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Kwasi Kwarteng has been sacked by Liz Truss in the latest blow to the Conservative party. The former Chancellor, who had been in post for just 38 days, said he accepted the Prime Minister's request for him to 'stand aside' from his role on Friday (October 14).
Prime minister Liz Truss will hold a press conference today amid speculation that she is set to announce another u-turn on the mini-budget. It comes as reports emerge that Kwasi Kwarteng will lose his job as chancellor today.
Prime Minister Liz Truss is holding a press conference on Friday amid ongoing turmoil following the mini-budget. Downing Street made the announcement just hours after Chancellor Kwasi Kwarteng has scrapped a number of key meetings to fly back early from America. The Times Political Editor has tweeted that Mr Kwarteng has been sacked.
A veteran Salford councillor has attacked the new Liz Truss Government after expected cuts forced the suspension of a £20m plan to build a new leisure centre. Coun John Warmisham hit out following the announcement that the long-awaited build of Pendleton Leisure Centre was being shelved.
Plans for a long-awaited leisure centre in Salford have been shelved because of anticipated cuts to the city council's budget. City council chiefs have put the £20 million building of Pendleton Leisure Centre on the back burner following Chancellor Kwasi Kwarteng's announcement of a potential £18billion of public spending cuts.
The Bank of England has hit the panic button yet again, moving to further bolster its emergency bond-buying plan. It's an attempt to stop tumbling government bond prices causing a market collapse.
Gogglebox fans were left in hysterics during the latest episode of the Channel 4 programme on Friday (September 8). The BAFTA-award winning TV show returned to screens on September 9 for its 20th series which airs every Friday night.
The past couple of weeks have been tumultuous for the UK, with the announcement of the mini-budget from newly appointed chancellor Kwasi Kwarteng leading to a difficult financial situation.