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The Latest Breaking News from Kwasi Kwarteng

"We have to be honest": New Chancellor Jeremy Hunt's warning as he promises to get economy back on track

He has warned of 'difficult' economic decisions to come

Manchester Evening News

Liz Truss's premiership 'hanging by a thread' as Tory MPs plot to get rid of PM

On Friday she fired her friend, Chancellor Kwasi Kwarteng, for delivering the mini-budget she ordered and did another U-turn on taxes, but that did not halt economic turmoil

Daily Mirror

Jeremy Hunt warns of ‘difficult decisions’ ahead amid reports of delay to basic rate tax cut

The Chancellor is reportedly considering delaying the 1p cut to the basic rate of income tax by a year

Evening Standard

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Tory MPs plotting to get rid of Liz Truss as PM and replace her with Ben Wallace

A group of MPs want Ben Wallace as the new PM, with Rishi Sunak back as Chancellor in a bid to calm the financial markets. They hope Liz Truss will step aside to avoid total carnage at the polls

Daily Mirror

Health and teaching unions aghast at Jeremy Hunt’s new era of Tory austerity

The chancellor sparked alarm among trade union leaders by promising ‘very difficult decisions’ for government budgets

The Guardian - UK

'Tories have damaged Britain - only solution is a change of hands with Labour in power'

Keir Mudie says Liz Truss signed this mini-budget off, of course, so he is not sure what firing the Chancellor actually achieved other than removing the final human shield protecting the woman herself

Daily Mirror

Truss’ desperate bid to save UK premiership lands her in more trouble

Boxed in by market turmoil and a mutinous Conservative Party, British Prime Minister Liz Truss was left with two cards to play: hitting reset on her economic plan, and firing her friend and finance minister, Kwasi Kwarteng.

Tribune News Service

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If Jeremy Hunt is to be Truss’s saviour, he needs more than austerity 2.0

Tax-cut U-turns won’t be enough to balance the books, so the new chancellor will look at cutting public service budgets. But there is an alternative

The Guardian - UK

'Liz Truss is running Britain with a glorious chaotic sense of uselessness'

Mark Steel says now that Kwasi Kwarteng has been sacked, every policy Liz Truss said was essential will be reversed - even her press conference explaining the sacking of the Chancellor was useless

Daily Mirror

Miriam Margolyes swears live on air on BBC Radio 4 as she talks about new Chancellor Jeremy Hunt

The Harry Potter star was being interviewed on the BBC Radio 4 Today programme on Saturday morning when she swore and the presenters had to apologise

Chronicle Live

Universal Credit warning as DWP told families could lose up to £1,000 a year

The government is due to make an announcement on benefit upratings at the end of the month

Manchester Evening News

Interest rate rises could be higher than expected next month, warns Andrew Bailey

Bank of England Governor says ‘inflationary pressures’ could prompt stronger response than bank had previously thought

Evening Standard

Keir Starmer criticises ‘grotesque chaos’ under Liz Truss government

Labour leader says UK is ‘crying out for clear leadership’ and his party ‘must provide it’

The Guardian - UK

Tobias Ellwood has Tory whip restored after being suspended in July

Chair of Commons defence committee had whip withdrawn for failing to turn up for a confidence vote

The Guardian - UK

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Reuters

As UK's Truss fights for job, new finance minister says she made mistakes

Britain's new finance minister Jeremy Hunt said on Saturday some taxes would go up and tough spending decisions were needed, saying Prime Minister Liz Truss had made mistakes as she battles to keep her job just over a month into her term.

Evening Standard

Banker pay unchained: A bonus for the British economy?

City comment: Jeremy Hunt now has the chance to re-examine the disastrous mini-Budget. He should think twice before scrapping the banker bonus cap.

The Independent UK

Liz Truss news – live: Jeremy Hunt says PM went ‘too far, too fast’ on tax cuts

New chancellor said his focus was ‘on growth underpinned by stability’

Daily Mirror

UK's shortest serving prime ministers ranked as Liz Truss in danger of topping them all

The current holder of the dubious honour is George Canning, who was in office for just 119 days before dying of tuberculosis - but Truss has a long way to go to pass him

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news in one place.

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Daily Mirror

Humiliated Kwasi Kwarteng was flying 36,000ft over Atlantic when Liz Truss sacked him

The humiliated former Chancellor had been in Washington DC when he was ordered back to the UK, but he'd already been given the boot before his plane landed - not that he knew that

The Independent UK

Liz Truss ‘clinging to power’ amid ‘grotesque chaos’ of Kwarteng sacking, Starmer says

Labour leader says to expect ‘laughable excuses’ from ailing PM

The National (Scotland)

Tory prime ministers have ‘collectively got us into this mess’, says Ian Blackford

THE SNP’s Westminster leader Ian Blackford has said Tory prime ministers since 2010 have “collectively got us into this mess”, after…

Manchester Evening News

Jeremy Hunt says taxes will rise as he gets 'clean slate' on disastrous mini-budget

'Difficult decisions' will be made in the coming months, according to the new chancellor

The Independent UK

Tory prime ministers have ‘collectively got us into this mess’ – Blackford

Liz Truss should not be in office ‘one day longer’, the SNP’s Westminster leader has said.

The Guardian - UK

Miriam Margolyes swears live on air about chancellor Jeremy Hunt

Actor, 81, told BBC’s Today programme she wished him luck in his new job but wanted to say ‘Fuck you, bastard’

The Independent UK

New UK Treasury chief: Mistakes were made, tax rises coming

Britain’s new Treasury chief has acknowledged mistakes made by his predecessor and suggested that he may reverse much of Conservative Prime Minister Liz Truss’ tax-cutting plans, in order to bring stability to the country after weeks of economic and political turbulence

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