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The Latest Breaking News from Kwasi Kwarteng

This ‘mini-budget’ is a naked exercise in redistributing wealth upwards

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

The Guardian - UK

Welsh Government responds to Kwasi Kwarteng's stamp duty cut in England

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

Wales Online

Trussonomics: Chancellor’s budget marks sharp break in economic policy

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

The Independent UK

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Complicated IR35 tax rules scrapped in Mini-Budget in huge boost for self-employed Brits

Chancellor Kwasi Kwarteng announced a major new tax shake up in the mini budget this morning - and it means self employed workers are expected to receive a big boost

Daily Mirror

‘Right place at the right time’: freeports model gives fillip to St Helens regeneration scheme

Parkside project conceived almost a decade ago is among hundreds poised to benefit from tax cuts and other incentives

The Guardian - UK

Pound plummets to fresh 37-year low as markets are spooked as mini-budget unveiled

Sterling declined to a new 37 year low of $1.0899

Evening Standard

Chancellor Kwasi Kwarteng's mini-budget - have your say

Using more than £70 billion of increased borrowing, Kwasi Kwarteng has set out a package which includes abolishing the top rate of income tax for the highest earners. Let us know what you think of his mini-budget announcement

Bristol Post

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Opinion: Don't forget the South West when levelling up the UK

"It’s up to us as business leaders, owners and professionals to make the case for our region"

Birmingham Post

Onshore wind farm ban scrapped in mini-Budget OLD REDIRECTED

Campaigners welcome move – but condemn fossil fuel push and plan to weaken environmental protections

The Independent UK

Graph shows change in income for low and high earners after 'disgraceful' Mini-Budget

The Mini-Budget this morning announced a £45billion tax cut with the richest people potentially benefitting by a huge £10,000 per year, according to Treasury officials

Daily Mirror

Liz Truss and Kwasi Kwarteng's big gamble could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses Kwasi Kwarteng's mini budget that helps the wealthiest in society.

Daily Record

People claiming Universal Credit working part-time may see benefit payment cut under new plans

Part-time workers could have their benefits cuts if they don't look for more work.

Daily Record

Children ‘facing hungry Christmas’ after Kwarteng ‘prioritised bankers’ in mini-Budget, charities warn

Kwasi Kwarteng and Liz Truss accused of ‘prioritising bankers’ bonuses’ over hardest-hit families

The Independent UK

Rail unions say government plans to limit strikes will ‘enrage’ members

Kwasi Kwarteng announces moves that oblige unions to ensure trains run ahead of sustained industrial action

The Guardian - UK

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The Independent UK

Pound plummets as Kwasi Kwarteng sets out biggest raft of tax cuts for 50 years

The Chancellor abolished the top rate of income tax for the highest earners.

Birmingham Post

Welsh Government should consider going lower than the Chancellor on the top rate of tax

Business Editor Sion Barry on Kwasi Kwarteng's gamble with his dash for growth mini-Budget

The Guardian - UK

‘Helping the rich’: mini-budget brings fear and anger to PM’s home patch

Residents in the Leeds suburb of Roundhay, where Liz Truss went to school, express their views

The Guardian - UK

Pound falls to 37-year low against dollar as mini-budget puts markets in spin

FTSE 100 drops more than 2% to trade below 7,000 for first time since early March

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Evening Standard

Analysis: Chancellor’s mini-budget presents Sir Keir Starmer with dilemma as UK returns to Thatcherite free market economics

The new Chancellor buried the legacy of Boris Johnson’s big spending, higher tax agenda

The Guardian - UK

Hospitality sector: mini-budget judged a missed opportunity to help

Freeze on alcohol duty welcomed, but lack of new measures to support struggling businesses disappoints

Al Jazeera

UK mini-budget shakes the stock market, benefits the wealthy

The new finance minister’s tax cuts send the British pound to a 37-year low.

Evening Standard

Pub and restaurant body challenges Chancellor on VAT budget omission

UKHospitality boss insists ignored business rates must also be urgently addressed in autumn budget or before

Evening Standard

Chancellor goes to war with ‘militant trade unions’ as he vows to make it harder to strike

The Government will make it harder for trade unions to declare strike action, the Chancellor announced on Friday.

Birmingham Post

Hydrogen, carbon capture and offshore wind - all Humber infrastructure Chancellor aims to accelerate

Northern Powerhouse Rail and road improvements also flagged for the region

The Guardian - UK

If you are poor, it’s time to ask yourself: have you thought of simply being rich?

Kwasi Kwarteng’s tax-slashing mini-budget is the latest masterstroke in Liz Truss’s quest ‘to be unpopular’, says Guardian columnist Marina Hyde

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