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The Latest Breaking News from Kwasi Kwarteng

Kwasi Kwarteng finally admits he and Liz Truss 'blew it' and got 'carried away'

The former Chancellor, who lasted only 38 days in No11, said they got 'carried away' with their dramatic economic reforms, which spooked the markets and cause the pound to tank

Daily Mirror

London market cools as house prices drop around Britain

House prices fell at their fastest rate since the start of the financial crisis last month as the toxic fallout from Kwasi Kwarteng’s disastrous mini-Budget sent the property market plunging.

Evening Standard

Imminent Cumbria coalmine decision likely to cause new Tory split

Expected approval for coalmine opening could provoke backlash from party’s many opposing voices

The Guardian - UK

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Mini-budget an ‘international embarrassment’ says NatWest boss

UK’s reputation ‘scarred’, Howard Davies tells staff, as he also warns of government plans to boost competitiveness

The Guardian - UK

Let’s not pretend the mini-budget is the sole cause of falling house prices

Script was set when interest rates started rising 11 months ago and slump has some way to go

The Guardian - UK

Why the energy price cap drop does not mean bills are going down

Chancellor Jeremy Hunt is under pressure to prevent 20 per cent rise in bills from April

The Independent UK

Mulberry’s plea over VAT free shopping reveals folly of Jeremy Hunt’s decision to axe it

Jeremy Hunt will come to regret his short sighted decision to hobble London’s luxury retailers

Evening Standard

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Sizewell C ‘confirmed’ again – this time it might be the real deal

Buying out China’s stake was inevitable but the government still has the onerous task of finding committed investors

The Guardian - UK

Bank of England ‘blindsided’ by Kwasi Kwarteng’s mini-budget, says governor

Andrew Bailey tells Lords committee of ‘extraordinary process’ with ‘no formal communication’ between Treasury and Bank

The Guardian - UK

Trust in UK politics has taken a hit after recent chaos – and historical data suggests only a change of government can fix it

A YouGov poll conducted in October this year asked respondents if they trusted the Conservative party. Some 68% said that the party could not be trusted and only 14% said that it could. This followed the ill-advised mini budget from former prime minister Liz Truss and former chancellor Kwasi Kwarteng…

The Conversation

UK mortgage approvals for October fall 10% after mini-budget

Homebuyers face higher interest costs, as lending figures slump to lowest monthly total since June 2020

The Guardian - UK

Dowden paid £8,398 fee by firm of Kwarteng mini-budget party host

Payment for ‘policy advice’ came from company of hedge fund manager who organised September champagne reception

The Guardian - UK

Rejection of £1.2bn cross-Channel energy cable project challenged at High Court

Development consent for Aquind’s new subsea electricity link between Portsmouth on the south coast and Normandy in France was refused by then Business

The Independent UK

Patrick Thomson: the man who ‘helped save UK pensions’

The chair of the fund managers’ trade body says he has his army training to thank for the cool head he kept during the crisis sparked by the mini-budget

The Guardian - UK

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Evening Standard

Former Cabinet minister slams Jeremy Hunt’s ‘doom and gloom, socialist’ budget

Esther McVey said ‘a middle ground was needed’ after a pendulum swing from Kwasi Kwarteng’s disastrous mini-budget

The Guardian - UK

Average UK five-year mortgage rate less than 6% for first time in seven weeks

Fixed interest rate deals starting to drop and could ‘fall further still’, says Moneyfacts

The Guardian - UK

The Guardian view on Brexit heresy in the government: reality begins to bite

Editorial: Controversial briefings to the press by senior government figures reflect a change in the zeitgeist

The Guardian - UK

What on earth is going on with the massive Bulb bailout?

£4.6bn is an eye-watering amount for consumers to stump up – transparency from the government is long overdue

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Evening Standard

We won’t like any of the four painful ways out of our economic nightmare

We’ve always known that politicians promise too much and deliver too little. But the gap between promises and delivery is a lot wider than it once was. It’s not so much that politicians have become more foolish over time (although, in some cases, that might well be true). It’s that…

The National (Scotland)

Scots Tory MP confronted with video of him defending Liz Truss's mini-Budget

A TORY MP has been accused of “tying himself in knots” during an interview in which he was shown a video of himself defending Liz Truss and…

The Guardian - UK

A stark lesson for Keir Starmer from the budget: the Tories won’t just lose, you have to beat them

Labour’s path to victory was clear when Truss was in office. A politically cunning autumn statement has made it harder, says Guardian columnist Jonathan Freedland

Liverpool Echo

What does the Autumn Budget mean for young people?

The Chancellor Jeremy Hunt announced tax hikes and cuts to public spending in his Autumn Budget, but what impact will that have on young people?

The Independent UK

Relief meets fear as UK budget calms economy but brings pain

Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation

Evening Standard

Jeremy Hunt first Tory behind Labour counterpart as ‘best Chancellor’ for nine years

Jeremy Hunt whose Autumn Statement included £24 billion of tax rises

The Guardian - UK

‘Foulest medicine’: Tory press lashes out at Jeremy Hunt’s autumn statement

Headlines in traditionally friendly Daily Mail, Sun and Telegraph make for tough reading for chancellor

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