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The Latest Breaking News from Kwasi Kwarteng

How Kwasi Kwarteng’s budget damaged the economy and what will happen now

Policy Correspondent Jon Stone unpacks how unfunded tax cuts pulled the rug out from under the UK economy

The Independent UK

Labour MP Rupa Huq suspended after calling Chancellor Kwasi Kwarteng ‘superficially’ black

Huq has offered the Chancellor ‘sincere and heartfelt apologies’ for her ‘ill-judged’ comments

Evening Standard

Is the UK in a recession? How central banks decide and why it's so hard to call it

Last week, UK chancellor Kwasi Kwarteng launched a bid to boost economic growth with the largest tax cutting exercise for half a century. What this so-called mini-budget has since overshadowed, however, was an admission by the Bank of England the previous day that the UK may already be in a…

The Conversation

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

The markets are in meltdown – but at least Kwasi Kwarteng’s doomsday cult isn’t to blame

The chancellor has spent his life praising free markets. Shame they don’t feel the same way about him, says Guardian columnist Marina Hyde

The Guardian - UK

Labour MP Rupa Huq faces backlash after calling Kwasi Kwarteng 'superficially Black'

The Labour MP for Ealing Central and Acton went on to say, 'You wouldn’t know he is black' when listening to him on the radio. She was speaking at a Labour fringe event in Liverpool.

Daily Mirror

Labour MP suspended after calling Kwasi Kwarteng 'superficially black'

LABOUR leader Sir Keir Starmer is facing calls to suspend MP Rupa Huq after she described Chancellor Kwasi Kwarteng as “superficially…

The National (Scotland)

Kwasi Kwarteng ‘confident’ growth plan will work despite market turmoil

The Chancellor has told City investors that he is committed to ‘fiscal discipline’.

Evening Standard

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Labour MP says Chancellor Kwasi Kwarteng is ‘superficially’ black

Tory chair says Keir Starmer should suspend Rupa Huq over comments

The Independent UK

Kwasi Kwarteng vows to stick with tax cut plan despite calls to ‘reverse course’

Chancellor insists strategy ‘will work’ and promises ‘credible plan’ to address debt next month

The Independent UK

Day Today ‘Pound stolen’ sketch goes viral after sterling tanks

Social media users post sardonic British humour after Liz Truss and Kwasi Kwarteng’s mini-budget

The Guardian - UK

UK government bonds: why are yields rising and why does it matter?

Britain’s borrowing costs have soared as investors turn sour on prospects for economy

The Guardian - UK

Critics of UK tax cut plans 'don't believe in Britain' says Tory party chairman

Meanwhile, a YouGov poll found that seven in 10 Tory voters don't approve of the plans which disproportionately benefit high-earners

The National (Scotland)

Tory donor makes huge profits from falling pound

‘It’s been helpful’, says Crispin Odey on his bets against Sterling amid market turmoil

The Independent UK

Keir Starmer must learn to box smart against this dangerous new Tory gang

When he was first jotting down notes over the summer for his Labour conference speech today in Liverpool, could Sir Keir Starmer have possibly imagined the backdrop against which it would be delivered? That he would be presenting his revived party as a government-in-waiting, while Prime Minister Liz Truss and…

Evening Standard

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Reuters

After high profile sacking, UK civil servants fear for jobs under Truss

"Speaking truth unto power" has long been the motto of Britain's civil service, but now some government workers charged with offering ministers impartial advice whatever their party are fearful of their political bosses and are keeping quiet.

The National (Scotland)

Former US Treasury chief predicts pound could fall below dollar and euro

Experts in the US have said they didn't expect markets to get "so bad so fast" in the fall-out from the UK Government's…

Evening Standard

Chancellor and Bank of England urged to prop up pound as banks pull mortgage deals

Although the pound rallied on Tuesday morning some senior Conservatives want the Chancellor to go further to calm financial markets

Evening Standard

Watch: Labour argues ‘cavalry is coming’ after ‘reckless’ Tory economic strategy

Voters can be reassured that the “cavalry is coming” in the form of the Labour party, the shadow health secretary said, as his party was buoyed by promising polling amid financial turmoil under the Conservatives. Wes Streeting squarely blamed Chancellor Kwasi Kwarteng’s “reckless and irresponsible choices” for the weakening of…

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The Independent UK

Markets treating UK like ‘developing country’ after Kwarteng budget, warns ex-US Treasury chief

Current turmoil ‘hallmark of situations where credibility lost’, says Larry Summers

Evening Standard

When will Kwasi Kwarteng announce the medium-term fiscal plan?

The plan will share further details on the Government’s fiscal rules, following the mini-budget announcement

France 24

Sterling recovers after dramatic fall but remains at historic low

After statements from the Bank of England and the UK Finance Minister Kwasi Kwarteng on Monday, the British pound recovered slightly on Tuesday morning but remained at its lowest level in decades against the dollar. All eyes will now be on the UK central bank's November meeting and a potential…

The National (Scotland)

Massive majority of Tory voters reject UK Government's tax cuts, poll finds

A NEW YouGov poll suggests there is widespread dissatisfaction with Liz Truss's government ...

The Independent UK

What time is Sir Keir Starmer’s speech today?

Labour leader to tell party conference in Liverpool that Britain is ready for change after 12 years of Tory misrule and economic chaos

The Independent UK

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

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

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