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#AceNewsRoom With ‘Kindness & Wisdom’ Sept, 24, 2022 @acebreakingnews
#AceDailyNews says here are today’s Newspaper Headlines: It’s all about ‘ Feedback After Mini Budget ‘ that opposition parties say is a ‘ budget for the rich as the ‘pound plunges’ to ALL time low as this ” Risk ” maybe one that will not go the Tories way as they hold onto their jobs and their ratings fall, Kindness & Love says ‘ Love of Money Not God Leads To Fall From Grace 🙏🙏’s Amen
The biggest tax cuts in half a century dominate the front pages.
The Daily Mail celebrates the chancellor’s economic plans to try to boost growth. “At last! A true Tory budget,” proclaims its headline.
The paper says business chiefs have welcomed the measures, with the Confederation of British Industry saying there was “no choice but to go for growth”.
The Daily Express says Kwasi Kwarteng has come out fighting, after what it calls his “extraordinary package of measures”.
It says he will never apologise for “having the courage to bet big” on Britain.
According to the Express, “the seismic shake-up” delivers on Liz Truss’s vow to let people keep more of their money – while putting Britain “back on top”.
But the Daily Telegraph describes the package – announced on Mr Kwarteng’s 18th day as chancellor – as “a gamble on economic growth that caused turmoil in the financial markets”.
The paper says investors have “also ramped up their bets” on the Bank of England responding to what it calls a “fiscal bazooka”, with faster interest rate rises.
The Times calls it “Truss’s great tax gamble”, saying she is chancing her premiership on boosting growth “at all costs”.
According to the paper, leading economists want the Bank of England to implement an emergency interest rate rise as soon as next week, to prop up the pound and reassure the markets.
The Financial Times says concern over the amount of debt needed to finance what it calls the “tax cut gamble” triggered a “frenetic” day of trading, that raised doubts about whether Britain’s new economic approach was sustainable.
The i weekend says the plunge in Sterling was a “punishing early verdict” from the markets.
It also carries a warning that the chancellor faces a Tory backlash.
The i says some Conservative MPs think the party risks damaging its credibility if lower to middle-income earners don’t get “giveaways”, similar to the highest earners.
“A budget for the rich,” is the Guardian’s verdict.
For the Independent news website it is “Robin Hood in reverse” and “Truss’s tax gift to the rich”.
Away from the “mini” budget, the Telegraph’s front page carries the first official photograph of King Charles in his new office at Buckingham Palace.
“Down to business,” the paper says, above the picture of the King reaching across to his red box, as he sits behind an antique French mahogany writing desk.
#AceNewsDesk report ………..Published: Sept.24: 2022:
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