Liz Truss to ‘share lessons’ of her time in government in new book

The former PM blames lack of support for Conservative ideas as part of her downfall during her 49-day premiership

Liz Truss is writing a book about her 49 days as prime minister, which will argue the main cause of her downfall was a lack of “support for Conservative ideas” – and too much support for the “global Left”.

The former prime minister wants to see a “Conservative movement revival” and has decided to “share the lessons” from her time in government, where she was “often the only conservative in the room”.

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‘He’s a great guy’: Kwasi Kwarteng told fake firm he could introduce them to Boris Johnson

Former chancellor boasted of his political career in hope of securing £10,000-a-day second job

Kwasi Kwarteng told representatives of a fake South Korean firm that he could introduce them to Boris Johnson – the “best campaigner you will ever see” – in the hope of securing a £10,000-a-day second job.

Kwarteng also indicated that Conservative whips would allow him to skip his parliamentary duties in order to further the interests of the fake firm, after apparently being duped by the campaign group Led By Donkeys.

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Top Tory MPs ask for £10,000 a day to work for fake Korean company

Video footage shows Matt Hancock and Kwasi Kwarteng discussing pay rates after being duped by campaigners

The former chancellor, Kwasi Kwarteng, and former health secretary, Matt Hancock, agreed to work for £10,000 a day to further the interests of a fake South Korean firm after apparently being duped by the campaign group Led by Donkeys.

Kwarteng attended a preliminary meeting at his parliamentary office and agreed in principle to be paid the daily rate after saying he did not require a “king’s ransom”. When Hancock was asked his daily rate, he responded: “It’s 10,000 sterling.”

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Kwasi Kwarteng: I would ‘never rule out’ Boris Johnson leading Tories again

Prediction comes as former PM set to be grilled by privileges committee as part of Partygate inquiry

Boris Johnson may emerge from a televised grilling next week over claims he misled parliament about Partygate unscathed and go on to lead the Conservative party again, a former cabinet minister has said.

Kwasi Kwarteng, who was made business secretary by Johnson before a short-lived stint as chancellor under Liz Truss – which ended after his notorious mini-budget – said he would “never rule out” a return by Johnson to frontline politics.

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Kwarteng had ‘all the advice’ but disregarded warnings on mini-budget, MPs told

Treasury officials tell select committee they set out impacts of £45bn plan for former chancellor

Kwasi Kwarteng disregarded warnings that his £45bn mini-budget could trigger a backlash on the financial markets, Treasury officials told MPs today.

The department’s permanent secretary, James Bowler, said he was “absolutely confident Treasury officials set out the right advice” to the then chancellor.

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Liz Truss and I ‘got carried away’ writing mini-budget, admits Kwasi Kwarteng

Sacked chancellor says he and ex-PM failed to consider political and economic consequences

Kwasi Kwarteng has admitted he and Liz Truss “got carried away” when they wrote the disastrous mini-budget that led to both of them leaving their jobs just weeks after they entered Downing Street.

Kwarteng announced a raft of tax cuts without any reduction in spending in September, which led to the pound crashing against the dollar, pension funds nearly collapsing, a £65bn Bank of England bailout, soaring mortgage costs, and the cost of government borrowing increasing. He also said he would remove the cap on bankers’ bonuses.

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Truss allies challenge Kwarteng’s claim he tried to slow down tax cuts

One backer of ex-PM says ‘that wasn’t what was going on’, as Jeremy Hunt also appears to dispute version of events

Kwasi Kwarteng’s claims that he tried to get Liz Truss to slow down her financial plans have been challenged by her allies.

In his first interview since he was sacked as chancellor by Truss, Kwarteng said he had told the then prime minister to be more cautious with their £45bn programme of tax cuts.

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Hunt dismisses Kwarteng’s claim that mini-budget not to blame for state of UK finances – UK politics live

Latest updates: chancellor says ‘we’ve learned that you can’t fund spending or borrowing without showing how you are going to pay for it’

Sadiq Khan, the Labour mayor of London, has released polling suggesting that half of Londoners are either “financially struggling” (18%) or “just about managing” financially (32%).

According to the polling, 49% of Londoners are also using less water, energy or fuel.

This shocking new polling highlights the realities of the worst cost of living crisis in generations.

With spiralling inflation and soaring interest rates meaning many Londoners are struggling to make ends meet – a situation made worse by the government’s failed mini-budget – the chancellor has a duty to take decisive action on Thursday to support vulnerable Londoners.

In total, the NHS paid more than £3bn to agencies who provide doctors and nurses on short notice. The figure represents a 20% rise on last year, when the health service spent £2.4bn. Trusts spent a further £6bn on bank staff, when NHS staff are paid to do temporary shifts, taking the total spent on additional staff to around £9.2bn.

One in three NHS trusts paid an agency more than £1,000 for a single shift last year, while one in every six trusts paid more than £2,000, results from freedom of information requests reveal.

Taxpayers are picking up the bill for the Conservatives’ failure to train enough doctors and nurses over the past 12 years. This is infuriating amounts of money paid to agencies, when patients are waiting longer than ever for treatment.

Labour will tackle this problem at its root. We will train the doctors and nurses the NHS needs, paid for by abolishing the non-dom tax status.

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No 10 refuses to endorse minister’s ‘bit of cheek’ asylum seeker comment – UK politics live

No 10 said Chris Philp had not spoken to the PM before accusing asylum seekers of ‘cheek’ for complaining about conditions

The Downing Street lobby briefing is over, and the prime minister’s spokesperson has just shot down reports that the proposed Sizewell C nuclear power plant could be shelved.

This morning the BBC was leading the news with a story saying this was an option. A government official told Simon Jack, the BBC’s business editor: “We are reviewing every major project – including Sizewell C.”

I’ve seen some reporting on that, but it is not accurate to say we are scrapping it. Our position on Sizewell C has not changed. It remains crucial to ending our reliance on fossil fuels, increasing our energy security and meeting our net zero ambitions.

We hope to get a deal over the line as soon as possible. There are negotiations are ongoing. Negotiations have been constructive.

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No 10 chief of staff’s position untenable amid lobbying claims, says Labour

Mark Fullbrook accused of trying to change UK policy by arranging for ministers to meet Libyan politician

Labour has claimed Mark Fullbrook’s position as Downing Street chief of staff is no longer tenable after it was revealed that before his appointment he tried to change UK foreign policy by arranging for two cabinet ministers to meet Fathi Bashagha, a Libyan politician with links to the Russian Wagner Group.

The Guardian had previously reported that Fullbrook, as chief executive of Fullbrook Strategies, had lobbied on behalf of Bashagha, but the Sunday Times alleged he arranged for Bashagha to come to London in June, where he met the then business secretary, Kwasi Kwarteng, and the education secretary at the time, Nadhim Zahawi.

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The unravelling: the full story of how Liz Truss lost her way – and her authority in the Tory party

The prime minister ditched her close ally Kwasi Kwarteng to save her own job – but now Conservative MPs are openly plotting to replace her

After an astonishing eight-minute press conference, in which Liz Truss attempted to salvage her imploding leadership by firing her closest political ally and ditching a totemic policy that won her the job, the most telling reaction was that of officials who had served in Boris Johnson’s chaotic Downing Street.

Just a few short months ago, they had been forced to endure months of scandal, followed by the resignations of dozens of ministers. They had even awkwardly brushed shoulders with cabinet members gathered in Downing Street to tell Johnson that his time was up. But after watching Truss’s hunted demeanour on Friday afternoon, their suffering suddenly seemed trifling.

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‘Send off the clowns’: Labour ads tear into Tories amid Truss crisis

Scathing posters ridicule Conservatives for damaging Britain’s reputation, lifting mortgages and crashing the economy

The UK’s Labour party is looking to capitalise on the government crisis with a series of new adverts as it gears up for the next general election.

The scathing posters, seen by the PA news agency, attack the Conservatives for damaging Britain’s standing on the world stage, hiking mortgages and crashing the economy.

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Jeremy Hunt says mistakes made and taxes set to rise as Bank warns of ‘strong response’ to inflation – UK politics live

Chancellor says ‘difficult decisions’ ahead with some departments needing to find savings and some taxes set to rise

Hunt says the UK has a “massive amount going for us”, but the reason it remains a top economy is because the country has been prepared to make “tough decisions” – and this moment is one of them.

The new chancellor says he is “very sensitive” to people at the bottom of the income scale but will not commit to not cutting benefits. “I’ve only been in the job for a matter of hours,” he says, adding that he will be sitting down with the Treasury team later today.

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Keir Starmer criticises ‘grotesque chaos’ under Liz Truss government

Labour leader says UK is ‘crying out for clear leadership’ and his party ‘must provide it’

Keir Starmer has criticised the “grotesque chaos” of recent weeks and said the government “no longer has a mandate from the British people”.

The Labour leader said there were no historical precedents for the ongoing economic turmoil and that the prime minister, Liz Truss, would not be able to “fix the mess she has created”.

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Truss premiership ‘hanging by thread’ after Kwarteng sacking and latest U-turn

PM’s move to replace chancellor and commit to raising corporation tax fails to placate markets or Tory MPs

Liz Truss is desperately clinging to her premiership after she sacked her chancellor and ripped up the mini-budget but failed to calm the financial markets or furious Conservative MPs.

In a humiliating reversal, the prime minister backed down on plans to scrap an £18bn rise in corporation tax and replaced Kwasi Kwarteng as chancellor with Jeremy Hunt.

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Kwasi Kwarteng reportedly believes Liz Truss ‘only has a few weeks’ – as it happened

Source close to sacked chancellor briefs Times that ‘wagons are still going to circle’ around embattled prime minsiter

The Conservative peer, Ed Vaizey, said he disagreed with the international trade secretary, Greg Hands, who earlier said Kwasi Kwarteng’s early return is not unusual. “It is quite unusual for this to happen,” he said.

Speaking to Sky News, Vaizey said the chancellor cutting his trip to the US short is “not a good sign”. He said:

I’m afraid the chancellor coming back a day early doesn’t fill one with confidence.

The fact that people were speculating about the prime minister’s leadership this early in her premiership is not ideal, but I think he’s just got to bite the bullet. He’s got to try to give the markets confidence in the British economy.

If he can do that then perhaps he can say: ‘Well, I had to do some difficult choices, slightly humiliating choices, but the result is stabilisation and I can move forward.’

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Kwasi Kwarteng was logical choice as chancellor but hubris was his downfall

Truss ally has experienced a dramatic reversal of fortune after five weeks and three days in the job

When Kwasi Kwarteng became chancellor on 6 September it seemed a logical career progression. Deemed a politician imbued with economic doctrine, even his critics conceded he was determined and intellectually imposing. Five weeks and three days later, he is gone.

The newly restored backbench MP for Spelthorne in Surrey is not the shortest-serving chancellor of modern times, but only because the holder of that unwelcome title, Iain Macleod, died from a heart attack a month into his tenure in 1970.

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Liz Truss appoints Jeremy Hunt as chancellor after sacking Kwarteng

Former foreign secretary and leadership contender is back in cabinet, in stunning reversal of fortune

Jeremy Hunt has been appointed as Liz Truss’s new chancellor, in a stunning reversal of political fortune and a sign that the beleaguered prime minister wants to reach out to other sections of the Conservative party.

Hunt, the former foreign secretary and health secretary, has twice tried unsuccessfully to become Conservative leader.

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Another U-turn looms – how much will it save and what else could the chancellor ditch?

Corporation tax plans likely to be latest to be dropped – bad news for Kwarteng’s credibility, but good for his balance sheet

Liz Truss is on the verge of reversing one of the last major pillars of her chancellor’s disastrous September mini-budget.

While Kwasi Kwarteng mingles with finance ministers at the International Monetary Fund gathering in Washington DC, discussions are taking place in London that would see the promise to freeze corporation tax rates binned. There is also speculation about dropping smaller measures including a more generous tax treatment of share dividends. These U-turns would come hard on the heels of the humiliating climbdown on Kwarteng’s promise to scrap the 45p top rate of tax.

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‘Let’s see’: pressure builds for No 10 U-turn on corporation tax

Reversing key plank of her leadership pitch would be much bigger humiliation for Liz Truss than 45p rate U-turn

The clamour among Conservative MPs for a third U-turn by Liz Truss started the same as the others: one MP begins as an outrider, backed by some party veterans or ex-cabinet ministers, and the question catches alight across broadcasters who ask every MP they see. Soon enough, it is received wisdom.

Most MPs who are squeamish about deposing their third prime minister had hoped that they would see change in the markets and contrition from No 10 and 11 after the U-turn on the 45p rate. Over the course of the past week, it has been clear to them that will not happen.

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