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The Latest Breaking News from Liz Truss

'What a day': Chancellor admits 'tough' time after humiliating U-turn in defiant speech

KWASI Kwarteng began his speech to the Conservative Party conference by acknowledging it had been a "tough" day as he battled to restore…

The National (Scotland)

Liz Truss' failed bid to become a 21st-Century Margaret Thatcher

In 1981 Thatcher took the drastic but successful step of increasing taxes by 2% of GDP to tackle interest rates and inflation. But Truss has just done a reverse-Thatcher, says Oliver Hartwich

Newsroom.co.nz

More concessions needed to fix UK’s reputation in markets, Kwarteng is told

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

The Guardian - UK

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Piers Morgan set for explosive Question Time return after Tory U-turn on tax cuts

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

Daily Mirror

Liz Truss’ history of U-turns after first major reversals as Prime Minister

The Prime Minister has history of U-turns, both large and small

The Independent UK

Ministers given £930m to spend on advertising space to tout policies

Budget almost doubles amid reports that Liz Truss wants to promote her £150bn energy-bill freeze

The Guardian - UK

Indyref2 'shouldn't happen even if Supreme Court deems it legal', Liz Truss says

THERE should not be a second independence referendum even if the Supreme Court deems it legal, Liz Truss has said.

The National (Scotland)

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Liz Truss putting environment ‘at risk’ with deregulation plans, says Stanley Johnson

Exclusive: Former PM’s father fears ‘mad dash’ for growth jeopardises vital protections

The Independent UK

The Leader podcast: Can Liz Truss recover from humiliating tax 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.

Evening Standard

Kwasi Kwarteng forced into major U-turn on 45p tax cut

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…

Evening Standard

Mini-budget: lessons from the UK's long history of economic crises

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.

The Conversation

Younger voters will never back ‘anti-EU and populist’ Tories, ex-cabinet ministers warn

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

The Independent UK

Truss picked ‘cronies off backbenches’ for cabinet, says Heseltine

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

The Guardian - UK

Liz Truss hopes Paisley is "proud" of her amid 45p tax rate cut U-turn crisis

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

Daily Record

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The Independent UK

Shortest serving UK prime ministers in history as Liz Truss ‘could be gone by Christmas’

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

The National (Scotland)

Watch activists vandalise Scottish Tory HQ and smash office windows

SCOTTISH Tory headquarters were targeted last night by campaigners who wrote the words “blood on your hands” on the door of the office in red…

The Independent UK

Levelling up agenda will not stop under Liz Truss, Michael Gove suggests

The former levelling up secretary said the UK could not afford ‘not to level up’.

Daily Record

Douglas Ross branded 'flip flop' after Scottish Conservatives leader backs U-turn on tax cuts

Douglas Ross was left humiliated after Kwasi Kwarteng reversed a controversial plan to abolish the 45p tax rate for the richest.

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Daily Mirror

'Liz Truss hasn't just torched her reputation - she's sabotaged her own project'

'It has taken less than 30 days for the Prime Minister to achieve the triple dishonour of being incompetent, uncaring and weak,' writes the Mirror's Jason Beattie

The Independent UK

Let Johnson take over to foil leadership ‘conspiracy’, Tory donor tells Truss

Lord Cruddas has suggested a Conservative backbencher ‘cabal’ is working to install Rishi Sunak in No 10.

The Independent UK

Jacob Rees-Mogg ‘delighted’ to have fracking in his own back garden

Business secretary says he would welcome cash royalties for allowing drilling on his land

Tribune News Service

Truss drops tax cut for top UK earners to fend off rebellion

Prime Minister Liz Truss dropped a plan to cut taxes for the U.K.’s highest earners just 10 days after announcing it, a humiliating reversal designed to fend off a mounting rebellion within her own Conservative Party.

Evening Standard

Nadine Dorries suggests Liz Truss should call election as she doesn’t have mandate

The former culture secretary said there is “widespread dismay” that the sale of Channel 4 has been paused under the new Prime Minister

The Independent UK

UK at ‘significant risk’ of gas supply emergency, Ofgem warns

There is a possibility UK could enter a ‘gas supply emergency’ due to the war in Ukraine, the regulator warned

The Guardian - UK

Humiliated Liz Truss is in office but barely in power. Rebel MPs have the whip hand now

The PM and chancellor have some breathing space, but the rest of their plan will trigger more revolts, says Guardian columnist Gaby Hinsliff

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