#AceDailyNews says here’s todays Newspaper Headlines: Its all about ‘ Truss on Sunday Saying The Tax Rate of 45% Will Stay & TODAY – Tories Withdraw and more chaos on the horizon as many many other issues raise their head above the parapet and now chances of ‘ Power Cuts in Electricity ‘ according to OFGEM AFTER warning by one supplier Next ? Kindness & Love XX says 🙏🙏’ to Get Help & Guidance Amen
Many of Monday’s front pages focused on the weekend row over the plans to abolish the 45p tax rate – before they were overtaken by Monday morning’s events. There had been a growing rebellion among Tory MPs against the proposal, the Daily Telegraph reports. According to the paper, which cites government sources, Liz Truss will not ask MPs to approve the tax cut until they have seen how it will be funded in the chancellor’s medium-term plan on 23 November. The measure was outlined in last Friday’s mini-budget, which sparked market turmoil and saw the value of the pound plummet.The Metro leads on former cabinet minister Michael Gove’s criticism of the mini-budget. The former levelling-up secretary called the mini-budget “not Conservative” and criticised “a number of mistakes” in Ms Truss’s plan to grow the economy by increasing the amount of borrowing.Mr Gove is joined by his former cabinet colleagues Grant Shapps in criticising the PM’s tax-cutting plans. Writing in the Times, the former transport secretary said the government should not be making “big giveaways to those who need them least”.Reflecting the wider anger from within the Conservative ranks, the i opts for the headline: “Tory rebellion builds against defiant PM.” The paper reports that Ms Truss faces a “growing revolt”, with rebel MPs (correctly) believing they could force the government into a U-turn on its 45p tax cut plans. It comes after Labour surged in the polls following the mini-budget.Striking a similar tone, the Guardian says some MPs are threatening an “all-out rebellion” amid fears the Tories could become known again as the “nasty party”. Prior to the announcement’s reversal, it said the PM displayed “a sliver of remorse” for the way the mini-budget was received, her chancellor remains defiant. It also reports that Kwasi Kwarteng wold pledge on Monday to “stay the course” with what he calls a “sound, credible” plan.But the Daily Mail focuses instead on what it calls a Conservative “backlash” against Mr Gove’s “savaging” of the mini-budget. The paper says that Mr Gove used a series of appearances at the party conference to stoke anger towards the government’s plan to abolish the 45p top tax rate. “Isn’t getting rid of one prime minister enough for him?” the paper quotes one senior Conservative as saying.“Truss ‘is finished'” is the headline on the front of the Daily Mirror, which quotes a former cabinet minister’s damning verdict on the new leader’s premiership. The source warned last night that Ms Truss would be ousted by Christmas unless she did a U-turn on the planned tax cuts for the wealthy.The Daily Express’s lead story reports Mr Kwarteng had vowed to “stay the course” with his economic plan. The paper reports that the chancellor will tell the Conservative Party conference on Monday that the government has an “iron-clad commitment to fiscal discipline” in an attempt to draw a line under the market turmoil of the past week.“Kwarteng to defy mounting Tory rebellion with defence of tax cuts” was the Financial Times’ take on the same story, before this morning’s U-turn. Several Conservative MPs have told the paper they would not support the PM’s economic plan and that it would be defeated in the House of Commons.In other news, the Sun reports on Melanie Brown’s appearance at a Conservative conference event run by the paper and Women’s Aid. The former Spice Girl has called for more support for domestic abuse victims. “How many more must die?” is the paper’s headline.And finally, the Daily Star has an image of a giant burger on its front page, accompanied by the headline “Happy meal”. The paper says that the fast food item can help ward off depression, citing an unlikely finding from a new study.
The front pages are filled with talk of a Conservative rebellion as the chancellor prepares to defend the government’s economic plans at the Tory party conference in Birmingham.
According to the Daily Telegraph, Liz Truss is to delay a vote on scrapping the top rate of tax after the former Levelling-up Secretary, Michael Gove, added his voice to growing criticism of the plan, calling it “not Conservative”.
The Daily Mail’s headline questions whether the prime minister could be on the brink of a U-turn, in the face of what it calls a “mounting Tory revolt”.
It says there is speculation that the tax cut could be ditched by No 10 in a bid to shore up support for the rest of the mini-budget measures.
Downing Street has told the BBC there is no delay to a vote.
The Guardian says a “rising drumbeat of discontent” is overshadowing the Tories’ conference as some MPs threaten all-out rebellion amid fears they will once again become known as “the nasty party”.
An unnamed former cabinet minister has told the Daily Mirror that Ms Truss has lost all credibility and will be ousted as prime minister by Christmas unless she abandons her tax cuts for the wealthy.
The Times highlights the latest criticism of Ms Truss’s plans by the former Transport Secretary, Grant Shapps.
Writing in the paper, he says cutting the top rate of tax is a “tin-eared” move that has managed to alienate almost everyone.
The Daily Express says the chancellor will draw a line under the market turmoil of the past week when he issues a “conference battle cry” this afternoon.
Kwasi Kwarteng is expected to say the government “must stay the course” as watered-down alternatives would leave Britain on a path of “managed decline”.
Mr Kwarteng’s speech is also previewed by the Financial Times, which notes the chancellor will insist he is confident his plan is the “right one”.
The paper’s editorial disagrees, warning that every easy round of applause won inside the political bubble of conference risks reinforcing the instinct to double down on what it calls the “disastrous” mini-budget rather than recognise that markets value orthodoxy.
Yesterday’s conference appearance by the singer, Mel B, is featured by the Sun, which says the former Spice Girl took the event “by storm” as she demanded action on domestic abuse.
It reports that a pin drop could be heard as politicians took in the star’s powerful testimony about being in a decade-long abusive relationship, before she called for more funding for support services.
The Sun’s leader column says it hopes her message got through as “too many victims don’t survive”.
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