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The Latest Breaking News from Liz Truss

Biden: Truss plan a 'mistake' amid 'worldwide inflation'

President Joe Biden is calling embattled British Prime Minister Liz Truss’ abandoned tax cut plan a “mistake,” saying he is worried that other nations’ fiscal policies may hurt the U_S_ amid what he calls “worldwide inflation.”

The Independent UK

Biden knocks Truss economic plan, says not concerned about dollar strength

U.S. President Joe Biden on Saturday criticized British Prime Minister Liz Truss's original economic plan as a mistake and said he was not concerned about the strength of the soaring U.S. dollar.

Reuters

Liz Truss clinging to power as new Chancellor prepares to shred economic plan

Mr Hunt and Ms Truss will meet in her Chequers residence on Sunday as tax rises and spending cuts loom on the horizon.

The Independent UK

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Government presses on with legislation to ‘keep Britain moving’ during strikes

It comes following months of walkouts by railway workers which have caused travel chaos.

The Independent UK

Labour attacks Tories in new posters as party gears up for election

In two posters, Labour attacks the Government for damaging the UK’s standing on the world stage and hiking mortgages.

The Independent UK

"We have to be honest": New Chancellor Jeremy Hunt's warning as he promises to get economy back on track

He has warned of 'difficult' economic decisions to come

Manchester Evening News

Bear Markets Are Never Easy….Not Even for Bears

Bear markets are never easy. Not even for bears. Today's action is a reminder of that, and why the POWR Stocks Under $10's charter is to remain at least 50% invested. In a way, it reminds me of what happened in February, when markets were sinking lower on the prospects…

StockNews.com

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Mushrooms make their presence felt

The most exciting news of the week is that mushrooms were found growing on a seat of an active Bangkok bus. In addition to carrying passengers on the No 82 route from Phra Pradaeng to Phahurat, the bus featured a battered seat covered in newly sprouted mushrooms. Alas, the seat…

Bangkok Post

Liz Truss's premiership 'hanging by a thread' as Tory MPs plot to get rid of PM

On Friday she fired her friend, Chancellor Kwasi Kwarteng, for delivering the mini-budget she ordered and did another U-turn on taxes, but that did not halt economic turmoil

Daily Mirror

Jeremy Hunt warns of ‘difficult decisions’ ahead amid reports of delay to basic rate tax cut

The Chancellor is reportedly considering delaying the 1p cut to the basic rate of income tax by a year

Evening Standard

One million workers may strike as union boss backs huge joint walkout for better pay

Poor pay during a cost-of-living crisis means workers must join forces to demand fair wages, says Unite General Secretary Sharon Graham. She is talking with other union bosses about joining forces

Daily Mirror

'British voters should have a chance to pick a new leader - Liz Truss is finished'

The political and economic crises facing us should give us the right to determine the future path this country takes. It is not for a small clique of Tories to keep foisting new governments on us

Daily Mirror

'Labour Party can build a brighter future for Britain - Tories have to go'

Labour Party leader Sir Keir Starmer says the Prime Minister's partial U-turn was necessary, but the damage has already been done. The Conservatives have to go. Britain needs a fresh start.

Daily Mirror

Tory MPs plotting to get rid of Liz Truss as PM and replace her with Ben Wallace

A group of MPs want Ben Wallace as the new PM, with Rishi Sunak back as Chancellor in a bid to calm the financial markets. They hope Liz Truss will step aside to avoid total carnage at the polls

Daily Mirror

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The Guardian - UK

Senior Tories hold talks to discuss ousting Liz Truss to ‘rescue’ party

As new chancellor Jeremy Hunt rips up prime minister’s economic plans, Conservatives plot route to replace her

The Independent UK

Tory donors turn on Liz Truss even as Jeremy Hunt rips up disastrous mini-Budget

‘Time is running out’ to remove the prime minister, says top Conservative donor. ‘The more we dig this hole the deeper it is going to be’

Daily Mirror

'Tories have damaged Britain - only solution is a change of hands with Labour in power'

Keir Mudie says Liz Truss signed this mini-budget off, of course, so he is not sure what firing the Chancellor actually achieved other than removing the final human shield protecting the woman herself

Tribune News Service

Truss’ desperate bid to save UK premiership lands her in more trouble

Boxed in by market turmoil and a mutinous Conservative Party, British Prime Minister Liz Truss was left with two cards to play: hitting reset on her economic plan, and firing her friend and finance minister, Kwasi Kwarteng.

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The Guardian - UK

‘A tragic figure’: in Liz Truss’s seat there is anger, frustration and little sympathy

The mood in the PM’s Norfolk constituency is sombre as the Tory leader is seen to have no credibility though some fear more turmoil

The Guardian - UK

If Jeremy Hunt is to be Truss’s saviour, he needs more than austerity 2.0

Tax-cut U-turns won’t be enough to balance the books, so the new chancellor will look at cutting public service budgets. But there is an alternative

Daily Mirror

'Liz Truss is running Britain with a glorious chaotic sense of uselessness'

Mark Steel says now that Kwasi Kwarteng has been sacked, every policy Liz Truss said was essential will be reversed - even her press conference explaining the sacking of the Chancellor was useless

Manchester Evening News

Universal Credit warning as DWP told families could lose up to £1,000 a year

The government is due to make an announcement on benefit upratings at the end of the month

The National (Scotland)

'Grow a backbone': Mhairi Black challenges Scottish Tories to back Liz Truss resignation calls

MHAIRI BLack has challenged the Scottish Conservatives to “grow a backbone” and join mounting calls for Liz Truss to resign.

The Independent UK

Bank of England warns next interest rate hike could be higher than expected

‘Stronger response’ needed to tackle inflation, says Andrew Bailey

The Guardian - UK

Keir Starmer criticises ‘grotesque chaos’ under Liz Truss government

Labour leader says UK is ‘crying out for clear leadership’ and his party ‘must provide it’

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