Truss’s critics never cared about balancing the books – they just didn’t want tax cuts

What joy it brought on the Left when Kwasi Kwarteng’s mini-Budget crashed and burned, taking the former Chancellor, as well as Prime Minister Liz Truss and their economic advisory team with it. But gradually the penny is dropping. The end result will displease the left far more: an autumn statement bringing deep cuts to public spending. … Read more

Liz Truss’s phone hacked for top-secret info in suspected Russian attack

Liz Truss’s personal phone was hacked for top-secret information by suspected Russian agents, according to the Mail on Sunday. The attackers are said to have gained access to details of negotiations with international allies, as well as private messages exchanged with her close friend Kwasi Kwarteng. The hack was uncovered during the Tory leadership campaign … Read more

Liz Truss’ empty ambition put her in power — and shattered her – POLITICO

Press play to listen to this article Tanya Gold is a freelance journalist. Liz Truss resigned as prime minister on the 45th day of her tenure. As I write, the day after, the Tory Party — Britain’s “natural party of government” for two centuries — is polling at 14 percent. They may go lower, and they will … Read more

Sunak and Hunt favourites in battle to replace Liz Truss

Liz Truss has only been in Number 10 for less than two months, but speculation is already mounting that her days as Prime Minister could be numbered. Reports have emerged that certain Tory MPs are plotting to replace her with a unity candidate in the wake of the economic and political turmoil sparked by Kwasi … Read more

London politics latest LIVE: Third MP calls for Truss to go saying she ‘undermined Britain’s economic credibility’

A third Tory MP has now called on the PM to step down as pressure grows on the Prime Minister. Jamie Wallis, the MP for Bridgend and Porthcaw, said: “In recent weeks, I have watched as the Government has undermined Britain’s economic credibility & fractured our Party irreparably. “Enough is enough. I have written to … Read more

‘Send off the clowns’ – Labour launches new attacks on Tories as party gears up for election

T he Labour Party is looking to capitalise on the Government crisis with a series of scathing new adverts as it gears up for the next general election. In four scathing posters, seen by the PA news agency, Labour attacks the Conservatives for damaging the UK’s standing on the world stage, hiking mortgages and crashing … Read more

Furious Tories conclude that Liz Truss is finished – POLITICO

Press play to listen to this article LONDON — In six short weeks, Liz Truss has succeeded in angering all wings of her party. Most now agree she can’t fight the next election. Britain’s latest prime minister, who won a Tory leadership contest with promises of tax cuts and “growth, growth, growth,” by Friday had … Read more

Liz Truss clings to power after axing Kwasi Kwarteng

But scores of Tory MPs were privately dismissive of the idea that Ms Truss had secured her position, with plotting among some critics accelerating. One former Cabinet minister said sacking Mr Kwarteng was not enough, adding: “Fundamentally, it doesn’t change the core politics. It wasn’t Kwasinomics, it was Trussonomics.” Another long-serving former minister said: “What … Read more

What Jeremy Hunt as Chancellor means for your finances

Personal Tax The plan to cut the basic rate of income tax from 20pc to 19pc from next April is still in place. In the Tory premiership race this summer, Jeremy Hunt told The Telegraph: “I would love to see income tax cut, but it has to be done in a way that is sustainable. … Read more

London politics latest LIVE: Liz Truss U-turns on corporation tax after Kwasi Kwarteng sacked

L iz Truss tore up the mini budget with an £18 billion corporation tax U-turn after sacking Kwasi Kwarteng as Chancellor on Friday. The reversal came as the prime minister held a press conference after a tumultuous day where she sacked Mr Kwarteng, one of her closest allies, and appointed Jeremy Hunt as Chancellor his … Read more