Author: News Desk

Kwarteng’s replacement is warned of inflation impact, crumbling services and financial ‘black hole’ that he has two weeks to fill Liz Truss’s new chancellor, Jeremy Hunt, may still have to draw up spending cuts worth up to £40bn to convince markets the government can balance the books, experts warned after Friday’s humiliating U-turn. Speaking at a Downing Street press conference, Truss dropped a heavy hint of austerity to come, saying: “Our public sector will become more efficient, to deliver world-class services for the British people, and spending will grow less rapidly than previously planned.” Continue reading… ​Kwarteng’s replacement is warned…

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  Elon Musk’s company SpaceX will stop giving Ukraine free satellite internet, a service which helped Kyiv’s military stay online after internet networks were destroyed during the war. ​Elon Musk’s company SpaceX will stop giving Ukraine free satellite internet, a service which helped Kyiv’s military stay online after internet networks were destroyed during the war. 

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Turmoil in Tory party takes centre stage after unconvincing moves by an unrepentant Truss to fix her policy crisis How long Liz Truss can last as prime minister dominated the UK front pages on Saturday, after the sacking of her chancellor and a pledge to “see through” what she had promised failed to assuage either the markets or her own MPs. The Guardian calls it “a day of chaos”, as Kwasi Kwarteng lasts just 38 days in office and Truss is forced into a “humiliating” U-turn on a planned cut in corporation tax. It notes Truss’s press conference consisted of…

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