Politics

Liz Truss’s premiership is hanging by a thread after an extraordinary day in Westminster that saw a cabinet minister resign and a Commons motion descend into chaos with allegations of “manhandling and bullying”. The unprecedented events have led to some Tory MPs declaring the Conservative party is “finished”, with one hitting out at the “talentless

Liz Truss has pulled out of a planned event this afternoon, during which she was due to take questions from journalists. Downing Street has not given any reason for the canning of the trip to an electronics manufacturer. A source said the visit was cancelled due to “government business”, but declined to elaborate further. Politics

It’s a sign of how bad things are for the new prime minister that only her third Prime Minister’s Questions is being billed as a potentially defining moment in her short premiership. MPs tell me that how Liz Truss performs at the dispatch box against Sir Keir Starmer at their weekly joust will be an

The majority of Conservative Party members want Liz Truss to resign now – just six weeks after voting her in – and former PM Boris Johnson topped the list, among those asked, on who would be best to replace her, a new poll has found. A YouGov poll of Tory members found 55% would now

Liz Truss has apologised for the “mistakes” she has made in her first few volatile weeks as prime minister – but insisted she will lead the Tories into the next general election. Speaking for the first time after almost all the tax cuts announced in last month’s mini-budget were scrapped, Ms Truss said: “I recognise

Jeremy Hunt has revealed he is reversing “almost all” of the tax cuts announced in his predecessor’s mini-budget and is scaling back support for energy bills. In an emergency statement, the chancellor said a 1p cut to income tax will be delayed “indefinitely” until the UK’s finances improve instead of being introduced in April 2023

Labour has called for Liz Truss to face parliament today after three Tory MPs broke ranks to demand that she quits. The prime minister is facing calls to resign from within her own party just six weeks after entering Number 10, following the economic turmoil in the wake of the mini-budget. Tory MPs Crispin Blunt,

A senior Tory has accused the government of looking “like libertarian jihadists” and treating the country as “laboratory mice” over the past few weeks. Robert Halfon, former deputy chairman of the Conservative Party and an education minister under Theresa May, said he believes Liz Truss needs to apologise to the public for the economic turmoil

Jeremy Hunt has admitted the government went “too far, too fast” and that he will have to take some “very difficult decisions” on spending and tax to get the economy back up and running. Earlier, the new chancellor admitted there “were mistakes” in Liz Truss and Kwasi Kwarteng’s mini-budget in an interview with Sky News.

The new chancellor Jeremy Hunt has said there “were mistakes” in Liz Truss and Kwasi Kwarteng’s mini-budget. Speaking to Sky News on Saturday, Mr Hunt said: “It was a mistake when we were going to be asking for difficult decisions across the board on tax and spending to cut the rate of tax paid by

So farewell, then, Trussonomics. The demise of the country’s second shortest-lived chancellor also brings with it the demise of the country’s shortest-lived economic movement. Liz Truss came into office promising to boost the country’s growth rate through a forensic combination of tax cuts, reforms to the country’s supply side (for which read: things like planning

Liz Truss has said “I want to be honest, this is difficult” after sacking her chancellor and reversing key policies of her government’s growth plan. In a news conference shortly after dismissing Kwasi Kwarteng, Ms Truss said: “The way we deliver our mission has to change.” Ms Truss said she was “incredibly sorry” to lose

Kwasi Kwarteng will return to the UK from Washington earlier than planned, as another major mini-budget U-turn is expected. The chancellor was due to brief journalists on Friday morning after attending the International Monetary Fund’s annual meeting in Washington, but held the briefing on Thursday night before announcing he will fly home in the next

Discussions are under way in Downing Street over whether to scrap some of the contentious proposals in the chancellor’s tax-cutting mini-budget, Sky News understands. The proposed changes to corporation tax and dividend tax are understood to be under discussion. Downing Street insisted earlier on Thursday that there will be no more U-turns on policies in

UK government borrowing costs have hit a 20-year high after the Bank of England confirmed its emergency bond-buying programme will end on Friday as planned. On Wednesday morning, it said all temporary and targeted purchases of UK government bonds, known as gilts, would stop. This has been the position throughout and has been “made absolutely

Jacob Rees-Mogg has declared his confidence in the governor of the Bank of England, but disputed that pension funds are at “systemic” risk. Speaking to Sky News, the business secretary said “of course” he has confidence in Andrew Bailey, describing him as “respected”. He questioned, however, whether there was a “systemic problem” with pensions after

Renewable energy generators and nuclear power plants face having their revenues capped as part of new government legislation. The Energy Prices Bill will be introduced in the Commons on Wednesday to bring into law its plan to help households and businesses with soaring energy costs over the winter and beyond. But late on Tuesday, the

Sir Keir Starmer has removed his chief of staff as part of a major restructuring of the Labour leader’s office as he moves the party to an “election footing”. In a statement released on Tuesday, the party said the Labour leader held a call with staff this morning alongside the general secretary and announced plans

MPs will return to Westminster on Tuesday after a chaotic conference season, with the chancellor set to face questions for the first time since the fallout from his mini-budget. Parliament has been in recess for over two weeks to allow the parties to hold their annual political gatherings, but will kick off at 2.30pm with

Chancellor Kwasi Kwarteng’s debt-cutting plan will be published on 31 October – three weeks earlier than planned – alongside an independent economic forecast, the Treasury has confirmed. Both the publication of the medium-term financial plan and the forecast by the Office for Budget Responsibility (OBR) had been due on 23 November, but the chancellor has