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The Latest Breaking News from Kwasi Kwarteng

Liz Truss bows to pressure with corporation tax U-turn ‘on the table’

Speculation that reversal on leadership campaign pledge risks split with her chancellor, Kwasi Kwarteng

The Guardian - UK

Fury after plans for long-awaited £20m leisure centre shelved

Pendleton Leisure Centre won't be coming after Salford Council's announcement

Manchester Evening News

As she battles economic turmoil and an unruly party, what next for Liz Truss?

The Prime Minister has been in No 10 for just over a month but is already the subject of Westminster speculation about her future.

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Downing Street distances itself from Jacob Rees-Mogg’s attack on Office for Budget Responsibility

Business Secretary questioned the accuracy of OBR’s forecasting claiming its record hasn’t been ‘enormously good’

Evening Standard

Replacing Liz Truss would be a 'disastrously bad idea', claims Tory minister

Foreign Secretary James Cleverly hit back at critics saying getting rid of Truss would be a disaster economically.

Daily Record

Slapdown for Rees-Mogg over attack on economic forecasters

Business secretary’s broadside fuelled speculation of damning OBR verdict on Kwarteng mini-Budget

The Independent UK

Rich donor grows Tory pie by paying '£25k' for Liz Truss speech at £1,500-a-head dinner

The party loyalist reportedly pledged the sum for a signed copy of the PM's much-maligned party conference in Birmingham, which saw her mocked for saying the UK needs to "grow the economic pie" and saw her interrupted by Greenpeace protesters

Daily Mirror

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Jacob Rees-Mogg slapped down by No10 and top expert for attacking Tories' budget watchdog

A top economist said Jacob Rees-Mogg was half-right about the government's Budget watchdog being inaccurate... because the economy is actually WORSE than it predicted

Daily Mirror

‘Pig’s ear’: Tory press raises doubts about Liz Truss’s future

Once-loyal papers such as the Sun and Daily Mail start to turn on PM amid financial turmoil

The Guardian - UK

Kwasi Kwarteng says ‘let’s see’ when asked about potential U-turn on corporation tax – as it happened

Chancellor does not rule out increasing corporation tax when asked about whether government will perform U-turn

The Guardian - UK

No 10 dismisses rumours of Liz Truss U-turn on tax cuts

Gilts and pound rallied after speculation cuts to corporation and dividend taxes wouldn’t go ahead

The Guardian - UK

Pound and UK government bonds rally on rumours of more mini-budget U-turns – as it happened

US core inflation hits a 40-year high, triggering expectations of more big rate hikes, as Kwarteng meets IMF leaders in Washington

The Guardian - UK

Liz Truss faces calls for another U-turn to end economic mayhem

Now is not the time for a change of leader, James Cleverly tells Tory rebels

Evening Standard

Liz Truss faces growing pressure to rip up tax-slashing plans

An attempt to win over mutinous MPs at a meeting of the 1922 Committee reportedly failed

Insider UK

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Manchester Evening News

Liz Truss leadership 'in peril' after own MPs turn on her in fiery meeting

The Prime Minister was accused of “trashing the last 10 years” of the Tories’ record at a meeting with backbenchers

Daily Mirror

Why Liz Truss' pledge not to cut public spending is not all that it seems

Critics believe the Prime Minister has three options: U-turn and cut spending, U-turn on tax cuts, or keep going and drive the economy off a cliff. Some of the answers may lie in the detail

The Guardian - UK

Liz Truss in fresh peril as senior Tory MPs round on her over economy

PM accused of ‘trashing’ Conservative values and a PMQs performance that was ‘just appalling’

The Independent UK

Liz Truss faces revolt as angry Tory MPs demand U-turns on tax plans

Prime minister accused of ‘trashing 10 years of conservatism’ by angry MP

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news in one place.

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The Guardian - UK

Cliff edge looms for UK’s financial system

BoE’s move to end bond buying is a big gamble given the magnitude of the bind Britain is in

The Guardian - UK

The Guardian view on the UK’s financial crisis: a lot of blame to go around

Editorial: Liz Truss and Kwasi Kwarteng deserve all the criticism coming their way – but spare some flak for the Bank of England

Edinburgh Live

State Pension Triple Lock rule to be introduced in 'usual way' until end of Parliamentary term

Since 2010, the full annual amount of the basic State Pension has risen by over £2,300 - and the Department for Work and Pensions (DWP) will announce the uprating in November.

Wales Online

Economists fire back after Rees-Mogg tries to pin blame on others for mini-budget chaos

Senior Conservative says it was all down to Bank of England’s failure to raise interest rates in line with the US

The Independent UK

EXPLAINER: What caused UK's economic crisis and what's next?

Prime Minister Liz Truss took office last month promising to rebuild the British economy and put the nation a path to “long-term success.”

Daily Mirror

All Liz Truss's biggest U-turns exposed - and the ones that are yet to come

From fracking, windfall taxes and tax cuts to Britain's relationship with Emmanuel Macron, Liz Truss is no stranger to a change of heart - and there's plenty more to come from the flip-flopping PM

Evening Standard

PMQs analysis: As Liz Truss tried to avoid mini-budget elephant in room, did she walk into bear trap?

In one of his stronger performances, Sir Keir Starmer called for a reversal of the ‘Kamikwazi budget’

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