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The Latest Breaking News from Kwasi Kwarteng

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

The Guardian - UK

Britain's Truss faces whirlwind week as politics resumes after queen funeral

British politics returns to centre stage on Tuesday after the funeral of Queen Elizabeth, with Prime Minister Liz Truss signalling her priorities by flying to her first major summit and rushing out measures to try to avert an economic slump.

Reuters

Liz Truss warned corporation tax cuts have not fuelled investment

‘Race to the bottom’ on tax on company profits has failed to boost economic growth, says IPPR

The Guardian - UK

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What's happening in politics this week as MPs and MSPs return?

With one week of parliamentary time until the recess for party political conferences, MPs have been asked to sit for an extra day on Friday

The National (Scotland)

Sterling languishing against dollar as interest rate hike speculation builds

STERLING is continuing to languish against the dollar ahead of the new Chancellor’s first fiscal statement expected later this week.

The National (Scotland)

Lowest paid workers to gain just 63p a MONTH under Liz Truss's National Insurance cut

The Institute for Fiscal Studies (IFS) thinktank warned that scrapping the 1.25 per cent NI rise would benefit wealthier households and do little to help the poorest workers

Daily Mirror

This week we will see Truss unchained. Labour must be rubbing its hands with glee

With official mourning over, the new prime minister will start to lay out her wilfully unpopular policies, says Guardian columnist Polly Toynbee

The Guardian - UK

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‘Who pays?’: Labour go on the attack over Truss’s energy plans

Opposition says PM has not detailed how she will fund her price freeze after ruling out windfall tax

The Guardian - UK

Mini Budget: Kwarteng to announce £30billion in tax cuts this week to help cost of living

Plans said to be considered by the new Chancellor include bringing forward a 1p cut to income tax, as well as reversing the National Insurance hike and scrapping an increase to corporation tax

Daily Mirror

Jacob Rees-Mogg arrives Queen's funeral dressed in top hat

Rees-Mogg joins other politicians such as Keir Starmer, Nicola Sturgeon, Kwasi Kwarteng and more

Bristol Post

Packed week ahead for Liz Truss as premiership set to swing into action

The new Prime Minister will fly to New York for the UN General Assembly before the Government sets out its long-anticipated mini-budget on Friday.

The Independent UK

Kwasi Kwarteng to announce network of low-tax investment zones

Regulations will be relaxed in up to 12 places, with taxes cut to incentivise investment

The Guardian - UK

What are the rules on bankers’ bonuses as chancellor wants to scrap cap?

Current limit means bankers can’t get a bonus of more than 200 per cent of their salary

The Independent UK

Forget ‘levelling up’ – Liz Truss isn’t even pretending to care about inequality

Under Boris Johnson, the agenda failed because of incoherence and incompetence. For our new PM, the problem’s ideological, says Guardian columnist John Harris

The Guardian - UK

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Manchester Evening News

Millions of couples expected to receive much-needed £2,500 windfall in emergency budget

Liz Truss is reportedly planning a transfer of personal tax allowances

The Guardian - UK

Kwarteng accused of bid to avoid scrutiny of £30bn tax cut package

Chancellor thought to be delaying full budget until next year, preventing spending watchdog from assessing his plans

The Guardian - UK

After the mourning, Truss and Kwarteng could find themselves on a sticky wicket

Britain’s problems are not high taxation or overregulation but poor growth caused by low investment

Daily Mirror

What happens now Queen's funeral is over - day-by-day guide to huge week in politics

Liz Truss has jetted off on her first overseas visit as PM, businesses' energy bills help is announced - and Chancellor Kwasi Kwarteng delivers a mini-Budget with multi-billion pound tax cuts

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Nottingham Post

2 million couples could be set for £2,500 windfall in Friday's emergency budget

The chancellor is studying the figures to see if it can be done

The Independent UK

Liz Truss to cut taxes in certain parts of the country picked by the government

‘Investment zones’ will see the government choose some areas for tax cuts

The Guardian - UK

Tory MPs fear Liz Truss’s policies will create a ‘complete open goal’ for Labour

Bankers’ bonuses, the NHS and tax cuts that favour the rich are all causing jitters on the benches behind the new prime minister

The Guardian - UK

Kwarteng follows dirty work at Treasury with bonus cap farce

After sacking the his top official, the new chancellor’s next act was politically crass and insensitive. It does not bode well

The National (Scotland)

MPs accepted 'shameful' trips and gifts from states fighting in Yemen war

MPS have accepted £828,211 in the form of all-expenses-paid trips funded by states in a Saudi-led coalition fighting in Yemen’s war since 2015,…

The National (Scotland)

Return to Thatcher’s economic policies likely to fail this time, says academic

THE UK Government’s long-awaited “mini-budget” will be delivered this week, with experts warning attempts by Liz Truss to repeat the…

The Guardian - UK

Biggest interest rate rise for 25 years could spell showdown at the Bank

This week’s decision could pit governor Andrew Bailey against an expansionary PM and chancellor

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