Kwasi Kwarteng Latest Celebrity News & Gossip

Kwasi Kwarteng has hit out at Liz Truss calling her decision to sack him as Chancellor of the Exchequer "mad" during the final days of her premiership.

Over 60,000 Scots homes face a higher risk of repossession due to the Tory mortgage “bombshell”.

An SNP MP's bid to have the draft economic forecast sent to the Tory Government before its disastrous mini-budget published has been upheld.

Legacy blue ticks have started being removed from Twitter, with thousands of celebrities hit by the sudden change.

The Chancellor will announce the Spring Budget soon which may have a direct impact on your personal finances.

An SNP MP has denied a report he is mounting a leadership challenge against party Westminster chief Ian Blackford.

Jeremy Hunt will deliver the Autumn Statement on Thursday, where he is expected to raise taxes and cut public spending in order to balance the books. The Chancellor of the Exchequer has warned that everyone will have to pay "a bit more tax" and that "sacrifices" will have to be made following the disastrous mini-budget in September.

The cancellation of the 1.25 percentage point rise in National Insurance came into effect on November 6. When announcing the reversal, the Treasury said most workers will receive a cut to their National Insurance Contribution directly via their employer’s payroll in their November pay, although some may be delayed to December or January.

Rishi Sunak has again refused to commit to raising benefits and the state pension in line with inflation.

Jeremy Hunt has been urged to rethink his plan to raise alcohol duty amid warnings it could risk jobs in Scotland's vital food and drink sector.

Liz Truss has resigned as Prime Minister less than six weeks after she was appointed.

Scottish Tory leader Douglas Ross has claimed the “optics” of the chaos surrounding Liz Truss’ Government are “awful”. Ross said the Tory Government would “deal” with bread and butter issues like mortgages, weeks after Truss and her colleagues tanked the UK economy.

Liz Truss is out as UK Prime Minister and leader of the Conservative Party following weeks of political chaos in Westminster.

Liz Truss’ difficult week is going from bad to worse. A former aide has claimed the under fire British Prime Minister’s advisers would lie about deaths in her family so she could miss appearing on British current affairs program Question Time.

Martin Lewis has issued a warning as the energy price cap is predicted to rise above £4,000 next year. The cap, which regulates the amount that 24 million households pay for their gas and electricity, was replaced by the government's Energy Price Guarantee in October.

Liz Truss has apologised for her 'mistakes' and has pledged to lead the Tories into the next general election as she fought for her job after ditching her tax-cutting plans. The Prime Minister said she has 'adjusted what we’re doing' after the Government’s fiscal policies spooked the markets.

New Chancellor Jeremy Hunt has said he believes Liz Truss will still be Prime Minister at Christmas - despite five Tory MPs already publicly calling for her to step down.

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Liz Truss looks like she is a leader ‘totally out of her depth’, according to voters in Manchester, with the vast majority calling for a general election.

Jeremy Hunt has announced that help with energy bills for households will only last until April next year. The newly-appointed Chancellor confirmed the decision during an economic statement on Monday (October 17).

New Chancellor Jeremy Hunt delivered an economic statement today to try and stabilise the markets.

Jeremy Hunt has announced the government will make a number of U-turns as he rips up the Government's mini-budget. He made the announcement during a televised address on Monday (October 17).

U.K. Prime Minister Liz Truss' push to cut taxes for her country's highest earners was a "mistake," President Biden stated Saturday. Truss was forced to scrap large portions of her tax plan last week amid market turmoil and disintegrating public confidence.

Drivers have been hit by higher fuel prices due to the pound's falling value, according to new analysis. The drop in sterling has added 7p per litre to drivers’ fuel bills over the past year, a review by the Competition and Markets Authority (CMA) has found.

Joe Biden has taken aim at Liz Truss's mini-budget that led to chaos on the markets and to her sacking Kwasi Kwarteng as Chancellor.

The Governor of the Bank of England has warned that interest rates may have to be raised even higher than initially expected to tackle inflation. Andrew Bailey said Bank officials will “not hesitate” to raise interest rates if necessary, while warning that a “stronger” response than previously anticipated could be required.

Radio 4 listeners had quite the wake-up this morning after actress Miriam Margolyes launched into an expletive outburst about the new Chancellor.

Rylan Clark has been forced to hit back at fans on Twitter who he says "really need to read [his] tweets" after many missed the "irony" in a post about the current government. The Radio Two presenter, 33, took to the social media site yesterday to tweet: "It’s sad and not nice to laugh and throw insults when people make wrong choices in their jobs. Mistakes happen.

Good evening and welcome to Friday's Daily Record headline briefing. The rundown keeps you up to date with the latest news from Scotland and beyond.

Jeremy Hunt has been named Chancellor following the sacking of Kwasi Kwarteng.

K.J. Yossman U.K. Prime Minister Liz Truss has sacked Kwasi Kwarteng as Chancellor of the Exchequer – the government’s top financial post – after just five weeks into office. The move comes as the U.K. continues to deal with the fall-out of Kwarteng’s mini-budget, which Truss endorsed and triggered financial turmoil, including a steep rise in interest rates. The country as already been dealing with sky-rocketing energy costs as well as a cost of living crisis, which is affecting both individuals and businesses. Kwarteng was in the U.S. for business when he was called back urgently on Friday (Oct. 14) to hear he’d been sacked. At time of writing, Truss had not yet announced his replacement.

As Prime Minister Liz Truss prepares to hold crisis talks over her controversial mini-budget, the future of the current government has become more uncertain.

Kwasi Kwarteng has paid the price for the chaos unleashed by his mini-budget as he was reportedly sacked by Liz Truss.

Liz Truss is to hold a press conference today after she sacked Kwasi Kwarteng as chancellor over the mini-budget disaster that tanked the pound.

Prime Minister Liz Truss is to hold a press conference later on Friday, Downing Street has said.

Kwasi Kwarteng is flying back to London for crisis talks with Liz Truss amid turmoil in the Tory party and economic chaos caused by his mini-budget.