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The Latest Breaking News from Liz Truss

A global recession looks increasingly likely – but here's how Australia could escape it

Global stock markets are tanking on fears of recessions in the US, the UK and Europe, and the OECD is actually forecasting recessions in Europe.

The Conversation

SNP stands in the way of social justice for Scotland, claims Keir Starmer

The Labour leader will use part of his party conference speech in Liverpool to attack the SNP as being unable to deliver the change people need.

Daily Record

Liz Truss and Kwasi Kwarteng successfully drive the value of the pound off a cliff

Record View says Nicola Sturgeon was right when she angrily denounced the Tory tax cuts for the richest yesterday.

Daily Record

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SNP 'letting island communities suffer' as CalMac cancellations hit 7,000 in six months

More CalMac ferry services were cancelled in the first six months of this year than in the whole of 2018.

Daily Record

Keir Starmer claims Labour is party of 'sound money' as Tories send the pound plummeting

Starmer will use his conference speech today to drive home the message that the Tories cannot be trusted to run the economy.

Daily Record

‘Out of control’: what the papers said about government handling of UK’s sterling crisis

Front pages channel fears about Truss government’s economic strategy after pound sinks to all-time low against the dollar

The Guardian - AU

Liverpool news: Klopp blamed for Mane's departure as Neville makes witty jibe

Liverpool are adapting to life without Sadio Mane after his summer exit as Jurgen Klopp is blamed for his departure whilst new boy Arthur is tipped to find his best form

Daily Mirror

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Labour surges to largest poll lead over Tories in more than two decades

The 17-point lead represents a level of support Labour had not had since 2001

The Independent UK

Starmer to quote Blair in calling Labour ‘political wing of the British people’

Sir Keir will outline an ambition to ‘turn the UK into a growth superpower’.

The Independent UK

Starmer to accuse Truss of ‘losing control’ of economy as he offers ‘fresh start’ for country

Labour leader borrows slogan from Tony Blair as he describes party as ‘political wing of British people’

The Independent UK

Anas Sarwar promises Labour general election win will be built in Scotland

The Scottish Labour leader knows he has to make sizeable gains if Keir Starmer is to become Prime Minister

Daily Record

Truss urged to attend meeting of Macron’s European club to boost UK-EU trust

Prime Minister Liz Truss attending the European Political Community meeting would be a ‘very good signal’, the EU’s ambassador to the UK said.

The Independent UK

Who gets the £400 rebate and winter fuel payment?

Households will start receiving money off their energy bills from October

The Independent UK

All the cost of living help available and how to get the payment

Poorer households are expected to be hardest-hit, while eldery people have reported having to choose between heating or eating

The Independent UK

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The Guardian - UK

‘We are angry’: green groups condemn Truss plans to scrap regulations

Nature protection rules in proposed investment zones would in effect be suspended

Wales Online

Letters of no confidence in Liz Truss 'already being put in' by Tory MPs

It comes as the pound has hit an all-time low against the US dollar

The Independent UK

Kwasi Kwarteng declines to comment as pound hits all-time low against US dollar

The Bank of England is expected to give a statement on the sterling’s slump

Evening Standard

Bank of England will change interest rates ‘as much as needed’ to control inflation, says Andrew Bailey

The Bank of England is watching developments in financial markets ‘very closely’, says Governor Andrew Bailey

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Reuters

Targetting government, UK's Labour pledges sound finances and strong public services

Britain's opposition Labour Party set out its economic vision on Monday, promising, if in power, to be fiscally responsible and take care of public services, in a swipe at the Conservative government's tax cuts for the wealthy.

The National (Scotland)

SNP say no confidence letters are 'damning indictment' of Truss's 'disastrous' start

REPORTS of letters of no confidence in Liz Truss being sent to the 1922 Committee are a “damning indictment” of her first few weeks as Prime…

Daily Mirror

Some Tory MPs submit no-confidence letters in Liz Truss after Pound crashes, sources claim

One MP told the Mirror 'some of my colleagues need to take up yoga' after the pound slumped against the dollar - as a source suggested there's a year before the 1922 Committee would act

The Independent UK

Tumbling pound will intensify cost of living crisis, government warned

Fall in pound will ‘worsen inflation and lengthen the cost of living crisis’, says think tank

The Independent UK

Reeves: I’ll reverse abolition of 45% income tax rate to fund NHS staffing surge

The shadow chancellor said a Labour administration would also implement the “biggest expansion of medical school places in British history”.

Daily Record

Rachel Reeves promises 'genuine living wage' on day one of a Labour government

The shadow chancellor said investment in public services, investing in the green revolution and paying proper wages would grow the economy.

Evening Standard

Government to push on with tax cuts as pound hits all-time low against dollar

Neither Chancellor Kwasi Kwarteng nor Liz Truss are currently expected to publicly address the major market shift, following Friday’s mini-budget

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