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The Latest Breaking News from Kwasi Kwarteng

After a disastrous mini-budget can Liz Truss tackle the myriad crises looming ahead?

The PM’s in tray looks ever more challenging with warnings of winter blackouts, NHS winter crisis and nuclear threat from Russia

The Guardian - UK

Volatility of sterling disrupts winter sun holiday planning – survey

The pound plunged to historic lows against the US dollar in the wake of Chancellor Kwasi Kwarteng’s mini-budget on September 23.

The Independent UK

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

The Guardian - UK

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Piers Morgan brands Liz Truss ‘unmitigated shambles’ in fiery Question Time appearance

The presenter said that the Tories' mini-budget was a 'reckless gamble' as he clashed with minister Nadhim Zahawi

Chronicle Live

‘Winding up the other side’: leftwing designers CGI-bomb Tory speeches

Group posted video of Kwarteng in front of TV clips about the falling pound, then went for Truss and Braverman

The Guardian - UK

The Welsh, Scottish and Northern Irish governments issue three demands to UK Government

The devolved nations have written an urgent letter to Chancellor Kwasi Kwarteng

Wales Online

Could the Labour Party win a British election?

Polls suggest Liz Truss, the new British prime minister, is far from popular, while Labour enjoys a boost.

Al Jazeera

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Piers Morgan slams 'unmitigated shambles' Liz Truss and urges Tories to 'get rid'

Piers Morgan lived up to expectations during his stint on the Question Time panel this evening - branding Liz Truss a failure and calling for the Tories to oust her from her position, following the under-fire Prime Minister playing 'casino politics' with the economy

Daily Mirror

Mortgage rates set for 20-year high as house prices dive nearly 10 per cent

Amid ongoing successive economic crises, mortgage rates are now set to hit a 20-year high as experts also warn house prices might fall by as much as 8 per cent

Daily Mirror

Meltdown averted – but risk of repeat is obvious question Bank needs to answer

BoE has spelt out what was at stake when events last week turned extreme, though surely not unimaginable

The Guardian - UK

Angela Rayner demands inquiries into string of ethics issues from Liz Truss’s first month in No 10

Exclusive: Prime minister allowing sleaze to ‘fester’ at heart of government, Labour claims

The Independent UK

Revealed: rightwing ‘slash and burn’ ideas that could be blueprint for Truss

Exclusive: Free Market Forum suggests scrapping free childcare hours and abolishing corporation tax

The Guardian - UK

More than half of voters think Truss and Kwarteng should resign - poll

Exclusive: Majority think government’s economic package favours the rich and will be bad for UK

The Independent UK

Liz Truss: this is what happens when governments pursue growth at all costs

When Chancellor Kwasi Kwarteng unveiled his mini-budget on September 23, he was making it clear that the government is prioritising economic growth over inflation – which was one reason the financial markets reacted so badly to his plan.

The Conversation

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Chronicle Live

Fears that families claiming Universal Credit from DWP face losing £1000

UK's poorest households with children stand to get far less than expected next year if Government changes the way increases are worked out

The Independent UK

Ratings agency Fitch downgrades UK credit outlook to ‘negative’

Chancellor’s plan could lead to a ‘significant increase in fiscal deficits over the medium term’, ratings agency warms

Daily Mirror

Keir Starmer brands Liz Truss 'destroyer of growth' with 'kamikaze' mini Budget

The furious Labour leader said Liz Truss's mini-Budget was 'as anti-growth as you could possibly be'

Wales Online

Households on every income to be worse off in three years after mini-budget, study claims

The freezes will take away £2 for every £1 given to households through tax cuts, the study suggests

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The Guardian - UK

Britain is learning a painful lesson: what happens in ‘emerging markets’ could also happen here

The UK thought it would be protected from the volatility seen in ‘developing’ countries. Now, cracks are beginning to appear, says law lecturer Kojo Koram

Liverpool Echo

What economy chaos will mean for Merseyside mortgages

New analysis shows hundreds of pounds will be added to payments as Labour tells government to reverse plans

The Independent UK

Bank of England intervention prevented destructive ‘spiral’ after mini-Budget

Threat to pension funds could have triggered ‘widespread financial instability’

The Guardian - UK

This economic chaos is a form of class war on the British public

Trussonomics is the sharp end. But other, structural factors are also driving a systemic assault on working people, says economics professor Daniela Gabor

Financial Times

The cracks in the Cult of the Dead Leader

What worshipping Margaret Thatcher can’t do for UK Conservatives

The Guardian - UK

Kwarteng considers extending mortgage guarantee scheme

Initiative may continue beyond December as bank bosses raise concerns over mortgage market

Daily Mirror

Tory party 'tearing themselves to pieces' in 'world's biggest pantomime'

The Conservative party annual conference saw ministers turning on one another as new Prime Minister Liz Truss 'p***** off' her party and the country rumbled through crisis after crisis

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