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The Latest Breaking News from Kwasi Kwarteng

No easy way out of Truss’ ideological insanity, with Britons set to be the losers

Where to now for Liz Truss and Chancellor Kwasi Kwarteng? If they won’t ditch their tax cuts, there are no good options for them — or the UK.

Crikey

Truss to attend European Political Community meeting despite criticism of it

It comes as new mini-Budget causes political and financial turmoil

The Independent UK

Kwasi Kwarteng and Liz Truss to meet OBR chief amid UK market turmoil

Liz Truss and Kwasi Kwarteng due to meet with the head of the Office of Budget Responsibility on Friday - after days of market turmoil following Friday’s mini-budget.

Evening Standard

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

Liz Truss holds emergency talks with budget watchdog after failing to calm markets

Liz Truss was due to hold emergency talks with the Office for Budget Responsibility today as the Government scrambles to calm market panic in the wake of the disastrous mini-Budget

Daily Mirror

Truss and Kwarteng to hold crunch talks with OBR amid market turmoil

Treasury and Downing Street sources deny suggestions it will be an emergency meeting

Wales Online

'My university nemesis Liz Truss - her priority was attacking role of Women’s Officer'

She thrived on controversy – and could pick a fight with herself if no one else was available. Under fire, she had the same emotional detachment with which she ploughed through yesterday morning’s local radio round

Daily Mirror

Liz Truss to hold meeting with OBR amid market alarm at mini-Budget

OBR says it offered to produce forecast for mini-Budget but Treasury declined

The Independent UK

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Kwasi Kwarteng appeals for Tory unity as poll gives Labour 33-point lead

Worries among Tory MPs that the fallout from the mini-Budget could hurt them at the ballot box were dramatically underlined by the YouGov poll

Evening Standard

Liz Truss to hold emergency talks with OBR after failing to calm markets

Exclusive: in unusual move, PM and Kwasi Kwarteng will meet fiscal watchdog after mini-budget sparked investor panic

The Guardian - UK

Councils are in 'short-term survival mode' and 'beyond the pretence' of planning for the medium term, warns finance chief

Ben Smith said he expected Swansea Council to be 'okay for this year' but that a 'cliff edge' was looming next April

Wales Online

Liz Truss and Kwasi Kwarteng double down on mini-budget as Chancellor visits Darlington

Liz Truss and Kwasi Kwarteng have insisted their £45bn package of tax cuts is the "right plan" despite chaos on financial markets, and fears of rocketing mortgage bills

Chronicle Live

Kwasi Kwarteng raises prospect of real-terms benefits cut despite tax boost for rich

The under-fire Chancellor said it would be "premature" for him to "come to a decision" on increasing benefits in line with inflation amid the economic turmoil

Daily Mirror

Sadiq Khan says Rupa Huq’s remarks about Kwasi Kwarteng were racist but she is not

London mayor Sadiq Khan said comments made by London MP Rupa Huq about the chancellor were “racist” but insisted she herself is not.

Evening Standard

Grinning Liz Truss says it's not her job to give mortgage advice as budget causes chaos

The shameless Prime Minister also appeared to deflect blame for rising interest rates onto the Bank of England and claimed a global global economic pressure is responsible for the UK's woes - despite no other currencies plummeting to the same extent

Daily Mirror

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The Guardian - UK

What’s Next for Britain? Simon Wolfson’s prediction isn’t cheery

Share price fell 13% after CEO’s warning worst is to come, but scale of uncertainty makes precise projections impossible

The Independent UK

Labour surges to 33-point lead against Tories after days of turmoil

Liz Truss’s Government has been engulfed in a political and economic crisis since Friday’s mini-budget.

The Guardian - UK

The Guardian view on the UK economy: sack Kwarteng, oust Truss

Editorial: The crisis was created by the new government. But the British people, not ministers, are paying the price

The Independent UK

Bombshell polls throw massive question mark over Liz Truss’s future as PM

Tory meltdown after ‘unforced error’ Budget gifts Keir Starmer leads of up to 33 points

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news in one place.

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Manchester Evening News

We asked every Tory MP in Greater Manchester what they thought about the mini-budget - not one of them replied

There are eight Conservative MPs in the region

The Guardian - UK

Treasury watchdog to ask Kwarteng to hand over growth forecasts

Tory chair Mel Stride says committee needs to hear how chancellor will boost growth, and suggests one option might be via immigration

The Guardian - UK

Doom loops and margin calls: 10 terms that explain the market meltdown

Your one-stop shop for all the jargon you’ve been reading since Kwasi Kwarteng’s mini-budget

The Independent UK

Cross-party MPs demand Kwasi Kwarteng brings forward next ‘fiscal event’

The Treasury Select Committee, chaired by an influential Tory MP, said the Chancellor should reveal his medium-term fiscal plan at the end of October.

AFP

UK PM vows to get borrowing 'back on track' after market turmoil over tax cuts

London (AFP) - UK Prime Minister Liz Truss defended her tax-slashing plans Thursday but vowed to "get borrowing back on track", after nearly a week of silence when markets tanked and the Bank of England was forced into an emergency intervention.

The Conversation

Truss's mini-budget chaos is unsettling an already-fractured Conservative Party – but is removing her worth the risk?

Prime Minister Liz Truss entered office with the less-than-ideal backdrop of a cost of living crisis and war in Ukraine. The economic turmoil her government has waged is already creating more problems for her.

Newsroom.co.nz

The UK's economic turmoil doesn't have to be ours

Lack of coordination between monetary and fiscal policy is hurting the UK economy and threatening a global currency crisis. What might that mean for NZ?

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