The Latest Breaking News from Kwasi Kwarteng

The UK’s new Treasury chief has ripped up the government’s economic plan, dramatically reversing most of the tax cuts and spending plans that new Prime Minister Liz Truss announced less than a month ago.

‘Almost all’ tax plans that have not started to go through parliament are being axed, new chancellor says

Liz Truss initially moved to rein in runaway household bills caused by rising global gas prices, only for new chancellor Jeremy Hunt to cut short government aid

Some British media are now gambling on embattled Prime Minister Liz Truss having a shorter shelf life than a fresh lettuce — just five days — after the utter failure of her mini-budget.

More than 100,000 people in part-time work could face a benefit cut if they fail to adhere to the new rules

Embattled UK Prime Minister Liz Truss on Monday apologized for going "too far too fast" with reforms that triggered economic turmoil, but vowed to remain leader despite a series of humiliating climbdowns. "I do want to accept responsibility and say sorry for the mistakes that have been made... we went…

Agents in former chancellor’s constituency are glad to see him go after his effect on property market

Martin Lewis rolled back the years with a black and white snap to his adoring 601,000 followers on Instagram as he sported white shirt, waistcoat and spotty bow tie in the photo

The prime minister has been has been humiliated by a raft of U-turns