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.
“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.”
Kwasi Kwarteng sacked as Chancellor by Liz Truss after mini-budget backlash / Credit: 10 Downing Street
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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Salford confirms another ex-player as new CEO of phoenix rugby club
Danny Jones
As Salford turns the page of a new chapter in its rugby league history, ex-Red Devils player Ryan Brierley has been announced as the new chief executive officer (CEO).
His appointment was confirmed on Wednesday, 24 December, giving Salford rugby fans some fresh hope over the festive period.
Brierley, who played as a full back at Salford Red Devils from 2022 before leaving for Oldham RLFC halfway through last season earlier this year, follows fellow former player Mason Caton-Brown in returning to the team in a leadership capacity.
Sharing the news on his own social media, he wrote: “Incredibly honoured to announce I have been appointed Chief Executive Officer of Salford RLFC.”
His official statement goes on to read: “I would like to place on record my gratitude to the board members Malcolm Crompton, Mason Caton Brown and Paul Hancock for this opportunity. I would also like to thank the RFL and Salford City Council for their continued support.
“Lastly, but most importantly, to the Salford fans: what we had to go through last year was heartbreaking. I think I can speak to the wider Rugby League community and echo the sentiments of all fans that no club should ever go through that experience.
“Thank you for letting me lead this organisation into a new era. I’ve always said Salford people are my people and I will protect this club, with its best interests at heart. It is important [that] expectations are managed, and patience is required.”
He signed off by simply asking for the same support he was afforded as a fan, adding: “I have no doubt in my mind that you will go above and beyond, it’s just what Salford fans do…”
Led by the aforementioned Caton-Brown (a retired winger who played for the Red Devils between 2014-26), as well as another pair of directors in Hancock and Crompton, the Salford phoenix club has officially been given a Championship license for 2026.
Although relegation from the Super League and liquidation after 152 years were dark days for the club, this new consortium has already provided fans with some promising signs.
Besides saving the Salford sporting institution from total extinction, having previous members of the old outfit who know the bones, the stadium, the culture and the city so well is obviously a big bonus.
For now, it is a race against time to get a squad ready for the season opener against Brierley’s last team, Oldham – though contracts for a head coach and several players have reportedly been “pre-agreed”.
Featured Images — John Moorhouse (via Geograph)/supplied (via Rumpus PR)
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Netflix drops the first trailer for upcoming Peaky Blinders film
Danny Jones
It looks like Christmas has come early for TV drama fans and cinephiles, because Netflix has officially dropped the first trailer for the upcoming Peaky Blinders movie.
Popcorn at the ready – even the teaser alone has got us fired up.
ln just 70 seconds, they’ve managed to pull us right back in, and we cannot wait to see Cillian Murphy back in full-on Tommy Shelby mode.
Not exaggerating when we say we have LITERAL chills.
As you can see, they certainly haven’t scrimped on the budget with the first-ever feature-length Peaky Blinders film, neither in terms of production value nor the cast.
Then again, having already hosted the likes of Sam Neill, Tom Hardy, Adrien Brody, Anya Taylor-Joy and others in the series itself, as well as going on to become one of the most successful BBC shows of all time, they were never going to.
We’re sure you spotted plenty of them for yourselves, but the debut trailer for The Immortal Man gives us not only our first glimpses of now Oscar-winning Murphy, 49, back in the saddle (both figuratively and literally) but also fellow blockbuster Irish actor, Barry Keoghan.
Other big names set to appear in the movie – set for a limited release in theatres before launching exclusively on Netflix – include Rebecca Ferguson and Tim Roth. It still remains unclear, however, as to how any of these characters will knit into the new season.
It’s also worth noting that the trailer shares a little snippet of the historical context, this continuation of the Shelby story is playing into, as we see what looks to be Nazi figures meeting on screen.
Creator Steven Knight has already confirmed that the plot will fast-forward some years to meet back up with Tommy at the outset of WWII and his ancestral home of Birmingham during the Blitz.
Having already confirmed 6 March as the theatrical release date ahead of it going live on Netflix a fortnight later, the anticipation was seriously starting to ramp; this latest look has only added to the tinderbox of excitement.
What do you make of the Peaky Blinders: The Immortal Man trailer, and will you be watching it?
Emily Sergeant -
14th October 2022 
