Author: News Desk

PM makes second climbdown and sacks chancellor after package of unfunded tax cuts sent the pound tumbling Today’s political news – live updates Liz Truss has performed a humiliating U-turn over her flagship plan to cut corporation tax, as she grimly insisted she would hang on as prime minister despite being forced to sack her chancellor, Kwasi Kwarteng, over the government’s disastrous mini-budget. At a hastily called and notably brief Downing Street press conference, soon after she replaced Kwarteng with Jeremy Hunt, a notably subdued-looking Truss told reporters that parts of the mini-budget “went further and faster than markets were…

LIVE – Jeremy Hunt appointed Chancellor after Kwarteng sacked Jeremy Hunt has been appointed the new Chancellor following the sacking of Kwasi Kwarteng. During the leadership contest over the summer, Hunt put himself forward to be the next Tory leader but after not gaining enough support from fellow MPs he supported Rishi Sunak’s bid. Hunt will be the fourth chancellor this year.

  The Prime Minister has been heckled by members of the media as she exited a Downing Street press conference after confirming yet another drastic government u-turn ​The Prime Minister has been heckled by members of the media as she exited a Downing Street press conference after confirming yet another drastic government u-turn 

  Liz Truss has slapped down talk of a Prime Ministerial resignation following the sacking of Chancellor Kwasi Kwarteng. ​Liz Truss has slapped down talk of a Prime Ministerial resignation following the sacking of Chancellor Kwasi Kwarteng. 

  Robert Peston asked Liz Truss whether she would apologise for “trashing” her party’s record for “economic competence” with her repeated U-turns on the mini-budget. ​Robert Peston asked Liz Truss whether she would apologise for “trashing” her party’s record for “economic competence” with her repeated U-turns on the mini-budget. 

  The heartwarming story comes as the country struggles to find room for the large influx of refugees ​The heartwarming story comes as the country struggles to find room for the large influx of refugees 

‘I just felt my body sort of go into this weird position,’ the queen recalled.

  It comes days after Leah’s belongings and human remains were found at Milton Keynes property It comes days after Leah’s belongings and human remains were found at Milton Keynes property 

  PM concedes her radical mini-Budget ‘went further and faster than markets were expecting’ PM concedes her radical mini-Budget ‘went further and faster than markets were expecting’ 

  The Prime Minister has sacked her Chancellor in a bid to ease the markets. ​The Prime Minister has sacked her Chancellor in a bid to ease the markets.