2022-10-05
Daily Telegraph Front Page 5th of October 2022
According to The Daily Telegraph, Liz Truss will warn on Wednesday that disruption will continue as she works to deliver economic growth.
According to The Daily Telegraph, Liz Truss will warn on Wednesday that disruption will continue as she works to deliver economic growth.
After being forced to abandon her plans to abolish the 45p top rate of tax, Liz Truss faces a new battle with Tory MPs over reducing benefits in real terms.
The Daily Telegraph reports that Liz Truss will delay the 45p tax cut vote after Michael Gove joined a growing rebellion among Tory MPs.
The Daily Telegraph reports that Kwasi Kwarteng will pledge to bring public spending under control after a week of financial turmoil.
The Daily Telegraph reports that benefits payments will fall in real terms under the government’s plans to reassure the City it will control spending.
As a result of the chancellor’s mini-budget, the Bank of England had to bail out £65 billion in pension funds.
As reported in The Daily Telegraph, the IMF has called on Liz Truss to reverse the government’s decision to abolish the top income tax rate.
A number of lenders have withdrawn mortgage deals as a result of the mini-Budget, according to The Daily Telegraph, anticipating a Bank of England rate increase to counter the turmoil facing the pound.
According to The Daily Telegraph, the US will take “catastrophic” action if Russian President Vladimir Putin uses nuclear weapons.
The Daily Telegraph features a picture of King Charles attending to his papers at Buckingham Palace.