The Latest Breaking News from Kwasi Kwarteng

Liz Truss and Kwasi Kwarteng are two “desperate gamblers chasing a losing run” with an economic plan rewarding the “already wealthy”, according to shadow chancellor Rachel Reeves. The Labour frontbencher took aim at the Prime Minister and Chancellor as she warned the Government has served up a “menu without prices”,…

UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement.

Kwasi Kwarteng announced that an expected increase in duty rates for beer, cider, wine and spirits would be cancelled.

Tory MPs from across Greater Manchester have backed the plans that hope to deliver economic growth.

The Chancellor said scrapping the rise will reduce tax for many businesses

The drop in the pound was sparked following a series of cuts which were introduced by Kwasi Kwarteng on Friday

Kwarteng’s borrowing spree will have ugly economic consequences, says Michael Jacobs of Sheffield University

Ministers will be looking at how the Welsh budget is affected by the Chancellor's plans

The Prime Minister sat nodding approvingly behind Kwasi Kwarteng as the Chancellor announced a multi-billion pound package of tax cuts.