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The Latest Breaking News from Jeremy Hunt

What the papers say – October 18

The mastheads are consumed by the reversal of Liz Truss’s economic plans.

The Independent UK

Truss apologises for ‘mistakes’ and vows to lead Tories into next election

The prime minister has been has been humiliated by a raft of U-turns

Wales Online

U.K. Prime Minister Truss abandons her agenda to stem market meltdown

Truss is still officially in charge, but hardly seems to be in control.

Axios

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read the most diverse news in one place.

Liz Truss apologises for ‘mistakes’ and vows to lead Tories into next election

The Prime Minister said she had ‘adjusted what we’re doing’ after the Government’s fiscal plans spooked the markets.

The Independent UK

Truss sees UK vision dismantled as rivals fight for her job

LONDON — U.K. Prime Minister Liz Truss was clinging to power on Monday after suffering the abject humiliation of being forced to U-Turn on much of the economic program she announced only last month.

Tribune News Service

Humiliated Liz Truss sits in silence amid U-turn meltdown as Tories tell her to go

In one of the biggest U-turns in political history, the Chancellor Jeremy Hunt scrapped almost all of the mini-Budget, which has plunged the economy into crisis

Daily Mirror

UK's Truss: 'Sorry' for the mistakes, but 'I'm sticking around'

Britain's Prime Minister Liz Truss apologised for "mistakes" in her programme that caused investor confidence to evaporate and her poll ratings to plunge before nearly all of it was finally shredded on Monday, but said she would not step down.

Reuters

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UK workers facing ‘two decades of lost living standards’, union boss warns

‘See you in court,’ Frances O’Grady is to warn ministers over legal moves to undermine strikes

The Independent UK

'Not since the Suez Crisis has a British Prime Minister been so humiliated'

Liz Truss was forced to watch in silence as Jeremy Hunt tore up her disastrous mini-budget today, with the PM's credibility so low a Cabinet minister had to deny she was hiding under a desk

Daily Mirror

Martin Lewis predicts average energy bill will go up 73% in April after Budget U-turn

The MoneySavingExpert founder warned that the targeted support announced by Jeremy Hunt ' will need to be targeted up into the middle incomes for people to get through this'

Chronicle Live

Prime Minister Liz Truss apologises for ‘mistakes’ as she vows to lead Tories into next election

Truss is still battling to save her premiership after admitting she went 'too far and too fast' to tackle energy bills and high taxes

Manchester Evening News

Liz Truss finally breaks silence to say sorry and she WILL lead Tories to next election

Liz Truss has apologised for her mistakes after her new Chancellor Jeremy Hunt today announced a U-turn on her disastrous mini-budget, which sent the markets into turmoil

Daily Mirror

Liz Truss will 'still be Prime Minister at Christmas' despite Tory rebellion, predicts Jeremy Hunt

The Chancellor of the Exchequer admitted that there were 'mistakes' in the mini budget

Manchester Evening News

ASX and Wall Street rally after UK backflip on tax cuts, RBA to keep increasing rates

The ASX has jumped and US stocks rallied overnight after the UK Government ditched major parts of its economic plan that caused turmoil in financial markets, and the Bank of America posted stronger earnings. The Reserve Bank says it will keep raising interest rates.

ABC News

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Wales Online

People in Wales are utterly dismayed by Liz Truss' 'shambolic' performance as Prime Minister

"They couldn't run a booze up in a brewery!"

Evening Standard

Liz Truss holds crunch No10 meeting with Cabinet as she faces calls to resign from five Tory MPs

Mss Truss swerved a House of Commons grilling on her decision to sack Kwasi Kwarteng

The Guardian - UK

How will you be affected by the government’s tax and NI changes?

We examine the relative fortunes of some sample households under Kwasi Kwarteng’s mini-budget and Jeremy Hunt’s revised plans

The Guardian - UK

‘Hunt’s running the show’: the day power drained away from Liz Truss

Truss’s decline from shiny new prime minister to leader in name only continues, the last 24 hours underlining just how weak she is

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France 24

‘A case of when, not if’ Tories oust Truss amid plotting

British Prime Minister Liz Truss is trying to rescue her premiership after the tax cut debacle caused a fiscal crisis and gave Labour a gargantuan polling lead over her Conservatives. But after that calamitous start, analysts doubt the Tory Party will keep Truss in power for long, even if it…

Daily Mirror

Liz Truss mounts fightback as she 'finally says sorry' to furious Tory MPs

The Prime Minister's new Chancellor Jeremy Hunt also said he believed Ms Truss will still be in No10 at Christmas as he urged Conservative backbenchers to 'give her a chance'

The Independent UK

Martin Lewis calls for immediate increase in benefits after Jeremy Hunt rips up mini-Budget

Personal finance guru calls on government to hike benefits in line with latest inflation figures

The Guardian - UK

Jeremy Hunt shreds Truss’s economic plans in astounding U-turn on tax

New chancellor tells Commons there will be tax rises and spending cuts, as PM dodges urgent question

Evening Standard

Truss commits to pensions triple lock despite Hunt signalling it could be scrapped

Prime minister stands by big rises to pensions despite Chancellor’s misgivings

Evening Standard

Brewers and distillers face ‘huge blow’ as alcohol duty freeze scrapped

New Chancellor Jeremy Hunt confirmed on Monday that the Government will reverse a raft of tax cuts announced last month

The Guardian - UK

Up was down, night was day. And was the prime minister OK?

Librium Liz appeared for a brief, silent cameo in the Commons as her captors, Jeremy Hunt and Penny Mordaunt, held court

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