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The Latest Breaking News from Liz Truss

Autumn statement 2022: what Sunak's first big announcement tells us about how he will lead the country

Understandably, much of the focus on the autumn statement – the plan for the UK’s finances outlined by chancellor Jeremy Hunt on November 17 – is on its economic impact. But all economic policy making has considerable political significance.

The Conversation

UK economy damaged by ‘own goals’ like Brexit and Liz Truss’s Budget, economists say

Institute for Fiscal Studies says UK faces ‘long, unpleasant journey’ over next few years

The Independent UK

Relief meets fear as UK budget calms economy but brings pain

Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation

The Independent UK

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Why did Russia invade Ukraine and what could happen next?

Vladimir Putin’s military assault continues in face of near-unanimous international condemnation

The Independent UK

Fifteen key details from Autumn Statement including Universal Credit sanctions

Mr Hunt's statement outlined the government's response to the ongoing cost of living crisis

Liverpool Echo

Friday briefing: How will Labour counter the Tory ‘belt-tightening’ agenda this time?

In today’s newsletter: The chancellor’s autumn statement blamed global problems for an economic crisis of the government’s making – what should be Labour’s alternative?

The Guardian - UK

'Liz Truss left us in turmoil and it is getting worse' says people of Leeds after Autumn statement

People across the city have felt the effects of the cost of living crisis

Leeds Live

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No more excuses for terrible Tories after a decade of disasters

Record View, says the Conservative Party has been in power since 2010 and cannot blame the economic mess on forces beyond their control.

Daily Record

'It's the same as always, working people get robbed' - shoppers in Greater Manchester react to Autumn Budget statement

"I heard a bit of it on the radio and just like everything, it's rubbish innit."

Manchester Evening News

Pay more tax, get less in return: this budget lays bare the bleak reality of Britain’s economy

Jeremy Hunt didn’t mention that living standards may fall by 7% over the next two years, leaving many people treading water, says Guardian columnist Gaby Hinsliff

The Guardian - UK

Labour lambasts autumn statement but Tory dissent is muted

Shadow chancellor attacks ‘crisis made in Downing Street’ but there are few signs of anger on Tory benches

The Guardian - UK

Liz Truss and Kwasi Kwarteng are nowhere to be seen as tax rises announced

The former Prime Minister skipped Jeremy Hunt's Autumn Statement, just under eight weeks after her and Kwasi Kwarteng's disastrous mini budget caused chaos

Daily Mirror

Corrie star Stephanie Beacham 'wants Liz Truss in jail' as Loose Women chat cut short

The former Coronation Street actress Stephanie Beacham made the dig at the former Prime Minister as she appeared on Loose Women, after the autumn budget had been announced

Daily Mirror

Treasury minister 'doesn't recognise' claims Scotland short changed by £1.7bn

The Chief Secretary to the Treasury was asked if he had any response to the SNP’s claims that Scotland was being “short-changed” by the UK

The National (Scotland)

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The Guardian - UK

De facto ban on solar farms in England to continue, Coffey signals

Environment secretary dashes hopes Sunak government will reverse policy to help reach net zero targets

Daily Mirror

'Pick pocket Hunt's Budget begins another age of wallet-emptying Tory austerity'

Chancellor Jeremy Hunt's Autumn Budget comes after a dozen years of pay gloom with Brits enduring wages worth less today than in 2010 - this is deja vu, all over again

The Independent UK

What does the Autumn Budget mean for house prices?

The OBR predict that house prices will fall by 9 per cent between end of 2022 and third quarter of 2024

The Guardian - UK

Will the autumn statement do enough to ease the recession? Our panel’s verdict

The chancellor has presented the government’s economic plans as Britain suffers the highest inflation for 40 years

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Al Jazeera

Hunt unveils new spending cuts, tax hikes to fix UK’s economy

The Treasury chief says the new budget plan prioritises ‘stability, growth and public services’.

Daily Record

Autumn Statement: 5 things Scots need to know from Jeremy Hunt's tax rising budget

The Chancellor of the Exchequer said there would be a "shallower downturn" as a result of his measures.

The Guardian - UK

Hunt unveils tax rises and spending cuts as OBR says eight years of growth to be wiped out

Labour describes autumn statement measures as ‘invoice for the economic carnage’ of disastrous mini-budget under Liz Truss

Daily Mirror

Jeremy Hunt clobbers ALL Brits with barrage of tax rises and cuts as UK in recession

Jeremy Hunt has announced tens of billions of pounds of cuts and stealth tax rises in the Autumn budget statement - from council tax and income tax to energy bills, minimum wage and the state pension and benefits

Daily Record

Autumn Statement: Energy price cap to be lifted as bills set to soar for Scots

Chancellor Jeremy Hunt scaled back the Energy Price Guarantee announced by the previous Tory Government.

Reuters

UK faces record hit to living standards as tax hikes loom

Britain faces a record hit to living standards this year as surging inflation erodes incomes, the country's budget forecasters warned, after finance minister Jeremy Hunt announced more pain, with tax rises now and spending cuts further ahead.

Daily Record

Autumn Statement: Scots hit by stealth tax as National Insurance threshold frozen until 2028

National Insurance thresholds will be frozen until 2028 - but as wages rise it means many more low-paid workers will start paying NI contributions.

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Office for Budget Responsibility

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