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The Latest Breaking News from Liz Truss

Michael Gove says cash to help families pay mortgages can't be 'magicked out of thin air'

Cabinet minister Michael Gove said Tories have 'exacerbated' the issue of soaring borrowing rates with Liz Truss's mini-Budget - and the squeeze on mortgage holders is set to tighten

Daily Mirror

As mortgage rates surge, the Tories are losing their reputation for economic competence

The party is tearing itself to pieces as terrified borrowers face a new age of insecurity

The Guardian - UK

Kwasi Kwarteng pockets £27,000 for 30-minute speech to Swiss bankers

Just months after he and Liz Truss tanked the UK economy with their kamikaze mini-budget, Mr Kwarteng has started raking in cash from public speaking

Daily Mirror

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Yes, pension funds are rich, but they won’t bail out Britain

Jeremy Hunt’s fascination with the investment potential of retirement savings is understandable. But the obstacles are prohibitive

The Guardian - UK

Boris Johnson ‘considering running for London mayor’

Former aide Guto Harri says bid to oust Sadiq Khan would be ‘great idea’

The Independent UK

UK's Truss admits to 'mistakes' -- but blames enemies

LONDON - British former prime minister Liz Truss on Thursday conceded to "mistakes" over her disastrous short-lived tenure last year -- but blamed the economic "establishment" for torpedoing her policies.

Bangkok Post

The Guardian view on Rishi Sunak’s economics: recession is an acceptable price to pay

Editorial: Growing the economy by shrinking it first is a high-risk political strategy

The Guardian - UK

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Labour must counter the Tory bonanza of uncosted policies. But not at the expense of childcare

By rowing back on commitments to free provision for children and the green new deal, the party is losing at the Tories’ toxic game, says Guardian columnist Zoe Williams

The Guardian - UK

Starmer claims Sunak ‘weak’ for failing to block Boris Johnson’s honours list

The pair clashed at PMQs after several days of Tory infighting.

The Independent UK

Who will get the blame for UK mortgage misery?

The government has ordered banks to protect people struggling to pay their mortgages as interest rates were predicted to rise as high as 6% by the end of the year.

The Week

UK has no choice but to raise interest rates to curb inflation, says Jeremy Hunt

Chancellor gives unstinting support to Bank of England as households brace for borrowing costs to rise again

The Guardian - UK

A brief history of camp: from minority sensibility to political protest

Early in the first episode of the BBC reality dating show I Kissed A Boy, glamorous pop star Danni Minogue descends a staircase to greet the all-male line-up of contestants. “Probably not the right heels for this,” she admits.

The Conversation

Bust Woking council to cut ties with firm behind debt-ridden skyscraper

Northern Irish developer Moyallen owns 52% of Victoria Square development at centre of local authority’s financial meltdown

The Guardian - UK

'Economic incompetence': UK Government borrowing costs reach 15-year high

THE SNP have accused Rishi Sunak of being like “Liz Truss in slow motion” after it was revealed that UK Government borrowing costs have…

The National (Scotland)

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The Independent UK

Banks should increase returns on savings amid interest rate rises, says top Tory

Harriett Baldwin, chairwoman of the Treasury Select Committee, suggested banks should take the step if they are also raising mortgage rates.

The Independent UK

Drop culture war battles, Penny Mordaunt tells Tories

Party must focus on ‘building more and taxing less’, says cabinet minister

The Independent UK

Who is Charlotte Owen and why is she getting a peerage?

The 29-year-old aide among controversial names on Boris Johnson’s resignation honours list

The Independent UK

Drop culture war battles, Penny Mordaunt tells Tories

Party must focus on ‘building more and taxing less’, says cabinet minister

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Evening Standard

Who is Charlotte Owen? Youngest life peer parties with Carrie Johnson

Boris Johnson’s ex-aide has been in politics for all of five years and eight months, going from intern to baroness in that time

Daily Mirror

Gillian Keegan attacks 'fairytale' economics of Tory right as civil war deepens

'Selectively choosing bits of the legacy and dressing it up as Thatcherism is a betrayal of her great legacy,' Gillian Keegan told the Centre for Policy Studies' annual Margaret Thatcher Conference in a dig at Liz Truss

The Guardian - UK

‘This is just ruinous’: the Britons unable to afford their homes

Millions are finding themselves priced out of renting and buying amid high inflation and mortgage rates

The Guardian - UK

Urge to soothe markets may blunt Labour’s edge on Tories

Scaling back of green prosperity plan reflects a possibly costly desire to project fiscal stability

The Guardian - UK

Labour says ‘Tory mortgage penalty’ costs homeowners extra £7,000 a year

Opposition finds fallout of Liz Truss mini-budget has raised average mortgage interest payments by £150 a week in two years

The Independent UK

Boris Johnson: The former PM who promised to get Brexit done

His resignation statement on Friday came just hours after the Government published his long-awaited resignation honours list.

The Independent UK

Have I Got News For You jokes about recording on Friday after Johnson quits

This week’s episode featured comedian Harry Hill as host – his first ever appearance on the show – and was recorded on Thursday.

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