The Latest Breaking News from Liz Truss

Tax cuts to cost Treasury around £37bn in 2023-24, official figures reveal

The government is believed to introduce a variety of tax cuts later on this morning

John Harding revealed that Roman Abramovich had played a "key part" in their release

IFS says chancellor making no semblance of effort to balance books and Labour slates ‘plan to reward already wealthy’

A long-time ally of Liz Truss, Mr Kwarteng appeared to be a shoo-in to become Chancellor once it was clear she would trounce her rival Rishi Sunak in the Tory leadership race. However, it all went south just 38 days into the job

The Tories were once the party of business. Now all they know how to do is drag Britain back to the 1980s, says Guardian columnist Gaby Hinsliff

The Palestinians on Thursday said any move by Britain to move its embassy in Israel from Tel Aviv to Jerusalem would be "a blatant violation of International law". British Prime Minister Liz Truss, in New York for the UN General Assembly, told her Israeli counterpart Yair Lapid on Wednesday "about…

In today’s newsletter: The newly appointed chancellor will deliver his first ‘fiscal event’ in Parliament today – but will it make a difference?

Kwasi Kwarteng is expected to explain how the Prime Minister's tax-cutting promises will be put into practice

Liz Truss’s first UN general assembly was a chance to commit to fighting global disease – millions of lives hang in the balance

The prime minister is in hock to rightwing lobbyists who are themselves indebted to oligarchs and corporations, says Guardian columnist George Monbiot