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The Latest Breaking News from Kwasi Kwarteng

Pound to dollar: Why is the sterling so weak?

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

The Independent UK

There was a way to try ‘Singapore-on-Thames’ but not like this

Concern about the Truss-Kwarteng “dash for growth” mini-budget has morphed into the threat of a full-scale financial crisis, prompting the Bank of England to do more quantitative easing to ease panic in the market for government bonds.

Evening Standard

Nicola Sturgeon confirms Scottish Government won't repeat Tory tax cuts that 'crashed the pound'

The First Minister warned some Scots were now "terrified" of their ability to heat their homes and pay their mortgages this winter.

Daily Record

From analysis to the latest developments in health,
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Liz Truss says ‘we have the right plan’ despite economic turmoil

But ex-Bank chief takes aim at PM and Kwarteng

Evening Standard

Tory Party Conference 2022: When is Chancellor Kwasi Kwarteng’s speech today?

The Tory Party Conference will feature speeches from a number of prominent Conservatives, including Prime Minister Liz Truss and Chancellor Kwasi Kwarteng

Evening Standard

Liz Truss demands spending cuts in ‘plenty of areas’ of public services

Government warned against ‘act of national vandalism’ after call for ‘efficiencies’

The Independent UK

I am clinging to my surefire tactic to get through these days of anxiety

These are anxiety-inducing days. The pound tanking, interest rates rising, mortgage payments set to increase — and that’s just this week’s bad news. Then there’s the worries we all have that only our nearest and dearest will usually know about. In my case, I wake up every morning unsure if…

Evening Standard

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Liz Truss's car crash interviews show she is 'completely out of touch with Scotland'

The PM was quizzed by journalists at eight local BBC radio stations in England on Thursday morning as the fall-out from the Chancellor's mini-budget

The National (Scotland)

I was a Tory MP, but Truss and Kwarteng have convinced me to vote Labour

Labour is the only party that can lead us out of this mess, says former MP Nick Boles

The Guardian - UK

9 car crash moments in Liz Truss's local radio grilling branded 'worst outing since 1216'

If Liz Truss thought her hour-long marathon of mini Budget local radio interviews would be a breeze, she was wrong - as listeners asked her "are you ashamed of what you've done?"

Daily Mirror

What is happening to the economy explained - from mortgages to pensions

Chancellor Kwasi Kwarteng's mini-Budget kick-started a chaotic chain of events that are now affecting everything from mortgages to pensions, with many homeloans pulled from the market and deals cancelled

Daily Mirror

Liz Truss says her government's 'controversial' economic plan is the 'right' one - despite market turmoil sparked by mini budget

The Prime Minister has been defending the plan on local radio stations

Manchester Evening News

Why are Britain’s pension schemes dumping government bonds?

Bank of England forced to step in to calm gilt markets as mini-Budget financial storm rumbles on

The Independent UK

Nothing to see here: Truss allies’ curious excuses for financial meltdown

PM and her allies have a number of theories on why current turmoil has nothing to do with Kwasi Kwarteng’s mini-budget

The Guardian - UK

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Manchester Evening News

"Enough to make your ears bleed": Listeners in disbelief at disastrous, awkward Liz Truss interviews this morning as Britain plunges into economic chaos

Ms Truss spoke publicly for the first time since the mini-budget sparked economic chaos

The Independent UK

UK economic strategy is ‘cautionary tale’, says top Joe Biden official

‘We’re pursuing a different strategy’, says US commerce secretary

Daily Record

What Liz Truss said to every BBC radio station during car crash round of interviews

The Prime Minister attempted to address concerns surrounding her mini budget in the House of Commons last week.

Birmingham Post

Liz Truss defends mini-budget and economic plans despite market turmoil and Bank of England intervention

'I don't accept the premise of the question' - embattled PM gets tough questions as she does BBC local radio interviews

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Daily Mirror

House sales COLLAPSE after banks pull mortgage offers - as market meltdown continues

North Wales estate agent Ian Wyn-Jones has warned how mortgage offers are now being pulled, as the market was left spooked this week following the Mini-Budget delivered by Kwasi Kwarteng

Wales Online

Liz Truss breaks silence on mini-budget and economic turmoil

"We had to take urgent action to get our economy growing"

Bristol Post

Liz Truss defends 'controversial and difficult decisions' in first public interview since mini-budget announcement

The PM is touring local BBC radio stations this morning - including Bristol

The Independent UK

Liz Truss admits her Budget gives ‘disproportionate’ gains to rich, but insists it is ‘right plan’

PM forced to deny she has inflicted ‘Robin Hood in reverse’ policy on country

Daily Mirror

Liz Truss FINALLY breaks silence after budget turmoil and says it's 'right for the country'

The Prime Minister refused to accept she was wrong after borrowing £72bn in one year alone to fund tax cuts, sparking turmoil and a £65bn Bank of England bailout

The Independent UK

Liz Truss and Kwasi Kwarteng have ‘fixed energy crisis’, claims minister

Treasury minister Chris Philp also points finger at Vladimir Putin for rising interest rates

Evening Standard

London politics LIVE: Poll gives Labour 33-point lead over Tories as Kwasi Kwarteng calls for unity amid mini-Budget backlash

In a message to Tory MPs, the Chancellor wrote: ‘I understand your concern. We are one team and need to remain focused.’

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