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The Latest Breaking News from Kwasi Kwarteng

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

Daily Mirror

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 Conversation

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 Guardian - UK

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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

The Independent UK

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

Daily Mirror

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 Independent UK

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Tentative business welcome for Sunak amid deepening economic gloom

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

The Guardian - UK

Three prime ministers inside seven weeks – how did that happen?

Here is a timeline of the recent political crises which engulfed the leadership of two prime ministers and ultimately led to their downfall.

The Independent UK

Rishi Sunak to become PM after meeting King Charles as he warns of ‘profound economic challenge’ facing UK

New Tory leader set to address nation from Downing Street on Tuesday as he vows to work to ‘bring the country together’ and tells his party ‘unite or die’

Evening Standard

MPs launch inquiry into pensions crisis sparked by mini-budget

Cross-party committee to examine problems faced by funds that led to £65bn Bank of England intervention

The Guardian - UK

Tory leadership race latest: Rishi Sunak heads for No10 as Penny Mordaunt races to meet 100 MP threshold

Sunak’s set to use ‘all the talents’ in bid to end civil war engulfing the Tories

Evening Standard

Rishi Sunak will be PM, but don’t get too excited: trickle-down diversity doesn’t work

The Tories have been feted for having minorities at the top, but that’s less of a panacea than you might think, says Marcus Ryder, host of the podcast Black British Lives Matter

The Guardian - UK

Jeremy Hunt may have little choice but to usher in a new age of austerity

The Truss-Kwarteng blunders have seen off any hope that people-friendly policies will be pursued

The Guardian - UK

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The Guardian - UK

Have Liz Truss’s 44 days in office destroyed 40 years of free market philosophy?

Economists soon saw through Truss and Kwasi Kwarteng’s plans for billions of unfunded tax cuts to benefit the rich

The Guardian - UK

Fall of Liz Truss gives Italy’s far right a lesson in what not to do

Giorgia Meloni’s radical economic agenda had resembled Kwasi Kwarteng’s. It won’t any longer

The Guardian - UK

From fighter to quitter: the ‘weird’ rise and fall of Liz Truss

After the shortest-ever term as Britain’s prime minister, how did a politician who spent 12 years in government, including in many key roles, make such a historic mess of the top job?

The Independent UK

Britain’s economic outlook lowered to ‘negative’, says Moody’s

Moody’s kept UK’s credit rating at Aa3

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news in one place.

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Daily Mirror

Will mortgage rates come down after Mini-Budget reversal? We ask the experts

The cost of mortgages has soared to highs not seen since 2008, but now experts say the worst may be over after the new Chancellor took action to soothe panicked financial firms

inkl Originals

The Weekly Wrap for Saturday, 22 October 2022

Well, that was quick. This week Liz Truss resigned. She's left her party, and country, in a shambolic state.

Manchester Evening News

Boris Johnson pictured in Caribbean beach bar as he 'gains ground' in Prime Minister bid

After a chilled break with wife Carrie in the Domican Republic, the ex-PM told one pal 'we're going to do this - I'm up for it'

Liverpool Echo

Boris Johnson relaxes in Caribbean beach bar amid leadership rumours

Boris Johnson is said to be preparing to fly back to Britain from his holiday in the Caribbean

The Guardian - UK

Change of prime minister is likely to delay UK’s fiscal plan

Credibility of economic event could be in doubt if it is launched on Halloween, just a few days into new leader’s tenure

Birmingham Post

New PM will decide whether to go ahead with October 31 fiscal plan

Preparations for the medium-term fiscal plan are underway but the next Prime Minister will decide the timetable, No. 10 has said.

Nottingham Post

Piers Morgan says 'it may be time' for him to be Prime Minister after Liz Truss 'shambles'

The presenter hinted at his ambitions on Twitter, leaving followers divided

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