The Latest Breaking News from Liz Truss

Chancellor Jeremy Hunt scaled back the Energy Price Guarantee announced by the previous Tory Government.

Britain faces a record hit to living standards this year as surging inflation erodes incomes, the country's budget forecasters warned, after finance minister Jeremy Hunt announced more pain, with tax rises now and spending cuts further ahead.

National Insurance thresholds will be frozen until 2028 - but as wages rise it means many more low-paid workers will start paying NI contributions.

Elon Musk has defended himself in court over a massive pay package at Tesla, as the billionaire speeds up the restructuring of Twitter following his acquisition. But first, the British finance minister is set to unveil a revised budget plan in parliament. With tens of billions of pounds in tax…

Chancellor expected to unveil cuts and tax rises following Liz Truss failure

Commons speaker suggests phones not be taken into meetings as UK cyber security centre issues 10 ‘top tips’

Just three weeks after taking office, British Prime Minister Rishi Sunak faces the challenge of balancing the nation’s budget while helping millions of people slammed by a cost-of-living crisis

Chancellor Jeremy Hunt is expected to raise taxes, cut services and allow local authorities to increase council tax bills when he makes Autumn Statement

In today’s newsletter: The new chancellor is primed to announce a package of cuts and tax rises to confront inflation – here’s what you need to know

Jeremy Hunt expected to deliver harsh package of tax rises and spending cuts to plug £60bn shortfall

The Chancellor is expected to announce tax rises, service cuts, changes to benefits and pensions and changes to energy bills