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The Latest Breaking News from Kwasi Kwarteng

Have all the slugs slithered up north?

Brief letters: Sluggish behaviour | Currency crimes | A numbers game | Catchphrase of the year | Going nowhere

The Guardian - UK

Poorest in society will pay most for Tory tax cuts, Kwasi Kwarteng signals

Kwasi Kwarteng refused to say if benefits would rise with inflation next April amid warnings that families face destitution if they do not.

Daily Record

Of course Rupa Huq was wrong, but why is it the left that always gets it in the neck for racism?

In this climate, anti-racists are always one mistake away from disgrace, while rightwingers who cause division get away scot-free, says writer Nelson Abbey

The Guardian - UK

From analysis to the latest developments in health,
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Douglas Ross ‘concerned’ about his mortgage – despite backing Tory mini-budget

THE leader of the Scottish Conservatives has said mortgage payments are “an absolutely huge concern” – despite backing the UK Government’s…

The National (Scotland)

Read in full: Kwasi Kwarteng's message to MPs explaining economic chaos

CHANCELLOR Kwasi Kwarteng has messaged Tory MPs encouraging them to “remain focused” despite market turmoil this week.

The National (Scotland)

Rationale behind abolition of 45p tax rate reflects failed ideology

Figures show the cut to top tax rate will not reduce avoidance, bring people to the UK or make people work harder

The Guardian - UK

Labour more trusted than Conservatives on the economy – poll

Ipsos surveyed 1,000 adults after Kwasi Kwarteng’s mini-budget on Friday.

The Independent UK

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A global problem? Liz Truss’s claims on financial chaos fact-checked

We look at claims made by the PM and the chief secretary to the Treasury that have raised eyebrows

The Guardian - UK

Kwasi Kwarteng breaks silence after mini-budget tanks markets - insisting plan will work

The under-fire Chancellor facts calls to quit after the Bank of England was forced to intervene to prevent pensions firms from collapsing following his catastrophic mini budget

Daily Mirror

What do Tory MPs think of Liz Truss? A ‘toxic bomb’ that could sink the party

Less than a month in, the PM’s political capital is draining away. And party conference is unlikely to offer any relief, says Spectator deputy political editor Katy Balls

The Guardian - UK

Chancellor insists UK Government 'sticking to growth plan' despite market turmoil

The Chancellor is refusing to U-turn on his plans despite the economic implications and said his mini-budget will "help people"

The National (Scotland)

Trussonomics has been exposed as a childish absurdity. Trussopolitics is even worse

The prime minister and Kwasi Kwarteng must now eat humble pie and try to steer Britain out of the crisis they created, says Guardian columnist Simon Jenkins

The Guardian - UK

Liz Truss warned businesses will ‘go on strike’ by halting investment without clear plan

Companies ‘won’t invest until they see some clarity’, says business chief Martin Sorrell

The Independent UK

More than 40% of mortgages withdrawn as market reels after mini-budget

Lenders began pulling products on Monday as they struggled to price products amid financial uncertainty

The Guardian - UK

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The Independent UK

What would happen if the IMF bailed out Britain?

Fund issues rare rebuke to UK warning against pursuing Kwasi Kwarteng’s tax-slashing agenda

The Independent UK

What are government bonds and how will the Bank of England use them to stabilise markets?

Threadneedle Street intervenes to buy up long-dated gilts and ‘restore orderly market conditions’

Evening Standard

Liz Truss defends mini-Budget as the ‘right plan’

Prime Minister Liz Truss has defended her Chancellor’s mini-Budget as the “right plan” as she began a series of regional interviews on Thursday morning. After the pound plummeted following Kwasi Kwarteng’s intervention last week, the prime minister was attempting to restore confidence in the market as she takes on 24…

The Independent UK

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

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news in one place.

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The Independent UK

Pound to dollar: Why is the sterling so weak?

Currency tumbles again as Bank of England warned it is ending support package for pension funds on 14 October

Evening Standard

There was a way to try ‘Singapore-on-Thames’ but not like this

Concern about the Truss-Kwarteng “dash for growth” mini-budget has morphed into the threat of a full-scale financial crisis, prompting the Bank of England to do more quantitative easing to ease panic in the market for government bonds.

Daily Record

Nicola Sturgeon confirms Scottish Government won't repeat Tory tax cuts that 'crashed the pound'

The First Minister warned some Scots were now "terrified" of their ability to heat their homes and pay their mortgages this winter.

Evening Standard

Liz Truss says ‘we have the right plan’ despite economic turmoil

But ex-Bank chief takes aim at PM and Kwarteng

Evening Standard

Tory Party Conference 2022: When is Chancellor Kwasi Kwarteng’s speech today?

The Tory Party Conference will feature speeches from a number of prominent Conservatives, including Prime Minister Liz Truss and Chancellor Kwasi Kwarteng

The Independent UK

Liz Truss demands spending cuts in ‘plenty of areas’ of public services

Government warned against ‘act of national vandalism’ after call for ‘efficiencies’

Evening Standard

I am clinging to my surefire tactic to get through these days of anxiety

These are anxiety-inducing days. The pound tanking, interest rates rising, mortgage payments set to increase — and that’s just this week’s bad news. Then there’s the worries we all have that only our nearest and dearest will usually know about. In my case, I wake up every morning unsure if…

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