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The Latest Breaking News from OBR

Cross-party MPs demand Kwasi Kwarteng brings forward next ‘fiscal event’

The Treasury Select Committee, chaired by an influential Tory MP, said the Chancellor should reveal his medium-term fiscal plan at the end of October.

The Independent UK

Mini-budget to pile on debt interest, warns Tony Blair Institute

Kwasi Kwarteng’s growth plan included £45bn of tax cuts

Wales Online

Chancellor’s mini-budget to pile on debt interest, warns Tony Blair Institute

It comes after days of market turmoil as traders swallowed the impact of the Chancellor’s growth plan, which included £45 billion of tax cuts.

The Independent UK

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‘Fiscal sustainability’ plus rising borrowing costs could add up to cuts

To make the sums work, some suggest Kwasi Kwarteng may include deep spending reductions in his medium-term fiscal plan

The Guardian - UK

Half of Kwarteng’s cuts to personal tax will go to richest 5%, say experts

Thinktank says someone earning £1m will gain £40,000 as top rate, basic rate and national insurance reduced

The Guardian - UK

Friday briefing: What to expect from Kwasi Kwarteng today

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

The Guardian - UK

Chancellor to set out plans for ‘new era focused on growth’ in mini-budget

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

Wales Online

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UK faces ‘really tough times’ admits PM Liz Truss ahead of mini-budget

The PM promised the ‘growth plan will deliver better jobs, more funding for public services and higher wages’ amid the cost-of-living crisis

Evening Standard

What to expect in tomorrow's Mini-Budget - Stamp Duty, energy bills and National Insurance

Everything we know about Kwasi Kwarteng's statement tomorrow - from Bankers' Bonuses to the real living wage.

Chronicle Live

Royal Mail needs to modernise – but hardball is not way out of dispute

For postal workers, firm’s proposal to hold talks at conciliation service Acas is one to consider seriously

The Guardian - UK

Silencing mini-budget analysis will not help Truss woo the markets

Government needs independent verification of policies if it is to win vital finance sector confidence

The Guardian - UK

UK’s mounting debts unsustainable if sweeping tax cuts go ahead, warns IFS

Concerns mount before mini-budget that precarious financial position will spark run on sterling

The Guardian - UK

Ed Davey: Truss government is probably most rightwing in modern UK history

Exclusive: Lib Dem leader says refusal to allow OBR scrutiny of mini-budget ‘shows economy is being run by ideology, not a plan’

The Guardian - UK

Ever bold, always cocky and never a mission accomplished: this will be the tale of PM Truss

The pattern is already clear – a rush for growth, no concern about the risks, and a fall that everyone saw coming, says Guardian columnist Rafael Behr

The Guardian - UK

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The Guardian - UK

Kwasi Kwarteng refuses to let OBR release forecasts with mini-budget

Tory chair of Treasury committee says assessments on economic impact of planned tax cuts vital to provide reassurance to markets

The Independent UK

MPs demand economic forecast alongside Kwarteng’s mini-budget

The Tory chairman of the Treasury Committee said such data is needed to ‘provide reassurance and confidence to international markets and investors’.

The Independent UK

Truss’s pledges ‘to contribute to £60bn hole in UK budget’

Liz Truss’s tax cut and defence spending pledges, coupled with spiralling inflation and the growing cost of government debt, will create a £60bn hole in the public finances by 2026, according to calculations by the Financial Times.

The Guardian - UK

Economic watchdog confirms it could scrutinise Truss’s cost of living plans

MPs say it is vital tax and spending measures proposed by potential new prime minister are examined by OBR

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The Independent UK

Independent watchdog says it can provide economic forecast in time for emergency Truss budget

Senior Tory describes work as ‘vital’

The Independent UK

Fiscal watchdog ready to publish forecast for new PM’s spending plans

The OBR’s confirmation puts the new government in the position of having to formally reject its offer.

Evening Standard

Tory leadership hustings: Liz Truss defends tax cuts proposal amid criticism from Sunak campaign

Leadership candidates clash over cost-of-living crisis at Birmingham hustings as campaign enters its final weeks

The Independent UK

Truss attacks ‘Treasury orthodoxy’ as she promotes tax-cutting leadership pitch

Rishi Sunak warned that millions of households face ‘destitution’ without further support this winter.

The Guardian - UK

Kwasi Kwarteng’s opaque stance on BT ownership is not helping

The company really does not need to take an excursion into high-leverage financial engineering

The Guardian - UK

Rishi Sunak attacks Liz Truss’s plans to curb Bank of England’s independence

Former chancellor says rival’s economic proposals could ‘spook international investors’

The Independent UK

Sunak steps up attacks on Truss policies amid growing inflation fears

The cost-of-living crisis appears set to dominate the latest hustings clash between Liz Truss and Rishi Sunak.

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