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The Latest Breaking News from Kwasi Kwarteng

Pound to dollar: Why is sterling so weak?

Currency tumbles again after Bank of England warned it is ending support package for pension funds on 14 October

The Independent UK

UK Government urged to give assurance DWP benefits will be uprated next April to match inflation

The Work and Pensions Committee has pressed the Chancellor for a commitment to the benefits uprating for 2023/24.

Daily Record

Britannia unhinged: Inside the 7 October edition of the Guardian Weekly

Truss and Kwarteng’s freefall market economics. Plus: Putin’s bluster

The Guardian - UK

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

Gordon Brown warns of ‘national uprising’ if benefits rise falls short

Liz Truss and Chancellor Kwasi Kwarteng have so far not ruled out such a real-terms cut to benefits.

The Independent UK

UK's Truss seeks to rebuild her authority at fractious party conference

Prime Minister Liz Truss sought on Wednesday to restore her authority following a chaotic first month in power, urging her Conservative Party to trust her to secure economic growth and steer Britain through "stormy days" ahead.

Reuters

Liz Truss to boast of 'disruption' in make-or-break speech as MORE Cabinet splits emerge

The Prime Minister will say 'disruption' is worth it to grow the economy in her first Tory conference speech as PM - as ex-PM Gordon Brown warned of a 'national uprising' and her Foreign Secretary slapped down her Home Secretary

Daily Mirror

Rightwing thinktanks run this government. But first, they had to capture the BBC

Why are representatives of these shadily funded groups treated as impartial observers on news programmes? asks Guardian columnist George Monbiot

The Guardian - UK

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I can’t promise to insulate Scotland from ‘fiscal recklessness’ - Swinney

The Deputy First Minister is due to lay out his response to the Chancellor's economic plans soon

Insider UK

Are London house prices about to crash? Warnings of ‘year of pain’ amid rising interest rates and inflation

The property market faces a ‘year of pain’, with a new two-year forecast estimating a 10 per cent drop for house prices. But how low will they really go?

Evening Standard

Do you think there should be a snap general election?

Pressure has even come from within the Conservative government

Manchester Evening News

Plunging pound and crumbling confidence: How the new UK government stumbled into a political and financial crisis of its own making

The new British government is off to a very rocky start – after stumbling through an economic and financial crisis of its own making.

The Conversation

Petrol prices: Drivers ‘denied’ 10p cut as major retailers ‘increase profit margins’

Motorists should have benefited from a drop in wholesale prices, the RAC said

The Independent UK

Humiliated Kwasi Kwarteng and Liz Truss should have the guts to own their blunder

Blaming the pressure of the Queen’s funeral for the Conservatives’ Budget for the Rich is a grotesque bid by the Government to shift responsibility

Daily Mirror

Elon Musk's $44 billion Twitter takeover is back on

Just two weeks before going to trial, Elon Musk has agreed to follow through with his $44 billion deal to buy Twitter. The billionaire entrepreneur had tried to call off the takeover just days after announcing it in April. Twitter shares soared as the news was confirmed. Also in the…

France 24

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Evening Standard

Tory civil war grows at conference as Suella Braverman accuses MPs of ‘coup’

Liz Truss finds her party simmering with rebellion and discontent and badly lagging in national polls

The Guardian - UK

Scary Tory clown squad play government in alternate dimensions

While Radon Liz and Kamikwasi Kwarteng set quantum dates for fiscal steadiness, Suella Braverman was talking up a coup

The Independent UK

‘These things take forever’: Kwarteng says public spending review is too much bother

Chancellor dismisses fears of rampant inflation – arguing state services are not like public who ‘buy shopping in Sainsbury’s’

The Independent UK

What do the government’s tax changes mean for me?

From income tax to national insurance, here’s how Liz Truss’s ever-changing economic policies could affect you

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news in one place.

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The Guardian - UK

‘Opposition mindset’: Tory MPs slope home after chaotic conference

Conservative disharmony shows no sign of abating as cabinet ministers fight over further potential U-turns

Daily Mirror

Kwasi Kwarteng blames Queen's death for Budget shambles as Tories plunge into all-out war

Under-fire Chancellor Kwasi Kwarteng said the national mourning period added to pressure in the build-up to his Commons statement - which plunged the Conservatives’ poll ratings into freefall

The Independent UK

Labour support in ‘red wall’ seats soars to 61%

Remarkable 23-point swing to Keir Starmer’s party in heartlands since mini-Budget mess

The Guardian - UK

Uproar and disorder: day 3 of the Conservative conference circus

A day after the chancellor’s forced tax-cut reversal, the Tories in Birmingham were still performing some jagged manoeuvres

The Guardian - UK

Truss and Kwarteng warned not to stretch medium-term growth timeline

Concerns that fiscal plan may take longer to deliver than the traditional definition of three to five years

The Independent UK

Kwasi Kwarteng budget: MPs demand inquiry into ‘insider trading’ claims

Treasury Select Committee urged to probe Chancellor’s contact with City traders

Chronicle Live

Devolution talks over £3bn North East mayor deal stall with Truss government 'occupied' by turmoil

As Liz Truss' administration is engulfed by controversies surrounding its economic plans, local council leaders have been left waiting for news on the £3bn devolution deal

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