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The Latest Breaking News from Kwasi Kwarteng

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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‘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

The Guardian - UK

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

Birmingham Post

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

The Guardian - UK

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

Daily Mirror

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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 Guardian - 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 Independent 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 Guardian - UK

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

The National (Scotland)

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

Daily Mirror

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Manchester Evening News

What Friday's 'mini budget' could mean for you as Liz Truss confirms tax cuts

Liz Truss' government are expected to make some major economic announcements at the end of the week

Daily Mirror

Pubs and restaurants demand support on top of energy bills cap to prevent 'unfolding catastrophe'

Trade bodies representing pubs, bars and restaurants are calling for an immediate reduction in VAT on all sales and cancellation of business rates on top of energy bills cap

The Guardian - UK

Liz Truss pledges to review tax rates amid cost of living crisis

PM’s remarks pave way for radical overhaul that could include rethinking income tax brackets

The Independent UK

Liz Truss and Joe Biden clash over economic policy ahead of US meeting

US president attacks ‘trickle down’ economics, as PM admits her tax cuts will benefit rich most

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The Independent UK

Unions launch legal challenge against Tories’ new anti-strike laws

TUC says rules breach fundamental rights and rules on consultation

Evening Standard

Kwasi Kwarteng: what has been the ex-chancellor’s career to date?

The shortest-serving chancellor since 1970 has been an MP for 12 years

The Guardian - UK

Kwasi Kwarteng refuses to let OBR release forecasts with mini-budget

Tory chair of Treasury committee says assessments on economic impact of planned tax cuts vital to provide reassurance to markets

The Independent UK

MPs demand economic forecast alongside Kwarteng’s mini-budget

The Tory chairman of the Treasury Committee said such data is needed to ‘provide reassurance and confidence to international markets and investors’.

The National (Scotland)

Liz Truss admits not all her policies will be ‘popular’ ahead of banker bonus cap lift

LIZ Truss conceded not all her policies will be “popular” as she prepares to lift the cap on bankers’ bonuses while millions feel the squeeze…

The Guardian - UK

Liz Truss signals further tax cuts could be on way in hunt for economic growth

PM’s remarks suggest tax cuts set to be unveiled in Friday’s ‘fiscal event’ may not be the last, with full budget expected in November

Daily Mirror

Soaring energy bills 'price worth paying' to stand up to Putin, says Liz Truss

Prime Minister Liz Truss claimed higher costs were worth the pain so the UK did not rely on regimes such as Russia, which has been accused of 'blackmailing' Europe over gas supplies

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