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The Latest Breaking News from Jeremy Hunt

Keir Starmer warns markets are spooked by Tory ‘psychodrama’

The Labour leader's comments come as reports suggest Chancellor Jeremy Hunt may seek to claw back £40 billion of public finances by hiking taxes for high earners

Wales Online

Average new mortgage bills up more than £500 a month in wake of mini-Budget, Labour claim

Estimated 113,000 households had to renegotiate rates before U-turn on Kwarteng package

The Independent UK

Boris Johnson accused of 'lying over 100 backers' as Rishi Sunak demands proof

Johnson was accused of lying in the undignified race for No10 as he dashed back from his hols in a desperate bid to rally support.

Daily Record

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Schools crippled by cost of living crisis as teachers unscrewing light bulbs to cut bills

Schools in England face a cash catastrophe driven by surging energy bills, rising inflation and unfunded pay deals. The Sunday People can reveal nine out of 10 will have run out of money by the next school year

Daily Mirror

Boris Johnson accused of 'lying over having 100 backers for PM' as Rishi demands proof

By late evening on Saturday, only 54 MPs had publicly declared to support former PM Boris Johnson, while former Chancellor Rishi Sunak has notched up 113 confirmed backers

Daily Mirror

Chancellor Jeremy Hunt plans to scrap Boris Johnson's 'vanity' £250m national flagship

Jeremy Hunt plans to end the former Prime Minister's dream for a £250million national flagship for which the Ministry of Defence has spent nearly £2.5m on staff costs and consultants

Daily Mirror

90% of schools in England will run out of money next year, heads warn

Exclusive: Heads say they will be in deficit next academic year, even without cuts Jeremy Hunt is planning

The Guardian - UK

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Fixing the economic mess left by Liz Truss is way beyond the ability of Boris Johnson

Analysis: Should he succeed in making a comeback, the former prime minister will have few tools available to overcome Britain’s problems

The Guardian - UK

More than two million UK households are in debt on their electricity bills

People are already unplugging fridges, washing clothes by hand and skipping meals – with worse to come this winter, Citizens Advice warns

The Guardian - UK

UK economic outlook downgraded to 'negative' amid chaos after Liz Truss resignation

The ratings agency Moody's says the downturn is due to the political instability and high inflation in the aftermath of PM Liz Truss' resignation in a report published last night

Daily Mirror

Political instability sees UK economic outlook downgraded by ratings agency

Moody’s said the change in outlook was driven by ‘heightened unpredictability in policymaking’.

Evening Standard

Will mortgage rates come down after Mini-Budget reversal? We ask the experts

The cost of mortgages has soared to highs not seen since 2008, but now experts say the worst may be over after the new Chancellor took action to soothe panicked financial firms

Daily Mirror

Welsh NHS facing an extra £207m to cover rising energy costs this winter

Eluned Morgan said running the NHS next year without additional funding from the UK Government will be 'hell on earth'

Wales Online

Asda confirms future of Blue Light discounts in stores after shoppers told 'it ends on Halloween'

The card offers those who work in the NHS, emergency services, social care sector and armed force money off their bill

Wales Online

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The Independent UK

Mordaunt throws her hat in the ring in the race for No 10

The Commons Leader has indicated that Jeremy Hunt will stay on as Chancellor if she wins.

The Guardian - UK

Change of prime minister is likely to delay UK’s fiscal plan

Credibility of economic event could be in doubt if it is launched on Halloween, just a few days into new leader’s tenure

Birmingham Post

New PM will decide whether to go ahead with October 31 fiscal plan

Preparations for the medium-term fiscal plan are underway but the next Prime Minister will decide the timetable, No. 10 has said.

Insider UK

Halloween statement - Liz Truss' successor will decide whether to go ahead with announcement on public finances

Chancellor Jeremy Hunt has warned of “eye-wateringly difficult” decisions

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Evening Standard

Jeremy Hunt vows to ‘drive down’ government debt after leap to £20bn

‘Strong public finances are the foundation of a strong economy’, chancellor says

Evening Standard

Liz Truss: From Keys to No 10 to downfall in six turbulent weeks

How outgoing Prime Minister’s brief spell in power rocked the country

The Guardian - UK

From Arsenal to M People: the winners and losers under Liz Truss

Despite the premiership generally being regarded as a disaster, it was more beneficial for some than others

Liverpool Echo

Price of wine set to be increased by 'eye watering' amount

Energy costs are driving up prices of bottles by 45% to 70%

The Independent UK

New UK leader to face highest government debt in 60 years

British government debt rose to the highest level in almost 60 years last month and retail sales slumped

Evening Standard

I fear the return of chaotic Boris, but at least that lettuce beat Truss

Yesterday, as Liz Truss announced her resignation, she propelled herself into the history books as Britain’s shortest-serving prime minister. This was a record previously held by one George Canning, who died of pneumonia in 1827. This PM however was infamously outlived by a lettuce. This is what happens when idolatory…

Wales Online

Martin Lewis warns British Gas and EDF customers that bills could rise next year

Industry analysts at Cornwall Insight suggest that the UK will face a 73% hike in energy prices from April, 2023

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