kwasi kwarteng

Government Suggests Benefits Won't Rise In Line With Inflation After All

Rishi Sunak had pledged to increase benefit and pension payments next April.
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Tony Blair Institute Says Kwasi Kwarteng's Plan 'Looks Set To Fail'

"The government’s growth plan is all pain, little gain for the UK taxpayer and our economy.”
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Liz Truss To Break Silence After Going 'Missing' Since The Pound Collapsed

Prime minister agrees to a round of local radio interviews.
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Austerity Returns As Whitehall Departments Told To Find Savings To Help Rescue Markets

Kwasi Kwarteng deputy tells secretaries of state to identify efficiencies and reprioritise spending plans.
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Is Government To Blame For Market Turmoil? No, Says Minister Sent To Bat For Truss And Kwarteng

Radical tax cuts glossed over as Andrew Griffith says "every major economy" is dealing with the effect of Putin's invasion of Ukraine.
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'This Inept Madness Cannot Go On': Tory MP Blasts Truss As Markets Recoil At Tax Cuts

Simon Hoare's intervention comes amid mounting criticism of the government economic strategy.
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Keir Starmer Condemns 'Racist' Comment By Labour MP Who Said Kwasi Kwarteng Was 'Superficially Black'

Rupa Huq has apologised after losing the party whip over the remarks.
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International Monetary Fund Urges UK To Reverse Huge Tax Cuts. Here's Why It Matters

In a rare intervention involving a developed country’s economic policy, the world’s lender of last resort rebukes the Truss and Kwarteng plan.
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Economist Blasts The 'Raging Incompetence' Of Truss And Kwarteng

David Blanchflower, who sat on the Bank of England’s monetary policy committee, questions whether the prime minister and chancellor will survive.
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Why Did The Pound Drop?

And just what is going with interest rates?
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