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#Kwasi Kwarteng

# kwasi-kwarteng - This month November 2022

British Prime Minister Rishi Sunak ‘to cut defence spending in real terms’ as inflation soars
# Defence Spending
# Defence Spending

British Prime Minister Rishi Sunak ‘to cut defence spending in real terms’ as inflation soars

Nov 12th 2022, 7:13 AM 9,689 Views 2 Comments

The allowance for all departments, including the Ministry of Defence, will rise in line with the 2021 spending review, according to reports.

Kwasi Kwarteng told Liz Truss her decision to sack him was 'mad'
# Tax Cuts
# Tax Cuts

Kwasi Kwarteng told Liz Truss her decision to sack him was 'mad'

Nov 11th 2022, 8:38 AM 20,369 Views 12 Comments

He also advised Truss to “slow down” her radical economic reforms.

# kwasi-kwarteng - Last month October 2022

UK's embattled PM Liz Truss told: 'The game is up'
# Liz Truss
# Liz Truss

UK's embattled PM Liz Truss told: 'The game is up'

Oct 16th 2022, 5:21 PM 61,419 Views 29 Comments

‘I think the game is up, and it’s now a question as to how the succession is managed,’ said a senior Tory MP.

Truss sacks Kwarteng and makes another mini-budget u-turn in bid to save her premiership
# UK Politics
# UK Politics

Truss sacks Kwarteng and makes another mini-budget u-turn in bid to save her premiership

Updated Oct 14th 2022, 5:36 PM 94,391 Views 80 Comments

Truss has appointed Jeremy Hunt as the new Chancellor of the Exchequer.

Liz Truss holds seven-minute press conference after sacking her Chancellor
Live Oct 14th 2022, 3:07 PM

Liz Truss holds seven-minute press conference after sacking her Chancellor

Kwarteng says 'pressure' of Queen Elizabeth's death influenced controversial mini-budget
# UK
# UK

Kwarteng says 'pressure' of Queen Elizabeth's death influenced controversial mini-budget

Oct 4th 2022, 4:03 PM 23,056 Views 27 Comments

The British Chancellor said it was important to place the mini-budget in the “context” of the Queen’s death and funeral.

British Chancellor shrugs off ‘little turbulence’ after 45p tax rate u-turn
# U-turn
# U-turn

British Chancellor shrugs off ‘little turbulence’ after 45p tax rate u-turn

Updated Oct 3rd 2022, 10:09 PM 84,392 Views 51 Comments

Kwasi Kwarteng delivered his Tory conference speech just hours after abandoning the plan in an effort to stave off a mounting Tory revolt.

Truss admits mistakes over mini-budget but stands by tax-cutting package
# Tory Conference
# Tory Conference

Truss admits mistakes over mini-budget but stands by tax-cutting package

Updated Oct 2nd 2022, 9:43 AM 26,829 Views 21 Comments

Truss rejected calls to sack Chancellor Kwasi Kwarteng over his mini-budget turmoil.

Kwarteng defends mini-budget as devolved administrations call for urgent talks
# MARKET MELTDOWN
# MARKET MELTDOWN

Kwarteng defends mini-budget as devolved administrations call for urgent talks

Updated Oct 1st 2022, 2:14 PM 17,818 Views 19 Comments

Liz Truss has admitted the Government caused ‘disruption’ of the markets, but insisted they were right to act.

# kwasi-kwarteng - September September 2022

Liz Truss endures local radio blitz and defends mini-budget despite market turmoil
# MARKET MELTDOWN
# MARKET MELTDOWN

Liz Truss endures local radio blitz and defends mini-budget despite market turmoil

Updated Sep 29th 2022, 10:32 AM 33,168 Views 34 Comments

The Prime Minister defended Chancellor Kwasi Kwarteng’s measures, despite admitting the Government’s decisions have been ‘controversial’.

Bank of England launches emergency bond-buying action as UK borrowing costs soar

Bank of England launches emergency bond-buying action as UK borrowing costs soar

Updated Sep 28th 2022, 1:29 PM 28,659 Views 14 Comments

It comes after the International Monetary Fund called on the UK government to ‘reevaluate’ its tax-cutting strategy.

UK Chancellor hopes to reassure investors by promising to work with Bank of England
# Truss Policy Backlash
# Truss Policy Backlash

UK Chancellor hopes to reassure investors by promising to work with Bank of England

Updated Sep 27th 2022, 1:00 PM 22,728 Views 13 Comments

The UK Treasury moved to settle the markets with the promise of a Budget next spring as the pound tumbled against the dollar.

Bank of England will change rates ‘as much as needed’ to control inflation
# Interest Rates
# Interest Rates

Bank of England will change rates ‘as much as needed’ to control inflation

Sep 26th 2022, 5:12 PM 12,511 Views 6 Comments

The pound crashed on Friday and Monday after the British Chancellor’s mini-budget.

UK Government to push on with tax cuts as pound hits all-time low against dollar
# Kwasi Kwarteng
# Kwasi Kwarteng

UK Government to push on with tax cuts as pound hits all-time low against dollar

Updated Sep 26th 2022, 1:52 PM 39,734 Views 30 Comments

Neither Chancellor Kwasi Kwarteng nor Liz Truss are currently expected to publicly address the major market shift.

Truss defends vast tax cuts will herald 'decade of dynamism' amid hostile reception
# UK
# UK

Truss defends vast tax cuts will herald 'decade of dynamism' amid hostile reception

Updated Sep 24th 2022, 7:16 PM 30,898 Views 23 Comments

British Chancellor Kwasi Kwarteng unveiled the biggest programme of tax cuts for 50 years yesterday.

Trussonomics: UK Chancellor’s budget marks sharp break in economic policy
# UK Budget
# UK Budget

Trussonomics: UK Chancellor’s budget marks sharp break in economic policy

Sep 23rd 2022, 6:06 PM 14,997 Views 8 Comments

Liz Truss sat nodding approvingly as the Chancellor announced a multi-billion pound package of tax cuts.

# kwasi-kwarteng - April April 2022

Criminal inquiry into P&O Ferries launched
# Sackings
# Sackings

Criminal inquiry into P&O Ferries launched

Apr 1st 2022, 3:17 PM 14,323 Views 11 Comments

P&O Ferries sacked nearly 800 seafarers and replaced them with cheaper agency workers on March 17.