Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Wednesday 22 March 2023 Dublin: 10°C

# Kwasi Kwarteng

Last year
# Defence spending
British Prime Minister Rishi Sunak ‘to cut defence spending in real terms’ as inflation soars
The allowance for all departments, including the Ministry of Defence, will rise in line with the 2021 spending review, according to reports.
# Tax Cuts
Kwasi Kwarteng told Liz Truss her decision to sack him was 'mad'
He also advised Truss to “slow down” her radical economic reforms.
# liz truss
UK's embattled PM Liz Truss told: 'The game is up'
‘I think the game is up, and it’s now a question as to how the succession is managed,’ said a senior Tory MP.
# UK Politics
Truss sacks Kwarteng and makes another mini-budget u-turn in bid to save her premiership
Truss has appointed Jeremy Hunt as the new Chancellor of the Exchequer.
Liz Truss holds seven-minute press conference after sacking her Chancellor
In a major u-turn, Truss has confirmed she is reversing her policy to scrap the rise in corporation tax from 19% to 25%.
# UK
Kwarteng says 'pressure' of Queen Elizabeth's death influenced controversial mini-budget
The British Chancellor said it was important to place the mini-budget in the “context” of the Queen’s death and funeral.
# u-turn
British Chancellor shrugs off ‘little turbulence’ after 45p tax rate u-turn
Kwasi Kwarteng delivered his Tory conference speech just hours after abandoning the plan in an effort to stave off a mounting Tory revolt.
# tory conference
Truss admits mistakes over mini-budget but stands by tax-cutting package
Truss rejected calls to sack Chancellor Kwasi Kwarteng over his mini-budget turmoil.
Kwarteng defends mini-budget as devolved administrations call for urgent talks
Liz Truss has admitted the Government caused ‘disruption’ of the markets, but insisted they were right to act.
Liz Truss endures local radio blitz and defends mini-budget despite market turmoil
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
It comes after the International Monetary Fund called on the UK government to ‘reevaluate’ its tax-cutting strategy.
# truss policy backlash
UK Chancellor hopes to reassure investors by promising to work with Bank of England
The UK Treasury moved to settle the markets with the promise of a Budget next spring as the pound tumbled against the dollar.
# Interest Rates
Bank of England will change rates ‘as much as needed’ to control inflation
The pound crashed on Friday and Monday after the British Chancellor’s mini-budget.
# Kwasi Kwarteng
UK Government to push on with tax cuts as pound hits all-time low against dollar
Neither Chancellor Kwasi Kwarteng nor Liz Truss are currently expected to publicly address the major market shift.
# UK
Truss defends vast tax cuts will herald 'decade of dynamism' amid hostile reception
British Chancellor Kwasi Kwarteng unveiled the biggest programme of tax cuts for 50 years yesterday.
# UK Budget
Trussonomics: UK Chancellor’s budget marks sharp break in economic policy
Liz Truss sat nodding approvingly as the Chancellor announced a multi-billion pound package of tax cuts.
# Sackings
Criminal inquiry into P&O Ferries launched
P&O Ferries sacked nearly 800 seafarers and replaced them with cheaper agency workers on March 17.