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Sat, 9 December 2023

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Articles tagged with: Kwasi Kwarteng
Top Tory Says Benefits Freeze 'Doesn't Make Any Sense' As Liz Truss Faces Further Rebellion
Political parties
Top Tory Says Benefits Freeze "Doesn't Make Any Sense" As Liz Truss Faces Further Rebellion
Dissent is mounting among senior Conservative MPs over Liz Truss's refusal to confirm whether Universal Credit will rise in line with inflation, raising the prospect of further rebellion in the party.
Kwasi Kwarteng Admits Mini-Budget Caused “A Little Turbulence” As He Seeks To Reassure Tory MPs
Economy
Kwasi Kwarteng Admits Mini-Budget Caused “A Little Turbulence” As He Seeks To Reassure Tory MPs
The Chancellor Kwasi Kwarteng sought to reassure Tory MPs and the financial markets over the government’s fiscal policy after he U-turned on scrapping the 45p tax rate.
Liz Truss’s unfunded public spending cuts will unleash austerity 2.0
Economy
By Angela Eagle MP
Liz Truss’s unfunded public spending cuts will unleash austerity 2.0
When newly minted Prime Minister Liz Truss tweeted that she was “ready to hit the ground” most of us thought it was an unfortunate twitter malfunction. Little did we realise it was a statement of intent.
Government U-Turns On Scrapping 45p Tax Rate After Major Tory Backlash
Economy
Government U-Turns On Scrapping 45p Tax Rate After Major Tory Backlash
Chancellor Kwasi Kwarteng has announced that the government will not go ahead with its contentious plan to abolish the 45p tax rate after numerous Conservative MPs signalled their opposition.
Tories Admit They Might Not Win The Next Election After Mini-Budget
Political parties
Tories Admit They Might Not Win The Next Election After Mini-Budget
A number of leading Tories have admitted they believe the party could lose the next election as the Conservative Party Conference got underway in Birmingham on Sunday following a week of economic chaos.
Tory Rebels Are Already Plotting, Less Than A Month Into Liz Truss's Government
Economy
Tory Rebels Are Already Plotting, Less Than A Month Into Liz Truss's Government
After only weeks in office, the new Prime Minister is heading to Conservative party conference in Birmingham haunted by ominous opinion polls and irate Tory MPs.
Economists Don't Think Government Can Deliver Big Enough Spending Cuts To Calm Markets
Economy
Economists Don't Think Government Can Deliver Big Enough Spending Cuts To Calm Markets
Economists have warned there is a "credibility gap" between government and markets on the scale of "efficiency savings" ministers will be able to deliver to pay for tax cuts announced in Kwasi Kwarteng's "mini-Budget".
Several Top Tories Are Staying Away From Party Conference As Crisis Deepens
Political parties
Several Top Tories Are Staying Away From Party Conference As Crisis Deepens
Former Conservative leadership contenders and ex-ministers are among a number of MPs swerving party conference this weekend, against a backdrop of plunging poll ratings and deepening economic crisis in the wake of Kwasi Kwarteng's sweeping tax cuts.
Time is running out for our party to show we deserve to stay in government
Economy
By Peter Aldous MP
Time is running out for our party to show we deserve to stay in government
This week’s economic fallout from the Chancellor’s statement on 23 September has been painful to watch.
Treasury Committee Chief Worries 'Circle Cannot Be Squared' In Economic Crisis Crunch Meeting
Economy
Treasury Committee Chief Worries "Circle Cannot Be Squared" In Economic Crisis Crunch Meeting
Economic watchdog the Office for Budget Responsibility could tell the Prime Minister and Chancellor that “the circle cannot be squared” to balance sweeping tax cuts at a meeting today, the Chair of the Treasury Select Committee has warned.
The government must restore economic confidence as the markets spin out of control
Economy
By Baroness Altmann
The government must restore economic confidence as the markets spin out of control
Yesterday’s extraordinary intervention by the Bank of England in the United Kingdom government bond market is a clear U-turn.
Tory MPs Told To Say Government's Economic Plan Is 'Responsible' In Leaked Briefing Note
Economy
Tory MPs Told To Say Government's Economic Plan Is 'Responsible' In Leaked Briefing Note
Exclusive: Conservative MPs have been told by party bosses to insist that the government's approach to the economy is "responsible".
Liz Truss Defends 'Controversial' Tax Cuts After Drastic Bank Of England Bail-Out
Economy
Liz Truss Defends "Controversial" Tax Cuts After Drastic Bank Of England Bail-Out
Liz Truss has defended the government's "controversial" mini-Budget which caused the pound to plummet in value, insisting that growth won't happen "overnight".

Boosting economic growth is a worthy idea – but the Chancellor’s plan was always ill-fated
Economy
By Mark Garnier MP
Boosting economic growth is a worthy idea – but the Chancellor’s plan was always ill-fated
There’s no doubt about it. Just three weeks into Liz Truss’s new premiership, she and her Chancellor are certainly hogging the headlines.
Labour MP Rupa Huq Suspended For Calling Kwasi Kwarteng “Superficially A Black Man”
Political parties
Labour MP Rupa Huq Suspended For Calling Kwasi Kwarteng “Superficially A Black Man”
Labour MP Rupa Huq has been administratively suspended from the party after calling the Chancellor Kwasi Kwarteng "superficially" black.
Horrified Tories Berate 'Consequences' Of Tax Cuts After Value Of Pound Tumbled
Economy
Horrified Tories Berate "Consequences" Of Tax Cuts After Value Of Pound Tumbled
A wave of discontent is building among some Conservative MPs after the value of the pound has reached a historic low in the wake of sweeping tax cuts announced in Chancellor Kwasi Kwarteng's "mini budget".
Rachel Reeves Pitches Labour As Party Of Economic 'Responsibility' As Government Faces Pound Crisis
Economy
Rachel Reeves Pitches Labour As Party Of Economic "Responsibility" As Government Faces Pound Crisis
Shadow Chancellor Rachel Reeves has pitched Labour as the “party of economic responsibility” against a backdrop of fiscal chaos as the pound continued to collapse in the wake of Kwasi Kwarteng's sweeping tax cuts.

Labour Likens Tory 'Mini Budget' Fallout To Black Wednesday Economic Crash
Economy
Labour Likens Tory "Mini Budget" Fallout To Black Wednesday Economic Crash
Kwasi Kwarteng's "mini budget" and the subsequent fall of the pound is like the Black Wednesday economic collapse, a senior member of the Shadow Cabinet has said.
Keir Starmer Commits To Reversing Government Scrapping Of 45p Top Tax Rate
Political parties
Keir Starmer Commits To Reversing Government Scrapping Of 45p Top Tax Rate
Labour leader Sir Keir Starmer has said he would reverse the decision to abolish the top rate of income tax, but would keep the Government’s planned cut to the basic rate.
Partner content
Transport
By Railway Industry Association
RIA responds to the Chancellor's 'mini-budget'
HTA responds to mini-budget and cost of doing business measures Partner content
Economy
By Horticultural Trades Association
HTA responds to mini-budget and cost of doing business measures
Commenting on the Chancellor’s announcements today (23/09), Jennifer Pheasey, Director of Public Affairs said:
Partner content
Economy
By Building Societies Association
BSA comments on the changes to Stamp Duty
Commenting on the changes announced today, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA, said:
Every Announcement In Kwasi Kwarteng’s Not-So-Mini-Budget Explained
Economy
Every Announcement In Kwasi Kwarteng’s Not-So-Mini-Budget Explained
The Chancellor Kwasi Kwarteng unveiled dozens of new measures in his mini-Budget statement to Parliament today, from tax cuts to benefit changes and bankers’ bonuses as he ripped up the economic rulebook used by previous Conservative administrations.
Partner content
Economy
By Chartered Management Institute
Response to Kwasi Kwarteng's Budget speech from The Chartered Management Institute
Anthony Painter, CMI's Director of Policy, said: