The Latest Breaking News from Liz Truss

After tax U-turn, economists urge chancellor to backtrack on other controversial plans in mini-budget

Former Good Morning host Piers Morgan has said that he's excited to make an explosive return to BBC's Question Time following Liz Truss and Kwasi Kwarteng's tax cuts U-turn

Chancellor Kwasi Kwarteng has defended his rapid tax cut U-turn on the first main day of the Conservative Conference, saying he was influenced to scrap the policy after listening to MPs and people up and down the country.

From a strictly fiscal perspective, the government’s decision to U-turn on the cut to the 45p top rate of income tax is essentially meaningless. What was a £45 billion tax-cutting budget that sunk the pound, set off gilts and required an emergency intervention by the Bank of England is now…

It was a mini-budget with a major impact. Shortly after the UK chancellor announced his plans for a “new era” full of tax cuts, there were dramatic falls in the pound, a nervous response from mortgage lenders and an urgent intervention from the Bank of England.

Michael Heseltine says Brexit will be ’high on the agenda’ if Liz Truss loses general election

Former Tory ‘big beast’ says PM needs to ‘appoint ministers who know what the heck they’re doing’

Appearing in a TV interview, the Prime Minister was asked if Buddies would be proud to be “associated with her policies".

Some Tory MPs say they have already submitted letters of no confidence in new PM