Tory tax cuts leave UK economy in a 'very dangerous place', warns John Swinney

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.

Conservative Party conference in Birmingham on Monday where Prime Minister Liz Truss and Chancellor Kwasi Kwarteng are facing tough questions about their controversial tax-cutting mini budget announced last week.  Former Made In Chelsea star Georgia was seen hanging around the event alongside Stanley, who is father of former Prime Minister Boris Johnson.

Nicola Sturgeon has accused the Conservatives of "utter ineptitude" after the UK Government announced it would no longer cut the top rate of income tax for millionaires.

Prime Minister Liz Truss admitted that it will be a “difficult winter” for the UK hours before the new energy price cap came into force from today (Saturday, October 1). But she defended the mini-budget revealed earlier this week despite the “disruption” the plans caused.

The Scottish Government has asked for an urgent meeting with the Chancellor to discuss "reversing the damaging effects of the UK Government's tax proposals".

Alister Jack has claimed the biggest tax cuts in the United Kingdom since 1972, funded by £72 billion a year in borrowing, are "small".

A Tory minister has been mocked after he refused to accept that Liz Truss and Kwasi Kwarteng were "peddling fantasy economics" during the mini budget.

Liz Truss has been told to “come out of hiding” after remaining silent while the UK's economy tanks beyond belief.Less than one week after her Chancellor Kwasi Kwarteng announced a budget which the entire world has seemingly ridiculed and made the markets fall in dramatic fashion, PM Truss has not said a word.The budget-not-budget, announced last Friday, contained tax cuts upon tax cuts, for both the uber rich and those most in need – and it's been reported they were largely unfunded. READ MORE: UK, EU and United States are all 'running out' of weapons to send to Ukraine It also saw the pound drop to a record low against the dollar, too, and almost every UK bank pull its mortgage offers from the market.It has been criticised by virtually everyone, including the International Monetary Fund, the Bank of England and the Labour Party.And she is now being urged to do something about the chaos before it's too late and the economy crashes.Keith Brown, deputy leader of the Scottish National Party, said: “As the pound continues to plummet, Britain’s hopeless Prime Minister seems to have disappeared without trace.“It is astounding that Liz Truss has not made a single public appearance or statement since last Friday."It is time for her to come out of hiding and at least make the pretence of leading the country through this self-inflicted crisis.”And a Conservative MP told Pippa Crerar: “It's extinction level stuff.“This is like 2008, but worse.“We're messing with the very fundamental principle of providing a home for your family.“That's why it's different: it's real stuff.” The only comments Truss has made in recent days have been on the phone to Ukraine's President Volodomyr Zelenskyy about the crisis in Ukraine.

Cristiano Ronaldo will bank more than £1million extra at Manchester United thanks to the UK government's lowering of the upper tax bracket.Ronaldo, 37, is already understood to be pocketing a mind-boggling £510,000k-a-week at Old Trafford, after penning an initial two-year deal with the Red Devils last summer. However, the five-time Ballon d'Or winner is now set to see a dramatic increase in his bank balance due to Kwasi Kwarteng's mini-budget announcement.On Friday (September 23) the newly-appointed Chancellor abolished the additional tax rate for those earning over £150,000-a-year, meaning the maximum tax bracket in the United Kingdom now stands at 40% - which applies to those on incomes above £50,271.READ MORE: Cristiano Ronaldo thought ex-Chelsea player who ended up in prison was better than himKwarteng also announced the basic rate of income tax will be slashed from 20% to 19% in April, whilst also reverting the planned 1.25% rise in national insurance.Football finance expert Kieran Maguire explained that the government's changes to taxation will see Ronaldo's take-home income rise by an extra £1.3m - the equivalent of funding 26 band 8 nurses in the UK."Cristiano Ronaldo's take home will increase by roughly £1.3m over the course of 12 months, which is a lot of money.

During a time of financial crisis there is one person that many people turn to for advice - and that is Martin Lewis. The Money Saving Expert founder often offers reliable, up-to-date guidance for those struggling in the midst of the cost of living crisis, but today (September 28) it appeared the finance guru became lost for words.

The Scottish Conservatives have been accused of "hypocrisy" for supporting Liz Truss's tax cuts for the wealthy, despite several MSPs refusing to vote for her as leader. A group of prominent Tories endorsed Rishi Sunak's leadership campaign - which promised a focus on tackling inflation - before quickly embracing the new Prime Minister after the former Chancellor lost earlier this month.

Piers Morgan has fumed over Prime Minister Liz Truss' latest financial decisions in his latest TV gig.The controversial telly host appeared on Piers Morgan Uncensored on Monday night (September 26) to give his latest filter-free take on the government and current climate - including a dig at the PM.READ NEXT: Meghan and Harry 'floundering in LA' and 'lost' without royals, says Sharon OsbourneFollowing the release of the new mini-budget, Piers responded to the Government's handling of the economy as the pound tanks to a "record low" compared to the US dollar.In the clip he said: "The Conservative Party used to be seen as a safe pair of hands for the British economy. Right now those hands are throwing down cash at a roulette table."He fumed: "And it's not their money! It's yours! With their massive tax cuts mostly for the rich.

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.

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.