Kwasi Kwarteng: Last News

The British pound fell to an all-time low against the dollar as markets reacted to the UK’s biggest tax cuts in 50 years.

The pound has hit an all-time low against the dollar while Chancellor Kwasi Kwarteng has defended his tax cuts, which benefit high earners most. Sterling slumped last Friday (September 23) moments after the new Chancellor revealed his 'mini-budget' in the House of Commons.

A National Trust boss has hit out at the Government’s latest plans that are going ‘in the opposite direction’ to supporting the environment. The organisation believes that the recent Investment Zones announcement made by new Chancellor Kwasi Kwarteng on Friday could lead to harm for green spaces.

Jeremy examines the state of the economy, whilst establishing that he is first and foremost “not an economist”. Yet individuals do not have to be an expert in economics to understand that heating bills are increasing as well as high inflation rates.Jeremy bluntly puts the state of the current economy down to individuals thinking that the government has access to a “magic money tree” which can be harvested in times of need.In his characteristic no nonsense way of thinking, Jeremy went on to question the qualifications of new chancellor, Kwasi Kwarteng.Having numerous degrees to his name, one of which is in economic history, was not enough to convince Jeremy that he was good enough for the job, rather that he just “liked university life”.“I have a certificate that says I can do Teeline shorthand at 110 words a minute, but that doesn’t mean I should be entrusted with writing Hansard every day,” Jeremy wrote in The Times.Instead Jeremy is of the opinion that economics is “un-understandable” and “un-runnable” and without the use of some miracle magic crystal ball is based completely on guess work.Having established his opinion on the state of the economy and the people who are in charge of managing it, Jeremy then provided his personal solutions to the problems the government is currently facing.He wrote: “So to solve the economy what we need to do is make sensible cuts in all government departments, cutting their staffing levels by, say, half.“And then, rather than reducing them still further to the point where they don’t work at all, we get rid of one entire department altogether.“Many people are now saying that we should rid the country of the monarchy because this ancient institution is no longer relevant.

RMT general secretary Mick Lynch has described his first meeting with new Transport Secretary Anne-Marie Trevelyan as a 'good meeting with a positive attitude'. Rail strikes are planned for October 1, 5, and 8, as the long-running dispute over pay and conditions rumbles on.

Prime Minister Liz Truss has defended her Government's controversial tax cuts as she vowed to 'usher in a decade of dynamism'. Truss has come under fire from Labour who accused the Prime Minister and Chancellor Kwasi Kwarteng of gambling with people’s finances in 'casino economics', and claimed their 'trickle-down' approach will leave the next generation worse off.

Sir Keir Starmer has accused the Government of 'gambling with people's finances and mortgages' with its 'casino economics'. Speaking before his party's annual conference in Liverpool the Labour leader said Prime Minister Liz Truss and Chancellor Kwasi Kwarteng had shown their 'true colours' with their raft of tax cuts that mainly benefit the wealthy.

The government has outlined its mini-budget and, despite what its name suggests, the announcement was far from small and featured lots of changes that will affect people up and down the country. In particular, one big shake-up is coming to those on Universal Credit, with Chancellor Kwasi Kwarteng revealing that more than 100,000 people on benefits are likely to be affected by the change.

A shocking average of 242 incidents of crime and anti-social behaviour PER MONTH were reported on and around Greater Manchester's Metrolink network over the last 12 months, new figures reveal. That equates to an annual total of 2,904 - or around 60 reports every week.

Nicola Sturgeon has warned the rich will be "laughing all the way to the bank" after the UK Government slashed taxes for the wealthy today.

The government have announced a cut to stamp duty tax as part of a wider set of economic measures aimed at easing inflation.

Labour leaders in Greater Manchester have been reacting with anger to the mini-budget announced by the government this morning. Kwasi Kwarteng lifted the cap on bankers bonuses and scrapped the highest tax rate for those earning £150k a year, as well as a raft of other tax cuts, in a controversial budget today.

A man was taken to hospital after a crash between a tractor and a car in Bury this morning.

The UK Government has a new prime minister in Liz Truss and a new Chancellor in Kwasi Kwarteng.

Martin Lewis called the government’s mini-budget statement ‘staggering’ as he analysed the news on Twitter. Chancellor Kwasi Kwarteng delivered the announcement in the House of Commons on Friday morning.

Chancellor Kwasi Kwarteng has this morning confirmed the increase to National Insurance contributions that came into effect earlier this year will be reversed from November 6.

The chancellor has this morning set out the government's plan to 'solve the riddle of growth' and to help people with the cost-of-living crisis with widespread tax cuts for the highest earners in a 'new era'. Kwasi Kwarteng delivered the government's mini budget to the House of Commons as he announced expected caps to rising energy bills and lifting the cap on bankers bonuses.

The Chancellor unveiled a new wave of economic measures being introduced by the government in the House of Commons today.

The UK is heading for the biggest era of borrowing and tax cuts since the 1980s after Tory Chancellor Kwasi Kwarteng slashed corporate and personal tax rates for the very rich.

Chancellor Kwasi Kwarteng will deliver a variety of economic measures today as the government introduces a mini-budget to tackle the cost of living crisis.

Prime Minister Liz Truss and Chancellor Kwasi Kwarteng are set to deliver a 'mini budget' on Friday (September 22) to detail the government's plans to tackle the soaring cost of living.