The pound plummets as markets revolt against Kwasi Kwarteng’s mini-budget
The government’s programme has cost the UK dearly, even before the first pound is borrowed.
ByKwasi Kwarteng
The rich are the biggest winners from Kwasi Kwarteng’s mini-Budget
Those earning over £200,000 will receive a tax cut of £4,000.
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The mini-Budget left both Tory and Labour MPs stunned
Faced with the remarkable abolition of the 45p tax rate, the House of Commons did not know how to respond.
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Liz Truss has taken the biggest ideological gamble for 40 years
Could a no-holds-barred drive for growth lead voters to return to the Tories?
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The tax cut for top earners isn’t just immoral – it won’t work
How will scrapping the 45p rate pay for itself? The Tories can’t answer that.
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Kwasi Kwarteng has cut tax for the highest earners – will he pay a political price?
Like George Osborne, the new Chancellor has delivered another “tax cut for millionaires” but history suggests Labour may not benefit.
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How high have bankers’ bonuses been since the 2008 crash?
The removal of the cap on bank bonuses could end a period of lower payouts.
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Trussonomics is “a gamble” that breaks all the normal fiscal rules, committee hears
Spending announcements expected in the mini-budget are “unusual, to be polite”, experts tell the Treasury select committee.
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What to expect from Kwasi Kwarteng’s mini-Budget announcement today
Each policy is likely to be justified in terms of one aim: economic growth.
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Why the UK is vulnerable to high interest rates
Britain does not want the fever of inflation – but it is unprepared for the cure.
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The Truss government is planning to make the rich richer
The tax cuts to be announced on Friday will hand a much greater proportion of income back to those who…
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The meaning of Trussonomics: prevent a recession, then stake everything on growth
All governments want higher growth but few put the incentives in place to achieve it.
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Liz Truss’s free-market experiment is a threat to economic stability
If the Prime Minister is really serious about boosting growth she should reverse Brexit.
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Trussonomics gives Labour a golden opportunity
The new prime minister has no agenda for redistribution, only for market-led growth.
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What the Queen’s death has revealed about news
As coverage focuses on the Queen’s funeral, events in Whitehall and Ukraine are determining Britain’s future.
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Bankers can thank Brexit for their unlimited bonuses
The Chancellor is trying to keep talent in a financial sector that is losing ground to the EU.
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The sacking of Tom Scholar sets a dangerous precedent
If officials become unwilling to confront ministers with inconvenient truths, worse decisions will be made.
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What’s really behind Kwasi Kwarteng’s sacking of Tom Scholar?
The Chancellor wants a more “pro-growth” Treasury. The unspoken tension is how Brexit obstructs that aim.
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