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The Latest Breaking News from Kwasi Kwarteng

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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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

Manchester Evening News

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

Daily Mirror

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 Guardian - 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

The Independent UK

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

TUC says rules breach fundamental rights and rules on consultation

The Independent UK

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

Evening Standard

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 Guardian - 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 Independent UK

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 National (Scotland)

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

The Guardian - UK

Prime Minister Liz Truss admits not all her policies will be ‘popular’

Chancellor Kwasi Kwarteng is set to announce his mini-budget on Friday.

The Independent UK

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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

Daily Record

When is the mini budget 2022 and what to expect as Liz Truss sets out cost of living plans

New chancellor Kwasi Kwarteng will make his first big statement in the House of Commons later this week.

Evening Standard

Liz Truss’s high-stakes gamble will make or break her entire career

After pomp and pride at a stunning national spectacle comes that day-after feeling. One side effect of a week of national remembrance for the Queen is that the start of Liz Truss’s era at the summit of politics has been delayed.

Daily Mirror

Unions launch legal challenge against government's 'strike breaking' agency worker law

The Trade Union Congress is taking action on behalf of 11 unions representing millions of workers, including train drivers, civil servants, and shop workers

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Insider UK

Truss could slash personal taxes in new ‘investment zones’

She has also conceded that negotiations for a trade deal with the US will not restart for years, ahead of a trip to meet the President

The Conversation

Bankers bonus cap: why scrapping it could hurt the UK economy

At a time of rising prices and an ever increasing cost of living, there are at last signs of a financial boost for an industry toiling away at the economic coal face. British bankers, it seems, could be about to receive a hefty pay rise, with the new UK chancellor…

The National (Scotland)

Business to resume in Holyrood with further tributes to the Queen

SCOTTISH Parliament business is set to resume with further tributes to the Queen following the late monarch’s state funeral.

Wales Online

What will be announced in Friday's mini-Budget, including a change from November

There are expected to be changes in how much tax and National Insurance we pay, as well as more changes for energy bills

The Guardian - UK

Tuesday briefing: Five big stories as Britain returns to normal

In today’s newsletter: From an emergency budget to a test for the new King and the war in Ukraine, a look at what’s next

The Guardian - UK

Energy-saving measures could boost UK economy by £7bn a year, study says

Exclusive: Green home upgrades could also create 140,000 new jobs by 2030, analysis by Cambridge Econometric finds

The Guardian - UK

Energy bills may rise if government gives Drax more support, say MPs

Britain’s single biggest source of carbon emissions could negotiate over Liz Truss’s £150bn bills freeze

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