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The Latest Breaking News from Kwasi Kwarteng

Bank of England says it 'will not hesitate' to change interest rates in emergency statement

THE Bank of England is preparing to make an emergency statement this afternoon after the pound plummeted to its lowest ever level against the US…

The National (Scotland)

Furious Tory MPs hit out at chancellor after they are invited to a meeting to discuss his budget

‘Chancellors have resigned for less’, says one MP amid turmoil in markets

The Independent UK

SNP say no confidence letters are 'damning indictment' of Truss's 'disastrous' start

REPORTS of letters of no confidence in Liz Truss being sent to the 1922 Committee are a “damning indictment” of her first few weeks as Prime…

The National (Scotland)

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Some Tory MPs submit no-confidence letters in Liz Truss after Pound crashes, sources claim

One MP told the Mirror 'some of my colleagues need to take up yoga' after the pound slumped against the dollar - as a source suggested there's a year before the 1922 Committee would act

Daily Mirror

Tumbling pound will intensify cost of living crisis, government warned

Fall in pound will ‘worsen inflation and lengthen the cost of living crisis’, says think tank

The Independent UK

Tory MPs furious with Liz Truss and Kwasi Kwarteng as pound crashes

Backbenchers express concern new leadership team has already lost them the next election

The Guardian - UK

Kwasi Kwarteng refuses to comment on pound crash in excruciating clip

The Tory MP was quizzed by a BBC journalist as he made his way to the Treasury offices in London

The National (Scotland)

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A1 dualling in Northumberland set be fast-tracked after Government pledge

The Northumberland railway line also looks set to be accelerated as part of Kwasi Kwarteng's 'mini budget'

Chronicle Live

Reeves: I’ll reverse abolition of 45% income tax rate to fund NHS staffing surge

The shadow chancellor said a Labour administration would also implement the “biggest expansion of medical school places in British history”.

The Independent UK

Kwarteng ‘not reading room’ with tax cuts for rich, says ex-England star Neville

Former footballer Gary Neville was speaking at the Labour Party conference in Liverpool.

The Independent UK

Government to push on with tax cuts as pound hits all-time low against dollar

Neither Chancellor Kwasi Kwarteng nor Liz Truss are currently expected to publicly address the major market shift, following Friday’s mini-budget

Evening Standard

Truss and Kwarteng 'desperate gamblers' as pound plummets

Shadow Chancellor Rachel Reeves describes the Prime Minister and Chancellor as 'out of control' as currency crashes following Friday's shock mini-budget

Liverpool Echo

How is British pound performing against other currencies?

The pound fell against the Albanian Lek, the Lebanese pound, and the Malaysian Ringgit, among many others

The Independent UK

Tory party likened to 'doomsday cult' amid economic chaos and pound collapse

One economist gave a scathing assessment of the Tory party's fiscal plans

The National (Scotland)

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The Independent UK

When is the next Bank of England interest rate announcement?

Pound plummets as currency markets react against new chancellor’s drastic ‘mini-Budget’, prompting fears emergency intervention could become necessary

Evening Standard

Go-fast Kwasi is taking a leap of faith even Indiana Jones would shrink from

Afficionados of Indiana Jones will know exactly which sequence provides the perfect accompaniment to Kwasi Kwarteng’s Growth Plan announced last Friday. Towards the end of Indiana Jones and the Last Crusade, when Jones has to cross an unbridgeable crevasse he does so by stepping out with a leap of faith…

Evening Standard

Labour: ‘We’ll bring back 45p top rate to fund more nurses’

Thousands more NHS jobs pledged after Labour promise to end Kwasi Kwarteng’s tax cut

AFP

Pound hits record low versus dollar, Italy stocks up after vote

London (AFP) - The pound hit a record low against the dollar Monday on surging fears about the ailing UK economy.

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The National (Scotland)

Plunging pound impact will be felt 'deeply' by households, warn SNP

Market confidence in the pound has plunged following the announcement of the Government’s new economic plans on Friday last week

The Street

Pound Collapse Puts Dollar Parity, Emergency Bank of England Rate Hikes in Focus

Britain's new government said it will continue focusing on tax cuts and new borrowing to boost growth even as markets push the pound to a record low against the U.S. dollar.

Daily Record

Nicola Sturgeon slams 'morally repugnant' UK Government following mini-budget

The First Minister has given her strongest indication yet that Holyrood will not follow the UK Government's tax cutting plans.

Evening Standard

Kami-Kwazi bets big while hedge funds short the pound

City Comment: The tax cuts might work. Maybe.

The Independent UK

Liz Truss: Tory MPs sending no-confidence letters over fears she will ‘crash the economy’, says ex-minister

‘Liz is f*****’, says former minister in Boris Johnson government

Evening Standard

Pound hits all-time low in backlash at Kwasi Kwarteng’s tax cuts

Pound crashes to its lowest level against the dollar since 1971

Liverpool Echo

'This isn't Bitcoin': Angela Rayner slams Tories 'recklessly gambling' with our money

The Conservative government has recently introduced a controversial tax cuts plan

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