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The Latest Breaking News from Kwasi Kwarteng

Kwarteng axes higher income tax for top earners and accelerates 1p cut for all

Chancellor claims abolishing 45p rate – already cut from 50p by George Osborne – ‘will make Britain more competitive’

The Independent UK

Income Tax cut for all Brits by 1p in mini-Budget - as richest get £10,000 a year EACH

Chancellor Kwasi Kwarteng announced a flurry of tax cuts and was jeered by Labour MPs, when he claimed "this is the beginning of a new era" after 12 years of Tory Governments

Daily Mirror

Stamp duty abolished on homes worth up to £250,000

Changes will save up to £2,500 on home purchases - or £11,250 for first-time buyers

The Independent UK

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Mini Budget 2022: Kwasi Kwarteng scraps cap on multimillion pound bankers' bonuses

The Chancellor has overturned rules brought in following the global financial crisis in 2008 when Gordon Brown was Prime Minister.

Daily Record

Stamp duty slashed in Mini-Budget - but experts warn of 'hammer blow' for buyers

Kwasi Kwarteng has confirmed a stamp duty cut as part of his Mini-Budget this morning - but there are fears this could push up house prices and be harmful for first-time buyers

Daily Mirror

Corporation tax hike on big business profits cancelled, says Kwarteng

Levy was due to rise from 19 to 25 per cent next April – after Rishi Sunak accepted low rate had failed to boost investment

The Independent UK

Kwasi Kwarteng sets out mini-budget as recession looms - these are the key points

THE UK Government will lift the cap on bankers’ bonuses, Kwasi Kwarteng has told the Commons.

The National (Scotland)

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Chancellor confirms changes to Universal Credit rules and energy bills

Kwasi Kwarteng also cut income tax, slashed Stamp Duty and alcohol duty as well as confirming the cancellation of National Insurance rises

Wales Online

Bankers’ bonus cap scrapped by Kwasi Kwarteng in mini-budget

Chancellor says move will attract top talent to the City and boost tax revenue

The Independent UK

Energy bill package will cost £60bn in first six months, says chancellor Kwasi Kwarteng

Chancellor sets out cost of support in tax-cutting mini-budget

The Independent UK

Kwasi Kwarteng says energy plan will cost £60 billion over six months funded by borrowing

Mr Kwarteng is outlining a mini-budget, telling MPs that energy costs are "particularly uncertain"

Daily Mirror

Tories SCRAP cap on multimillion pound bonuses for wealthy bankers as millions struggle

Announcing his mini budget in the House of Commons, Chancellor Kwasi Kwarteng opened the door for unlimited payments to be dished out again - as millions struggle to make ends meet

Daily Mirror

Sacked Kwasi Kwarteng's prestigious education and long-term friendship with Liz Truss

Kwasi Kwarteng had a prestigious education before entering parliament at the same time as his long-term ally Liz Truss — here's where the ex-chancellor was educated

Daily Mirror

Kwasi Kwarteng’s mini-budget: key points at a glance

The chancellor has delivered his mini-budget – here are the main points, with political analysis

The Guardian - UK

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Daily Mirror

Kwasi Kwarteng's younger wife, 'sex dossier' and on-off romance with ex-Home Secretary

Chancellor Kwasi Kwarteng, who is unveiling his 'mini Budget' today, is an 'intensely private' person when it comes to his love life but is married to a much younger City lawyer

Wales Online

8 things you might not know about new Chancellor Kwasi Kwarteng

The new chancellor will have a major role in how people cope with the cost crisis this winter - but who is he?

Daily Mirror

What's in Chancellor's red box and why Kwasi Kwarteng won't use it for Mini-Budget

The history of the government’s red box goes back well over a century. But the new Chancellor of the Exchequer, Kwasi Kwarteng, hasn't yet brought it back out as per tradition – here’s what’s inside

Nottingham Post

Nottinghamshire's only coal-fired power station to keep burning amid Ukraine war

The Government says that "back-up" supply is needed

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Daily Mirror

Kwasi Kwarteng's awkward moment on University Challenge where he swore twice

The newly-appointed Chancellor faced Jeremy Paxman on the show in 1995, and got so panicked over failing to answer the questions correctly that he swore twice during the episode

The Independent UK

UK Treasury chief to set out tax-slashing emergency budget

The U.K. government will publish an emergency budget statement outlining how it plans to slash taxes, tame soaring inflation and boost economic growth as a recession looms on the horizon

The National (Scotland)

Kwasi Kwarteng to put mini-budget forward today - here's how to watch

KWASI Kwarteng is set to announce tens of billions of pounds of tax cuts and new spending in a mini budget on Friday morning.

The Independent UK

What time is the mini-budget today and what to expect from Kwasi Kwarteng’s announcement

Kwasi Kwarteng will vow to ‘turn vicious cycle of stagnation into virtuous cycle of growth’

The Guardian - UK

Mini-budget 2022: pound crashes as chancellor cuts stamp duty and top rate of income tax – as it happened

Tax cuts to cost Treasury around £37bn in 2023-24, official figures reveal

Evening Standard

FTSE 100 Live: Pound tumbles under $1.09 and investors dump government bonds after mini budget

The pound fell under $1.09 after Kwasi Kwarteng delivered his growth-focused mini-budget with consumer confidence at a record low and markets under pressure after more big interest rate rises.

The Guardian - UK

Pound plunges through $1.09 as former US Treasury secretary blasts ‘naive’ UK policies in mini-budget– as it happened

Sterling has tumbled by over three cents to 37-year low, and UK gilt yields are surging, after Kwasi Kwarteng announced huge unfunded tax cuts

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