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The Latest Breaking News from Kwasi Kwarteng

Taking back control? It’s the markets that are sovereign over Brexit Britain

Economic crises of the past offered a clear warning about the foolhardiness of the Truss-Kwarteng debacle

The Guardian - UK

‘Don’t embarrass the king’: Liz Truss told to forgo a lengthy honours list

Former prime minister could be told to limit rewards for allies and friends after her disastrous seven-week tenure

The Guardian - UK

Michael Gove says Tories should apologise for Liz Truss’s ‘holiday from reality’

Reinstalled levelling up secretary says he understands public anger at party’s choice of Truss and her tax cuts for the rich

The Guardian - UK

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Truss phone was hacked by suspected Putin agents when she was foreign minister - report

Former British Prime Minister Liz Truss's personal phone was hacked by suspected agents working for Russian President Vladimir Putin when she was foreign minister, the Daily Mail reported on Saturday.

Reuters

Trussonomics: No better than 'liberty' lettuce

Following the brutal market backlash against her plans for unfunded tax cuts and tens of billions of pounds in additional spending, Liz Truss resigned as British prime minister, succeeded by her Tory rival, Rishi Sunak. The international media is now struggling to make sense of it all, but the task…

Bangkok Post

Conservative Party receives £3.6m from hedge fund tycoons and finance firms

Exclusive: Donors include hedge fund boss said to have benefited from drop in pound following Kwasi Kwarteng’s mini-Budget

The Independent UK

Tetchy scenes in Dail as Tanaiste Leo Varadkar calls Pearse Doherty 'Kwasi Doherty' and compares Sinn Fein to Liz Truss' failed Tory government

The Fine Gael leader said that it would take Sinn Féin one Budget to 'wreck the economy' under 'Kwasi Doherty'

Irish Mirror

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FMQs Sketch: Nicola Sturgeon and Douglas Ross engage in pre-Halloween rammy

AT the last FMQs before October recess, Liz Truss was the prime minister, Kwasi Kwarteng was the chancellor and Douglas Ross claimed to be very…

The National (Scotland)

How Liz Truss and Kwasi Kwarteng might patch things up

Liz Truss and Kwasi Kwarteng

Evening Standard

Recruitment underway at Pensana as orders placed for infrastructure to build £150m chemical plant

Inward investor gives City update on rare earth separation site

Birmingham Post

Michael Hiltzik: Britain's prime minister followed the GOP's economic plan. She lost her job in record time

Fox Business talking head Larry Kudlow was over the moon on Sept. 23.

Los Angeles Times

Where national insurance stands after a year of political chaos

Tax on earnings already amended three times in 2022

The Independent UK

Rishi Sunak WON'T bring in National Insurance hike - in the immediate future at least

Number 10 today said the new Prime Minister does not intend to re-introduce a 1.25% rise in National Insurance rise, which was brought in to help the NHS and social care recover from Covid crisis

Daily Mirror

Four of Shakespeare's plays and how they speak to the current political situation in Britain

The last few years in politics have gifted the keen observer many allusions to some of Shakespeare’s best-loved works. From the Midsummer Night’s (fever) Dream the electorate might think they are experiencing while looking on at parliament to All’s Well That Ends Well (or is it?).

The Conversation

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Radio France Internationale

Paris Perspective #35: The Great British Political Bake-Off – Jeremy Stubbs

In this edition we’re going to dive into the political Twilight Zone that is British politics to examine how the post-Brexit roller-coaster ride has evolved and expanded into a full-blown theme park as the UK installs its fifth prime minister in six years.

The Guardian - UK

Halloween fiscal statement could be delayed, says minister

James Cleverly says Rishi Sunak’s government could take more time to draw up spending cut plans

Daily Mirror

Michael Gove back in cabinet as he's named Levelling Up Secretary - again

The Tory heavyweight broke ranks earlier this month by suggesting he would not vote for Liz Truss's disastrous tax cuts, accusing the departed PM of showing the "wrong values"

Daily Mirror

Dominic Raab returns to cabinet after just six weeks as Jeremy Hunt stays

Dominic Raab was sent to the backbenches by Liz Truss, but has returned as deputy PM just weeks later, while Jeremy Hunt remains in place as Chancellor on Rishi Sunak's first day in office

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The Conversation

The UK is facing an economic crisis – here's why it needs to find a global solution

Recent changes in the UK’s top job have had a positive effect on pound sterling and long-term sovereign bond yields. But the financial market reaction has been muted compared with the financial turmoil blamed on former prime minister Liz Truss and ex-chancellor Kwasi Kwarteng in recent weeks.

The Guardian - UK

Sunak should delay Halloween fiscal plan – the government needs time to think

New PM has himself made case for longer period of reflection, citing ‘difficult decisions’ ahead

The Independent UK

Election Now: How do petitions work and when are they binding?

The Independent’s general election campaign continues to attract massive support after the ousting of Liz Truss and the prospect of a Boris Johnson comeback looms

Daily Mirror

Banks start cutting mortgage rates for first time since disastrous mini-Budget

Banks and building societies are starting to cut prices for their new mortgages, offering relief to struggling homeowners facing soaring home loan prices this year

The Independent UK

When is Liz Truss’s farewell Downing Street speech?

Departing PM to give speech after chairing final Cabinet meeting on Tuesday morning

The Independent UK

Businesses call on Rishi Sunak to ‘end uncertainty’ amid market rally as he is crowned PM

Former chancellor will have to ‘work hard to restore credibility’, economists warn

The Guardian - UK

Tentative business welcome for Sunak amid deepening economic gloom

UK industry leaders hope for urgent steps from new PM to repair battered business confidence

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