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The Latest Breaking News from Liz Truss

Truss dumps UK corporation tax freeze plan after firing ally

Liz Truss scrapped her plan to freeze corporation tax next year in another dramatic U-turn, hours after she fired her ally Kwasi Kwarteng and replaced him with Jeremy Hunt as UK Chancellor of the Exchequer.

Tribune News Service

Nicola Sturgeon: It’s time for Liz Truss to go as Prime Minister

Ms Truss sacked chancellor Kwasi Kwarteng and reversed plans for a cut to corporation tax on Friday.

The Independent UK

Mark Drakeford just outlined his views on Welsh independence and the Union

'I have never stated that Wales could not be independent if the people in Wales wanted it'

Wales Online

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From leadership flop to chancellor: the surprising return of Jeremy Hunt

Analysis: Ex-foreign secretary once seen as yesterday’s man is now in best position to influence prime minister

The Guardian - UK

Truss sacrifices Kwarteng to save her premiership as she ditches tax pledge

The Prime Minister has appointed Jeremy Hunt as the new Chancellor of the Exchequer.

The Independent UK

The Leader podcast: Can Hunt rebuild UK economy after Kwarteng?

Tax-cutting Kwasi Kwarteng sacked as Chancellor after 38 days

Evening Standard

Three weeks of chaos that cost more than Kwarteng’s job – in numbers

On 30 September, the then chancellor’s mini-budget triggered a chain of events that led to a dramatic downfall

The Guardian - UK

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Jeremy Hunt brought in from the cold to be UK's new finance minister

Jeremy Hunt was named Britain's new finance minister on Friday, the latest senior ministerial role for the self-proclaimed entrepreneur regarded by many in his Conservative Party as a safe pair of hands but whose days in top jobs had seemed over.

Reuters

Arlene Foster and Peter Weir nominated for House of Lords peerages

Prime Minister Liz Truss recommended the list to King Charles III, on advice from her predecessor Boris Johnson.

Belfast Live

Cumbria is ahead of the river curve

Brief letters: Liberating rivers | Liz Truss’s honours list | The prime minister test | Teacher’s knickers in a twist | The meaning of ribollita

The Guardian - UK

Jeremy Hunt's 'secret weapon' wife shares unusual pet name for new Chancellor

Jeremy Hunt, the new chancellor for Liz Truss, was given a pet name by his Chinese-born wife, Lucia, who said the moniker came from her grandmother when they went to China for their wedding

Daily Mirror

Four bruising questions but even fewer answers from Liz Truss

She picked favoured reporters and offered repetitious platitudes to pointed inquiries. How long can the PM last?

The Guardian - UK

Rylan hits back after fans confused by Tweet about people 'making mistakes' in their job

Rylan Clark had to clarify himself after a Tweet about 'people making mistakes in their jobs' left fans confused

Daily Mirror

Government’s growth agenda is in tatters, says ex-chancellor Lord Hammond

But the Tory peer said Liz Truss can survive as PM because the party’s MPs wont want to risk a general election.

The Independent UK

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The Independent UK

Why the energy price cap isn’t what it seems

Liz Truss initially moved to rein in runaway household bills caused by rising global gas prices, only for new chancellor Jeremy Hunt to cut short government aid

Evening Standard

Rare family appearance and a TikTok glow-up — Jeremy Hunt’s first Budget

The Chancellor has already lasted longer in the job than his predecessor Kwasi Kwarteng – so does his first Budget fit the serious, “steady” reputation he’s become known for? Katie Strick reports

Wales Online

Mark Drakeford accuses Liz Truss of being the 'architect of her own misfortunes' and calls for stability

First Minister Mark Drakeford was reacting to the Prime Minister's latest U-turn and sacking of her chancellor

Wales Online

Welsh Conservatives leader suggests a general election should be called if Liz Truss can't 'regain confidence'

He was speaking before news broke that the Chancellor had been sacked

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The Independent UK

What weapons has the UK sent to Ukraine?

Liz Truss has vowed to match value of British donations in 2022 again next year

Evening Standard

Kwasi Kwarteng out, Jeremy Hunt in, Liz Truss clings grimly on

A press conference that could have been an email. Dressed in funereal black, Liz Truss stood at the podium for roughly 494 seconds, each more excruciating than the last. She made a brief statement before taking all of four questions. What did we learn?

The Independent UK

Truss defends her low tax agenda as she makes major U-turn and sacks Chancellor

Admitting she had to change course, she reversed a key policy to scrap the planned rise in corporation tax from 19% to 25%.

The Independent UK

Liz Truss’s history of U-turns after series of reversals as prime minister - OLD

PM is no stranger to about-turns and, less than two months into her premiership, they just keep coming

Evening Standard

Pound falls after Liz Truss walks out of press conference after just 8 mins 21 secs

Markets, which had been performing well most of the day, appeared far from persuaded by the PM’s speech

Manchester Evening News

Liz Truss says she will NOT resign as Prime Minister as she announces U-turn following sacking of Kwasi Kwarteng

The Prime Minister announced a major new u-turn today after replacing her former Chancellor

The Independent UK

Mortgage lenders ‘should feel confidence to put more products on the market’

Some of the downward pressure on house prices and transactions will be tempered following the Government’s U-turn, a housing market expert suggests.

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