The prime minister is fighting for her political survival after ditching a major chunk of the mini-budget and sacking her chancellor and close ally Kwasi Kwarteng.
But it is unclear whether Liz Truss’s gamble to stay in power will pay off, with financial markets remaining jittery and reports of a number of Tory MPs plotting to replace her.
After a tumultuous three weeks for the financial markets in the wake of Mr Kwarteng’s £45bn mini-budget tax giveaway, the PM acknowledged that “the way we are delivering our mission right now has to change”.
While his appointment was welcomed by some Tory MPs as “an experienced pair of hands”, others questioned why Mr Kwarteng was the one who had to go when he was pursuing policies Ms Truss espoused in her leadership campaign.
Image: Liz Truss appoints Jeremy Hunt as chancellor. Pic: Andrew Parsons / No 10 Downing Street
At a hastily-arranged news conference in Downing Street on Friday, Ms Truss dismissed calls for her resignation, saying she was “absolutely determined to see through what I have promised”.
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She announced she was abandoning Mr Kwarteng’s commitment to drop the planned rise in corporation tax from 19% to 25%, saving the Exchequer £18bn a year.
She also suggested a new squeeze on public spending which would “grow less rapidly than previously planned”.
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Do voters have confidence in Truss?
Ms Truss said it was a “down payment” on the medium-term fiscal plan on 31 October, when Mr Hunt will now set out how he intends to get the public finances back on track. It suggests further measures to plug the estimated £60bn void created by the mini-budget will have to follow.
“It is clear that parts of our mini-budget went further and faster than markets were expecting, so the way we are delivering our mission right now has to change,” she said.
“We will do whatever is necessary to ensure debt is falling as a share of the economy in the medium-term.”
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Analysing market reaction to latest U-turn
Voters’ response to her U-turn appeared reasonably favourable, with a snap poll by YouGov finding 49% of voters said Ms Truss was right to sack her chancellor.
Cabinet ministers also remained publicly loyal, tweeting their support for Ms Truss and her new chancellor.
But other Conservatives appeared to be divided over Ms Truss’s future as prime minister.
Heated messages were shared in Conservative Party WhatsApp groups after her news conference, with a screenshot sent to Sky News’ deputy political editor Sam Coates showing Crispin Blunt calling for Rishi Sunak and Penny Mordaunt to take over.
“Step forward Rishi and Penny, with our support and encouragement in the interests of us all,” it read.
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Kwarteng sacked after 38 days
There have also been multiple reports of Tory MPs and Conservative grandees plotting moves to force Ms Truss from Downing Street.
A source apparently close to Mr Kwarteng suggested that Ms Truss may only have bought herself a few more weeks in office, according to The Times.
Former leader Lord Hague warned that Ms Truss’s premiership “hangs by a thread”, while Conservative former chancellor Lord Hammond said the events of the past weeks had wrecked the party’s reputation for fiscal discipline.
During her news conference Ms Truss said she was “incredibly sorry” to lose Mr Kwarteng but insisted Mr Hunt shared her vision of a “high-growth, low-tax economy”.
But Mr Hunt’s appointment signals a major shift in policy direction – he is a more centrist figure than either Mr Kwarteng or Ms Truss and is unlikely to share their ideological free market commitment to tax cuts.
In July, Mr Hunt told Sky News cutting corporation tax was “not sexy, but necessary” as he backed plans to reverse the planned rises.
:: The new chancellor, Jeremy Hunt, will be speaking to Sky News from 7am today
A professional footballer has been jailed for causing the death of a cyclist in a car crash.
Mansfield Town forward Lucas Akins crashed into Adrian Daniel in his Mercedes G350 in Huddersfield on 17 March 2022, while taking his daughter to a piano lesson.
Leeds Crown Court heard that Mr Daniel, 33, suffered catastrophic head injuries and died 10 days later.
Akins, 36, played in Mansfield’s 0-0 draw with Wigan on 4 March, hours after pleading guilty at Leeds Crown Court to death by careless or inconsiderate driving.
The footballer has continued to play for Mansfield since the incident.
Judge Alex Menary said on Thursday that he had considered imposing a suspended sentence, but had concluded that only an immediate sentence of 14 months’ imprisonment was appropriate.
Image: Mansfield Town’s Akins. Pic: George Wass/PPAUK/Shutterstock
A spokesperson for Mansfield Town FC said it “acknowledges” the court’s decision and offered the club’s “sincere and deepest condolences to the family of Adrian Daniel at this difficult time”.
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“The club is considering its position with regards to Lucas and will be making no further comment at this stage,” the spokesperson added.
‘Like hell’
Prosecuting, Carmel Pearson said it was a “difficult junction to emerge from” but that the defendant “did not stop at the give-way sign”.
Savanna Daniel, Mr Daniel’s wife, told the court it had been “like hell and a nightmare [she is] not waking up from”.
“There was no reason for Adrian to be killed that way,” she said, adding it was “too simple a collision to have taken a life”.
Image: Adrian Daniel. Pic: West Yorkshire Police/PA
Mrs Daniel said she did not want Akins’s children growing up without their father as she did not want “any more lives to be destroyed from this”, but she criticised the defendant for failing to plead guilty at an earlier stage.
Tim Pole, representing Akins, said he was “fundamentally a decent, honest and hard-working individual”.
“I want to publicly apologise on his behalf,” he said.
Mr Pole added that Akins understood Mrs Daniel’s “frustration and anger” over the time it took him to plead guilty.
Handing down his sentence, the judge accepted that Akins’s remorse was genuine but by not admitting to the offence at an earlier stage, he had prolonged Mrs Daniel’s “heartache and grief”.
After the sentencing, Mrs Daniel said “three years of hell” had come to a close, in a statement via West Yorkshire Police.
She said Akins had made a “farce” of the justice system and that his failure to plead guilty sooner “makes a mockery of any remorse that Akins offers for his actions”.
Akins, who has played for Mansfield Town since 2022 and was previously with clubs including Huddersfield Town, Tranmere Rovers and Burton Albion, was also suspended from driving for 12 months.
Much of the UK will bask in warm, sunny conditions at the start of next week, with inland temperatures up to 10C higher than average, but it’s a mixed picture before then.
The first half of spring brought warmth and sunshine for many, but the last 10 days have been more changeable.
Some areas of Ireland, Northern Ireland, southwest Wales, and southwest England have seen much-needed rainfall, whereas parts of northern Britain have observed very little.
Image: Warm, sunny conditions, such as those in Harrogate on Thursday, are expected at the start of next week. Pic: PA
Tyne and Wear in northeast England has recorded just 7% of its average April rainfall, whereas Cornwall in the southwest of the country has already seen 156%.
And the Milford Haven rain gauge in Wales has seen over twice its average April rainfall.
There’ll be more rain over the next few days, mainly in the West, but it looks like high pressure will settle things down from Sunday.
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Temperatures will rise too, becoming widely above average on Monday and Tuesday.
Highs of 22C (72F) to 24C (75F) can be expected.
The highest temperature of the year so far is 24C (75F), seen at Northolt in northwest London on Saturday 12 April.
The settled conditions will bring plenty of sunshine, with UV levels expected to be around moderate.
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It’ll be dry for runners and spectators, with sunny spells and light winds.
Competitors in the Manchester Marathon on Sunday will face similar conditions to London’s runners; it should be dry with sunny spells. The temperature first thing will be around 9C (48F), but it’ll warm up with a high of about 19C (66F).
England’s schools are under fresh scrutiny after government data revealed a sizeable increase in both suspensions and permanent exclusions.
According to the Department for Education, almost 300,000 pupils were suspended during the spring term of 2023/24, an increase of 12% recorded in spring 2022/23.
Suspensions have nearly doubled since spring 2019, surging 93% from 153,465 back then.
Meanwhile, permanent exclusions were also higher and went from 3,039 to 3,107, a 2% rise.
At Lewis Hamilton’s charity Mission 44, chief executive Jason Arthur said: “We are continuing to see the number of children losing learning due to suspensions and exclusions grow year on year – especially for vulnerable learners who face disadvantage or discrimination.”
The reasons for both the suspensions and permanent exclusions were “persistent disruptive behaviour” but many voices from the education sector say the figures tell a deeper story about post‑pandemic pressures.
Mr Arthur said: “Persistent disruptive behaviour continues to be the most common reason – yet taking children out of the classroom often only addresses the symptom and not the underlying causes of poor behaviour.”
Campaigners and unions have also reacted with concern. Head of the Association of School and College Leaders Pepe Di’Iasio warned: “Young people only have one chance at a good education … missing classroom time damages their future.”
He urged ministers to back “early intervention strategies” rather than rely on exclusions as a quick fix.
Paul Whiteman, from the National Association of Head Teachers, echoed the plea, highlighting how poverty, the cost of living crisis and lingering pandemic fallout were fuelling bad behaviour.
He stressed that schools “need funded, specialist help” to tackle the root causes.
Charity director Steve Haines said: “Over 295,000 suspensions is a stark warning: our schools aren’t set up to support all students. Disadvantaged youngsters are four times more likely to be suspended.”
The Education Minister Stephen Morgan acknowledged the “broken system,” vowing that the government’s “Plan for Change” will roll out mental‑health professionals in every school, boost SEND support and expand free breakfast clubs –measures he says will curb the “underlying causes of poor behaviour”.