All the updated news related to mini budget

All the news related to mini budget updated in real time

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Scottish Tory leader urges party to unite as he backs under-fire PM

Scottish Conservative leader Douglas Ross has said the Tories need to “be united” as he gave his backing to under-fire Prime Minister Liz Truss. Mr Ross, who was a vocal critic of the PM’s predecessor Boris Johnson during his time in Number 10, was ...

05 Oct 2022 at 11:43

£2 taken from households in ‘stealthy’ freezes for every £1 in tax cuts – IFS

Households will lose more from “opaque and stealthy” freezes over the next three years than they will gain from headline tax cuts on average, according to the Institute for Fiscal Studies (IFS). By 2025–26, the freezes will take away £2 for every ...

06 Oct 2022 at 01:01

Chancellor to hold talks with bank chiefs amid mortgage rate surge

The Chancellor is to meet with the UK’s banks and building societies amid turmoil in the mortgage sector sparked by the mini-budget market chaos. Kwasi Kwarteng will sit down with senior executives from high street lenders and the largest ...

06 Oct 2022 at 09:33

Volatility of sterling disrupts winter sun holiday planning – survey

The sterling’s volatility is affecting the plans of millions of people planning winter sun holidays, a new survey has suggested. The plans of 59% of UK adults previously considering booking a foreign holiday have been affected by the ...

08 Oct 2022 at 01:01

Liz Truss and Kwasi Kwarteng U-turn on scrapping 45p tax rate

Liz Truss and Kwasi Kwarteng have abandoned a plan to abolish the top rate of income tax for the highest earners in an astonishing U-turn. The Chancellor acknowledged that their desire to borrow billions to axe the 45% rate on ...

03 Oct 2022 at 12:08

Chancellor expected to U-turn on scrapping 45p tax rate

Chancellor Kwasi Kwarteng is expected to make an astonishing U-turn over the abolition of the top rate of income tax for the highest earners. Mr Kwarteng is believed to be preparing to issue a statement on Monday, climbing ...

03 Oct 2022 at 08:29

Liz Truss battles to maintain Cabinet discipline amid U-turns and confusion

Liz Truss was struggling to maintain Cabinet discipline as Conservative critics who forced her U-turn on slashing income tax for the highest earners were accused of a “coup”. Amid bitter infighting at the Conservative ...

04 Oct 2022 at 18:37

Truss still wants to bring top rate of income tax down despite U-turn

Liz Truss has said she still wants the top rate of income tax for the highest earners to be lower just a day after being forced into a U-turn to stave off a Conservative revolt. The Prime Minister said she backed ...

04 Oct 2022 at 14:21

From tax-cutting triumphalism to ditching the plans, how Kwasi Kwarteng U-turned

Liz Truss and Kwasi Kwarteng rode out extraordinary financial turmoil and drastic poll slumps for the Tories – even going as far as doubling down on their plans to cut income tax for the richest. But, as the ...

03 Oct 2022 at 13:39

Liz Truss has confidence in Kwasi Kwarteng despite 45p tax rate U-turn

Liz Truss is standing by Chancellor Kwasi Kwarteng after they abandoned their plan to abolish the top rate of income tax for the highest earners in an astonishing U-turn. Downing Street said the Prime ...

03 Oct 2022 at 16:46

Treasury deletes first-time buyer tweet after criticism from Martin Lewis

Personal Finance

Martin Lewis hits out at ‘irresponsible’ messaging over first-time buyer savings

The Treasury has deleted a tweet about the potential savings that a first-time buyer could potentially make in the light of the mini-budget following criticism from consumer champion Martin Lewis. A ...

03 Oct 2022 at 17:46

Devolved administrations call for urgent talks with Chancellor

Chancellor Kwasi Kwarteng is facing a call for urgent talks with the devolved administrations amid warnings their vital public services are at risk in the wake of the financial turmoil unleashed by ...

01 Oct 2022 at 13:52

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