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#AceNewsRoom With ‘Kindness & Wisdom’ Oct.18, 2022 @acebreakingnews

Ace News Room Cutting Floor 18/10/2022

Follow Our Breaking & Daily News Here As It Happens:

#AceDailyNews says here are today’s Newspaper Headlines: It’s all about ‘ Hunt Takes Charge’ in an ‘astounding’ U-turn on TAX with more to come and all that was given by the RIGHT – HAND – Chancellor will TAKE with LEFT – HAND with UNIONS CALLING FOR ALL OUT STRIKES OF UP TO AT LEAST A MILLION likely so Kindness & Love XX says its 🙏🙏’s for someone – anyone to take over and put people before PROFIT Amen

i paper
Most of Tuesday’s papers lead with the chancellor’s reversal of tax cuts as the prime minister tries to rally support for her own survival. The i says Liz Truss has 48 hours to save her premiership, with the next flashpoint being this week’s Prime Minister’s Questions. She is defiant in public but has privately acknowledged that she faces a battle to survive this week, the paper says.
Guardian front page
Chancellor Jeremy Hunt has announced an “astounding” U-turn on tax, says the Guardian, as he has ripped up the prime minister’s economic plans. His changes include slashing the energy price freeze that Ms Truss had championed repeatedly. Sources told the paper that the PM met with Sir Graham Brady, chair of the 1922 Committee, on Monday where they discussed the scale of MPs’ anger.
Financial Times front page
The Financial Times says the prime minister’s future is on a “knife-edge” after Mr Hunt shredded her economic policies. While the new chancellor was rewriting the economic strategy on Monday, Ms Truss was holding crisis talks. Several MPs said Sir Graham Brady had already received a “significant” number of letters of no confidence, the paper reports.
Daily Mail front page
Ms Truss was warned on Monday night that she was “in office but not in power”, says the Daily Mail. The PM acknowledged that she had gone “too far and too fast” with her economic strategy and has been trying to rally support from her MPs, the paper reports.
Metro front page
“The axeman cometh” declares the Metro, referencing Mr Hunt’s shredding of the prime minister’s economic strategy. The paper says Liz Truss watched in silence and stared straight ahead as her new chancellor announced the changes on Monday.
The Sun front page
As Mr Hunt reversed the mini-budget, including the scrapping of tax-cuts that Ms Truss promised just 24 days ago, the PM sat “ghostlike”, reports the Sun. The paper says the PM has vowed she will not quit but has said sorry for the mess.
Daily Mirror front page
“Humiliated” says the Daily Mirror as it reports the prime minister’s own MPs are plotting a coup. One Tory said Ms Truss has “poured petrol over everything”, it says. The paper also leads with a picture of Rod Stewart alongside a Ukrainian refugee family he is hosting.
Daily Express front page
The PM apologised on Monday night for her previously proposed mini-budget as she battled to save her position, declares the Daily Express. “I do want to accept responsibility” she said and privately apologised to MPs for the pain caused by her tax-cutting economic plans, the paper says.
Telegraph front page
Looking ahead to Tuesday, the chancellor will confront the cabinet with a demand to find spending cuts to restore the UK’s economic credibility, says the Telegraph. This comes after Mr Hunt warned MPs that “we must take decisions of eye-watering difficulty” and declined to rule out scrapping the pensions triple lock or a windfall tax, declares the paper.
The Times front page
Families could face up to £5,000 energy bills from April after the PM was forced to rip up her economic plans, says the Times. Mr Hunt announced on Monday that the energy price guarantee will come to an end in April. The paper reports that Ms Truss is fighting for her survival after six U-turns on her plans in one day.
Daily Star front page
The Daily Star has used salad references to explain the story leading all of Tuesday’s papers. Ms Truss’ is on “leaf support” and her tax plans have hit an “Iceberg” says the paper.

All of the papers focus on Liz Truss and her government’s efforts to restore its economic credibility.

The Sun says the prime minister sat silent in the Commons as the new chancellor ripped up the mini-Budget. It describes her as being “the ghost PM”. 

In his sketch in the Times, Quentin Letts calls her “a wraith in a state of shock”

“Humiliated” is the Daily Mirror’s take. 

The Guardian says Mr Hunt “shredded” the prime minister’s economic policies in one of the most astonishing U-turns in modern political history.

Christopher Hope writes in the Daily Telegraph that Mr Hunt“disembowelled his boss with the calmness of an HR manager firing someone over Zoom”. 

The Daily Express says he “showed signs of being someone who just might have the mettle to navigate the government through the choppy waters that lie ahead”. 

Jeremy Hunt

There’s plenty of speculation about the prime minister’s future. 

The Telegraph reports that Conservative rebels have sped up plots to oust her from office. The paper also says Ms Truss is expected to have a second meeting this week with the Tory MP and chairman of the influential 1922 Committee, Sir Graham Brady – a move that is “likely to be seen as an indicator that her position is now hanging by a thread”.

The Daily Mail’s editorial says the time has come for the “wise men and women” of the Conservative party to decide whether the loss of confidence in the prime minister is “terminal”.

And if it is “they must come to a solution – and fast – that can command the support of MPs and the “millions of Tory voters looking on in horror”. 

The Sun’s comment piece says if Ms Truss can’t “quickly sort herself out”, then the “grown-ups” will need to agree a “peaceful transition to a sensible figure”. It also says the thought of her having to appear at Prime Minister’s Questions this week is “almost tragic”.

The i reports that opponents of Liz Truss are still seeking a unity candidate to replace her, if she is forced out. Leading contenders, such as Rishi Sunak, are seen as too divisive to rally the Tory party and Defence Secretary Ben Wallace has insisted he does not want to take over. 

An anonymous former minister has told the paper that if a unity candidate can be found then Ms Truss would be “gone in a heartbeat”. 

A government insider has told the Express that the prime minister will survive because a replacement cannot be agreed on and there will be a “protracted death”. 

Some of the papers report on Sir Rod Stewart supporting a Ukrainian family of seven that has moved to the UK. He has rented a house for them in Berkshire. 

The Express says he found the home, furnished it and pledged to cover their bills for at least a year. 

He is quoted in the Mirror as saying he usually prefers to keep his charitable efforts “nice and quiet” – but hoped that by making his actions public others might be inspired to help too.

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