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The Latest Breaking News from Kwasi Kwarteng

Government is watching unprecedented profits, energy companies told

Talks are to be held between the Chancellor, Business Secretary and energy bosses

Evening Standard

UK ministers to meet energy bosses amid talk of toughening up windfall tax

Government admits any policy decisions unlikely to be made before new prime minister announced

The Guardian - UK

Distraught Martin Lewis warns Tory 'bull' on cost of living 'national crisis' risks lives

Money Saving Expert Martin Lewis warned the cost of living is a 'national crisis' like Covid and Rishi Sunak and Liz Truss's plans could 'leave millions destitute and in danger this winter'

Daily Mirror

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Chancellor set for crisis talks with energy companies as bills soar

ENERGY sector bosses are set to take part in crisis talks with Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng.

The National (Scotland)

Pensana appoints project delivery team leads as $10m equity investment confirmed

Next steps after milestone ground-breaking made

Birmingham Post

Orsted to welcome new installation vessel for Hornsea Three as auction deal signed with Business Secretary

Danish collaboration agreed as Orsted turns to Cadeler again with XL scale-up for larger foundations

Birmingham Post

Sizewell C nuclear plant approval faces legal challenge

Together Against Sizewell C argue permission given by government for power station was granted unlawfully

The Guardian - UK

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Labour attacks ‘zombie government’ as Boris Johnson returns from holiday

PM criticised for nearly week-long break in Slovenia after 15 Whitehall consultations left unanswered

The Guardian - UK

Liz Truss rejects ‘handouts’ as way to tackle cost of living crisis

Conservative leadership frontrunner insists on tax cuts despite claims they will fuel inflation

The Guardian - UK

Outrage as Tory minister tells Scots to wait weeks for cost-of-living help

Business Secretary Kwasi Kwarteng said he expects an emergency budget from the next prime minister to contain measures to help people.

Daily Record

Kwasi Kwarteng: the low-tax Tory frontrunner for next chancellor

Truss loyalist is a free marketeer who may clash with public opinion about intervening over cost of living crisis

The Guardian - UK

Conservative leadership race: ‘Next PM must find billions to help out struggling households’

Carrying on with the current economic policy is ‘not going to cut it’, IFS chief says

Evening Standard

Wait for new PM for more cost-of-living help, says UK Business Secretary

HOUSEHOLDS struggling under the cost-of-living crisis must wait several weeks before the UK Government reveals further support to combat soaring…

The National (Scotland)

Tax remains key divide as leadership campaigns respond to economic outlook

Liz Truss’s campaign has argued for implementing tax cuts quickly, while the Sunak campaign has warned against too much borrowing.

The Independent UK

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The Guardian - UK

Sunak defends taking money from deprived urban areas as he faces latest hustings with Liz Truss – as it happened

Candidates face Tory members in Eastbourne; former chancellor, who was filmed saying he tried to divert funds from ‘deprived urban areas’, says it was sensible

Reuters

BoE's Bailey rebuffs talk of less central bank independence in UK

Bank of England Governor Andrew Bailey pushed back at suggestions by the front-runner to become Britain's next prime minister Liz Truss and her supporters that the government should have a bigger role in how the central bank operates.

Daily Mirror

Kwasi Kwarteng says 'AWOL' PM 'on top of' economic crisis and argues 'I’m here, in a suit'

Business Secretary Kwasi Kwarteng claimed holidaying Boris Johnson and Chancellor Nadhim Zahawi were 'completely on top of what's happening' after Bank of England issued dire warnings

The Guardian - UK

No emergency cost of living help for at least a month, says minister

Business secretary Kwasi Kwarteng says support will not be introduced until ministers return to work

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The Independent UK

Energy bill support scheme: How to claim £400 discount as government reveals instalment plan

The business and energy secretary announced details amid criticism that the government isn’t doing enough to help struggling households

The Independent UK

£400 in energy bill discounts offered to households in instalments

The support will be issued in six instalments over six months to some 29 million households.

The National (Scotland)

UK blasted over 'incomprehensible' lack of clarity on major carbon capture funding

THE UK Government has been blasted for an "incomprehensible" lack of clarity over the timeline of a major carbon capture project.

Birmingham Post

Government funding confirmed for Britishvolt Northumberland plant

Funding thought to be around £100m was first announced in January and has now been confirmed

Daily Mirror

Rishi Sunak warned plan to cut VAT on energy bills could move UK in 'wrong direction'

Last night the former Chancellor announced plans to scrap the 5% charge from October if the energy price cap tops £3,000 - prompting critics to accuse him of flip-flopping

Evening Standard

I’ll make streets safe for women, vows Liz Truss

Exclusive: Foreign Secretary sets out her vision on crime as new war of words rages over tax cuts

The Guardian - UK

Rishi Sunak’s plan to cut VAT on energy bills a screeching U-turn, says Kwarteng

Business secretary, a supporter of Liz Truss, says former chancellor has ‘come late to the party’ on tax cuts

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