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The Latest Breaking News from Kwasi Kwarteng

Kwasi Kwarteng raises prospect of real-terms benefits cut despite tax boost for rich

The under-fire Chancellor said it would be "premature" for him to "come to a decision" on increasing benefits in line with inflation amid the economic turmoil

Daily Mirror

Sadiq Khan says Rupa Huq’s remarks about Kwasi Kwarteng were racist but she is not

London mayor Sadiq Khan said comments made by London MP Rupa Huq about the chancellor were “racist” but insisted she herself is not.

Evening Standard

Grinning Liz Truss says it's not her job to give mortgage advice as budget causes chaos

The shameless Prime Minister also appeared to deflect blame for rising interest rates onto the Bank of England and claimed a global global economic pressure is responsible for the UK's woes - despite no other currencies plummeting to the same extent

Daily Mirror

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What’s Next for Britain? Simon Wolfson’s prediction isn’t cheery

Share price fell 13% after CEO’s warning worst is to come, but scale of uncertainty makes precise projections impossible

The Guardian - UK

Labour surges to 33-point lead against Tories after days of turmoil

Liz Truss’s Government has been engulfed in a political and economic crisis since Friday’s mini-budget.

The Independent UK

The Guardian view on the UK economy: sack Kwarteng, oust Truss

Editorial: The crisis was created by the new government. But the British people, not ministers, are paying the price

The Guardian - UK

Bombshell polls throw massive question mark over Liz Truss’s future as PM

Tory meltdown after ‘unforced error’ Budget gifts Keir Starmer leads of up to 33 points

The Independent UK

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We asked every Tory MP in Greater Manchester what they thought about the mini-budget - not one of them replied

There are eight Conservative MPs in the region

Manchester Evening News

Treasury watchdog to ask Kwarteng to hand over growth forecasts

Tory chair Mel Stride says committee needs to hear how chancellor will boost growth, and suggests one option might be via immigration

The Guardian - UK

Doom loops and margin calls: 10 terms that explain the market meltdown

Your one-stop shop for all the jargon you’ve been reading since Kwasi Kwarteng’s mini-budget

The Guardian - UK

Cross-party MPs demand Kwasi Kwarteng brings forward next ‘fiscal event’

The Treasury Select Committee, chaired by an influential Tory MP, said the Chancellor should reveal his medium-term fiscal plan at the end of October.

The Independent UK

$Truss's mini-budget chaos is unsettling an already-fractured Conservative Party – but is removing her worth the risk?$

Truss's mini-budget chaos is unsettling an already-fractured Conservative Party – but is removing her worth the risk?

Prime Minister Liz Truss entered office with the less-than-ideal backdrop of a cost of living crisis and war in Ukraine. The economic turmoil her government has waged is already creating more problems for her.

The Conversation

The UK's economic turmoil doesn't have to be ours

Lack of coordination between monetary and fiscal policy is hurting the UK economy and threatening a global currency crisis. What might that mean for NZ?

Newsroom.co.nz

Have all the slugs slithered up north?

Brief letters: Sluggish behaviour | Currency crimes | A numbers game | Catchphrase of the year | Going nowhere

The Guardian - UK

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Daily Record

Poorest in society will pay most for Tory tax cuts, Kwasi Kwarteng signals

Kwasi Kwarteng refused to say if benefits would rise with inflation next April amid warnings that families face destitution if they do not.

The Guardian - UK

Of course Rupa Huq was wrong, but why is it the left that always gets it in the neck for racism?

In this climate, anti-racists are always one mistake away from disgrace, while rightwingers who cause division get away scot-free, says writer Nelson Abbey

The National (Scotland)

Douglas Ross ‘concerned’ about his mortgage – despite backing Tory mini-budget

THE leader of the Scottish Conservatives has said mortgage payments are “an absolutely huge concern” – despite backing the UK Government’s…

The National (Scotland)

Read in full: Kwasi Kwarteng's message to MPs explaining economic chaos

CHANCELLOR Kwasi Kwarteng has messaged Tory MPs encouraging them to “remain focused” despite market turmoil this week.

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The Guardian - UK

Rationale behind abolition of 45p tax rate reflects failed ideology

Figures show the cut to top tax rate will not reduce avoidance, bring people to the UK or make people work harder

The Independent UK

Labour more trusted than Conservatives on the economy – poll

Ipsos surveyed 1,000 adults after Kwasi Kwarteng’s mini-budget on Friday.

The Guardian - UK

A global problem? Liz Truss’s claims on financial chaos fact-checked

We look at claims made by the PM and the chief secretary to the Treasury that have raised eyebrows

Daily Mirror

Kwasi Kwarteng breaks silence after mini-budget tanks markets - insisting plan will work

The under-fire Chancellor facts calls to quit after the Bank of England was forced to intervene to prevent pensions firms from collapsing following his catastrophic mini budget

The Guardian - UK

What do Tory MPs think of Liz Truss? A ‘toxic bomb’ that could sink the party

Less than a month in, the PM’s political capital is draining away. And party conference is unlikely to offer any relief, says Spectator deputy political editor Katy Balls

The National (Scotland)

Chancellor insists UK Government 'sticking to growth plan' despite market turmoil

The Chancellor is refusing to U-turn on his plans despite the economic implications and said his mini-budget will "help people"

The Guardian - UK

Trussonomics has been exposed as a childish absurdity. Trussopolitics is even worse

The prime minister and Kwasi Kwarteng must now eat humble pie and try to steer Britain out of the crisis they created, says Guardian columnist Simon Jenkins

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