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The Latest Breaking News from Kwasi Kwarteng

No 10 bid to shorten conference recess so MPs can return to Westminster

Parliament is currently suspended while political action is paused until an unspecified date after the Queen’s funeral on Monday

The National (Scotland)

New chief secretary to Treasury faces questions over financial interests

Chris Philp, who has responsibility for spending policy in relation to housing and planning, has stake in property finance company

The Guardian - UK

Kwarteng plan to boost growth ‘could take decade to achieve target’

Expected ‘sugar rush’ of tax cuts could knock growth off track by forcing up inflation and interest rates, economists warn

The Independent UK

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How is Liz Truss’s government challenging ‘Treasury orthodoxy’?

Sir Tom Scholar’s removal as Treasury’s top mandarin signals attempt to change department’s view of the world

The Guardian - UK

Mini-Budget held next week - but Parliament will only sit for a few days in three months

Despite a mini-Budget next week, the Commons could sit for just five 'normal' days between July 22 and October 17 - as skyrocketing inflation hits and key questions on energy bills lie unanswered

Daily Mirror

Focus on growth not fiscal discipline, Kwasi Kwarteng tells Treasury

Chancellor suggests change of emphasis is needed after he sacked top civil servant whom he credited for tight control of spending

The Guardian - UK

Kwarteng ‘tells Treasury to focus entirely on growth’ as Tory peer defends sacking of senior civil servant – as it happened

The new chancellor is reported to have told Treasury staff there was a need to ‘do things differently under fresh leadership’

The Guardian - UK

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New chancellor tells Treasury to aim for growth not seen since 2008 crash

Kwasi Kwarteng demands annual 2.5 per cent rise, after Liz Truss blamed Treasury ‘orthodoxy’ for UK’s feeble economic record

The Independent UK

'Fiscal event' emergency statement could happen next week as Liz Truss and Kwasi Kwarteng address cost of living crisis

Birmingham Post

Sacking Tom Scholar risks politicising civil service, says Lord Butler

Former cabinet secretary says move by Liz Truss on her first day in office was ‘very unusual and very regrettable’

The Guardian - UK

Putin is waging an economic war with Europe. Britain’s absurd energy plan plays into his hands

The Tories’ ideology of daffy libertarianism seeks to triumph over evidence and reason

The Guardian - UK

Fears of parliamentary ‘paralysis’ as Queen’s funeral leaves parties in limbo

Mourning has halted debate just when the opposition wanted to put pressure on new PM – but Labour conference will go ahead

The Guardian - UK

The Commons was filled with fury – then came news about the Queen

In her first days as premier, Liz Truss was announcing plans for unprecedented spending when politics came to a halt

The Guardian - UK

Mourning period throws Liz Truss plans to ‘hit ground running’ into disarray

Government business suspended for 10-day period, and major events at risk

The Independent UK

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Daily Mirror

All your energy bill questions answered as Liz Truss confirms new £2,500 freeze

Liz Truss yesterday pledged households will “now pay up to an average £2,500 a year on their energy bill for the next two years” as part of new cost of living help - but what does this mean for your bills?

The Independent UK

Senior Treasury official Sir Tom Scholar leaves post after six years

The experienced mandarin says the new Chancellor believes it is time for change at the helm of the department.

The Guardian - UK

Tom Scholar, permanent secretary to the Treasury, sacked by Liz Truss

Government likely to seek replacement amenable to its plans of economic growth through tax cuts

The Independent UK

Truss and Kwarteng’s old departments reprimanded for failing to comply with transparency laws

Department for International Trade given its first enforcement notice in seven years

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Manchester Evening News

“I believe many businesses will still be forced to close” - Sacha Lord wants clarity for hospitality industry as energy support announced

The night-time economy advisor believes new measures will not be enough to avoid closures and redundancies

The Guardian - UK

Ripple of rumour around the Commons as concern grows for the Queen

Nadhim Zahawi slips into chamber during energy debate to deliver message to Liz Truss and then opposition

Wales Online

Martin Lewis explains what Liz Truss' plans to tackle energy bills mean for you

The government announced a massive £150bn price support package on Thursday

WEKU

The U.K. now has its most diverse Cabinet in history thanks to new PM Liz Truss

For the first time in British history, none of the four most senior Cabinet posts — prime minister, chancellor of the exchequer, foreign secretary and home secretary — are taken up by a white male.

The Guardian - UK

The rise of Kwarteng, Badenoch and Cleverly must change the face of Labour

For too long, the progressive party has done too little to show its black members they can reach the top. There can be no more excuses, says former journalist and publisher Michael Eboda

The Guardian - UK

ECB hikes interest rates by record 75bp and slashes growth forecasts – as it happened

Christine Lagarde warns that eurozone economic growth is weakening, but EBC plumps for record increase in borrowing costs to curb inflation

Daily Mirror

Fury as Liz Truss to allow fracking today despite her own Chancellor saying it won't work

New Prime Minister Liz Truss is set to lift the ban on fracking as part of her energy bills plan - despite Kwasi Kwarteng saying in March that it wouldn't solve the crisis

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