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The Latest Breaking News from Liz Truss

Why the pound has shot up while UK economy is struggling – expert Q&A

When Liz Truss and Kwasi Kwarteng’s tax-cutting mini-budget triggered a UK debt crisis in autumn 2022, the pound plummeted to almost parity with the US dollar. In 2023 the UK has endured weak growth, falling productivity and high inflation, yet the pound has been the strongest performing currency among the…

The Conversation

'Do another U-turn': First Minister weighs in on Labour two-child benefit cap row

HUMZA Yousaf has urged Anas Sarwar to tell Keir Starmer to “do another U-turn” and scrap the two-child benefit cap.

The National (Scotland)

Jackie Baillie compared two-child cap to China's 'abhorrent' one-child policy

SCOTTISH Labour’s deputy leader previously said that the Tories should “follow China’s example” and scrap the two-child benefit cap after…

The National (Scotland)

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Anas Sarwar makes ridiculous excuse for Labour's two-child benefit cap U-turn

ANAS Sarwar has made a ridiculous excuse for Labour’s decision not to scrap the two-child benefit cap.

The National (Scotland)

Worst of Westminster: Ping-pong goes on and Truss not for turning

Summer recess is almost upon us, but there's been plenty of news coming out of Westminster this week. Here's your Worst of Westminster!

The National (Scotland)

Rishi Sunak making economy even worse than ‘arsonist’ Liz Truss, says Labour

Exclusive: ‘The grown-ups have got us into an even worse position,’ says Rachel Reeves – as mortgage rates rise again

The Independent UK

Rishi Sunak’s £32 Toby jug mocked for looking nothing like prime minister

Social media users were stunned by the jug, which some said looks more like Gordon Brown

The Independent UK

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Nadine Dorries faces fresh probe calls after ‘pushing to get on Truss honours list’

Former ethics chief calls for investigation after Dorries reported for sending ‘forceful’ message to cabinet secretary

The Independent UK

Labour rules on lobbying would ‘clean up politics’, says Angela Rayner

Exclusive: Standards system reform would ban ex-ministers from taking lobbying jobs related to former brief for up to five years

The Guardian - UK

Shamed Liz Truss hides at launch of her own new Growth Commission to 'fix economy'

The former Prime Minister, who crashed the economy in her 49-day stint in No10, insisted growth was a 'long game' as she introduced a new research institute to enact her vision

Daily Mirror

Former PM Liz Truss has claimed that widely-ridiculed mini-Budget 'may pay off in the long term'

The PM lasted 49 days in office after so-called 'mini-Budget' spooked markets and set mortgages soaring

Manchester Evening News

'It's a long game': Liz Truss STILL stands by her economic strategy

LIZ Truss appeared to suggest her mini-budget may have paid off long-term as her newly-convened taskforce warned that the UK risks lagging behind…

The National (Scotland)

Liz Truss suggests mini-budget may have paid off long-term

Britain’s shortest-serving prime minister was speaking at the launch of the Growth Commission taskforce of economists.

The Independent UK

OPINION - These mortgage rises spell one thing for the Tory party: doom

Until recently, if you asked me who would win the next general election, even after partygate, I would have reluctantly said the Tories — as they are hardwired to pursue, acquire and retain power.

Evening Standard

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The Independent UK

£500 a month rise in mortgage payments for 1 million households by 2026, Bank of England warns

The average household will see their monthly interest payments go up by about £220 if they are refinancing during the second half of this year

The Independent UK

Truss’s taskforce claims average Briton £10,000 worse off than US counterpart

The Growth Commission launched on Wednesday, suggested ‘consistent growth levels’ of 3% by 2040 are achievable.

Daily Record

Scots face highest mortgage rates since global financial crisis

The average two-year fixed-rate residential mortgage is even higher than it was after Liz Truss' disastrous mini-budget.

The Independent UK

Average two-year mortgage rates at 15-year high as lenders are quizzed by MPs

Bank and building society bosses appeared before the Treasury Committee on Tuesday, to explain what they are doing to support struggling customers.

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The Independent UK

Mortgage rates soar again to surpass Liz Truss mini-Budget peak

‘Personal hell’ for homewners as average two-year deal reach 6.66 per cent – rates not seen since 2008 banking crash

The Independent UK

Mortgage rates could surpass mini-Budget peak to hit 15-year high, experts warn

Two-year fixed-rate residential mortgage reaches 6.63 per cent on Monday

The Independent UK

Labour ‘confident’ of hitting £28bn green pledge after U-turn criticisms

Rachel Reeves argued that the financial situation had worsened since making the commitment following Liz Truss’s disastrous mini-budget.

Daily Record

Comedian blasts Tories amid fears he'll lose his house as mortgage doubles

Adrian Thompson, who presents the Aid Thompsin and Other Disappointments podcast, hit out at the government amid rising interest rates.

The Guardian - UK

If Threads is the final nail in Twitter’s coffin, where will the journalists and politicos go?

Elon Musk is wrecking his platform, but it has invented a medium for catchy soundbites that is too invaluable to lose

The Guardian - UK

Missions v priorities: how Starmer’s policy goals compare with Sunak’s

As the Labour leader completes his key pledges, we compare them with the prime minister’s – and assess how firm they are

The Independent UK

Labour tells Jeremy Hunt his advisers must not undermine Bank of England

Exclusive: Members of Mr Hunt’s Economic Advisory Council said the Bank had ‘tried to be too cute’ by not being clear enough on the need for interest rates hikes

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