Posts Tagged ‘Kwasi Kwarteng’

Private Eye Skewers Mogg’s Hypocrisy over BBC Presenters’ High Salaries

May 19, 2023

The Murdoch media has been running attack stories against the BBC for a long time focusing on the very high salaries enjoyed by star presenters like Gary Lineker. They’ve been joined by Tory politicians like Jacob Rees Mogg. This fortnight’s Private Eye for 10th May – 1st June 2023 neatly exposes the hypocrisy of Mogg and his gang by revealing the very handsome salaries and fees they get for presenting and appearing on their rancid, toxic programmes on GB News. The article runs

Jacob Rees-Mogg has previously queried the high salaries paid to BBC stars calling its presenters some of “the most well-off in our society” in a diatribe against the licence fee. Of course Rees-Mogg is himself now enjoying a very healthy media salary since he signed up to present a tedious weeknight evening show on GB News this spring, effectively becoming a part-time politician.

The latest register of MPs’ interest shows the ex-leader of the Commons earned just of £32,000 for 40 hours’ work on the show over just a few weeks. That equates to £802 an hour, and makes the already wealthy financier one of the best-paid MPs in terms of outside earnings.

GB News is a cash cow for Tory politicians. The latest register also shows it paid ex-chancellor Kwasi Kwarteng £1,000 for a single interview. In addition, it shells out a £100,000 salary to the party’s deputy chairman Lee Anderson, as well as recently paying around £10,000 each to married Tory MPs Philip Davies and Esther McVey for their pisspoor co-presented weekend offering.

Meanwhile, parts of GB News continue to be a haven for conspiracy theories. Earlier this month, regulator Ofcom again found it in breach of broadcasting rules for an episode of the Mark Steyn programme last year when guest Naomi Wolf said the Covid-19 vaccine amounted to “mass murder”, comparable to the “doctors in pre-Nazi Germany”. Executives have been told to go for a meeting with the regulator.

Despite the rap on the knuckles, GB News presenters show no sign of changing their crackpot ways. Last weekend Neil Oliver shared an image online of Bill Gates that featured the Microsoft founder holding vaccine vials while wearing symbols including a swastika and an Illuminati pyramid. Lovely!

While the vast salaries to MPs such as Rees-Mogg who aren’t very good at presenting might seem a waste of money, the political connections at least allow the channel to retain a veneer of respectability.’

Erm, not quite. One Labour MP has said that GB News presents two types of views on its programmes, the right and the far right. The head of Ofcom had an uncomfortable appearance before a Commons committee in which she was asked why the channel was allowed to break the rules against politicians presenting news programmes. One of the most notorious of these breaches was when one Tory MP interviewed Boris Johnson.

The channel was also in Private Eye last fortnight or so when it reported that GB News was in such dire financial straits that it was no longer paying guests appearing on their wretched programmes. Presumably the money saved helps to pay the inflated salaries of rich Tory presenters like Mogg. How very Conservative!

Open Britain on the Tufton Street Thinktanks Corrupting British Politics

March 18, 2023

Here’s another email I received from the pro-democracy, open government organisation Open Britain. It’s another expose of the extreme right-wing thinktanks on Tufton Street. These want the privatisation of the NHS and other public services, the destruction of the welfare state, tax cuts for the rich and the very worst kind of Brexit, for ordinary people, a no-deal departure from the EU, These people have extensive connections to the Tory party, especially under Liz Truss, and to the aristocracy. The expose also notes that these thinktanks are given airtime and serious discussion while those holding left-wing policies, such as Proportional Representation, are shut out.

‘Dear David,

In our ‘long read’ email last week, we filled you in on our research into the UK’s failure to address illicitly funded political campaigns. Unfortunately, sketchy shell companies and untraceable political donations from Russian oligarchs are only one element of the dark money problem. Think tanks hold increasing sway in Number 10, and many do not reveal their donors. 

Nowhere in the UK symbolises these kinds of organisations more than Tufton Street. The headquarters for hard-right libertarian lobbying groups, Tufton Street discreetly houses a network of different groups that generally oppose public services of all kinds, advocate tax cuts for the rich, and promote austerity. While not all these organisations are physically located on Tufton Street, the name has become a symbol for a particular brand of political lobbying – one that has all but taken over politics today. 

In recent years, high-level think tank “experts” have found their way into increasingly influential positions, from Conservative Party conference to BBC Question Time to the corridors of Number 10. Nothing made this more evident than Kwasi Kwarteng’s ballistic mini-budget, which looked to implement unpopular trickle-down policies dreamt up in Tufton Street boardrooms. As former Johnson advisor, Tim Montgomerie stated with glee after the mini-budget: “Britain is now their laboratory”. 

When was the last time the government listened to the constitutional experts who concluded that PR would improve representation, the electoral experts that said Voter ID would disenfranchise millions or the human rights lawyers that said the UK is violating international law? Clearly, it’s only a certain kind of expert that holds sway. 

This week, we want to get into the think tanks on Tufton Street (and beyond) and the influences they’ve had on the last decade of Conservative rule. In another longer-than-usual email, we will demystify the deep-pocketed and enigmatic think tanks that exert so much power in this country. 

Libertarian Nonsense:

These groups advocate for outdated and deeply unpopular policies which – instead of dealing with the UK’s growing income inequality – generally look to make it worse. They want to slash or eradicate public services, give tax benefits to the nation’s wealthiest, and crush unions. We don’t know who funds most of them, but it’s fair to say it’s probably people and companies with a vested interest in those policies. What we do know is that much of the money comes from hard-right American billionaires and multinational corporations. 

Here’s a brief overview of the most prominent libertarian lobbying groups on Tufton Street:

  • The Institute of Economic Affairs (IEA) is a libertarian think-tank masquerading as an educational charity. Closely allied to Liz Truss, the group lobbied at least 75 MPs before her leadership victory and practically hand-wrote her “trickle-down” policies. The group does not disclose details of its funding, but a general breakdown reveals the majority comes from large businesses and wealthy individuals – we still have no way of knowing who they are. 
  • The Adam Smith Institute is another libertarian group that claims it seeks to “use free markets to create a richer, freer, happier world”. In reality, they also championed the mini-budget that imploded the UK economy and directly influenced Conservative MPs to advocate for trickle-down policies. Like the IEA, they believe “the privacy of their donors should be protected” and refuse to say who funds them. However, their breakdown also reveals a majority from businesses and wealthy individuals.
  • The Taxpayers’ Alliance has been around for years, claiming to be non-partisan and ostensibly advocating for more responsible use of our taxes. Like the two groups above, it gets a transparency rating of E on openDemocracy’s transparency index. In recent years, they’ve joined the culture wars, going after LGBT organisations like Stonewall and notably having their talking points immediately repeated across the right-wing press.

As we’ll see, these right-wing groups not only hold massive sway in government and advocate for radical trickle-down policies but also hugely influence the debates on Brexit and climate. Most of the organisations we mention in this email are members of the Atlas Network, a group of over 500 such think tanks operating globally and headquartered in the United States. 

Brexit Zealotry: 

How many times in recent years were we told that being a member of the EU called the UK’s sovereignty into question? But did anyone ever ask what effect dark money-funded think tanks controlling government policy was having on our sovereignty? In an incredible twist of irony, these groups worked hard to cement a no-deal Brexit aimed at regaining our sovereignty while actively undermining it by exerting influence over the nation’s future. 

The Tufton Street lobbying groups that pushed a hard Brexit: 

  • The Institute for Free Trade (IFT), formerly the Initiative for Free Trade (they were initially unable to meet the formal requirements to be an “institute”), was launched by Liam Fox and Boris Johnson in 2017. It was chaired by Daniel Hannan, one the leaders of Vote Leave and the right-wing Koch-funded Cato Institute. They were exposed for offering US donors direct access to UK politicians, claiming to be in the “Brexit-influencing game”.
  • In 2018, the IFT published a US-UK trade policy paper written in consultation with dozens of other libertarian groups. It called for a no-deal Brexit, a “bonfire” of EU regulations (which we would later see under Sunak), and an NHS open to US market competition.The whole thing was designed to advance Boris Johnson’s radical Brexit agenda with the veneer of “expert” advice.
  • Dominic Raab and Liz Truss were under fire in 2019 for meeting with the Institute of Economic Affairs (IEA) off the books, with the think-tank bragging that it could “side-step” transparency requirements. At the time, the IEA was pushing hard for a no-deal Brexit that would see radical free-market trade reforms put in place between the US and the UK. The IEA’s lobbyist, Shanker Singham, also worked directly with the European Research Group (ERG), the ominous group of Euro-sceptic MPs that won’t reveal its list of members. 

The Brexit project was partly made possible by mysteriously-funded think tanks that viewed a hard Brexit as an opportunity for their donors to make a killing in a deregulated UK market. It was a dirty, dirty game that – despite being fully exposed – is not talked about nearly enough. 

It took Liz Truss and Kwasi Kwarteng’s shambolic mini-budget to truly reveal the extent to which think tanks like the IEA, Adam Smith Institute, and others have massively disproportionate influence over British politics. In reality, it had been going on for far longer than that. 

If Britain is the laboratory for a gang of dodgy think tanks, where does that leave ordinary people? It renders us powerless, left to be the guinea pigs of organisations that have no real connection to our lives, values, or communities. It’s the antithesis of democracy. 

You’ll have noticed through our examples that Tufton Street operates as one giant network – bringing together staff and resources from across their global network. They also all seem to have backdoor access to Tory MPs, a nexus of corruption in the heart of politics aimed at undemocratically advancing the aims of a wealthy elite. In his new book Bullingdon Club Britain, Sam Bright (the journalist that broke the PPE contracts scandal) explains the Tufton Street network’s intrinsic connections to the British aristocracy in more detail than we have time for here.

It’s vital that the British public is aware of what’s going on behind the scenes and understands the impact these networks are having on politics. The next government needs to be under no illusion that the people of this country have had enough of this corruption of our system and want an end to the toxic impact of foreign billionaires and multinational companies. If we’re ever going to build a system that works for all of us, these kinds of actors need to be sidelined for good. They don’t have the country’s interests at heart. 

It will always be difficult for ordinary people to take a stand against these insanely wealthy and highly organised forces, but we aren’t put off by the magnitude of the challenge. We know that those forces CAN be beaten through the collective efforts of the hundreds of thousands of us who care about this country’s future and who are prepared to take a stand to get our political system back on track.

Thank you for all your support.

The Open Britain team


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38 Degrees Launches Cost of Living Catastrophe Map

October 17, 2022

I got this email from internet democracy site 38 Degrees earlier this evening.

BREAKING: the Government has ripped up their disastrous mini-budget – and now they want us to pick up the pieces. [1] They’ve put our livelihoods, our homes and our futures on the line with their reckless plans, and turned the cost of living crisis into a catastrophe. [2]

But with no sign of the rescue plan we’ve needed all along, we need to show them the price we’re paying. And we’ve got just the thing.

So we’ve just launched a HUGE, ambitious new project: the cost of living catastrophe, mapped.[3]Our interactive map spotlights more than 1,000 stories from across the 38 Degrees community – and the country.These are the real lives behind this catastrophe.

This is what the map looks like

Together, thousands of us have forced the Government into the biggest U-turn we’ve ever seen – but we can go further. [4]If all of us share this map far and wide, we’ll put the stories behind this catastrophe front and centre, so journalists, MPs and the Governmentwill have no doubt that we need a proper rescue plan for the country.

So, David, will you help keep up the pressure on the Government by sharing our cost of living catastrophe map – and show the real price of this crisis?

Twitter is the best way to ensure as many MPs and journalists see this map. Just click below and retweet the 38 Degrees tweet or – if you can – ‘quote tweet’ it and share your own cost of living story. You could even tag your MP!

SHARE ON TWITTER

If you don’t have Twitter, you can share on Facebook or WhatsApp instead.

SHARE ON FACEBOOK

SHARE ON WHATSAPP

Or, if you don’t use social media, will you consider chipping in so we can help share it via online and offline ads.

Thank you for being involved,

Flo, Angus, Matt, Jonathan and the 38 Degrees team

NOTES:
[1] BBC News: New chancellor reverses ‘almost all’ tax measures 
The Telegraph (paywall): Energy price cap could be torn up under plans considered in Whitehall
[2] BBC News: What was in the mini-budget and what has changed?
The Independent (paywall): Kwarteng confirms further cuts of up to £18bn for public services
Sky News: Cost of living: More mortgage products now on offer – but interest rates continue to rise
[3] 38 Degrees: The cost of living catastrophe, mapped 

I’ve absolutely no problem with posting this on social media. The Khazi may be gone, but Liz Truss and her Tory hordes are still in power, and people are still hurting. And they don’t care about the poor – only about the rich, and getting re-elected.

Meme on the Real Reasons Hunt Has Been Made Chancellor

October 15, 2022

This meme was posted on the community page of right-wing group Correct, Not Political on YouTube. I’ve talked about them before. They’re a bunch who protest Drag Queen Story Hour, gay and trans rights demos, also marches and protests by environmentalists, anti-racist and pro-refugee organisations, trade unions and people they categorise as ‘commies and socialists’. They’re also against our new, beloved monarch, King Charles, because he’s another tree-hugger and is clearly in cahoots with the World Economic Forum to bring about ‘green communism’ in this country, in which we won’t own anything but be happy anyway. I’m sure Charles himself has very strong sympathies with the ecological and conservation movements but foisting green communism on us? This is Alex Jones level bonkers. But it does seem that in the Tory party if you want high office, it helps to be an aristo. Dave Cameron was and had even worked for the monarchy at the express invitation of their office. Boris Johnson also toff. Thatcher used to spout nonsense about meritocracy. Supposedly once state management had been cleared away, it would allow people to rise to the top through their natural talents no matter what their previous station in society had been. Well, social mobility has stalled since the days of Tony Blair, and the current composition of the Tory party and its leadership shows that too many of them owe their position to inherited wealth. Precious few of them have made their way up from humble origins, with the exception of Sajid Javid, whose father was a Bristol bus driver, and Nadine Dorries, who I think grew up in a council house.

But Hunt did write a book about privatising the NHS and he supports all the Thatcherite policies that have led our great and wonderful country into the current state, although he’s not as extreme as Truss and Khazi.

And that’s all that matters. Get him out. Get her out. Get all the Tories out!

Satirical Sketches of Truss, Kwarteng, Coffey and & Kenneth Williams

October 14, 2022

Brian’s suggestion that now ex-chancellor Kwasi Kwarteng should be nicknamed ‘Khazi’, after the Khazi of Kalabar, played by Kenneth Williams in Carry on the Kyber gave me a few ideas for more sketches. I sketched Williams as the Khazi, and then drew him as Julius Caesar in Carry On, Cleo, because that’s the movie I mostly remembered the flared nostrils and arched delivery from. I’m afraid neither of the sketches are exactly like Williams, though the sketch of the Khazi is the better of the two. Now that Truss has stabbed Kwarteng in the back, it seems particularly serendipitous that I did the sketch of Caesar, with the bug-eyes staring down at the protruding dagger. So, I’ve done a small sketch of Kwarteng as Caesar. Below that sketch is Coffey as the Butterball cenobite from Hellraiser. And after seeing the photo of Truss with the mad staring eyes and open mouth as if she’d just gone utterly bonkers on the cover of Private Eye, I couldn’t resist sketching her being dragged off to the psychiatric ward. I’d like to work some of these up into proper sketches later. I hope you like them.

Sketch of Truss, Kwarteng, Coffey and Friend

October 12, 2022

I made this sketch of the three leading Tories yesterday with a view to drawing a satirical version of them all later on. The figures underneath them is the Butterball cenobite from Clive Barker’s Hellraiser. I included him because I thought there was a certain similarity to Coffey. I based the picture of Truss from a photograph of her on the cover of last week’s Private Eye, which showed her in a pose that truly suggested she was wide-eyed and bonkers. She doesn’t always appear like that, obviously, but she’s still pretty bonkers.

Queasy Kwarteng – Not a Diversity Hire, But a Member of the Tory Hard Right

October 2, 2022

I’ve got a few interesting remarks from some of the great commenters on this blog about a piece a put up about a video by Simon Webb of History Debunked about Kwarteng. Webb wondered if the man now doing his best to trash our economy was a diversity hire, whose sole qualification for the job was his skin colour. Mark Pattie and Jim Round have pointed out that he isn’t. He was appointed because he was another Old Etonian willing to implement the programme of the Tory hard right.

Mark wrote

‘Kamikaze Kwarteng was *not* a diversity hire. He may be of Ghanaian descent, but he was Eton educated (hence probably why he got the Chancellor job). Suella Charlatan got the Home Sec job because she was more right-wing than Patel, and James Cleverley got his role because of his many years in the Army. Unlike the rest, he seems to be one of the very few (ten or so) genuinely decent Tories I’ve any respect for. It’s a damn shame he didn’t run for the leadership.’

And Jim commented

‘As with quite a lot of Simon Webb’s videos, it is what isn’t said rather than what is.
It isn’t mentioned that groups like The Taxpayers Alliance and The Institute of Economic Affairs had a major influence on this “budget” (Tim over at Zelo Street has covered this)
Also remember that The New Culture Forum, who Webb has been a guest of are based there.
They think that this is a “Conservative” budget but it is unknown whether they thought that the markets would react so badly.
Also not mentioned is the fact that Kwarteng is highly likely to be a millionaire, as well as attending Eton.
But no, let’s feed the narrative that he is only there because of the colour of his skin.’

The Taxpayers’ Alliance tends to turn up on BBC News programmes to give their views on economic policies. They are always presented as if they are a politically independent organisation, but their leaders are all members of the Tories. The Institute of Economic Affairs have been demanding hard-right economic policies since before Thatcher. I don’t think Kwarteng’s a genius by any stretch of the imagination, but this shows that the people at the Arise Zoom meeting on the Tory minibudget were absolutely right: he’s a Thatcherite true-believer, working for arch-Thatcherite think tanks, and so shares the same grotty mediocre views as his leader, Liz Truss. I should say that I haven’t watched Webb’s wretched video, but it wouldn’t surprise me if a section of the Tories is now trying to make him a scapegoat for Truss’ abject economic failure.

Rachel Reeves Tears into Tory Economic Policy

October 2, 2022

I had this mass email from Reeves ripping apart Queasy Kwarteng’s wretched minibudget. As much as I despise her as a true-blue Blairite, who vowed Labour would be harder on the unemployed than the Tories, she is right. Especially about trickle-down economics. Robin Ramsey, the head honcho of conspiracy site Lobster, has a background in economics. He pointed out that the Thatcherites had cottoned on to the fact that trickle-down economics was rubbish, and so were trying to justify their vile economics policies with arguments about morality. Trickle-down economics was recognised as bunk long ago, so it shows how threadbare Cheeselab Truss’ policies and ideas really are. And as terrible as I find Starmer, I’d far rather have him in No. 10 than Truss or another Tory.

‘David James, last week, the Tory government laid out their budget. 

And with it, they crashed the economy by handing enormous, unfunded tax cuts to those who earn millions and the very richest companies. 

Because of this, working people will be paying higher prices and higher mortgage rates for years to come.   

This isn’t some global issue – it happened as soon as the government stood up last Friday. They’ve damaged the UK’s reputation for good. 

Liz Truss and Kwasi Kwarteng have no one to blame but themselves. This was a crisis created entirely in Downing Street, a direct result of this government’s reckless decisions.

Labour is urging the Prime Minister to bring Parliament back as soon as possible and reverse their disastrous budget.

I have been clear: there should be no return to the failed idea of trickle-down economics – the theory where you make the rich even richer and hope that somehow, some of it trickles down to the rest of us.

Labour knows that growth comes from the talents and efforts of millions of people and thousands of businesses across our country. 

As a government we will make different choices. Just this week, Labour set out our plans to deliver economic growth with our Green Prosperity Plan to guarantee a fairer, greener future for all.

After 12 years of the Tories lurching from one crisis to another, Britain deserves better. 

Labour is ready to deliver it. 

Thank you,

Rachel Reeves,
Shadow Chancellor of the Exchequer’

Kwasi Kwarteng – Diversity Hire, or Just Another Member of Truss’ Government of Mediocrity?

October 2, 2022

It’s been a few days since I commented on a video by Simon Webb of History Debunked, so here’s one now. A few days ago, he put one up questioning Kwarteng’s qualifications for office as Chancellor of the Exchequer and wondering if he was only chosen because he was Black. Was his appointment simply a case of Truss giving him a job in order to show how diverse her government was? Given how disastrous the minibudget is, Kwarteng does not strike me as a brilliant economist. But then, neither does Truss herself, who strikes me as another absolute mediocrity. The same with Therese Coffey, who I wouldn’t trust to run a corner shop or local whist club. As for Jacob Rees-Mogg, I think he’s cleverer than the rest in that he has clever people working for him and is sufficiently slick with his patrician diction and general demeanour to conceal his absolute incompetence from much of the public. But none of them, absolutely none of them, strike me as intellectual powerhouses. Quite the opposite.

Readers of this blog of a certain age and taste in comedy will remember Glasgae toon’s guerrilla philosopher, Rab C. Nesbitt, and his biting view of Scots politics and the treatment of the poor and the underclass from the bottom of a pint glass. In one episode, Nesbitt crossed paths with the local Tory politician, a political nonentity looking forward to great things because Tory prime minister John Major was in office, and ‘this is the age of the mediocrity’. Ah, how that was the joke at the time! John Major was the grey man, a boring, uninspiring individual following the all-too vivid figure of Margaret Thatcher. Major himself wasn’t economically deft or competent, as his privatisation of the railways and the collapse of the pound during Black Wednesday showed. But compared to Truss and her crew, he was statesman of positively Churchillian proportions.

A week or so ago I went to an online meeting where members of the Labour left, like Richard Burgon and members of the TUC responded to Truss’ minibudget. They pointed out what a right-wing nightmare it was, along with her highly authoritarian attempts to strangle the unions with fresh legislation. Truss was promising nothing to the British working class except more poverty while massively cutting taxes for the rich. But the panel was also encouraged by the fact that people were determined to resist, and mobilising strikes and protests up and down this Sceptred Isle. And as for Truss and the rest of the minions, they saw them as the last of the Thatcherite True Believers. Thatcherism has run its course. It’s now looking threadbare. People are abandoning it. And Truss and co are the last of the market fundamentalists, more right-wing than Thatcher herself. And that’s saying something, given how she was a fan of real Fascists like General Pinochet!

If I read what the Labour people were saying rightly, this means that, as the last of the true-blue Thatcherites, Liz, Kwarteng and co are the scrapings from the bottom of the Tory barrel. In which case, Kwarteng didn’t get his post because he’s a diversity hire. He got his job because he shared the views and the same lack of ability as Truss and the rest of her followers.

And unfortunately, that means we’ve got to suffer his and Truss’ doctrinaire incompetence.

Their colour is immaterial. All that matters is their grotesque hatred and victimisation of the poor to benefit the extremely, obscenely rich.

Get them out now!

38 Degrees Internet Petition Calling for Scrapping of Mini-Budget

October 2, 2022

I also got this email and petition through from internet democracy organisation calling for ‘Cheeselab’ Truss and ‘Queasy’ Kwarteng to scrap their wretched mini-budget. I’ve had absolutely no problems about signing it. Please feel free to do the same if it frightens and appals you as much as it did me.

‘They’ve driven us off a cliff, David.

Markets in panic, pensions on the brink of bankruptcy, rising interest rates, the pound crashing. [1] It’s taken Liz Truss and Kwasi Kwarteng just 6 days to tank the economy with their ‘mini-budget’ – and put OUR livelihoods on the line. [2] Mini-budget, maximum chaos.

This is about the money left in our pockets at the end of the month. Rising interest rates send mortgages skyrocketing. [3] A weaker pound makes clothes and food more expensive. [4] This budget has plunged us into even more chaos, just when we needed urgent help to get through the cost of living crisis.

Millions of us across the country are enraged by their decision to borrow billions to give to the rich – and tank the economy in the process. [5] International financial institutions, the Bank of England and even Tory MPs have savaged the plan. [6] There’s only one option: rip up the budget.

We need to show where the British public stand today. So, David, will you add your name right now to the open letter calling on Liz Truss and Kwasi Kwarteng to RIP UP this disastrous mini-budget? Clicking the button below will add your name automatically.

ADD MY NAME

NO, I DISAGREE

Here’s the open letter:

To Liz Truss and Kwasi Kwarteng,

RIP UP your “mini-budget” and replace it with an urgent rescue plan to save our economy, save families during this cost of living crisis and save our public services already on the brink.
Signed,Thousands of members of the public 

ADD MY NAME

NO, I DISAGREE

Thank you for being involved,

Angus, Mike, Ellie, Tom and the 38 Degrees team

Notes:
[1] BBC News: Treasury rejects U-turn on mini-budget despite turmoil
[2] The Guardian: Kwarteng scraps top 45% rate of income tax and cuts stamp duty
The Daily Mirror: Mini-Budget 2022 summary: £45bn tax cut announcements at a glance and how they hit you
[3] The Guardian: Homeowners warned of ‘significant’ rise in UK interest rates
The Times: Prove you can afford 7% mortgage, borrowers to be told
[4] The Telegraph: How the tumbling pound is pushing up prices
Metro: Why is the pound falling and how does it affect me in the UK?
[5] The Guardian: ‘A budget for the 1%’: government accused of huge tax cut for super-wealthy
[6] BBC News: IMF openly criticises UK government tax plans
Reuters: Bank of England moves to calm bond market rout after tax cut storm
The i: All the Tory MPs who’ve publicly objected to Liz Truss and Kwasi Kwarteng’s mini-budget