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The Latest Breaking News from Kwasi Kwarteng

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.

Reuters

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…

The National (Scotland)

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

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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…

Evening Standard

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

The Independent UK

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

Evening Standard

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…

France 24

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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 National (Scotland)

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

The Independent UK

Kwasi Kwarteng denies boasting 'who cares if the pound crashes' on night of Brexit vote

The Chancellor's spokesman claimed a 2016 article, reporting he said 'who cares if sterling crashes? It will come back up again' outside a private members' club, was 'untrue'

Daily Mirror

Pound stabilizes but turmoil continues for UK economy

The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy

The Independent UK

Kwarteng tells City bosses his economic plan ‘will work’

Chancellor seeks to calm investors as government bonds continue to collapse

The Guardian - UK

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The Independent UK

Pound steadies in Asian markets after hitting record low over Kwarteng’s mini-Budget

Pound hit record low against dollar on Monday

The Independent UK

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

The opposition was buoyed by polling giving Labour a huge lead over the Conservatives.

The Independent UK

Kwasi Kwarteng said ‘who cares if Sterling crashes?’ after Brexit, report claims

Brexiteer MP overheard talking about markets on night of 2016 referendum vote

Manchester Evening News

Mortgages could get more expensive by the end of the week

It comes as the pound dropped to a record low on Monday

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news in one place.

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Daily Mirror

Everything you need to know after pound hit all-time low against US dollar

The pound has hit a record low after sweeping tax cuts were announced by the chancellor on Friday. Here we explain some of the reasons behind the fall and how it affects households and businesses across the country

Daily Record

Labour surges to largest poll lead over Conservatives in over two decades

A new YouGov survey suggests Labour has opened up a 17-point lead over the Conservatives - the greatest since the firm began polling in 2001.

The Guardian - UK

Labour says financial turmoil is ‘just the tip of the iceberg’

Shadow health secretary condemns Kwasi Kwarteng’s ‘reckless gamble’ and says Labour ‘cavalry is coming’

The Guardian - UK

Pouring cash into London to solve regional inequality? That’s trickle-down Trussonomics

The UK economy needs the rest of the country to help reverse decades of decline, says Guardian columnist Simon Jenkins

The Guardian - UK

Keir Starmer promises to launch publicly-owned UK energy company as he hails ‘Labour moment’ – as it happened

Latest updates: the Labour party leader used his conference speech to spell out his plan for the UK. This blog is now closed

The Guardian - UK

UK warned ‘significant’ rate rise is coming, as calls for mini-budget U-turn rise - as it happened

BoE chief economist Huw Pill says Bank should wait until next scheduled meeting in the first week of November rather than respond through an emergency rate hike

The Guardian - UK

Tuesday briefing: Three scenarios for the British economy after the pound slumps

In today’s newsletter: The Guardian’s special correspondent Heather Stewart talks us through the best, worst and most likely result of another chaotic day in the money markets

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