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The Latest Breaking News from Kwasi Kwarteng

Liz Truss rejects ‘handouts’ as way to tackle cost of living crisis

Conservative leadership frontrunner insists on tax cuts despite claims they will fuel inflation

The Guardian - UK

Outrage as Tory minister tells Scots to wait weeks for cost-of-living help

Business Secretary Kwasi Kwarteng said he expects an emergency budget from the next prime minister to contain measures to help people.

Daily Record

Kwasi Kwarteng: the low-tax Tory frontrunner for next chancellor

Truss loyalist is a free marketeer who may clash with public opinion about intervening over cost of living crisis

The Guardian - UK

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Conservative leadership race: ‘Next PM must find billions to help out struggling households’

Carrying on with the current economic policy is ‘not going to cut it’, IFS chief says

Evening Standard

Where's Boris? UK's PM on leave as economic crisis deepens

London (AFP) - A British cabinet member admitted Friday "I don't know where Boris is" as the prime minister checked out on holiday, in a week that saw the Bank of England warn a year-long recession is coming.

AFP

Wait for new PM for more cost-of-living help, says UK Business Secretary

HOUSEHOLDS struggling under the cost-of-living crisis must wait several weeks before the UK Government reveals further support to combat soaring…

The National (Scotland)

Tax remains key divide as leadership campaigns respond to economic outlook

Liz Truss’s campaign has argued for implementing tax cuts quickly, while the Sunak campaign has warned against too much borrowing.

The Independent UK

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Sunak defends taking money from deprived urban areas as he faces latest hustings with Liz Truss – as it happened

Candidates face Tory members in Eastbourne; former chancellor, who was filmed saying he tried to divert funds from ‘deprived urban areas’, says it was sensible

The Guardian - UK

BoE's Bailey rebuffs talk of less central bank independence in UK

Bank of England Governor Andrew Bailey pushed back at suggestions by the front-runner to become Britain's next prime minister Liz Truss and her supporters that the government should have a bigger role in how the central bank operates.

Reuters

Kwasi Kwarteng says 'AWOL' PM 'on top of' economic crisis and argues 'I’m here, in a suit'

Business Secretary Kwasi Kwarteng claimed holidaying Boris Johnson and Chancellor Nadhim Zahawi were 'completely on top of what's happening' after Bank of England issued dire warnings

Daily Mirror

No emergency cost of living help for at least a month, says minister

Business secretary Kwasi Kwarteng says support will not be introduced until ministers return to work

The Guardian - UK

Energy bill support scheme: How to claim £400 discount as government reveals instalment plan

The business and energy secretary announced details amid criticism that the government isn’t doing enough to help struggling households

The Independent UK

£400 in energy bill discounts offered to households in instalments

The support will be issued in six instalments over six months to some 29 million households.

The Independent UK

UK blasted over 'incomprehensible' lack of clarity on major carbon capture funding

THE UK Government has been blasted for an "incomprehensible" lack of clarity over the timeline of a major carbon capture project.

The National (Scotland)

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Birmingham Post

Government funding confirmed for Britishvolt Northumberland plant

Funding thought to be around £100m was first announced in January and has now been confirmed

Daily Mirror

Rishi Sunak warned plan to cut VAT on energy bills could move UK in 'wrong direction'

Last night the former Chancellor announced plans to scrap the 5% charge from October if the energy price cap tops £3,000 - prompting critics to accuse him of flip-flopping

Evening Standard

I’ll make streets safe for women, vows Liz Truss

Exclusive: Foreign Secretary sets out her vision on crime as new war of words rages over tax cuts

The Guardian - UK

Rishi Sunak’s plan to cut VAT on energy bills a screeching U-turn, says Kwarteng

Business secretary, a supporter of Liz Truss, says former chancellor has ‘come late to the party’ on tax cuts

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The Independent UK

Sunak accused of ‘flip-flopping’ on tax after pledge to cut VAT on energy bills

The Tory leadership hopeful was accused of proposing an unfunded tax reduction after saying tax cuts were a fairy tale.

The Guardian - UK

Who could be in the next cabinet under Rishi Sunak or Liz Truss?

These are some of the figures tipped to be part of the two candidates’ top teams

Birmingham Post

Business Secretary Kwasi Kwarteng on why he is backing Liz Truss as next PM

Need to cut taxes stressed by senior cabinet colleague who acknolwedges Rishi Sunak as a 'strong contender'

Birmingham Post

Pensana build begins as Business Secretary aims to ensure UK critical mineral supply for EV and wind markets

'Independent sovereign capability' sought as strategy launches alongside ground-breaking for Humber facility to supply materials to electric vehicle and offshore wind markets

The Independent UK

UK’s scientific policy ‘rudderless’ as government fails to appoint new science minister

‘The government has committed to making the UK a science superpower but the absence of a science minister means any conversations about realising that goal are at risk of stalling’

The National (Scotland)

Third minister in Boris Johnson's government dodges committee scrutiny

Kwasi Kwarteng was due to answer questions from the Environmental Audit Committee but pulled out - the third cabinet secretary to do so this month

The Independent UK

Business Secretary becomes latest minister to skip committee hearing

Kwasi Kwarteng pulled out of a session with the Environmental Audit Committee at short notice amid claims the Government is avoiding scrutiny.

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