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The Latest Breaking News from Kwasi Kwarteng

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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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’

The Independent UK

Universal Credit warning in changes announced by Chancellor

It comes as the mini-budget was unveiled

Nottingham Post

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”.

Evening Standard

'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

Daily Mirror

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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

Daily Mirror

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

The Guardian - UK

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"

Manchester Evening News

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 Independent UK

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…

The National (Scotland)

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Manchester Evening News

Government dismisses criticism of tax cuts as ‘politics of envy’

It comes as Chancellor Kwasi Kwarteng unveiled the biggest programme of tax cuts for 50 years

Daily Mirror

How homes in South will gain THREE TIMES as much as those in North from tax cuts

Chancellor Kwasi Kwarteng yesterday unveiled his mini-Budget which included tax cuts on Stamp Duty, which experts believe will only benefit those living in the South of Britain

Wales Online

Government says tax cuts flack is 'politics of envy'

Labour accused PM Liz Truss and Chancellor Kwasi Kwarteng of dabbling in 'casino economics'

The National (Scotland)

Here's why the pound has dropped and what it means for you

THE pound had its worst day since the early days of the pandemic on Friday after the Chancellor announced his mini-budget.

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The National (Scotland)

Have your say on paying higher taxes in Scotland than England

FOLLOWING Chancellor Kwasi Kwarteng’s announcement of the biggest tax cuts in decades for people in England, Scottish Tories are calling on the…

The Guardian - UK

Tories gambling with the finances of British people, says Starmer

Labour leader attacks ‘casino economics’ in wake of £45bn package of tax cuts announced by chancellor

The National (Scotland)

'Nowhere will be safe': RSPB in scathing warning over Tory 'attack on nature'

“NOWHERE will be safe” if the Government goes ahead with plans for investment zones across the UK, a leading charity has warned.

Evening Standard

Kwarteng’s tax-cutting programme ‘not a gamble, it’s a necessity’, says minister

“They want better standards of living, they want to see money invested in public services, they want to see investment, they want to see their children having a better future than they do,” Mr Philp said

The Independent UK

Tax cut will not ‘suddenly unlock growth’, CBI boss warns chancellor

Tony Danker says Friday’s announcement failed to provide a broad-based plan

The National (Scotland)

Douglas Ross slated as he calls on Nicola Sturgeon to replicate Tory tax cuts

SCOTTISH Conservative leader Douglas Ross has been slated for demanding that Holyrood replicates the tax cuts announced by the UK Government on…

The Independent UK

Nationalised energy company could save households £4,400 in two years, analysis finds

Taxpayers missing out on up to £122bn of direct income as a result of privatised energy supply, TUC finds

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