Kwasi Kwarteng

Liz Truss has been claiming from fund for ex-prime ministers despite only 49 days in office (Getty Images)

Liz Truss claims from fund for ex-PMs despite only 49 days in office

There are major concerns about what will happen when the Bank of England stops buying government bonds (image: AFP/Getty Images)

Explainer What are bonds? Term explained as UK borrowing costs hit record level

Boris Johnson and Liz Truss received £18,660 each in severance payments after they stood down as Prime Minister, annual government accounts have shown. Credit: Mark Hall / NationalWorld

Boris Johnson and Liz Truss received £18K after resigning as PM

Charging journalists to attend the Tory conference isn’t on Tom Hourigan

Government borrowing is very different to the sort of borrowing households do (image: AFP/Getty Images)

Explainer UK borrowing hits near record high amid energy and inflation crises

(Image: Fergus Boylan)

Tory MPs fooled by sophisticated sting operation - NationalWorld cartoon

File photo dated 04/06/21 of Matt Hancock. Mr Hancock and former Chancellor Kwasi Kwarteng have told a fake overseas company looking for MP advisers their daily rate for consultancy would be £10,000. In a sting operation set up by campaign group Led By Donkeys, Mr Hancock and Mr Kwarteng both set out six-figure sums for what they would expect to be paid to advise a non-existent firm in South Korea.

Top Tory MPs ask for £10,000 a day to advise fake Korean firm

Jeremy Hunt is soon due to update the government’s tax and spending plans as he delivers his first official budget as Chancellor. Credit: Mark Hall / NationalWorld

What time is the Spring Budget today?

The Boiler Upgrade Scheme was released to much fanfare in March 2022 (images: Getty Images/Adobe)

Boiler Upgrade Scheme ‘way off target’ analysis of official data shows

Prime Minister Liz Truss, who said on three separate occasions she would do all she could to save Doncaster Sheffield Airport, has now distanced herself from the issue.

How long was Liz Truss Prime Minister? Ex-PM makes politics comeback

Liz Truss quits after six weeks as Prime Minister

Liz Truss: I was not given a chance as PM by economic establishment

Here’s how Nadhim Zahawi’s tax scandal unfolded - from the initial investigations by HMRC and the National Crime Agency, all the way to his sacking by Prime Rishi Sunak. Credit: Kim Mogg / NationalWorld

Explainer Full timeline of Nadhim Zahawi tax scandal - and who knew what when

Councils left to ‘bid in dark’ for Liz Truss’ axed Investment Zones

Exclusive: No records of meeting between IEA and Jacob Rees-Mogg

Matt Hancock paid £45K to appear on Celebrity SAS: Who Dares Wins

Chancellor Jeremy Hunt has set out new cost of living support payments (Photo: Adobe)

New £900 cost of living payment confirmed for ‘vulnerable people’

Stamp duty is a tax on property purchases (image: Getty Images)

Stamp duty explained - what autumn statement changes mean for you

Chancellor Jeremy Hunt today unveiled his autumn statement. Credit: Mark Hall / NationalWorld

How the autumn statement compares to the mini budget

Jeremy Hunt announced the UK budget on Thursday 17 November (image: Getty Images)

45p income tax rate explained as more people set to pay top rate

Jeremy Hunt leaves 11 Downing Street, London, for the House of Commons to deliver his autumn statement. Credit: PA

Energy bills will rise to £3,000 but more support for the vulnerable

Chancellor Jeremy Hunt faces a major challenge to get the UK’s finances back on track (image: Getty Images)

Here are 5 things we can expect from Jeremy Hunt’s autumn budget

David Cameron and George Osborne introduced austerity to the UK in 2010 (image: Getty Images)

Austerity explained - how economic policy affected UK in the 2010s

Jeremy Hunt replaced Kwasi Kwarteng as Chancellor of the Exchequer on 14 October (image: Getty Images)

Jeremy Hunt’s budget - what time is autumn statement and OBR briefing

Labour demand Liz Truss and Kwasi Kwarteng hand back severance pay-out

Jeremy Hunt has said everyone will be paying more tax after he announces his autumn statement. Credit: PA

Chancellor Jeremy Hunt says everyone will be paying more tax soon

Former Cabinet minister Jeremy Hunt is MP for South West Surrey where he has a majority of 8,817.

How long has Jeremy Hunt been chancellor for? Who did he replace?

Kwasi Kwarteng claims he warned Liz Truss against going too fast with her radical economic reforms (Photo: Getty Images)

Kwarteng told Truss to ‘slow’ reforms as he slams decision to sack him

Higher mortgage rates are likely given the Bank of England has raised interest rates (image: AFP/Getty Images)

Should you fix your mortgage? Latest advice explained

The Bank of England has raised interest rates to 3% (Photo: Getty Images)

Interest rates hit 3% after biggest hike for three decades

(Photo: Cate Gillon/Getty Images)

House prices fall month on month for the first time in 15 months

The value of the pound tumbled relative to the Dollar in August 2022 (image: AFP/Getty Images)

Why value of pound is rising against the dollar - UK impact explained

The pound has fallen to an all-time low against the dollar (image: Getty Images)

How the pound compares to other currencies as Liz Truss resigns as PM

Liz Truss’ (left) time as PM could be running short - could Boris Johnson make a dramatic return? (Photos: Getty Images)

‘Bring back Boris’ - can Johnson come back as Prime Minister?

What happens if Liz Truss resigns as Prime Minister? Credit: Mark Hall / NationalWorld

What happens now Liz Truss has resigned as Prime Minister?

Shell Recharge raising public charging tariffs by up to 20p from today

Suella Braverman is no longer the Home Secretary. Credit: PA

Suella Braverman out as Home Secretary as Tory party chaos continues

Liz Truss’ senior adviser Jason Stein has been suspended after an “unacceptable” briefing was given to the press about Sajid Javid. (Credit: Getty Images

Liz Truss’ senior No10 adviser Jason Stein suspended

Home Secretary Suella Braverman arriving for the weekly cabinet meeting at 10 Downing Street on 18 October. And some tofu (Photos: ADRIAN DENNIS/AFP via Getty Images/Pexels)

Suella Braverman’s ‘tofu eating wokerati’ comments explained

Chancellor Jeremy Hunt’s emergency statement marked one of the biggest U-turns in political history (Composite: Mark Hall / NationalWorld)

Every mini-budget U-turn from Jeremy Hunt that will affect your money

This is when the next UK General Election is due to take place. (Credit: Getty Images)

When is the next UK General Election?

National Insurance is set to go down again (image: Adobe)

When Liz Truss’s National Insurance tax cut will come into effect

Liz Truss won over Tory members with her unfunded vision of a low-tax, high-growth Britain

Liz Truss wanted to reward the 1% - now it’s the 99% who will pay

Jeremy Hunt scraps 1p income tax cut - how much would you have saved?

The Prime Minister said she recognises mistakes were made (Photo: PA)

Liz Truss says sorry and vows to lead Tories into next election

Here are the new rules around calling for a snap election in the UK. (Credit: Getty Images)

When a snap election can be called as PM faces political pressure

UK Prime Minister Liz Truss. Credit: Daniel Leal - WPA Pool/Getty Images

Every government U-turn on Liz Truss’ mini budget explained

How long can Liz Truss remain Prime Minister? Credit: Mark Hall / NationalWorld

Long read: Will Liz Truss remain as Prime Minister after U-turns?

Five million families face yearly mortgage bills rise of £5,100

Corporation tax is a major source of money for the Treasury but Conservatives argue it harms the UK’s attractiveness to businesses (image: AFP/Getty Images)

Corporation tax explained as Jeremy Hunt confirms government u-turn

Prime Minister Liz Truss during a press conference in the briefing room at Downing Street

Politics: Liz Truss ‘still in charge’ insists new Chancellor

Chancellor Jeremy Hunt has announced plans to reverse “almost all” of the tax cuts announced by Kwasi Kwarteng (Photo: PA)

Jeremy Hunt reverses ‘almost all’ tax cuts in emergency statement

LONDON, ENGLAND - OCTOBER 14: UK Prime Minister Liz Truss answers questions at a press conference in 10 Downing Street after sacking her former Chancellor, Kwasi Kwarteng, on October 14, 2022 in London, England. After just five weeks in the job, Prime Minister Liz Truss has sacked Chancellor of The Exchequer Kwasi Kwarteng after he delivered a mini-budget that plunged the UK economy into crisis. (Photo by Daniel Leal - WPA Pool/Getty Images)

Game ‘is up’ for Prime Minister, warns former Tory minister

Clockwise from top left: David Cameron, Liz Truss, Boris Johnson, and Theresa May have all served as PM over the last 12 years (Photos: Getty Images)

How long have the Tories been in power? Conservative PMs since 2010

Miriam Margolyes during the filming for the Graham Norton Show Picture: PA

Miriam Margolyes: what did actress say on Radio 4 about Jeremy Hunt?

Liz Truss has already backtracked on some of the 2019 Tory manifesto pledges. Credit: Mark Hall / NationalWorld

Every 2019 Conservative manifesto pledge Liz Truss has broken so far

Leader of the Labour Party Sir Keir Starmer has called for a general election. Credit: PA

Keir Starmer calls for general election and condemns PM Liz Truss