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The Latest Breaking News from Kwasi Kwarteng

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

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

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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

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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

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

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

TUC says rules breach fundamental rights and rules on consultation

The Independent UK

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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…

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news in one place.

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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

The Independent 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.

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

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

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