The Guardian reports that Conservative MPs are planning to avert the squeeze on welfare after Liz Truss reversed course on plans to abolish the highest income tax rate and the date of a new mini-budget.
MPs have told the i that Liz Truss faces a Tory rebellion over cuts to benefits and public spending.
Despite the prime minister’s plans to cut public services, Centrist conservative MPs have vowed to block them, writes The Independent.
Liz Truss and Kwasi Kwarteng make a “screeching” U-turn on the 45p tax rate cut, referring to the prime minister as a “Poundland Thatcher”.
In an attempt to reassure markets, Chancellor Kwasi Kwarteng is set to speed up the release of his plan to cut Britain’s debt, after backtracking on a key part of his mini-budget.
Daily Express reports that Kwasi Kwarteng will say “we must stay the course” on Monday to deliver economic growth.
Two former cabinet ministers have challenged Liz Truss over her plans to scrap the 45p income tax rate.
According to the Financial Times, Kwasi Kwarteng will tell Conservative party members he is confident his plan to scrap the 45p top income tax rate is “the right one”.
On the first day of the Conservative Party conference, Gove ripped into the government’s mini-budget, according to the Daily Mail.
As reported by the Daily Mirror, a senior Tory has warned Liz Truss she will lose her job by Christmas unless she abandons her tax cuts for the wealthy.