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The Latest Breaking News from Kwasi Kwarteng

Spending cuts made necessary by mini-Budget ‘could spell end of NHS’, top economist warns

Sir Charlie Bean, a former deputy governor of the Bank of England, said deep cuts would be needed to bring spending into line with GDP

Evening Standard

Bank of England takes emergency action as UK enters 'financial crisis territory'

THE Bank of England has been forced to intervene in an attempt to avoid a full-blown financial crisis after Liz Truss’s government announced…

The National (Scotland)

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 Independent UK

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Pound to dollar: Why is the sterling so weak?

British pound slumps to lowest level against dollar since 1971 after Kwasi Kwarteng’s mini-Budget

The Independent UK

Former Tory MSP calls for LABOUR government in fierce attack on own party

A FORMER Scottish Tory MSP has launched an extraordinary attack on his own party, calling for a Labour government to run the UK.

The National (Scotland)

Rebuke from IMF is a global embarrassment for Truss and Kwarteng

Will PM and chancellor ignore advice under mounting pressure, which is also coming from US and Germany?

The Guardian - UK

Keir Starmer slams Rupa Huq's 'racist' comments and refuses to say she'll rejoin party

MP Rupa Huq was suspended from Labour for 'ill-judged' comments to a conference fringe event, where she said Chancellor Kwasi Kwarteng was 'superficially' black

Daily Mirror

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Warning house prices could fall by 15% as banks hike mortgage rates

Veteran mortgage broker says he has not seen market move in such a way since 2008 financial crisis

The Independent UK

John Swinney: I am very concerned by IMF statement on UK tax plans

The International Monetary Fund said it was ‘closely monitoring’ the situation, urging the Chancellor to ‘re-evaluate the measures’.

The Independent UK

IMF heaps pressure on Kwasi Kwarteng over tax cuts

Kwasi Kwarteng will step up efforts to reassure the City about his economic plans on Wednesday after the International Monetary Fund (IMF) criticised the measures and the Bank of England signalled sharp interest rate rises could be on the way. The Chancellor will meet investment banks following days of turmoil…

Evening Standard

'What criticism?': Tory MSP claims he never heard of IMF attack on UK tax cuts

THE Scottish Tories have backed the UK Government’s tax cuts despite an extraordinary intervention from the International Monetary Fund and the…

The National (Scotland)

Fears of Labour government caused market turmoil, claims Tory peer Daniel Hannan

Daniel Hannan played down concerns about the £45 billion package of tax cuts announced by Chancellor Kwasi Kwarteng.

Evening Standard

Moody’s warns against Kwarteng’s ‘unfunded’ tax cuts after IMF intervention

Global ratings agency questions ‘credibility of government’s fiscal strategy’ in stinging statement

The Independent UK

Fears of a Labour government caused market turmoil, claims Tory peer

Daniel Hannan played down concerns about the £45 billion package of tax cuts announced by Chancellor Kwasi Kwarteng.

The Independent UK

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Daily Record

Scottish Conservative MSPs accused of 'hypocrisy' for backing Liz Truss tax cuts

Several prominent Scots Tories were public supporters of Rishi Sunak - but have now embraced the tax cutting regime of Liz Truss.

The Independent UK

Keir Starmer says Rupa Huq comments about Kwasi Kwarteng were ‘racist’

‘She will be dealt with’, says Labour leader – but insists any reinstatement would not be up to him

Evening Standard

Meet Team Truss, the new No 10 inner circle entering Downing Street

The PM has surrounded herself with a like-minded group of field experts and political power brokers who’ve proven their loyalty to her in the past — but who are they? Anne McElvoy looks at the Tories’ fresh new team

The Independent UK

Sir Keir Starmer says MP Rupa Huq’s comments about Kwasi Kwarteng were ‘racist’

Ms Huq was suspended from the Labour party after her remarks that the Chancellor is ‘superficially’ black appeared online.

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news in one place.

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The Independent UK

Pound retreats again and FTSE tumbles after IMF’s stinging criticism of UK plans

Sterling fell back to 1.06 US dollars, having recovered to 1.08 US dollars on Tuesday after Monday’s bloodbath saw it reach an all-time low.

The Guardian - UK

Starmer urges Truss to rethink budget as IMF criticises tax plans

Labour leader accuses government of losing control of economy, branding budget a ‘self-inflicted’ problem

Daily Mirror

IMF launches stinging attack on Kwasi Kwarteng tax cut plans in 'very serious' warning

Chancellor Kwasi Kwarteng spooked markets this week after delivering his Mini-Budget, with the pound plunging to an all-time low against the US dollar and mortgage deals being pulled

The Independent UK

Labour offering ‘common sense’ political centre ground, says Starmer

The Labour leader said he hoped the party was more like the one led by Sir Tony Blair than Jeremy Corbyn.

The National (Scotland)

IMF urges Kwasi Kwarteng to change course in extraordinary statement

THERE is international pressure on Chancellor Kwasi Kwarteng to change course following his mini budget announcement.

Daily Mirror

Keir Starmer demands Tories respond to 'mess' of economy as Brits 'very, very worried'

The Labour leader said the Government needed to act following a 'very serious' warning from the International Monetary Fund about the Chancellor's tax cutting bonanza

Evening Standard

Rupa Huq’s comments on Kwasi Kwarteng were ‘racist’, says Keir Starmer

Sir Keir Starmer has branded comments made by a Labour MP about the Chancellor being "superficially black” as racist.

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