Month: October 2022

Former minister Michael Gove has become the latest senior Tory to savage Liz Truss’s mini-budget, reports the Metro. The paper says the former levelling-up secretary called the mini-budget “not Conservative” and critised “a number of mistakes” in the PM’s plans to grow the economy by increasing the amount of borrowing.

According to the Daily Mirror, a senior Tory has warned that Liz Truss will be ousted as prime minister by Christmas unless she ditches her tax cuts for the wealthy. “Truss ‘is finished'” is the headline on the front of the paper, which quotes a former cabinet minister’s damning verdict Truss’s premiership.

Chancellor Kwasi Kwarteng is due to say “we must stay the course” and stick to his plan to deliver economic growth on Monday, reports the Daily Express. The paper says the chancellor will draw a line under the market turmoil of the past week when he issues a “conference battle cry” this afternoon at the Conservative Party conference in Birmingham.

Monday’s front pages report on the Tory rebellion over the plans to abolish the 45p tax rate. The row had dominated the news all weekend before Monday morning’s events – the government’s U-turn on the plans.