This is no U-turn – it’s a car crash
Liz Truss remains on autopilot, insisting her low-tax assumption is correct, and that speed and miscommunication caused the turmoil.
ByKwasi Kwarteng
Liz Truss makes Jeremy Hunt her human shield, but how long can she last?
The choice of Chancellor is designed to appease the Prime Minister’s critics. But it’s hard to see how they can…
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The shortest-serving chancellors in British history
Kwasi Kwarteng has become the second-shortest serving chancellor in postwar history after the Conservatives’ Iain Macleod who died in office.
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Liz Truss sacks Kwasi Kwarteng – will she be next to go?
Jeremy Hunt takes over from Kwarteng, who becomes the second shortest-serving Chancellor in history.
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Kwasi Kwarteng’s Budget is being rewritten while he’s across the Atlantic
The Chancellor insisted today that “our position hasn’t changed”, but behind the scenes it’s a different story.
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The Bank of England is playing chicken with its own government
Why does Andrew Bailey put his foot in his mouth so often?
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Liz Truss and Kwasi Kwarteng’s ideology is colliding with reality
The question now is how much economic damage is done before the Prime Minister succumbs to the inevitable.
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Liz Truss has become a free-market François Mitterrand
Like the French Socialist president, the Prime Minister is being forced to abandon a radical economic programme in the face…
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Would Liz Truss survive if she sacked Kwasi Kwarteng?
A sacrifice to the markets might keep the Prime Minister in office, but without power.
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Even Tories like me are against cutting foreign aid
It’s not just a moral error – it’s a strategic one too.
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Unwhippable Tory MPs have carte blanche to rebel
Your weekly dose of gossip from around Westminster.
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It won’t be easy for the government to regain the IMF’s support
Liz Truss and Kwasi Kwarteng thought they could make changes without consulting anyone.
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Will Kwasi Kwarteng’s resignation be the price of Liz Truss’s survival?
Many Tory MPs believe the Prime Minister will be forced to sacrifice her ideological soulmate.
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How Brexit broke the UK’s fiscal credibility
The UK's financial crisis is the product of years spent ignoring economists and businesses.
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Can Kwasi Kwarteng survive?
If market volatility persists, either the mini-Budget or the Chancellor may have to go.
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Kwasi Kwarteng makes a cautious retreat
The Chancellor has deferred to convention with two U-turns meant to reassure the markets.
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How to wage a class war
On the origins of our economic crisis.
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The Conservatives’ Great Leap Forward
Liz Truss and her team understand the British economy’s weaknesses but their utopian free-market solutions are undermining the Bank of…
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Letter of the week: A doomed dash for growth
Write to letters@newstatesman.co.uk to have your thoughts voiced in the New Statesman magazine.
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The Conservatives’ Birmingham conference: more Speaky Blunders than Peaky Blinders
Your weekly dose of political gossip.
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