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The Latest Breaking News from Kwasi Kwarteng

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)

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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

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?

Daily Mirror

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'

Birmingham Post

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

Evening Standard

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

The figure is almost double the £6bn predicted

Manchester Evening News

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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

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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.

The Independent UK

Business energy bills could be capped from next month

Independent pubs among those who will get longer-term support, Liz Truss indicated

The Guardian - UK

Liz Truss favours trickle down economics but results can be trickle up

UK PM is reviving the idea that cutting taxes for the better off ultimately benefits everyone. The IMF disagrees

The National (Scotland)

Liz Truss prepared to make 'difficult decisions' like lifting bankers' bonus cap

The Prime Minister was asked, “Whose side are you on?” over plans to lift the cap on bankers' bonuses

Daily Mirror

Police chiefs warn of daunting choice between cuts and council tax hikes as energy costs bite

Police commissioner Dr Alan Billings, who represents South Yorkshire, has pleaded with Liz Truss to provide extra support for forces - saying he's faced with finding an extra £3.7 million due to soaring inflation

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