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The Latest Breaking News from Kwasi Kwarteng

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

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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

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

Manchester Evening News

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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.

Birmingham Post

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

The change came into effect on November 6.

Daily Record

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…

Evening Standard

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

Nottingham Post

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 Guardian - 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

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news in one place.

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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

The Guardian - UK

BT is feeling the squeeze as inflation clouds its future

Telecoms company warns of job cuts as cost pressures and energy bills threaten its financial plans

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news in one place.

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The Independent UK

Liz Truss with laughing lettuce to be burned as Bonfire Night effigy

The former prime minister was only in office 49 days and is the shortest serving leader in British history

Evening Standard

Gilt yields are now well below pre Kamikwarsi levels. So why not mortgage rates?

Home loan rates rose like a rocket...but appear to be falling like a feather

Wales Online

Home-buyer mortgage approvals fall significantly amid market 'panic'

Mortgage approvals for house purchases decreased to 66,800 in September, down from 74,400 in August, the Bank of England said

Wales Online

Royal Mail group says potential national security probe will not go ahead

Government had raised concerns over Czech billionaire's stake in company

The Independent UK

Home-buyer mortgage approvals fell significantly in September

Mortgage approvals for house purchases decreased to 66,800 in September, down from 74,400 in August, the Bank of England said.

Daily Mirror

Former Army boss blasts Liz Truss 'ill discipline' over Kremlin phone hack

Lord Dannatt, who was Chief of the General Staff from 2006 to 2009, voiced his disbelief that the former Prime Minister was using a personal mobile phone for government business after it emerged she had been hacked

The Guardian - UK

The Tories are trashing more than just the nation

Keeping my act topical, given our chaotic government, is getting beyond a joke

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