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KWASI KWARTENG NEWS
Ex-Cabinet Minister Jacob Rees-Mogg thinks Liz Truss should not have backtracked on mini-bidgetJacob Rees-Mogg, former Cabinet Minister, stated that after ex-UK PM Liz Truss's decision to lower taxes on the affluent was taken, it was ...- Rishi Sunak to be UK prime minister: What you need to knowHis predecessor Liz Truss was brought down after just six weeks in office by her economic programme which roiled financial markets, pushed ...
- UK brings forward fiscal measures after budget turmoilMonday's measures "will support fiscal sustainability", the Treasury added, after last month's notorious mini-budget had sent bond yields s...
- Goldman Sachs sees deeper UK recession after tax U-turnGoldman revised its 2023 UK economic output forecast to a 1% contraction from an earlier forecast for a 0.4% output drop, with core inflati...
- UK leader Liz Truss goes from triumph to trouble in 6 weeksBut few were prepared for the scale of the sound and fury -- least of all Truss herself. In just six weeks, the prime minister's libertaria...
- New UK finance minister Jeremy Hunt warns some taxes will rise in sign of new U-turnIn a hurried news conference shortly after dismissing Kwarteng, Truss said the corporation tax rate would increase, abandoning her plan to ...
- Fighting for survival as UK PM, a chastened Liz Truss changes course againA chastened Truss addressed her first news conference as prime minister to admit she had gone "further and faster" than markets expected an...
- UK's Liz Truss has fired finance minister Kwasi Kwarteng- BBCDowning Street confirmed that Truss, in power for only 37 days, would hold a press conference later on Friday after Kwarteng was forced to ...
- UK's PM Liz Truss to hold first news conference amid market turmoilMarket turmoil sparked by the September 23 budget has led to speculation that Truss and Chancellor Kwasi Kwarteng are set to announce a new...
- IMF claims UK's tax cuts would intensify fight against cost-of-living issueDespite having warned that the chancellor's mini-budget will cause prices to rise, the International Monetary Fund (IMF) has intensified it...
- Market will continue to be very nervous of Liz Truss government: Alistair Newton“Prime Minister Liz Truss and Kwasi Kwarteng (the Chancellor of the Exchequer) are in deep trouble within their own party. The party confer...
- UK Chancellor Kwasi Kwarteng announces cuts on stamp duty. What is in it for you?Kwasi Kwarteng announced reductions in the top 45% rate of income tax, and national insurance, including a stamp duty discount for new home...
- UK Chancellor Kwasi Kwarteng announces reversal of National Insurance hike from November, more details insideUK Chancellor Kwasi Kwarteng declared they would reverse the National Insurance hike from November to April. The tax cut will enable 28 mil...
- Pound falls to 37-year low as poor retail sales lift economic woesThe pound fell more than 1% against the dollar to 1.1351, its lowest since 1985, its fall accelerating once it passed through the then 37-y...
- UK leader Liz Truss rules out windfall tax for oil companiesSpeaking during her first session of prime minister's questions in the House of Commons, Truss rebuffed opposition calls for a new windfall...
- Where's Boris? British Prime Minister on leave as economic crisis deepensDowning Street has refused to say where Prime Minister Boris Johnson is holidaying for a belated honeymoon with wife Carrie this week, but ...
- UK bars Russia from its accounting, PR servicesThe government in London said UK businesses supply 10 percent of Russia's imports in the services sector and that the UK has now sanctioned...
- UK health leaders call for Covid curbs as infections riseBut ministers remain opposed to reintroducing any curbs, arguing the situation is still far better than earlier this year and the country i...
- British industry warns of factory closures without help on fuel costsWholesale gas prices have increased 400% this year in Europe, partly due to low stocks and strong demand from Asia, putting particular pres...
- UK wants to vaccinate all adults before sharing vaccine with other countries"I think our focus has to be to try and keep Britain safe, we want to work cooperatively as well with other countries but the main priority...
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