Yield on 30-year UK government bonds plummets as chancellor prepares to reverse more of Kwarteng mini-budget UK government borrowing costs fell sharply and the pound rallied after Jeremy Hunt announced he would bring forward some of his debt-cutting plans in an attempt to smooth over turmoil in financial markets. In a surprise statement early on Monday, the chancellor said he would make a statement to the Commons to announce some of the measures from the…
Daily Express – D-Day for PM: Will more U-turns save our economy? Summary of the front page The prime minister has “all but abandoned Trussonomics” in a “desperate bid to save her premiership”, the Daily Express reports. The Express has been the strongest supporter of Truss since the ousting of Boris Johnson – the paper is now asking if more U-turns on the controversial mini-budget can “save our economy.” It comes following reports that the…
The Independent says Why has Pep Guardiola never managed to win in front of an Anfield crowd as a manager?
Liverpool 1 Man City 0: Pep Guardiola’s side suffer first defeat after Salah winner and fuming Jurgen Klopp is sent off
Monday’s front pages, similar to the weekend, are not an easy read for prime minister Liz Truss. Most papers lead with reports that Tory MPs are plotting to oust the PM.
There have been at least five explosions across the Ukrainian capital Kyiv.
Flooding in Nigeria has become a disaster that has killed more than 600 people.
The new chancellor will deliver parts of his medium-term fiscal plan later today, the Treasury has said.
A man has died in a suspected gas explosion near Denny in central Scotland.
A protester in Manchester was dragged into Chinese consulate grounds and beaten up.
Sunday Mirror – Tories want Big Ben for PM Summary of the front page The Sunday Mirror asks: “What’s next for Britain?” amid the current reports that Tories are plotting to oust prime minister Liz Truss – just five weeks into her premiership. The paper says “rattled” Tories want Defence Secretary Ben Wallace to replace Liz Truss as prime minister. Some of the MPs turning on Liz Truss want Wallace to “step in”, the paper claims,…
Sunday Express – Secret plot to oust PM Summary of the front page The Sunday Express leads with a “secret plot to oust” prime minister Liz Truss. The paper says it has been told that around 100 MPs are backing a plan to bring the PM’s “catastrophic” stint in No 10 to an end and appoint her successor without a contest.” The paper claims that it has now emerged that sacked chancellor Kwasi Kwarteng had argued…
Daily Star Sunday – Fairy wail of New York Summary of the front page The Daily Star Sunday’s main story is about the Pogues singer Shane MacGowan and his “greatest fear” – fairies. The paper is one of few that isn’t leading with UK politics. The showbiz exclusive goes on to reveal an area the musician calls the “Fairy Fort” near his old family home in Ireland, which he claims people have entered in the…
The Observer – Tories in talks to oust Truss Summary of the front page The Observer’s front page leads with the reports that Tory MPs are plotting to oust prime minister Liz Truss after her rocky first five weeks in office. The paper quotes senior Tories as describing the plans to boot the prime minister from No 10 as a “rescue mission”. The Observer notes that a group of MPs are due to meet on…
This week’s Sunday papers are an uncomfortable reading for the prime minister.
Tories in crisis: Can Liz Truss save her job? Her political journey has been a strange one, from Liberal Democrat to Conservative, Remainer to Brexit enthusiast, it’s hard to imagine Liz Truss walking through the famous black door of No 10. But just five weeks ago, she did. And as quickly as she moved into No 10 – she might be preparing to move back out. The Liz Truss era has had a truly awful…
Taking place in the Cluj Napoca region of Romania, the conference brings together international leaders to discuss and plan the future growth of the award worldwide. Taking place in the Cluj Napoca region of Romania, the conference brings together international leaders to discuss and plan the future growth of the award worldwide.
At least 14 workers were killed and 28 others injured in a deadly coal mine blast in Turkey in northwestern Turkey on Friday, the country’s interior minister said. Scores of workers were still stranded underground in two locations 300 and 350 meters below sea level, as of Friday evening. The accident occurred at 6 p.m. local time in the town of Amasra, in the Black Sea province of Bartin. “Our hope is that the loss…
Liz Truss fails to acknowledge mistakes, blames market reaction The PM has delivered her speech on her disastrous mini-budget. Liz Truss said she wants to deliver growth and for the UK to become a country where people can get good jobs, arguing that the UK has been held back. “I want to deliver a low tax, high growth economy”, she says. The PM says she will keep the increase in corporation tax, which will raise…
LIVE – PM press conference on mini-budget U-turn, chaos and crisis for Liz Truss and the markets
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.
Chancellor Kwasi Kwarteng sacked Chancellor Kwasi Kwarteng has reportedly been sacked by PM Liz Truss following the backlash from the mini-budget, according to sources speaking to Sky News. Truss appears to have scapegoated the chancellor, and thrown him under the bus despite his mini-budget being agreed on and signed off by the PM. Truss had defended the budget only a few days ago. She is expected to address the nation this afternoon and many…
The Independent – Truss gets ready to make another U-turn on tax Summary of the front page The Independent headline: Truss gets ready to make another U-turn on tax Liz Truss is poised to reverse yet more elements of Kwasi Kwarteng’s mini-budget, with a U-turn on corporation tax expected this weekend, writes The Independent. The paper says s reversal looms, Chancellor Kwasi Kwarteng has declared ‘I’m not going anywhere’ – rejecting suggestions he should step…
Metro – Nurse Lucy Letby trial – ‘I am evil, I did this’ Summary of the front page The headline: Nurse Lucy Letby trial – ‘I am evil, I did this’ A court has heard that a nurse accused of murdering seven babies wrote a message on a Post-it note saying she killed them on purpose, reports the Metro. Nurse Lucy Letby wrote: “I am evil I did this.” The paper writes how Letby’s lawyer…
The Guardian – Truss prepares new mini-budget U-turn in latest blow to authority Summary of the front page The Guardian – Truss prepares new mini-budget U-turn in latest blow to authority Liz Truss has bowed to intense pressure from Tory MPs and the markets by agreeing to redraw the government’s mini-budget, writes The Guardian. If the PM backs down from her plan not to increase corporation tax it could seal her fate – as that…
