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The Latest Breaking News from Liz Truss

Amid fiscal shock and awe, more austerity is the last thing we need

A collapse in credibility under the former Tory PM is being followed by a return to ‘sado-monetarism’ under the new one

The Guardian - UK

An industry-friendly budget? Don’t get your hopes up

Tackling inflation and restoring credibility are top of the chancellor’s to-do list in the autumn statement. Business pleas may go unheeded

The Guardian - UK

Jeremy Hunt warns he's Scrooge and will make 'horrible decisions' to save Christmas

Chancellor Jeremy Hunt says he'll make some tough calls on tax and spending in a bid to get a hold on inflation to prevent recession which he blames on Russia

Daily Mirror

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Revealed: the £30bn cost of Liz Truss’s disastrous mini-budget

Analysis shows former PM was responsible for half of the Treasury’s £60bn fiscal hole as chancellor prepares to announce cuts in Thursday’s budget

The Guardian - UK

Government can’t subsidise energy bills ‘indefinitely’, says Jeremy Hunt ahead of budget

Jeremy Hunt

Evening Standard

Boris Johnson's 'crony' peerage list sparks demands for Lords reform inquiry

Daily Mirror

Why did Russia invade Ukraine and what could happen next?

Vladimir Putin’s military assault continues in face of near-unanimous international condemnation

The Independent UK

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Boris Johnson ‘will be back’ one day, says ally Nadine Dorries

The former minister said Boris Johnson threw a ‘successful’ party to thank his supporters after he bowed out of the race to replace Liz Truss

Evening Standard

Johnson ally Nadine Dorries claims ex-PM ‘will be back’ one day

The former minister said Boris Johnson threw a ‘successful’ party to thank his supporters after he bowed out of the race to replace Liz Truss.

The Independent UK

Autumn statement: which tax rises and spending cuts are most likely?

The potential impact of the chancellor’s various options and which ones we think he will pursue

The Guardian - UK

Royal Navy, Army and RAF budgets 'being cut in real terms'

Allowances for government departments will be devalued by inflation, which is currently at 10%

Wales Online

Rishi Sunak ‘set to cut defence spending in real terms’ as inflation soars

The allowance for all departments, including the Ministry of Defence, will rise in line with the 2021 spending review, according to reports.

The Independent UK

Social workers told not to ask dementia patients who PM is due to high turnaround

Social workers were warned during training sessions to refrain from asking dementia patients who the current Prime Minister is due to the high turnaround of leaders amid Tory turmoil

Daily Mirror

The Guardian view on the UK economy: old folly or new folly

Editorial: Next week’s autumn statement will show if Jeremy Hunt has learned anything from George Osborne’s and Kwasi Kwarteng’s failures

The Guardian - UK

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Daily Mirror

Dominic Raab nicknamed 'The Incinerator' as Deputy PM 'burns through' staff so quickly

Civil servants working for Deputy Prime Minister Dominic Raab have accused him of creating a "climate of fear" at the Ministry of Justice with staff leaving their jobs over concerns about his behaviour

Evening Standard

The Leader podcast: Kwarsi Kwarteng ‘ghosts’ Liz Truss - and recession panic

Sacked ex-Chancellor pops up before autumn Budget, plus bleak ONS data

The Independent UK

Tory tensions over autumn statement erupt as UK heads for recession

Chancellor warns of ‘eye-watering’ decisions to come

The Guardian - UK

Treasury discussing raising energy price cap from April, say sources

Department considers making policy announcement in autumn statement rather than waiting until spring

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Wales Online

Huge Led by Donkeys billboard calls Home Secretary a 'national security threat'

Led by Donkeys produces eye-catching material in protest of the Conservative Government

The Guardian - UK

MoJ staff offered ‘route out’ amid concerns over Dominic Raab behaviour

Exclusive: Some civil servants may have still been traumatised by his previous stint there, sources say

Daily Mirror

Kwasi Kwarteng accused of 'rewriting history' as he passes blame for crashing the economy

Former chancellor Kwasi Kwarteng has claimed he pleaded with Liz Truss to "slow down" her tax cutting rampage - even though he went on TV two days after the mini-Budget to boast it was just the start

The National (Scotland)

Kwasi Kwarteng blames Liz Truss for economic fallout as UK recession looms

FORMER chancellor Kwasi Kwarteng has claimed he told Liz Truss she was “going too fast” with the disastrous mini-Budget as it emerged the…

AFP

More UK misery as economy contracts in third quarter

London (AFP) - Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is already in a recession, dealing a fresh blow to new Prime Minister Rishi Sunak.

Insider UK

Sturgeon sets out hopes for ‘good relationship’ with Sunak

The new Prime Minister held his first official meeting with the First Minister yesterday

The Guardian - UK

Truss allies challenge Kwarteng’s claim he tried to slow down tax cuts

One backer of ex-PM says ‘that wasn’t what was going on’, as Jeremy Hunt also appears to dispute version of events

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