#AceDailyNews says here’s today’s Newspaper Headlines: It’s all about Liz Truss ‘ Saying One Thing & Doing Another, ‘and she NOW faces new Tory rebellion’ after tax cut U-turn ‘ & PROMISES like Pie-Crusts – Easily Broken – This time it Benefits NOT RISING Inline with Inflation – Thus a Cut – Next? Kindness & Love XX says 🙏🙏’s for PM Blunder Truss to make a decision and stick to it Amen
“Get A Grip!” is the headline for the Daily Mail, one of many papers to lead on the government’s U-turn on scrapping the top rate of tax. The Mail says Liz Truss “caved in” to pressure from senior Tories – raising concern among the prime minister’s supporters that she lacks the determination to see through the rest of her programme.
The Metro’s headline quotes the chancellor himself: “What A Day!”
The Daily Star mocks up Kwasi Kwarteng and Liz Truss in a clown car and calls the Prime Minister a “poundland Thatcher”, saying the lady is for U-turning.
The Daily Mirror says a shameless Mr Kwarteng “laughed off” the reversal in his conference speech.
Liz Truss tells the Daily Express it’s not been an easy week – but she’s listened to people’s concerns.
The Financial Times’ leader column says this is a moment of acute embarrassment for the prime minister and her chancellor. While dropping plans to axe the 45p tax rate may ease some political pressure, the paper says, the economics of the mini-budget still do not add up.
The Times says the government cannot afford any more mistakes – and only a credible plan to reduce debt and a rigorous independent forecast can revive Tory fortunes.
The Daily Telegraph and the Guardian say Tory rebels are now aiming to prevent a squeeze on benefits. Downing Street is considering increasing Universal Credit by below inflation, according to the Telegraph. Number 10 is said to be “preparing to question” whether it is fair that people on benefits receive inflation-linked rises, while many workers get real-terms pay cuts. One senior minister tells the paper the Cabinet will “blow a raspberry” if Liz Truss brings the idea forward.
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