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The Latest Breaking News from Kwasi Kwarteng

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

The Guardian - UK

Liz Truss’s plans for tax cuts ‘a gamble at best’, says leading think tank

The Institute for Fiscal Studies said the new PM risks putting the public finances on an ‘unsustainable path’

Evening Standard

Mini-budget predictions: What should we expect from Kwasi Kwarteng?

The Standard looks at the moves the chancellor could announce

Evening Standard

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Liz Truss tells US corporate giants her tax cuts ‘just the start’, despite warnings of unsustainable debt

PM promises ‘lower, simpler taxes’ – despite new warning UK public finances on ‘unsustainable path’

The Independent UK

Food bank charity chief hits back at critics after shutting doors during Queen's funeral

Trussell Trust chief executive Emma Revie hit back at criticism - as she urged Kwasi Kwarteng to raise Universal Credit in his mini-Budget on Friday

Daily Mirror

The Mancunian Way: No room at the inn

Read the Mancunian Way newsletter for Wednesday September 21, 2022.

Manchester Evening News

What’s next for Rishi Sunak?

After losing the Tory leadership race to Liz Truss, the ex-chancellor has taken a breather. As Kwasi Kwarteng takes over at Number 11, Anne McElvoy looks at the next move for ‘goldenballs’: will he return to finance, or wait for Truss’s economic plan to fail?

Evening Standard

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Truss tells bosses of American multinationals tax cuts are ‘just the start’

The Prime Minister told leaders of firms including Google and JPMorgan Chase she wants ‘lower, simpler taxes’ to attract businesses to Britain.

The Independent UK

Kwasi Kwarteng’s bonus plan may not even please bankers

Investment bank revenue is already on the slide as clients sit on hands

Evening Standard

Chancellor Kwasi Kwarteng criticised for 'strange' behaviour during Queen's funeral

CHANCELLOR Kwasi Kwarteng has come in for criticism after appearing to laugh during the Queen’s funeral.

The National (Scotland)

Scottish firms say UK energy support scheme ‘doesn't live up to the hype’

THE UK Government’s business energy support plan does not “live up to the hype” and is not enough to help struggling firms through the winter,…

The National (Scotland)

Cost to taxpayer of Truss’s £100bn energy package has escaped scrutiny

MPs had no chance to question Jacob Rees-Mogg’s announcement and there is no one marking Kwasi Kwarteng’s homework

The Guardian - UK

The era of low interest rates is ending – its legacy is inequality and toxic politics

Over the past 14 years, older homeowners have continued to benefit – creating an unpleasant form of economic progress, says sociologist and political economist William Davies

The Guardian - UK

New headache for Keir Starmer as Jeremy Corbyn aims for a return to Labour

JEREMY Corbyn has given Keir Starmer a new problem just before the party conference by saying he hopes to return as a Labour MP. The controversial ex-leader called the way he has been treated by the party “extremely unfair”.

Evening Standard

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Daily Mirror

What is stamp duty, how much is it - and is it being cut this week?

New Prime Minister Liz Truss and Chancellor Kwasi Kwarteng are reportedly planning to cut stamp duty as part of their mini-Budget this week - but what is stamp duty, who pays it and how much is it?

Birmingham Post

Businesses welcome 'lifeline' energy price support - but say Kwasi Kwarteng needs to give them more support in Friday's mini-Budget

Chancellor 'must take steps to address the cost of doing business'

Evening Standard

What time will Kwasi Kwarteng announce mini-budget with £30bn in tax cuts on Friday?

The mini-budget is the first key example of strategy that the UK will see from Liz Truss and her government

Manchester Evening News

Government borrowing soars to record £11.8bn ahead of emergency mini-budget

The figure is almost double the £6bn predicted

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The Guardian - UK

‘No way’ Truss’s policies are trickle-down economics, says minister

Foreign Office minister Gillian Keegan replies to Joe Biden pouring scorn on tax cuts for the rich and businesses

Birmingham Post

Government will freeze energy prices for business from October 1 as Kwasi Kwarteng moves to 'stop businesses collapsing'

PM Liz Truss says shops and pubs will get extra support

The Guardian - UK

UK borrows almost twice as much as expected in August

Figure of £11.8bn comes as high inflation drives interest payments to a record for the month

Daily Mirror

Liz Truss 'plans to slash stamp duty' for Brits in tax cutting mini-Budget

The Prime Minister and new Chancellor Kwasi Kwarteng are preparing to announce a string of tax cuts in Friday's mini-Budget, which could reportedly include slashing stamp duty

The Guardian - UK

Energy support for businesses to cost ‘tens of billions’, Rees-Mogg says; firms and schools fear cliff edge – as it happened

Capping electricity and gas for six months won’t provide long-term security, schools and hospitality firms fear, as business secretary hints at more support

The Guardian - UK

Ever bold, always cocky and never a mission accomplished: this will be the tale of PM Truss

The pattern is already clear – a rush for growth, no concern about the risks, and a fall that everyone saw coming, says Guardian columnist Rafael Behr

The Independent UK

Chancellor told by devolved governments not to pass energy costs to households

The finance ministers from Scotland, Wales and Northern Ireland have asked UK Chancellor Kwasi Kwarteng to take urgent action on the cost crisis.

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