# Kwasi Kwarteng

Last year

2022

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.

9.7k

Nov 12th 2022, 7:13 AM

# 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.

20.4k

Nov 11th 2022, 8:38 AM

# 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.

61.4k

Oct 16th 2022, 5:21 PM

# 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.

94.4k

Updated

Oct 14th 2022, 5:36 PM

AS IT HAPPENED

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%.

27.1k

Updated

Oct 14th 2022, 3:07 PM

# 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.

23.1k

Oct 4th 2022, 4:03 PM

# 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.

84.4k

Updated

Oct 3rd 2022, 10:09 PM

# 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.

26.8k

Updated

Oct 2nd 2022, 9:43 AM

# MARKET MELTDOWN

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.

17.8k

Updated

Oct 1st 2022, 2:14 PM

# MARKET MELTDOWN

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’.

33.2k

Updated

Sep 29th 2022, 10:32 AM

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.

28.7k

Updated

Sep 28th 2022, 1:29 PM

# 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.

22.7k

Updated

Sep 27th 2022, 1:00 PM

# 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.

12.5k

Sep 26th 2022, 5:12 PM

# 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.

39.7k

Updated

Sep 26th 2022, 1:52 PM

# 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.

30.9k

Updated

Sep 24th 2022, 7:16 PM

# 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.

15.0k

Sep 23rd 2022, 6:06 PM

# 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.

14.3k

Apr 1st 2022, 3:17 PM