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The Latest Breaking News from Kwasi Kwarteng

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

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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

Evening Standard

Tory tensions over autumn statement erupt as UK heads for recession

Chancellor warns of ‘eye-watering’ decisions to come

The Independent UK

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

Daily Mirror

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…

The National (Scotland)

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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

The Guardian - UK

Kwasi Kwarteng takes swipe at Liz Truss's 'mad' decision to sack him as Chancellor

The former Chancellor refused to apologise for the financial chaos caused by his disastrous mini-budget in September.

Daily Record

Labour attacks Kwarteng’s ‘disgraceful’ claim his mini-budget not to blame for UK financial chaos – as it happened

Latest updates: chancellor Jeremy Hunt also dismisses predecessor’s attempt to wash his hands of role in financial turmoil

The Guardian - UK

UK economy shrinks amid fears of longest recession since records began

Chancellor Jeremy Hunt says ‘tough rough ahead’ as he prepares to slash public spending

The Independent UK

Kwasi Kwarteng facing fresh calls to apologise after distancing himself from botched budget

He criticised Liz Truss’s ‘mad’ decision to sack him as chancellor for implementing her tax-cutting policies

Evening Standard

Friday briefing: Russia’s retreat from Kherson may prove a pivotal win for Ukraine

In today’s newsletter: The decision to pull troops from the regional capital is a tactical and moral win for Ukraine – what now?

The Guardian - UK

UK economy news – live: Hunt says ‘tough road ahead’ as ‘very bleak’ recession looms

Chancellor warns of ‘extremely difficult decisions’ ahead

The Independent UK

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Manchester Evening News

Millions of workers will be better off from this month as tax rules change - how your pay will be affected

The health and social care levy has been reversed - meaning workers will take home more of their pay from this month

Birmingham Post

Autumn Statement: What to expect from Jeremy Hunt on tax rises, NI and cuts

We take a look at the facts so far and ask finance experts on what is likely to be announced.

Daily Record

New National Insurance change will boost your take-home pay from this month

The change came into effect on November 6.

Evening Standard

Stephen King: Has the Bank of England learned nothing from its errors on inflation?

How many times over the past two years has the Bank of England forecast a significant, lasting problem with inflation? The answer is “never”. Yes, the Bank is prepared to accept that inflation might be rather punchy at any one moment in time. The Bank will even acknowledge that inflation…

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news in one place.

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Nottingham Post

Workers to get pay boost as National Insurance rise reversed - how much will you receive

People will get more money in their pay - full rundown on what you get depending on wage

The Guardian - UK

UK house prices in steepest fall since February 2021; global inflation ‘may be nearing peak’ – as it happened

House prices dropped at fastest monthly rate since February 2021, as newer buyers risk falling into negative equity

The Guardian - UK

National insurance tax cut: what it means for you

The rise of 1.25p in the pound that employees have been paying since April is being reversed

The Independent UK

Thousands gather as Liz Truss effigy with laughing lettuce burnt on Bonfire Night

Effigies of Matt Hancock and Dominic Cummings have been burnt in past years

The Independent UK

Rishi Sunak reviewing Northern Powerhouse Rail and other infrastructure projects

There has also been speculation that the Sizewell C nuclear power plant could be delayed or scrapped.

Evening Standard

Former Treasury minister blames Liz Truss and Kwasi Kwarteng for budget chaos

A former Treasury minister has repeatedly refused to apologise for his role in Liz Truss’s disastrous “mini-budget” which nearly crashed the economy.

Wales Online

Hunt's double whammy: What the Chancellor's autumn statement will mean for you

Experts predict how the drastic measures needed to fill Liz Truss's £50bn black hole will affect Britons

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