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The Latest Breaking News from Kwasi Kwarteng

Inside 'unnerving' Labour conference as party dares to set its sights on power

The Labour Party is finally daring to dare to dream of power in two years' time. We found this year's conference in Liverpool so calm, one ally of Keir Starmer called it 'unnerving'

Daily Mirror

Stick, twist … or sack Kwasi Kwarteng? The choices facing Liz Truss

We rate PM’s likely next steps as she sets about navigating path through crisis of her government’s making

The Guardian - UK

'Where is Liz Truss?' Opponents demand answers and recall of parliament to deal with financial crisis

Labour and the SNP called on the Westminster government to face the Commons and the markets as the Bank of England intervened with reserves to keep the UK economy stable.

Daily Record

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Truss mini-budget blasted as ‘inept madness’ by senior Tory

MP compares chaos following Kwasi Kwarteng tax giveaway to Black Wednesday

The Independent UK

Keir Starmer demands Parliament recall over economy as 'inept madness' sparks Tory fury

The Labour leader says the turmoil in the financial markets is 'self inflicted' with the crisis 'made in Downing Street' last week with the mini-Budget

Daily Mirror

Those profiting from pound plummet - Tory donor who placed bet and 'Truss supporters'

Crispin Odey was so confident with his prediction on the pound that he spent the day of the mini-budget shooting grouse

Daily Mirror

Truss urged by Starmer to recall Parliament as pound slumps despite Bank of England intervention

Labour leader adds to pressure on prime minister to call MPs back from conference recess to debate financial crisis

The Independent UK

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Nicola Sturgeon warns UK is in 'financial crisis' and result could be worse than 2008 banking crash

The First Minister said it was inevitable there would be a sharp rise in interest rates - which would hit Scots with mortgages and credit card debt hard.

Daily Record

Liz Truss told to ‘come out of hiding’ over market turmoil triggered by budget

Prime minister accused of ‘disappearing without trace’ – even as Bank warns financial stability at ‘material risk’

The Independent UK

'They have to go': Tory MPs round on Liz Truss as UK economy plunges into crisis

LIZ Truss’s days as Prime Minister could be numbered less than a month after she entered No 10 – with a rebellion brewing among Tory MPs as the…

The National (Scotland)

Cristiano Ronaldo to save £1.4m in tax while Man Utd's debt rises by £80m

Chancellor Kwasi Kwarteng’s mini-budget has raised eyebrows across the world but Premier League stars will be left with more in their bank accounts despite clubs being hit hard by cost of living crisis and currency collapse

Daily Mirror

BoE intervenes as IMF criticises UK budget

London (AFP) - The Bank of England stepped in Wednesday to shore up market confidence after the International Monetary Fund criticised Britain's inflation-fighting budget.

AFP

Bank of England takes emergency action to prevent 'material risk' to economy

The Bank announced it was stepping in to buy Government bonds - known as gilts - at an "urgent pace" after fears over the Government's economic policies sent the pound tumbling and sparked a sell-off in the gilts market.

Daily Record

Bank of England begins emergency bond-buying as UK borrowing costs soar

Chancellor moves to reassure markets after his 'mini-budget' on Friday sent Sterling to an all-time low against the Dollar

Insider UK

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The National (Scotland)

Nicola Sturgeon speaks out as Tories land UK 'in grip of economic crisis'

THE First Minister of Scotland has demanded action from the Tory government, warning that the UK is in the “grip of a rapidly deteriorating…

The National (Scotland)

'Unmitigated disaster': Serious concern over IMF's warning to Tory Chancellor

The International Monetary Fund (IMF) rebuked the UK Government in the days following Kwasi Kwarteng’s mini-budget

Evening Standard

So how would you pay for it, Labour leader asked on his spending plans

Sir Keir said Labour was looking at reviewing taxes people pay on all income including from stocks, shares and dividends to raise money for his policy announcements

Evening Standard

Bank of England forced to intervene to stabilise economy after Kwasi Kwarteng mini-Budget

The Bank of England on Wednesday made an emergency intervention to protect Britain’s “financial stability” after Kwasi Kwarteng’s shock mini-Budget.

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Evening Standard

Keir Starmer: Comments by Rupa Huq were ‘racist and wrong’

Sir Keir Starmer has branded comments made by a Labour MP about the Chancellor being “superficially black” as racist. The Labour leader said Rupa Huq‘s remarks about Kwasi Kwarteng were “wrong”. The Ealing Central and Acton MP was suspended by the party on Tuesday after her comments emerged. Sir Keir…

The Independent UK

Liz Truss tax plans ‘profoundly unconservative’ says former Tory MSP

Adam Tomkins hit out at Kwasi Kwarteng’s mini-budget and said the UK ‘needs a Labour government’.

Daily Record

Former Tory MSP says 'Britain needs a Labour government' as he slams Liz Truss over tax slashing mini-budget

Former Conservative MSP Professor Adam Tomkins accused the new Prime Minister and Chancellor Kwasi Kwarteng of "trashing" the Tory party brand and the UK economy.

Evening Standard

Spending cuts made necessary by mini-Budget ‘could spell end of NHS’, top economist warns

Sir Charlie Bean, a former deputy governor of the Bank of England, said deep cuts would be needed to bring spending into line with GDP

The National (Scotland)

Bank of England takes emergency action as UK enters 'financial crisis territory'

THE Bank of England has been forced to intervene in an attempt to avoid a full-blown financial crisis after Liz Truss’s government announced…

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

The Independent UK

Pound to dollar: Why is the sterling so weak?

British pound slumps to lowest level against dollar since 1971 after Kwasi Kwarteng’s mini-Budget

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