The Guardian view on central bankers: don’t put them in charge of the crisis Editorial: The UN is right to warn that governments risk a worldwide recession precipitated by excessive rate rises
UK investors brace for another week of market turbulence Analysts expect more financial jitters after Bank of England ends intervention, while new chancellor tries to project calm
Joe Biden calls Liz Truss tax cuts a ‘mistake’ as political fallout continues US president rejects ‘cutting taxes on the super-wealthy’ and says he is not the only world leader critical of abandoned plan
Archbishop of Canterbury criticises tax cuts for the rich Justin Welby ‘deeply sceptical about trickle-down theory’ and can see no moral case for budgets that disproportionately affect poor
As Truss heads for crucial Monday, signs are that U-turns will not be enough Jeremy Hunt is trying to reassure hedge funds but UK’s reputation for political stability has been shredded
Jeremy Hunt says Liz Truss is still in charge, but fails to rule out more U-turns Chancellor warns of public spending cuts as he tears up PM’s economic agenda and vows to reassure markets
Liz Truss hasn’t saved her own skin by making a sacrifice of Kwasi Kwarteng Her premiership is finished. Tory MPs now have to decide how to finish her off
Yes, a new economic era was coming, but that made this act of self-harm even more idiotic All advanced economies are facing a tough future as interest rates spike. But only one decided to add a heap of uncertainties of its own making
Jeremy Hunt welcomed by Tories as he tears up Liz Truss’s fiscal plan There’s relief among Conservative MPs as the new chancellor seeks to bring stability back to government
Here’s my plan for growth, Liz Truss: rejoin the EU and let its citizens work here It was no good for the PM and Kwasi Kwarteng to dismiss U-turns on their growth plan as ‘distractions’, the damage is done
The Observer view on Liz Truss and the sacking of Kwasi Kwarteng Our now titular prime minister has run out of options, but at least the right has finally loosened its grip on the economy
The unravelling: the full story of how Liz Truss lost her way – and her authority in the Tory party The prime minister ditched her close ally Kwasi Kwarteng to save her own job – but now Conservative MPs are openly plotting to replace her
If Jeremy Hunt is to be Truss’s saviour, he needs more than austerity 2.0 Tax-cut U-turns won’t be enough to balance the books, so the new chancellor will look at cutting public service budgets. But there is an alternative
Jeremy Hunt says difficult decisions ahead after Truss ‘mistakes’ New chancellor vows to be ‘completely honest with country’ amid rumours PM has only weeks left in role
Keir Starmer criticises ‘grotesque chaos’ under Liz Truss government Labour leader says UK is ‘crying out for clear leadership’ and his party ‘must provide it’