for the markets would end on Friday.

The National (Scotland)

Kwasi Kwarteng’s ‘original sin’ caused UK turmoil, says ex-Bank of England deputy

Sir Charlie Bean says Bank could extend emergency action to ease ‘pressure’ on government

The Independent UK

Risk of recession rises as UK economy shrinks in August

THE risk of a recession has risen after the UK’s economy shrank in August as factories and consumer services firms struggled, according to…

The National (Scotland)

Jacob Rees-Mogg claims parts of economy in ‘good state’ and insists pensions safe

Cabinet minister clashes with BBC host – and reveals his own mortgage payments have gone up

The Independent UK

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The Guardian - UK

Populist rhetoric without the popularity – Truss’s guaranteed recipe for failure

At least Brexit had an electoral mandate. The PM’s project of economic self-harm is neither politically nor morally feasible, says Guardian columnist Rafael Behr

Wales Online

Pound falls after Bank of England warns market support will end in days

There is continuing market turmoil in the wake of Chancellor Kwasi Kwarteng’s mini-budget

Evening Standard

London politics latest LIVE: Liz Truss faces pressure for tax cut U-turn after insisting public spending will not be slashed

Treasury Select Committee chairman Mel Stride suggested Kwasi Kwarteng will need to show a ‘clear change in tack’ to satisfy markets after Liz Truss ruled out public spending cuts

The Guardian - UK

Wednesday briefing: How much time will Conservative MPs give Liz Truss?

In today’s newsletter: Liz Truss gives her first PMQs since the fiscal statement that blew up her premiership and may hope to calm colleagues. But from benefits cuts to despairing backbenchers, she has a lot to deal with

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Evening Standard

Pound wobbles as Bank of England warns market support will end on Friday

Governor Andrew Bailey warned there could be no further extension beyond the end of the week

The Independent UK

Pound - live: Ex-Bank of England deputy says Truss tax cuts behind market turmoil

Bank of England’s announcement triggers further uproar in financial markets as pound slips again

Daily Record

Loss of trust could come back to bite the Tories

Record View says the damage caused by this government in just one month could take years to fix.

Wales Online

New pension fund warning sparks fresh slump in the pound

Bank of England governor says UK government bond market now poses a 'material risk to UK financial stability'

The Independent UK

Pound plunges as Bank of England warns market emergency support will end on Friday

Sterling fell more than a cent against the dollar to its lowest rate since 29 September

The Independent UK

Liz Truss to face MPs after mini-budget wreaks financial chaos

Governor Andrew Bailey sparked more market turmoil after he said Bank of England support will end on Friday.

Daily Mirror

One in five of all families face having their benefits cut in 200 Tory seats

New research shows the scale of the disaster hitting not just Brits on benefits, but the MPs they could turf out of office if Liz Truss goes ahead with plans to cut benefits

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