Kwasi Kwarteng: Last News

As Prime Minister Liz Truss prepares to hold crisis talks over her controversial mini-budget, the future of the current government has become more uncertain.

Kwasi Kwarteng has paid the price for the chaos unleashed by his mini-budget as he was reportedly sacked by Liz Truss.

READ MORE: Will Daily Star's 60p Tesco lettuce or PM Liz Truss last longer? Watch live feed"I'm told that Kwasi Kwarteng is being sacked as Chancellor as Liz Truss prepares to reverse the mini-Budget," Steven Swinford, Political Editor of The Times, said on Twitter. "Not clear who will be replacing him." Swinford added that "things are moving very quickly" and that Number 10 is "not commenting."Echoing Swinford, Pippa Crerar of the Guardian reported: "Treasury sources tell us that Nadhim Zahawi or Sajid Javid could replace him at No 11."She said Kwarteng is getting the chop to "take the hit from U-turn over mini-Budget," citing a No 10 source.

Kwasi Kwarteng is flying back to London for crisis talks with Liz Truss amid turmoil in the Tory party and economic chaos caused by his mini-budget.

Kwasi Kwarteng has cut his trip to the US short to fly home for 'crunch talks' with Liz Truss amid the expectation of another major mini-budget U-turn.

Kwasi Kwarteng did not commit to nor rule out a U-turn on corporation tax, despite growing pressure to abandon even more parts of the recent mini-budget which caused market turmoil.

Liz Truss was under fire from her own MPs as they demanded more U-turns on her tax-slashing agenda after she ruled out spending cuts to balance the books.

Ian Blackford has accused Liz Truss of "ignoring the damage and the chaos" of her mini-budget that plunged the markets into turmoil due to her unfunded tax cuts.

The Department for Work and Pensions (DWP) will announce the State Pension and benefits uprating next month following a scheduled annual review which takes place after the release of the September Consumer Price Index (CPI) inflation figures in October.

A warning from Liz Truss has come back to haunt her after footage showing her saying a tax cuts bonanza would lead to "boom and bust" was unearthed.

The government has confirmed when a decision will be made on whether or not to raise benefits in line with inflation or earnings.

Kwasi Kwarteng will publish his financial strategy and economic plans earlier than expected, on October 31. It comes after the Chancellor faced mountain pressure to reveal his medium-term fiscal plan.

Cocaine was found in toilets during raucous ­parties at the Tory party conference, the ­Sunday Mail can reveal.

Piers Morgan made an explosive return to BBC Question Time on Thursday.During the programme, he said: “With respect, in the last ten days of the monumental c**k-up you did with this mini-budget, I’ve so far heard people blame the Queen’s funeral for what happened, you’re now blaming Vladimir Putin.“I’m saying to you it’s simpler than that. Your mini-budget caused the chaos.”This comes after chancellor Kwasi Kwarteng confirmed in a tweet on Monday that the Tories were doing a U-turn on the cutting of the 45p tax rate.READ MORE: Piers Morgan fumes Liz Truss is 'rolling the dice' with entire British finances Nadhim Zahawi, Chancellor of the Duchy of Lancaster, who was also on the show, fired back at Morgan’s remarks and said: “Do you not think Vladimir Putin is using energy as a tool?”Fiona Bruce, Question Time’s host interfered with their spat and pointed out that Zahawi had already made that point.But Zahawi carried on, continuing his point and said: “Countries around the world, bankers are having to increase interest rates.”After Morgan hit back once more, insisting that it was “because of your mini budget!” the host finally regained control of the conversation.She said, “Both of you.

In April this year, the government passed the Elections Act 2022 which will see photo ID required by voters in Great Britain for the first time.

HBO series Succession.On Monday (October 3), the Chancellor of the Exchequer said in a statement that “we get it and we have listened”, as he announced plans to scrap a controversial tax cut for those earning over £150,000 a year.His statement, however, was soon mocked on social media, with many comparing it to a speech given by Sarah Snook’s character Shiv Roy in Succession.In a season three episode of the hit show, Shiv used the phrase “we get it” while addressing Waystar Royco employees about a series of scandals that had hit the company.“As a #Succession obsessive, I’m really enjoying the tories leading with “We get it” on the 45p tax rate climb down. Is @lucyprebblish writing the script for our government now?” wrote one person.Another joked: “Does the UK government have the same PR advisers as Waystar Royco?”“Wasn’t ‘we get it’ literally the slogan Waystar went with in Succession after it came out that they’d done a bunch of shady things? And then ‘we hear you’ after their version of Siri was spying on people?” added another.As a #Succession obsessive, I'm really enjoying the tories leading with "We get it" on the 45p tax rate climb down.

Nicola Sturgeon has accused Liz Truss of "ranting" about her opponents during the Prime Minister's speech to the Conservative party conference today.

Prime Minister Liz Truss has defended her Government’s disastrous mini budget that nearly tanked the UK economy.

The Work and Pensions Committee has pressed Chancellor Kwasi Kwarteng to honour the commitment made by the former Chancellor, Rishi Sunak, to uprate benefits in April 2023 in line with the September 2022 Consumer Price Index (CPI) rate.

Despite coming into power just weeks ago, the current Conservative government is already facing pressure to call a general election after a chaotic few weeks.

The government has confirmed that millions of households all across the UK will soon receive the second instalment of the £650 cost of living payment.