Kwasi Kwarteng confirmed as new Chancellor in Truss cabinet

In a widely-expected move, Kwarteng has taken over the role of Chancellor from Nadhim Zahawi. Kwarteng previously held the office of Business Secretary since January 2001. The economy was one of the key areas highlighted in Truss' first speech outside 10 Downing Street earlier today (6 September), alongside the energy crisis and the NHS. "I will get Britain working again. I have a bold plan to grow the economy through tax cuts and reform. I will cut taxes to reward hard work and boost business led growth and investment," Truss declared. "I will drive reform in my mission to get the...