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The Latest Breaking News from Kwasi Kwarteng

Martin Lewis' stark advice to first-time buyers who are ready to buy a house

'We're working with so many variables it's incredibly complex right now'

Wales Online

Tory MPs not party members should decide on leader, says William Hague

Better for MPs to have ‘full say’ rather than grassroots, says former Tory leader

The Independent UK

Priti Patel says Tories will 'live and die' by economy and must 'regain' credibility

The former Home Secretary is expected to tell a conference meeting later that the Tories will "live or die" by its economic credibility - after nearly two weeks of chaos following the mini-budget and a screeching U-turn on tax cuts for the rich

Daily Mirror

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Liz Truss: how to understand polls that give Labour an enormous lead – and why the Tories are right to fear a major election loss

When Chancellor Kwasi Kwarteng announced that he would not be going ahead with his plan to scrap the top rate of tax in the UK, he claimed that he had done so because “he listened” to the public. There had indeed been a widespread outcry over his plan, set out…

The Conversation

'Tories will never have to get it, yet another U-turn is a further kick in the teeth'

As the Chancellor Kwasi Kwarteng attempted to put the horror show of the past 10 days to bed, his U-turn only served to show the Tories aren't "listening" at all

Daily Mirror

Liz Truss’ history of U-turns after first major reversal as Prime Minister

The Tory frontrunner has performed many U-turns, big and small

The Independent UK

Priti Patel accuses Liz Truss of spending ‘with no thought of tomorrow’

Former home secretary says Tories ‘live or die’ on their economic credibility

The Independent UK

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UK's Truss vows to listen as she reels from policy U-turns

British Prime Minister Liz Truss has insisted she is leading “a listening government” that learns from its mistakes

The Independent UK

Liz Truss under pressure over benefits as she refuses to rule out real terms cut

Senior former Welsh Tory minister Stephen Crabb says the U-turns so far have not been enough to pacify anger on Conservative benches

Wales Online

Liz Truss refuses to rule out real terms cuts to Universal Credit as pressure mounts on PM

The Prime Minister is reportedly considering raising benefits in line with earnings rather than inflation - and telling claimants it is unfair to receive a higher raise than workers.

Daily Record

Kwarteng bringing forward debt plan could calm markets, says top Tory MP

Mel Stride, chair of Treasury committee, says move could also mean smaller interest rate rises

The Guardian - UK

Truss faces new challenge over UK welfare payments

British Prime Minister Liz Truss triggered a new row in her party on Tuesday by suggesting she could limit increases in benefit payments to less than soaring inflation as she seeks ways to fund her tax-cutting growth plan.

Reuters

UK's embattled govt stares at new U-turn on economy

Birmingham (United Kingdom) (AFP) - Britain's Prime Minister Liz Truss defended her contentious plan to kick-start economic growth through tax cuts, despite expectations Tuesday of a second damaging U-turn.

AFP

Markets rally, dollar dips as US data tempers rate fears

Hong Kong (AFP) - Asian markets rallied Tuesday and the dollar eased after weak US factory data sparked optimism that a series of big interest rate hikes were taking their toll, allowing the Federal Reserve to ease its foot off the pedal.

AFP

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Evening Standard

Watch: Kwarteng shrugs off ‘little turbulence’ after U-turn over tax cut for rich

Kwasi Kwarteng has sought to shrug off the chaos that triggered his astonishing U-turn on income tax cuts for the highest earners as a “little turbulence” as he battled to regain authority. The Chancellor remarked it had been a “tough” day as he told Conservative members in his set-piece conference…

The Independent UK

Pound bounces back in Asia trading after Liz Truss’s tax plan U-turn

Sterling is at its highest value against dollar since 22 September

Evening Standard

Liz Truss fights for ‘hearts and minds’ of Tory MPs as revolt deepens

String of Tory MPs line up to raise fears on benefits cuts

Wales Online

Row over Universal Credit and other DWP benefits amid fears of Liz Truss cut

Ms Truss and Kwasi Kwarteng may announce a real-terms cut in benefits

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news in one place.

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The Guardian - UK

Pound at two-week high as FTSE 100 posts best day since June – as it happened

Chancellor denies reports that he will bring his medium-term fiscal plans forward to this month, despite pressure from markets and MPs

The Independent UK

Liz Truss news – live: Braverman backs 45p tax rate cut and claims U-turn was ‘coup’

Truss faces a new battle with her MPs on welfare after 45p tax rate U-turn

Reuters

Britain's weakened Truss faces fight for credibility

British Prime Minister Liz Truss had hoped her governing Conservative Party's annual conference would be her crowning glory, but instead she was forced into a humiliating U-turn that has left her, and her team, fighting for credibility.

The National (Scotland)

Players will be cut adrift by scrapping of EuroPro Tour - Nick Rodger

Can you remember when the late Jeremy Beadle used to play all manner of pranks on unsuspecting members of the public and would tease them into a…

Wales Online

Chancellor Kwasi Kwarteng makes second U-turn in two days as he promises to set out debt plan earlier than planned

Kwasi Kwarteng has made the change after markets reacted badly to his package of tax cuts

The Guardian - UK

Tuesday briefing: The Truss thinkers that tanked the Tories

In today’s newsletter: Free market thinktanks are rejoicing at Kwasi Kwarteng’s neo-Thatcherism. But how do they operate – and what might their influence mean for Britain?

The Guardian - UK

Kwasi Kwarteng may have U-turned, but huge spending cuts are still coming

The government is clinging to £43bn of tax cuts. Public services and those on benefits will feel the pain, says former prime minister Gordon Brown

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