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The Latest Breaking News from Kwasi Kwarteng

Kwarteng announces tax cut worth thousands to rich and nothing to poorest

Expected reversal of Rishi Sunak’s National Insurance hike brought forward to November

The Independent UK

National Insurance rise to be reversed from November, Chancellor announces

Kwasi Kwarteng says the tax cut will help 28m people in the UK keep an extra £330 a year

Evening Standard

National Insurance cut will take effect on November 6, government announces

Kwasi Kwarteng's mini-Budget will pledge to reverse the 1.25-point hike in National Insurance that took place in April under the last Tory regime - and it's happening a little earlier than expected

Daily Mirror

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Who is Kwasi Kwarteng, the UK’s first Black chancellor?

And how does he plan to save the UK’s imperilled economy?

Al Jazeera

DWP Universal Credit claimants could have their benefits cut - even if they have a job

Under plans expected to be announced on Friday, people will risk having their benefits sanctioned if they fail to take active steps to boost their earnings

Chronicle Live

Homeowners issued mortgage bill warning as stamp duty to be cut in UK

Stamp duty could be cut as part of Chancellor Kwasi Kwarteng's mini-budget on Friday but the move could lead to first-time buyers being priced out

Chronicle Live

The mini Budget: Businesses tell us what they want to happen on rates, VAT and NI

The Chancellor is said to be considering cuts to National Insurance, Corporation Tax and Income Tax - businesses tell us what they want to see in the mini Budget

Birmingham Post

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'Despicable and needless:' Scottish Greens slam Tory plans to cut benefits

THE Scottish Greens have said that reported cuts to the benefits of part time workers would be “a despicable and needless act of cruelty”.

The National (Scotland)

'Decisive action, clarity and simplification' or 'smoke and mirrors': North West business leaders share views ahead of mini-Budget

Leaders from across the region have had their say

Birmingham Post

What’s the story, diverse Tories?

For the first time in history, not one of our four leading ministers of state is a white man. Jason Okundaye looks at how this happened and whether it’s just political gameplay

Evening Standard

Chancellor Kwasi Kwarteng to deliver biggest tax cuts since Nigel Lawson’s Budget 34 years ago, says IFS

The Institute for Fiscal Studies also warned the Government’s dash for growth may not deliver on anything like the scale hoped for

Evening Standard

When Trussonomics arrives, the big winner may well turn out to be Labour

The PM’s assault on economic orthodoxy is a leap in the dark with every prospect of backfiring spectacularly, says Guardian economics editor Larry Elliott

The Guardian - UK

DWP Universal Credit crackdown will sanction more Brits - even if they have a job

Labour branded it 'staggering' that the Tories are threatening the low paid in Kwasi Kwarteng's mini-Budget - at the same time as plotting a boost to bankers' bonuses

Daily Mirror

New welfare shake-up could see 100,000 people in part-time work face a benefit cut

The change is expected to take effect from January as part of the Universal Credit system.

Daily Record

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The Independent UK

Kwasi Kwarteng to cut benefits if part-timers don’t work harder

Chancellor’s move comes as Liz Truss says UK has too many ‘economically inactive’ people

Wales Online

100,000 face benefits cut under new Universal Credit rules

More claimants who don't look for work will face having their benefits cut or stopped

Manchester Evening News

What is stamp duty tax and how could a stamp duty cut affect homebuyers?

Prime Minister Liz Truss and Chancellor Kwasi Kwarteng reportedly have plans to cut stamp duty as part of the mini-budget

Wales Online

Chancellor targets part-time workers in ‘win-win’ welfare shake-up

Kwasi Kwarteng wants to get 'Britain working again' in a bid to boost economic growth

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The Independent UK

Chancellor urged to cut VAT on public charging of electric cars

Kwasi Kwarteng will deliver a mini-budget on Friday.

The Guardian - UK

Kwasi Kwarteng to shrink part-time work benefits to grow labour supply

New UK chancellor aims to reverse inactivity in labour market, especially among over-50s

Manchester Evening News

Chancellor set to announce this week that 120,000 benefit claimants could see their payments reduced

Universal Credit claimants are expected to take steps to increase their earnings or could face sanctions

The Guardian - UK

Silencing mini-budget analysis will not help Truss woo the markets

Government needs independent verification of policies if it is to win vital finance sector confidence

The Guardian - UK

UK’s mounting debts unsustainable if sweeping tax cuts go ahead, warns IFS

Concerns mount before mini-budget that precarious financial position will spark run on sterling

The Guardian - UK

Affordable housing provision in wider building projects could be ditched

Ministers considering deregulation of planning system in some ‘investment zones’

The Guardian - UK

Truss tax cuts will hand big banks and insurers £6.3bn, study says

Figures compiled by House of Commons Library measure impact of freezing corporation tax and cutting banking surcharge

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