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The Latest Breaking News from Kwasi Kwarteng

Truss vows to usher in a ‘decade of dynamism’ in hint at more tax cuts

The Prime Minister and Chancellor Kwasi Kwarteng defended their controversial raft of tax cuts amid accusations they mainly benefit the rich.

Evening Standard

Great divide: pundits’ reactions to mini-budget run from alarmed to delighted

The chancellor’s plans manage to be both the best ever and economically incoherent, depending on who you listen to

The Guardian - UK

Rishi Sunak said it was fairytale economics. That was one thing he got right

The markets have no faith in the mini-budget and the British people will soon feel its effects

The Guardian - UK

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The Observer view on Liz Truss’s disastrous ‘fiscal event’

This was a brazen gamble that can only damage Britain’s future

The Guardian - UK

SNP demand cancellation of autumn recess at Westminster

THE SNP are demanding an urgent recall of Westminster to allow scrutiny of the UK Government’s “biggest, most reckless right-wing financial…

The National (Scotland)

Defence spending to increase by at least £52bn in response to Russian aggression

Ben Wallace praised the new PM for committing to a ‘huge’ boost to the Army after ’30 or 40 years’ of cuts.

The Independent UK

Truss vows ‘decade of dynamism’ in hint at more tax cuts

The Government's £45 billion tax-slashing package was met with some concern from leading economists

Wales Online

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Starmer lashes out at ’12 years of Tory failure’ ahead of crunch conference

Labour leader Sir Keir Starmer condemned the policies laid out in Kwasi Kwarteng’s mini-budget.

The Independent UK

Keir Starmer unveils green growth plan to counter Liz Truss’s tax cuts

Labour pledges a revolution in green energy to ‘boost jobs and slash emissions

The Guardian - UK

Kwasi Kwarteng could borrow for the right reasons. These are the wrong ones

Money spent on the green transition or skills would reap a dividend. But this cash is just going to the rich

The Guardian - UK

How homes in the South will gain three times as much than the North after UK tax cuts

Chancellor Kwasi Kwarteng unveiled his mini-Budget on Friday - in which he addressed tax cuts on Stamp Duty, which experts believe will only benefit those living in the South of the United Kingdom

Chronicle Live

Liz Truss hits out after critics slam tax cuts as 'for the rich' and pound plummets to 37-year low

Labour has described the Government's plans as 'casino economics'

Manchester Evening News

Revealed: the budget bonanza for UK’s best-paid bosses from Tory tax cut

Scrapping top rate of tax could save hundreds of thousands for some of the highest earners, analysis reveals

The Guardian - UK

Red wall seats are being put at risk by ‘cavalier’ tax cuts, Liz Truss warned

Tories are nervous of the ‘song and dance’ about doing more for high earners and the shift away from levelling-up

The Guardian - UK

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The Independent UK

Budget tax breaks for ‘affluent’ Tory areas will take funds from poorer places, Labour warns

Wealthier counties containing seats of Liz Truss and her deputy earmarked for ‘investment zones’

Nottingham Post

Universal Credit warning in changes announced by Chancellor

It comes as the mini-budget was unveiled

Evening Standard

Jeremy Corbyn brands Tory mini-budget borrowing ‘irresponsible’

Former Labour leader Jeremy Corbyn has blasted Conservative plans to borrow billions while cutting taxes as financially “irresponsible”.

Daily Mirror

'Liz Truss has only been PM for a few days and is already helping just the rich'

Mark Steel says Liz Truss insists that by allowing the rich to become richer, she will 'boost the economy'. In the meantime, people around the UK are struggling to make ends meet

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Daily Mirror

Martin Lewis shares some good news for Brits who earn less than £50,000 a year

As the basic rate tax threshold has dropped to 19 per cent from 20 per cent, the cut to income tax impacts those earning between £12,571 and £50,270

The Guardian - UK

This dash for growth represents the death of green Toryism

Boris Johnson was far more eco-conscious than recent Conservative predecessors. But this mini-budget is a reversion to type

The Guardian - UK

‘It’s extraordinary’: Liz Truss’s low-tax gamble has yet to convince Tory MPs

Colleagues ask if the new PM and chancellor Kwasi Kwarteng’s experiment is ‘a stroke of genius – or will blow up the economy’

The Guardian - UK

Mini-budget benefits London and south-east England, study shows

Analysis by Resolution Foundation shows 95% of UK population will be worse off after chancellor’s actions

Manchester Evening News

Martin Lewis has good news for anyone earning less than £50,000 a year

The Money Saving Expert says "the gain is really on the income between £12,570 and £50,000"

The Independent UK

Tory MPs hit out after Treasury minister describes criticism of tax cut as ‘politics of envy’

Mr Kwarteng was accused of betting on trickle-down economics

The National (Scotland)

Scottish Tories face more disarray as tax cut row looms

DIVISIONS among Conservatives first brought to the fore by the Tory leadership contest have resurfaced as a result of the major tax cuts in Kwasi…

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