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The Latest Breaking News from Kwasi Kwarteng

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

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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

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

Evening Standard

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 Guardian - 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

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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

The Independent 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

The Guardian - UK

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

Daily Mirror

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 Independent 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 Guardian - UK

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

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

The Independent UK

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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

Wales Online

Government U-turns again on date of new fiscal plan

Shadow chancellor Rachel Reeves says the Government should 'get a grip'

The Guardian - UK

Sunakites to culture warriors: Tory tribes go to war in Birmingham

Conference fractures into intersecting groups whose members are united on issues from low tax to ‘woke’ students

Bristol Post

Bristol Tory group leader says new government deserves 'enormous credit' for Energy Price Guarantee

He did say, however, that the Prime Minister needs to "urgently address an obvious communications problem in her Downing Street team"

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Wales Online

Kwasi Kwarteng blames Queen's funeral for botched mini-budget

'It was a high speed, high pressure environment'

The Independent UK

Kwasi Kwarteng U-turns on U-turn over date of fiscal plan

Government economic policy was today plunged deeper into chaos after Liz Truss and Kwasi Kwarteng U-turned on a plan to calm markets by bringing forward a crucial statement by the chancellor.

Evening Standard

Kwasi Kwarteng says ‘high pressure’ following Queen’s death factor behind flawed mini budget roll-out

Chancellor says pitch could have been prepared better after speed of events created ‘high pressure environment’

The Guardian - UK

Liz Truss’s Tories are higher than ever on ideology – and they’re refusing to sober up

This fiscal fiasco hasn’t dimmed the PM’s enthusiasm for bootleg Thatcherism. Only voters can scare the party straight, says Guardian columnist Rafael Behr

Liverpool Echo

Interest rate, inflation, emergency fund and what they mean

Interest rates are high, inflation is soaring, but what does that actually mean?

Evening Standard

Liz Truss battles to maintain Cabinet discipline after U-turn on U-turn

Chancellor Kwasi Kwarteng appeared to be reversing one U-turn as the PM suggested she could one day cut the top rate of income tax

Wales Online

'We thought Boris was bad...': What people in Wales have been saying about Prime Minister Liz Truss

It comes after WalesOnline offered her some advice on how not to run a government

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