Kwasi Kwarteng has today been sacked as Chancellor after being met with widespread backlash over his latest mini-budget.
Kwarteng was appointed to the role by Prime Minister Liz Truss only 38 days ago, but many detractors believed he was on his way out the door after he unveiled his mini-budget on 23 September – where he notably and controversially announced £45 billion in unfunded tax cuts.
Kwarteng confirmed in a letter written to the Prime Minister and shared to social media this afternoon that he was asked to “stand aside” as Chancellor.
His letter reads in full: “You have asked me to stand aside as your Chancellor. I have accepted.
“When you asked me to serve as your Chancellor, I did so in full knowledge that the situation we faced was incredibly difficult, with rising global interest rates and energy prices.
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“However, your vision of optimism, growth and change was right.
“As I have said many times in the past weeks, following the status quo was simply not an option. For too long this country has been dogged by low growth rates and high taxation – that must still change if this country is to succeed.
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“The economic environment has changed rapidly since we set out the growth plan on 23 September. In response, together with the Bank of England and excellent officials at the Treasury we have responded to those events, and I commend my officials for their dedication.
“It is important now as we move forward to emphasise your government’s commitment to fiscal discipline. The medium-term fiscal plan is crucial to this end, and I look forward to supporting you and my successor to achieve that from the backbenches.
“We have been colleagues and friends for many years. In that time, I have seen your dedication and determination. I believe your vision is the right one. It has been an honour to serve as your first chancellor.
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“Your success is this country’s success and I wish you well.”
Kwarteng’s sacking this afternoon following growing backlash from various sides comes after he suddenly U-turned on his plans to scrap the 45p rate of income tax for the UK’s highest earners at the start of this month.
The change of heart came just 10 days after he unveiled his mini-budget, which led to 10 day of market turmoil and fierce pressure from both within Conservative party and from opposition.
Kwarteng said that the proposals had “become a distraction” in his U-turn statement.
His statement read: “From supporting British business to lowering the tax burden for the lowest paid, our Growth Plan sets out a new approach to build a more prosperous economy. However, it is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our country.
“As a result, I’m announcing we are not proceeding with the abolition of the 45p tax rate.”
Featured Image – Kyle Heller (via 10 Downing Street)
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Olivia Dean at Albert Hall – star stuns in every way in Manchester
Abbie Bartlett
24-year-old neo soul singer Olivia Dean was in Manchester last night performing her Mercury prize-nominated album effortlessly with a voice and style made for the stage.
Fans of the star have watched her go from strength to strength over the past year, from being nominated for three Brits, performing at Coachella and now preparing for this year’s Glastonbury festival.
As someone who frequents gigs like they’re going out of fashion, it’s a bold statement but I think this may be one of the best I’ve ever experienced, and Olivia Dean can only be described being a star.
Before we dive into the performance, it’s only fair to take a minute to shoutout what an incredible venue for music the Albert Hall is. The former Methodist hall projects and echos acoustics perfectly and the raised stage and balcony area mean everyone in the building has a good view.
It’s no surprise that given her recent success the show at the Albert Hall was a complete sell-out, appearing on stage in a stunning floor-length silk dress the sea of fans filled the venue with admiring applause.
With a seven-piece band behind her, the star jumped straight into an atmospheric UFO before a cheery ‘How are we Manchester?’ and raising a can of Red Stripe. She quickly follows with Ok Love You Bye – a track that gets the whole crowd singing along and contemplating their past love decisions (maybe that last bit was just me).
The singer seamlessly glided through her set with ease, tambourine in hand, wowing fans with gorgeous melodies and relatable lyrics.
Gracefully sitting at the piano the room fell to silence as we heard Everybody’s Crazy and ICould Be a Florist, I’d predict I wasn’t the only person crying at this point.
As the evening rolled on and the songs kept coming the genuine talent Olivia has, not just as a singer but as a lyricist, had the crowd hooked on her every word. Of course she ends with Dive, the standout track from the album that perfectly depicts how it feels to fall in love.
Olivia Dean 2024 setlist
UFO
Ok Love You Bye
Echo
Danger
Cross My Mind
Be My Own Boyfriend
What Am I Gonna Do on Sundays?
No Man
Messy
Touching Toes
Everybody’s Crazy
I Could Be a Florist
Ladies Room
Reason to Stay
The Hardest Part
Carmen
Saying her goodbyes with a ‘I’ve had such a lovely evening’ and telling the crowd how happy she is to be back home in the UK after recent shows in America.
Experiencing Olivia Dean at Albert Hall felt genuinely special, the star is destined for a life time of deserved fame but her voice was made to be experiences in an intimate venue. The opportunity to enjoy her talent in such a perfect venue was nothing short of a divine evening.
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2024 Manchester Marathon raises £29 million for local economy and over £3.7m for charity
Danny Jones
Just under a fortnight on from the 2024 Manchester Marathon and the numbers are finally, with the annual race generating nearly £30 million for the local economy and raising over £3.7m for charity.
This year’s Adidas Manchester Marathon saw record numbers of runners and spectators as over 30,000 took part in the popular race, up by roughly 6,000 from 2023, and more than 125k turned up to line the streets of Greater Manchester.
As a result, these huge crowds spent upwards of £29.2 million at business around the city centre and around the 10 boroughs last weekend, serving as one of the most significant contributions to the local economy on the annual calendar.
Not only was this an approximately £8m increase on last year’s tally but, most importantly, a sizeable chunk of that went straight into both regional and national charities.
The 2024 adidas Manchester Marathon was a spectacular day for the city and its economy.
Beyond the boost to local vendors, the hospitality sector and retail businesses, over £3.7 million were allocated to charities such as Alzheimer’s Charity, Cancer Research UK, British Heart Foundation and The Christie.
Over £32,000 was also raised for the Trafford Active Fund, with £1 from every paid entry to the Adidas Manchester Marathon and Manchester Half donated directly to the initiative that benefits local sports clubs and organisations through Trafford Council.
Better still, with City of Trees selected as the chosen ‘Green Runner’ charity, the eco-friendly drive saw roughly 7% of participants opt out of receiving either a finisher t-shirt, medal or both.
The money saved in production goes towards maintaining woodlands and wildlife across Greater Manchester.
Together you have raised over £3.7 million for charitable causes, adding even more meaning to those 26.2 miles 💕 Well done and thank you to all those who fundraised and donated! 🌟Tag us in those charity top pictures from last weekend 😍😍#ManchesterMarathonpic.twitter.com/5gsi6NtFzB
This year’s Manchester Marathon also helped produce some of the highest number of passengers on public transport in the city’s history, with a over 175,000 journeys made on Metrolink alone – the highest number of journeys ever recorded on a single day.
This was a 20% increaseon 2023’s race day (145k), spotlighting how the event continues to be more environmentally conscious as years go by.
With the 2025 adidas Manchester Marathon confirmed to be taking place on Sunday, 27 April next year – and over 12,000 places already sold – the city can already look forward to reaping the economic and social benefits of hosting one of Europe’s largest, flattest, friendliest and most-loved marathons.