The Latest Breaking News from Kwasi Kwarteng

Public services and spectre of austerity will feature in speech as Rachel Reeves sets out dividing lines with Tories

Letters: Giving handouts to the rich is a fiscal and moral outrage, writes Prof Alan Walker; plus letters from Howard Fielding, Ivor Morgan, Richard Heller, Helen Briggs, John Platt, Jeffrey Borinsky and the parent of a City worker

Exclusive: Senior Conservatives warn ‘quid pro quo’ arrangement with Mark Fullbrook spells ‘electoral doom’

Chancellor Kwasi Kwarteng also claims he can’t comment on ‘market movements’ following pound’s plunge

The British armed fores are ‘actually going to grow’ for the first time since the Cold War, defence secretary says

Greater Manchester Mayor Andy Burnham contradicted Labour's position on income tax cuts, saying the 1p cut to the basic rate should not go ahead

Revelation about Mark Fullbrook follows last week’s repeal of rules to stop people paying themselves through companies to minimise tax

Odds of sterling hitting parity with dollar jump, as analysts say UK bond market ‘getting smoked’ by giveaway

Kwasi Kwarteng denies the measures announced last week only help the very rich

Kwasi Kwarteng claimed his tax cuts “favour people right across the income scale” amid accusations they mainly help the rich, and he hinted more are on the way. The Chancellor defended his programme of tax cuts – the biggest for 50 years – which he announced on Friday using more…

Kwasi Kwarteng claimed his tax cuts “favour people right across the income scale” amid accusations they mainly help the rich, and hinted more are on the way.