Politics

Liz Truss vowed to “get Britain through the tempest” and insisted “everyone will benefit” from the result of her economic policies in her keynote party conference speech during which she was heckled by climate activists. Addressing Conservative members at the event in Birmingham, as she battles to save her premiership, the prime minister acknowledged that

In power for just 28 days – and for 10 of them politics was paused following the death of the Queen – it has been the worst possible start for Liz Truss. A (mini) budget unveiling £45bn of tax cuts without a fiscal framework, precipitating a £65bn emergency bond buying programme by the Bank of

Liz Truss has refused to commit to raising benefits in line with inflation, despite growing pressure from a cabinet minister and senior Tory MPs. Speaking to broadcasters in Birmingham, where the Tory party conference is underway, the prime minister said she had “not made a decision” on whether to stick to the benefit uprate promised

A law allowing the deportation of illegal migrants and effectively banning them from claiming asylum could be introduced by the home secretary as she unveils plans for another “crack down” on Channel crossings. In her first major speech to the Conservative Party conference, Suella Braverman is expected to set out proposals for legislation that will

The first rule of U-turns, as a veteran former cabinet minister told me last week, is to do them quickly. Liz Truss and Kwasi Kwarteng decided late last night to cut their losses, both saying this morning that the policy of abolishing the 45p rate for those earning more than £150,000 had become a “distraction”.

A little under four weeks as prime minister and it couldn’t really have gone worse for Liz Truss. A mini-budget that precipitated a run on the pound (it has rallied a bit since), a £65bn emergency intervention by the Bank of England to prop up pension funds, and the withdrawal of nearly 1,000 mortgage deals

Kwasi Kwarteng is facing calls for an official inquiry following a report that he attended a private champagne reception with hedge fund managers following his mini-budget. The Sunday Times newspaper reported that the chancellor joined the gathering in Chelsea on 23 September and was said to have been “egged on” to pursue his plan of

Liz Truss is set to face a wretched week at the Tory Party conference after the disastrous reaction to Kwasi Kwarteng’s tax-cutting mini-budget. The prime minister arrived in Birmingham on Saturday looking buoyant just hours before yet another injurious poll was released. Hopes to be greeted by an adoring host of members have likely been

In his book on the failure of Ronald Reagan’s economic revolution, the US president’s one-time guru David Stockman wrote that the only thing worse than short-termism in politics is ideological hubris in government. The so-called “father of Reaganomics”, Stockman was a key part of an economic overhaul that has some eerie echoes of the current

Liz Truss has for the first time acknowledged that “there has been disruption” to the UK economy following last week’s mini budget. Since the chancellor’s announcement of £45bn in tax cuts the value of the pound has plummeted, nearly half of mortgages have been pulled and the Bank of England launched a £65bn bail-out to

You have to go back to Tony Blair’s honeymoon period after his 1997 landslide general election victory to find a Labour opinion poll lead as massive as 33 points. All those critics of Sir Keir Starmer – mostly on the Corbynista left-wing of the party, who’ve claimed with the Tories in turmoil, Labour should be

Labour has surged to record leads in multiple polls in the wake of the economic turmoil after the government’s mini-budget. A YouGov/Times poll placed Labour 33 points ahead of the Conservatives, believed to be the largest lead for Labour in any recorded poll since 1998, when the-then PM Tony Blair was enjoying his “honeymoon period”.

Liz Truss has surfaced today after a week out of the public gaze to insist she believes her mini-budget was right, and “global forces” are to blame for the financial situation. In a round of regional radio interviews ahead of her party conference, Liz Truss’s pre-prepared answers struggled against some tough questioning. “Are you ashamed

Sir Keir Starmer has called for a recall of parliament to discuss the financial market turmoil following Friday’s mini-budget. Speaking to reporters, the Labour leader said the move by the Bank of England to launch a temporary bond-buying programme to prevent “material risk” to UK financial stability was “very serious”. Sir Keir said: “I think

Liz Truss is a “danger” to the economy and has “lost control” after the fallout from the government’s mini-budget, Sir Keir Starmer has told Sky News. Speaking to political editor Beth Rigby, the Labour leader stopped short of calling for the PM and her chancellor, Kwasi Kwarteng, to quit, saying it was a “secondary” issue.

Labour will tomorrow unveil plans to ensure every primary school child in England has access to fully funded breakfast clubs under a government led by Sir Keir Starmer. Announcing the scheme on the final day of the party’s conference in Liverpool, Bridget Phillipson, the shadow education secretary, will say the policy will be paid for

Shadow health secretary Wes Streeting said “the cavalry is coming with Labour” as he sought to portray the party as a government in waiting. Mr Streeting was speaking with Sky News’ Kay Burley ahead of Sir Keir Starmer’s keynote speech at the Labour conference in Liverpool. He said Chancellor Kwasi Kwarteng’s mini-budget last Friday had

Sir Keir Starmer will claim a “changed” Labour can turn the UK into a “growth superpower” in his keynote conference speech – as a new poll gave the party its largest lead over the Conservatives in more than two decades. The Labour leader will tell party delegates in Liverpool on Tuesday that Labour’s Green Prosperity

Labour’s shadow chancellor Rachel Reeves has said the UK government is putting the economy in danger and attacked Prime Minister Liz Truss’s plan of “trickle-down economics” after the pound sank to a record low against the dollar. Sterling slipped to a low of $1.0327 on Monday, before stabilising at around $1.07, following lows seen after

Labour will pledge to “build British industry” through the use of a state-owned investment fund during the second day of the party’s conference in Liverpool on Monday. In her speech today, Rachel Reeves, the shadow chancellor, will set out the party’s industrial strategy, which includes promises to invest in national projects from battery factories to