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The Latest Breaking News from Kwasi Kwarteng

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’

Evening Standard

Rapid U-turn as Liz Truss indicates she COULD make public spending cuts

LIZ Truss's spokesman has suggested she could cut public spending after all despite the Prime Minister's "absolute" commitment during PMQs…

The National (Scotland)

Top Tory warns tax cuts U-turn WILL happen as 'pyromaniac' government refuse to back down

Mel Stride, who chairs the influential Treasury Select Committee, says he is among those who expects Chancellor Kwasi Kwarteng will have to row back further when he announces full financial plans

Daily Mirror

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Ian Blackford accuses Liz Truss of ignoring 'damage' and 'chaos' of mini-budget

The SNP's Westminster leader also took aim at the Prime Minister saying she was more concerned about saving the Chancellor Kwasi Kwarteng's job than making sure the poorest in society will be able to heat their homes this winter

Daily Record

Watch MPs jeer as Liz Truss claims General Election is 'last thing we need'

LIZ Truss was jeered in the Commons after she told MPs that a General Election was the “last thing we need”.

The National (Scotland)

Starmer warns Tory MPs they will not be forgiven for backing ‘kamikaze’ budget

Sir Keir, in his remarks at Prime Minister’s Questions, asked: ‘Who voted for this? Not homeowners paying an extra £500 on their mortgages.’

The Independent UK

BBC PMQs viewers baffled by 'unusual problem' as Liz Truss attempts to defend policies

It was the first PMQs since Ms Truss' economic plans sent the markets into turmoil

Liverpool Echo

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Mini-budget will not lead to promised growth, leading economists tell MPs

Economic confidence in UK seriously undermined by Kwarteng and Truss’s ‘guerrilla tactics’, Commons committee hears

The Guardian - UK

Liz Truss facing MPs as pressure mounts over economy

The Prime Minister is facing MPs on Wednesday for the first time since Chancellor Kwasi Kwarteng’s £43 billion mini-Budget tax giveaway unleashed chaos in the financial markets.On Tuesday, senior Tories warned the Government’s economic credibility would be further shredded if the Chancellor tries to push through the disputed mini-Budget policies…

Evening Standard

State Pension Triple Lock rule to be implemented in ‘usual way’ until end of current Parliamentary term

Since 2010, the full annual amount of the basic State Pension has risen by over £2,300.

Daily Record

Shock fall in monthly growth leads to new fears of recession

Markets’ jitters over Kwasi Kwarteng’s plan continue

Evening Standard

Tory voters could abandon party if house prices fall, poll shows

Homeowners who voted Tory in 2019 would be put off backing the party at the next General Election if property prices fall, a new survey has found.

Evening Standard

Liz Truss promises NO cuts despite '£60bn needed' as Keir Starmer blasts her 'madness'

Liz Truss was facing angry MPs who are demanding she tears up more of her mini-Budget - after a month with no PMQS that has been marked by U-turns and financial turmoil

Daily Mirror

Bank of England reveals its scheme to protect market will end on Friday

There were reports it might be extended past Friday

Wales Online

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The Independent UK

How the pound is performing against other currencies

The pound fell against the Albanian Lek, the Lebanese pound, and the Malaysian Ringgit, among many others

The National (Scotland)

Jacob Rees-Mogg accuses BBC of bias over 'speculative' reporting on mini-Budget

JACOB Rees-Mogg has criticised the BBC ’s reporting of the economic turmoil witnessed in the wake of the government’s mini-budget, claiming…

Daily Mirror

Tetchy Jacob Rees-Mogg suggests mini-Budget had nothing to do with economic chaos

In a tetchy interview, the Business Secretary accused the BBC of breaching its impartiality guidelines by questioning him on the fallout after Chancellor Kwasi Kwarteng's tax-cutting blitz spooked markets

The Independent UK

Liz Truss’ history of U-turns after first major reversals as prime minister

PM is no stranger to about-turns, both large and small

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Birmingham Post

South West businesses blame 'hare-brained' mini-Budget as recession risk rises

The cost-of-living crisis is taking its toll on businesses with firms calling on the government to do more to help

The Independent UK

What time will Liz Truss face Commons in PMQs today and how to watch?

Tory leader to square off against Sir Keir Starmer after market mayhem

The National (Scotland)

Pound falls further as Bank of England warns market support will end soon

THE pound fell again overnight after the Bank of England governor warned its emergency support package for the markets would end on Friday.

The Independent UK

Kwasi Kwarteng’s ‘original sin’ caused UK turmoil, says ex-Bank of England deputy

Sir Charlie Bean says Bank could extend emergency action to ease ‘pressure’ on government

The National (Scotland)

Risk of recession rises as UK economy shrinks in August

THE risk of a recession has risen after the UK’s economy shrank in August as factories and consumer services firms struggled, according to…

The Independent UK

Jacob Rees-Mogg claims parts of economy in ‘good state’ and insists pensions safe

Cabinet minister clashes with BBC host – and reveals his own mortgage payments have gone up

The Guardian - UK

Populist rhetoric without the popularity – Truss’s guaranteed recipe for failure

At least Brexit had an electoral mandate. The PM’s project of economic self-harm is neither politically nor morally feasible, says Guardian columnist Rafael Behr

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