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The Latest Breaking News from Liz Truss

What's happening with the British pound and what does it mean for Australia's economy?

With the UK government fighting off fears of a recession, the British pound tumbled against the US dollar this week. Here's why stock markets are concerned and what it means for Australia.

ABC News

What do you think of Liz Truss's planned tax cuts?

Labour leader Keir Starmer has slammed the proposed cuts

Liverpool Echo

Cristiano Ronaldo and Premier League stars set for extra earnings boost after tax cuts

Ronaldo is the highest-paid footballer in the Premier League and the Manchester United superstar will be happy with the decisions taken by Liz Truss and Kwasi Kwarteng last week

Daily Mirror

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New UK trade minister visits United States in first trip overseas

Britain's new trade minister Kemi Badenoch will visit New York on Wednesday in her first overseas trip, where she will stress the importance of the United States as a trading partner even as talks over a free trade deal between the countries are blocked.

Reuters

Labour in buoyant mood as conference draws to a close

Deputy Labour leader Angela Rayner will deliver the closing speech at the gathering in Liverpool.

The Independent UK

Mohammed bin Salman named prime minister ahead of Khashoggi lawsuit

New role likely to grant prince sovereign immunity in case concerning journalist murdered in Saudi Arabian embassy

The Guardian - UK

International Monetary Fund makes extraordinary intervention as it urges Chancellor to change course

Kwasi Kwarteng has been urged to 're-evaluate the tax measures' outlined in last week's mini-budget

Wales Online

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'The choice is clear for Britain - Keir Starmer is ready to be Prime Minister'

Sir Keir Starmer's barnstorming speech at the Labour Party conference pressed all the significant buttons, he's right that we should never forget or forgive the Tories' failings

Daily Mirror

Morning Mail: help for Optus data breach victims, pesticide regulation maze, path to republic debate

Wednesday: State governments are helping make it easier to get a new driver’s licence for those at risk of digital identity theft after Optus’s big breach. Plus: health warnings over ‘canola selfies’

The Guardian - AU

Michael Pascoe: RIP trickle-down economics – even the financial markets have given up

Trickle-down economics: The cry of “you can’t tax your way to prosperity” is joined by “you can’t tax cut your way to prosperity either”.

The New Daily

Keir Starmer vows to give power to British people if Labour wins election and he's PM

In a barn-storming party conference speech in Liverpool, opposition leader Keir Starmer declared he is ready to boot the Tories out of No10 and give the county its 'future back'

Daily Mirror

State-backed energy and a ‘sense of hope’: Starmer sets out stall as No 10 contender

Opposition leader says Tories have ‘lost control’ and Labour is now the party of ‘sound money’

The Guardian - UK

Liz Truss bad for Britain on world stage, majority of voters say OLD REDIRECTED

More than half of Britons say prime minister isn’t up to job of representing UK abroad

The Independent UK

The Guardian view on moving the British embassy to Jerusalem: don’t do it

Editorial: Liz Truss has promised a review, but relocating it would be shameful and stupid. That might not put off the prime minister – but it should

The Guardian - UK

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The Guardian - UK

Homeowners warned of ‘significant’ rise in UK interest rates

Bank of England’s chief economist speaks out after mini-budget, with financial markets expecting rates to reach up to 6%

The Independent UK

‘Don’t forget, don’t forgive’: Starmer urges voters to punish Truss for financial mayhem

Labour leader announces plan for publicly-owned power company to deliver ‘fairer, greener future’

Daily Mirror

Keir Starmer says he'll stick with a points-based immigration system as Prime Minister

Labour's leader promised to "control immigration using a points-based system" in his party conference speech - continuing a system set up by the Tories after Brexit

The Guardian - UK

Keir Starmer has found his winning position – as the antidote to Liz Truss

The Labour leader looks like he’s on a path to victory, says Guardian columnist Rafael Behr

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The National (Scotland)

Douglas Ross demands 'appalling' tax cuts that'd save Tory MSPs thousands on bills

DOUGLAS Ross is facing questions over his demands for Holyrood to replicate Liz Truss's “appalling” tax cuts after estimates revealed it would…

Nottingham Post

Nottinghamshire Doncaster Sheffield Airport worker 'devastated' by closure after achieving dream job

It is thought 2,700 airport related jobs are in jeopardy

The Conversation

Keir Starmer’s conference speech offered a clearer ideological position – even more ambition will now be needed

One thing was very clear from Keir Starmer’s conference speech in Liverpool: Conservative prime minister Liz Truss’s policy choices are helping the Labour leader define a clearer ideological position. A key dividing line, reiterated by Starmer throughout this speech, was the distributional impact of the abolition of the additional rate…

The Guardian - UK

Keir Starmer’s conference speech: five key messages

Starmer attacked the new Truss government, set out green policies and was unafraid to address Brexit, previously a no-go area

The Independent UK

David Lammy unveils new ‘green dimension’ to Labour’s foreign policy

His speech at the Labour conference in Liverpool echoed the pledge of former foreign Secretary Robin Cook .

Al Jazeera

‘A Labour moment’: UK opposition leader sets out pitch for power

Keir Starmer says his opposition party is once again ‘the party of the centre ground’ and ready for power.

Evening Standard

Bank of England warns of ‘significant’ rate rises amid sterling turmoil

The Chancellor sought to reassure investors as the Bank of England’s chief economist said they could not ignore the fall in sterling

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