Politics

The new chancellor Jeremy Hunt has said there “were mistakes” in Liz Truss and Kwasi Kwarteng’s mini-budget. Speaking to Sky News on Saturday, Mr Hunt said: “It was a mistake when we were going to be asking for difficult decisions across the board on tax and spending to cut the rate of tax paid by

Tory MPs appear to be divided over the future of Liz Truss as prime minister following her major U-turn announcement. Ms Truss reversed a key policy to scrap the planned rise in corporation tax from 19% to 25% after she sacked Kwasi Kwarteng as chancellor. Heated messages were shared in Conservative Party WhatsApp groups after

Labour has pledged to ban fracking “once and for all”, calling it “an unjust charter for earthquakes”. The party is working to bring forward an opposition day motion to maintain the ban on the controversial gas extraction method, after Liz Truss said she would lift it as part of her energy security plan. The moratorium

Kwasi Kwarteng has been sacked as chancellor three weeks after his mini-budget unleashed chaos on the economy. He was appointed to the role by Liz Truss only 38 days ago, making him the second-shortest serving chancellor after Iain Macleod, who died a month after being handed the job by Edward Heath. Number 10 announced an

Discussions are under way in Downing Street over whether to scrap some of the contentious proposals in the chancellor’s tax-cutting mini-budget, Sky News understands. The proposed changes to corporation tax and dividend tax are understood to be under discussion. Downing Street insisted earlier on Thursday that there will be no more U-turns on policies in

Liz Truss has pledged not to cut public spending to balance the books in her first PMQs since the chancellor’s contentious mini-budget – despite a leading economics-focused think tank warning the government is billions short of the sums needed. The prime minister insisted she was “absolutely” not planning public spending reductions, but vowed that taxpayers’

Liz Truss has pledged not to cut public spending to balance the books in her first PMQs since the chancellor’s contentious mini-budget – despite a leading economics-focused think tank warning the government is billions short of the sums needed. The prime minister insisted she was “absolutely” not planning public spending reductions, but vowed that taxpayers’

Renewable energy generators and nuclear power plants face having their revenues capped as part of new government legislation. The Energy Prices Bill will be introduced in the Commons on Wednesday to bring into law its plan to help households and businesses with soaring energy costs over the winter and beyond. But late on Tuesday, the

Sir Keir Starmer has removed his chief of staff as part of a major restructuring of the Labour leader’s office as he moves the party to an “election footing”. In a statement released on Tuesday, the party said the Labour leader held a call with staff this morning alongside the general secretary and announced plans

MPs will return to Westminster on Tuesday after a chaotic conference season, with the chancellor set to face questions for the first time since the fallout from his mini-budget. Parliament has been in recess for over two weeks to allow the parties to hold their annual political gatherings, but will kick off at 2.30pm with

Chancellor Kwasi Kwarteng’s debt-cutting plan will be published on 31 October – three weeks earlier than planned – alongside an independent economic forecast, the Treasury has confirmed. Both the publication of the medium-term financial plan and the forecast by the Office for Budget Responsibility (OBR) had been due on 23 November, but the chancellor has

Scottish independence will create a partnership of equals in the UK, Nicola Sturgeon will say in her speech to the SNP conference in Aberdeen today. Ms Sturgeon will bring the three-day event to a close by telling delegates that the nations of the UK and the Republic of Ireland, will “always be the closest of

Cabinet minister Nadhim Zahawi has warned restive Tory MPs that “dither or delay will end in defeat” as he appealed for unity just over a month after Liz Truss took office. Speaking to Sky News, the Chancellor of the Duchy of Lancaster stressed the need for party colleagues to “focus” on delivery or face being

On Thursday, the day after the end of the conference season, YouGov hosted a focus group with seven Blue Wall voters from around the South East exclusively for Sky News. Some natural Conservatives, some former Tony Blair supporters, all with one thing in common: each voted Tory in the 2019 general election. Now their votes

Liz Truss has “showed the world she is unfit to be prime minister” and is a “symptom of the Westminster dysfunction”, SNP’s deputy leader will say in his opening speech at the party conference. Keith Brown will accuse the prime minister of delivering “more chaos and confusion than even the most pessimistic prediction” when he

Liz Truss has sacked trade minister Conor Burns from her government “with immediate effect” following an allegation of serious misconduct. The Tory MP for Bournemouth West has also had the whip suspended while the complaint is investigated. A No 10 spokesman said: “Following a complaint of serious misconduct, the prime minister has asked Conor Burns

A government minister has failed to rule out energy rationing across the UK this winter after warnings three-hour power blackouts could be imposed. Asked on Sky News whether the measure – not seen in the UK since the 1970s – would be brought in, climate minister Graham Stuart said the government did not “expect that

Labour has called for an investigation into the appointment of Liz Truss’s chief of staff, after it was revealed he was questioned as a witness in an FBI bribery inquiry and was initially being paid by Number 10 via his lobbying company. Mark Fullbrook refused to answer questions about the FBI investigation when tracked down

The Bank of England has confirmed it intervened to stabilise the pensions market following the chancellor’s mini-budget as multiple firms which schemes were reliant on faced the prospect of being wound up within hours. Responding to a letter from Treasury Select Committee chairman Mel Stride asking for greater clarity on why the Bank intervened at

The plane flying Liz Truss to meet the Queen at Balmoral for her appointment as prime minister a month ago was hit by turbulence in bad weather and struggled to land at Aberdeen airport. The aircraft’s helpless circling in mid-air was seen at the time as a bad omen for her premiership. And after a