House prices drop at fastest rate since pandemic after mini-Budget chaos

House prices drop at fastest rate since pandemic after mini-Budget chaos

T he full disastrous scale of the fallout from Kwasi Kwarteng’s mini-Budget was laid bare today as it emerged that house prices fell at their fastest rate since the depths of the pandemic last month while demand for mortgages halved. Britain’s biggest building society Nationwide said the average prices of a home in the UK … Read more

first Liz Truss biography reveals the warnings ignored

first Liz Truss biography reveals the warnings ignored

Her first ministerial job set the pattern. In 2012, Truss breezed into the Education Department with a plan to deregulate childcare: Michael Gove called her a “firecracker”; Dominic Cummings, a “human hand grenade”. One special advisor recalled her “weird manner, where she has a glint in her eye and she thinks she’s being edgy or … Read more

Sunak favourite in battle to replace Liz Truss

Sunak favourite in battle to replace Liz Truss

The race to replace Liz Truss as Prime Minister is under way after she announced her resignation on Thursday. A new leader of the Conservative Party will be in place by Friday, October 28, leaving any candidates just a week to win over MPs and the party membership. Bookmakers are placing Rishi Sunak as the … Read more

Live: Outside No 10 after Liz Truss resigns as prime minister – The Independent

Live: Outside No 10 after Liz Truss resigns as prime minister – The Independent

Live: Outside No 10 after Liz Truss resigns as prime minister  The Independent Liz Truss resigns as UK prime minister: Live updates  CNN With Liz Truss Flailing, Jeremy Hunt Needs to Show Leadership  Bloomberg Opinion | Truss and Kwarteng Believed in Markets. Markets Did Not Believe in Them.  The New York Times View Full Coverage on Google News

Sunak and Hunt favourites in battle to replace Liz Truss

Sunak and Hunt favourites in battle to replace Liz Truss

Liz Truss has only been in Number 10 for less than two months, but speculation is already mounting that her days as Prime Minister could be numbered. Reports have emerged that certain Tory MPs are plotting to replace her with a unity candidate in the wake of the economic and political turmoil sparked by Kwasi … Read more

‘Send off the clowns’ – Labour launches new attacks on Tories as party gears up for election

‘Send off the clowns’ – Labour launches new attacks on Tories as party gears up for election

T he Labour Party is looking to capitalise on the Government crisis with a series of scathing new adverts as it gears up for the next general election. In four scathing posters, seen by the PA news agency, Labour attacks the Conservatives for damaging the UK’s standing on the world stage, hiking mortgages and crashing … Read more

‘Send off the clowns’ – Labour launches new attacks on Tories as party gears up for election

‘Send off the clowns’ – Labour launches new attacks on Tories as party gears up for election

T he Labour Party is looking to capitalise on the Government crisis with a series of scathing new adverts as it gears up for the next general election. In four scathing posters, seen by the PA news agency, Labour attacks the Conservatives for damaging the UK’s standing on the world stage, hiking mortgages and crashing … Read more

London politics latest LIVE: Jeremy Hunt warns of ‘tough decisions’ ahead as he begins new role

London politics latest LIVE: Jeremy Hunt warns of ‘tough decisions’ ahead as he begins new role

N ew Chancellor Jeremy Hunt has warned there will be “difficult decisions” ahead on tax and spending on Saturday. Speaking to Sky News, Mr Hunt, twice a Tory leadership contender, wasted no time in criticising the mini-budget but endorsed the “fundamentals” of the push for growth. He added: “Spending will not go up as much … Read more

Kwasi Kwarteng arrives back in UK as he heads for crisis talks with Liz Truss

Kwasi Kwarteng arrives back in UK as he heads for crisis talks with Liz Truss

Mel Stride, the Tory chairman of the Treasury Select Committee, has insisted Kwasi Kwarteng should remain in post as he argued the Chancellor needs to be “given space”.  Asked if Mr Kwarteng should go, he said: “No, I think he needs to be given space. I think the last thing we need at this moment … Read more

‘I’m not going anywhere’ as Liz Truss set to reverse tax cut

‘I’m not going anywhere’ as Liz Truss set to reverse tax cut

Alterations to the mini-Budget could be announced within days rather than waiting for the wider “medium-term fiscal plan” on Oct 31, it is understood. On Thursday, a string of supportive MPs met with Prime Minister in Number 10 as they pleaded with her to stick by her original tax-slashing policies. But other despairing Tories were … Read more