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The Latest Breaking News from OBR

Treasury brings forward next tax update to Halloween alongside OBR forecasts

Confirmation of the date comes as the Bank of England also seeks to reassure markets on its intervention in UK debt market

Evening Standard

Kwasi Kwarteng to launch debt-cutting plan on 31 October

Chancellor will also bring forward publication of OBR forecasts after pressure from MPs

The Guardian - UK

Chancellor Kwasi Kwarteng brings forward Medium-Term Fiscal Plan to Halloween

The Chancellor said the new date will allow the OBR to "capture data releases, such as the recent Quarterly National Accounts and Blue Book revisions"

Birmingham Post

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Truss must raise benefits in line with inflation, Javid says

Former Tory chancellor also calls on Kwasi Kwarteng to speed up release of OBR forecasts

The Guardian - UK

Liz Truss to abandon benefit cuts in bid to avoid Tory mutiny, reports say

PRIME Minister Liz Truss is set to abandon plans to impose real-terms benefits cuts in an attempt to stave off a Tory mutiny brewing after just…

The National (Scotland)

Truss and Kwarteng will face fury of Tory MPs in week of crisis meetings

The PM and chancellor will try to stop panic spreading through the party after their high-risk economic plan threatens a ‘death spiral’

The Guardian - UK

Who’s against Truss and Kwarteng’s growth mania? Anyone with sense

How can the government build, build, build and hit net zero? Or, come to that, keep both the Bank and the OBR on its side?

The Guardian - UK

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First-time buyers see hopes destroyed amid rising interest rates and higher rents

The property market is set to weaken from the bottom up as people struggle to climb onto the housing ladder, economists warn

The Independent UK

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

The Guardian - UK

Truss and Kwarteng warned not to stretch medium-term growth timeline

Concerns that fiscal plan may take longer to deliver than the traditional definition of three to five years

The Guardian - UK

Truss says she ‘absolutely’ trusts Kwarteng after display of public unity

Liz Truss and Kwasi Kwarteng took part in a joint visit but there were still signs of trouble in the relationship between No 10 and No 11.

The Independent UK

Kwarteng U-turn on statement timing ‘could ease mortgage pain for millions’

Senior Tory says watchdog report will influence crucial rate-setting meeting

The Independent UK

Andrew Bowie refuses to say if he would vote to back mini-budget measures

The Scottish Tory MP was asked twice if he would back the mini-budget measures in a parliamentary vote and refused to do so

The National (Scotland)

Minister claims upside from weak pound for shops serving high-spending US tourists

Exclusive: Plunging value of sterling ‘not all bad’, says member of Truss team

The Independent UK

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The Guardian - UK

Kwarteng is sticking to his guns on tax and spending cuts. But what he really needs is luck

The chancellor appears unwilling to reverse any of the measures in his mini-budget. If he is to survive, it may be down to factors beyond his control

The Guardian - UK

Labour will not waver from putting the UK economy on secure ground

The disastrous Conservative mini-budget has left the country in tatters. This government can no longer be trusted, says shadow chancellor Rachel Reeves

The Guardian - UK

Voters abandon Tories as faith in economic competence dives

Conservative MPs urge Liz Truss’s removal from No 10 after poll reveals British public’s fury over tax plans

Daily Mirror

Tory plotters target 70 MPs to oust Liz Truss over fears she will collapse economy

Conservative Party members are speaking to up to 70 MPs in a bid to topple their new leader and Prime Minister Liz Truss amid mounting fears she will tank the UK economy

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Evening Standard

Tory rebels seek Labour help to stop budget ‘for sake of Britain’

Labour will reportedly use the “humble address” to seek documents from the OBR

The Independent UK

Warning to Kwarteng that delay in releasing plans could mean mortgage pain for millions

Senior Tory urges chancellor to bring forward 23 November fiscal statement to this month

Daily Mirror

Liz Truss admits UK faces 'difficult winter' but DEFENDS 'disruptive' mini-budget

The Prime Minister insists the Government was right to act to get the economy moving and to protect families from soaring energy bills despite the 'disruption' it's caused

Evening Standard

Kwasi Kwarteng: We had no choice but to do something different with economy

Liz Truss has admitted the Government caused ‘disruption’ to the markets, but insisted they were right to act

The Independent UK

Kwarteng insists he had ‘no other choice’ but to do something different with economy

Chancellor’s comments come as Liz Truss admits government caused ‘disruption’ of markets

Daily Mirror

Kwasi Kwarteng says he had to do 'something different' after causing budget chaos

The Chancellor Kwasi Kwarteng has defended his mini-budget that sent the financial markets into a spin by saying he was left with "no other choice" and needed to do "something different"

The Independent UK

We had no choice but to do something different with economy, says Kwarteng

Liz Truss has admitted the Government caused ‘disruption’ of the markets, but insisted they were right to act.

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