London politics LIVE: Kwasi Kwarteng facing Tory backlash as Bank of England steps in to stabilise markets

C hancellor Kwasi Kwarteng faced a growing revolt on Wednesday as a senior Tory MP slammed the “inept madness” in his mini-Budget which sent the pound plunging. After an emergency intervention by the Bank of England to protect Britain’s financial stability, Simon Hoare MP tweeted: “In the words of Norman Lamont on Black Wednesday: “today … Read more

Mini-budget latest LIVE: Kwasi Kwarteng set to announce tax cuts for millions

K wasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts – including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event” on Friday morning. The … Read more