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The Latest Breaking News from Kwasi Kwarteng

Mortgage lenders ‘should feel confidence to put more products on the market’

Some of the downward pressure on house prices and transactions will be tempered following the Government’s U-turn, a housing market expert suggests.

The Independent UK

Can the public force a UK general election as Chancellor sacked within 38 days

Former Chancellor Kwasi Kwarteng was relieved of his position today (October 14), as Prime Minister Liz Truss performed a complete U-turn on new taxes set in place.

Edinburgh Live

Nicola Sturgeon demands Liz Truss resigns as Prime Minister to restore 'economic credibility' to the UK

The First Minister said the "only decent thing" for Tory MPs to do was force Truss out and call a general election.

Daily Record

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Everyone is saying the same thing after Liz Truss press conference

No one was reassured

Liverpool Echo

Spending cuts of up to £40bn expected after Liz Truss announcement

U-turns have filled less than half the £62bn ‘black hole’ created by Kwasi Kwarteng

The Independent UK

Liz Truss now odds-on to resign as Conservative leader this year following Chancellor sacking chaos

Rishi Sunak is the 2/1 favourite to replace her, with Penny Mordaunt next at 5/1 and Boris Johnson 12/1

Wales Online

Nicola Sturgeon calls for PM to quit as pressure for general election grows

The First Minister said Tory MPs should back an election if Liz Truss does not resign.

The Independent UK

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Liz Truss ‘hanging by a thread’ as PM, says Lord Hague, after corporation tax U-turn and axing of chancellor

Prime Minister insists she will stay on as leader as she fights for survival of premiership

Evening Standard

Truss was right to focus on growth. But her rush to get things done was short-sighted

City comment: Rather than hurrying to make announcements, the PM should have spent more time reassuring markets her policies were credible

Evening Standard

Liz Truss to raise corporation tax in another humiliating U-turn

PM makes second climbdown and sacks chancellor after package of unfunded tax cuts sent the pound tumbling

The Guardian - UK

Liz Truss clings to job after announcing yet another tax U-turn following disastrous mini budget

The Prime Minister walked out of a Downing Street press conference after just 10 minutes and answering four questions.

Daily Record

Liz Truss U-turns on corporation tax and admits her plan ‘has to change’

PM concedes radical mini-Budget ‘went further and faster than markets were expecting’

The Independent UK

Liz Truss rushes out of ultra-short NINE-minute press conference after refusing to resign

The Prime Minister was gone in the blink of an eye after telling the nation she would continue with her mission to grow the economy - despite sacking Chancellor Kwasi Kwarteng and U-turning over corporation tax due to market turmoil

Daily Mirror

Liz Truss challenged on her credibility in very brief press conference

LIZ Truss dodged a question on whether she has any “credibility” to continue as Prime Minister during a very short press conference from Downing…

The National (Scotland)

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Manchester Evening News

Who is the new chancellor Jeremy Hunt?

Jeremy Hunt was appointed chancellor hours after Kwasi Kwarteng's sacking

Evening Standard

Liz Truss U-turns on corporation tax after Kwasi Kwarteng sacked

Liz Truss tore up the mini budget with an £18 billion corporation tax U-turn after sacking Kwasi Kwarteng as Chancellor on Friday. The reversal came as the prime minister held a press conference after a tumultuous day where she sacked Mr Kwarteng, one of her closest allies, and appointed Jeremy…

The Independent UK

Jeremy Hunt is fourth Chancellor in just over three months

Such a rapid turnover is unprecedented in modern history.

Wales Online

Liz Truss confirms scrapping of corporation tax rise in latest mini-budget U-turn

It comes after Jeremy Hunt replaced Kwasi Kwarteng as Chancellor

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Reuters

UK's Truss sacrifices close friend Kwarteng over unloved fiscal plan

He was one of her closest friends and supporters, but Prime Minister Liz Truss sacked Britain's first Black finance minister Kwasi Kwarteng just 38 days into the job.

Tribune News Service

Hunt replaces Kwarteng as Liz Truss plans humiliating U-turn

U.K. Prime Minister Liz Truss fired Chancellor of the Exchequer Kwasi Kwarteng and replaced him with former Foreign Secretary Jeremy Hunt as she prepared to make a humiliating U-turn on parts of her economic plan.

Liverpool Echo

Man tried to smuggle drugs, Kwasi Kwarteng sacked and travel chaos

The latest ECHO headlines at lunchtime on Friday, October 14

The Guardian - UK

So farewell, Kwasi. Your career died so Liz Truss’s might live for at least 15 more minutes

Kwarteng is out, Hunt is in, and the farcical merry-go-round keeps spinning, says Guardian columnist Marina Hyde

Liverpool Echo

Martin Lewis has message for new Chancellor Jeremy Hunt

The Money Saving Expert founder took to Twitter after hearing the news Kwasi Kwarteng was being replaced

Daily Mirror

Liz Truss scraps Corporation Tax plan in ANOTHER U-turn as she vows to carry on

The Prime Minister is in a bitter scrap to stay in post, just 38 days after taking the top job, and earlier today sacked Chancellor Kwasi Kwarteng

The Independent UK

Sadiq Khan: Kwasi Kwarteng not the only problem with Liz Truss’ Government

The London Mayor was speaking as the Chancellor flew back to the US, just before he was sacked.

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