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The Latest Breaking News from Kwasi Kwarteng

Pound hits all-time low in backlash at Kwasi Kwarteng’s tax cuts

Pound crashes to its lowest level against the dollar since 1971

Evening Standard

'This isn't Bitcoin': Angela Rayner slams Tories 'recklessly gambling' with our money

The Conservative government has recently introduced a controversial tax cuts plan

Liverpool Echo

Nicola Sturgeon: Mini-budget is disaster it would be wrong to follow

The Scottish First Minister said plans to cut taxes were ‘morally repugnant, fiscally damaging and reckless’.

The Independent UK

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read the most diverse news in one place.

Letters of no confidence in Liz Truss 'already being put in', claims Tory MP

LETTERS of no confidence in Liz Truss are already coming in amid fears she will "crash the economy", a source has suggested.

The National (Scotland)

Bank of England faces growing pressure for emergency rate rises as bond yields jump

Pound falls to lows not seen in a generation as confidence in UK governments tax plans plummets on global markets

Evening Standard

Mini-budget: How much is stamp duty and how to access tax calculator

Under the new measures, first-time buyers in London and the south-east could potentially save as much as £11,250

Evening Standard

Five ways the falling value of the pound will impact on your daily life

The financial markets reacted badly to Kwasi Kwarteng’s mini-budget last week. But how will it impact ordinary consumers?

Daily Record

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ITV Good Morning Britain's Ed Balls hints at Susanna Reid outrage after 'patronising' joke about guest's hair

Ed said he'd have been 'in trouble' if he had said what Susanna had

Manchester Evening News

Liz Truss facing more cabinet backlash over moves to bring in more overseas workers

Work and pensions secretary ‘comfortable’ with relaxing rules to fill shortages – but home secretary said to be adamant numbers come down

The Independent UK

Why has the pound hit a record low?

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

The Independent UK

John Swinney: Scottish Government to 'reflect carefully' on Chancellor's tax cuts

John Swinney said the Chancellor's tax cuts will have "significant" consequences

The National (Scotland)

"We won't forget this": Sacha Lord hits out at Chancellor Kwasi Kwarteng over lack of support for hospitality in mini-budget

Hospitality leaders said the plans did not address business rates or a VAT reduction needed to continue supporting high street businesses

Manchester Evening News

Gary Neville says Liz Truss is ‘taking the Mickey’ over tax cuts for rich

Former England international to join Sir Keir Starmer at Labour Party conference

The Independent UK

EU warns UK not to break post-Brexit trade deal in drive for growth

Brussels has warned Britain not to break their post-Brexit trade deal by slashing regulation in its new drive for economic growth.

Evening Standard

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Manchester Evening News

Holidays, spending and benefits? What the pound hitting a record low means for Britons

Sterling plunged to a record low just days after Kwasi Kwarteng's mini-budget was set out

Evening Standard

Why is the pound dropping against the dollar and why is the dollar stronger?

The new rate marks the lowest the pound has been since decimalisation

Daily Mirror

GMB's Susanna Reid grills Tory MP on tax cuts for the wealthy in heated exchange

Good Morning Britain’s Susanna Reid and co-host Ed Balls spoke with Conservative MP Chloe Smith on the ITV programme

The National (Scotland)

Pound falls to all-time low against US dollar as experts warn of cost-of-living impact

Experts warned the pound’s plunge towards parity with the dollar will send the cost of goods soaring even higher

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news in one place.

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Daily Mirror

Labour says Kwasi Kwarteng 'fanned flames' for pound's fall with fresh tax cut hints

The pound plunged to an all-time low against the US dollar this morning amid hammered market confidence over the Government's economic plans

Daily Mirror

What a weak pound means for your money as Sterling hits all-time low against US dollar

The pound plunged by more than 4% to $1.0327 in early Asia trade today - its lowest level since the decimalisation of the currency in 1971 - but what does this mean for you?

The Guardian - UK

Pound’s plummet underlines schoolboy error by Kwasi Kwarteng

Chancellor added to market worries by pledging further tax cuts in full budget planned for later this year

The Independent UK

Labour accuses Kwasi Kwarteng of ‘fanning flames’ of falling pound

Shadow chancellor Rachel Reeves accused the Government of recklessly gambling with the nation’s finances.

Liverpool Echo

Susanna Reid pulled up on hair comments during tax cuts interview on GMB

Co-host Ed Balls told Susanna Reid: "Good job I didn’t say that"

Evening Standard

Labour urges investigation into ‘leak’ of mini-Budget after hedge funds shorted the Pound

Calls come amid reports hedge fund bosses made ‘small fortunes’ by betting that Sterling would fall

France 24

British pound hits record low against US dollar, prompting recession fears

The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.

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