Kwasi Kwarteng has had to make a second humiliating U-turn after markets reacted badly to his package of tax cuts. Less than 24 hours after reversing the plan to scrap the 45p top rate of income tax, the Chancellor has announced that the date for his new fiscal plan is being brought forward.
He is now expected to publish details on how the cuts will be paid for later this month despite previously insisting he would wait until November 23. Mr Kwarteng says he wants to "move forward" with no "distractions".
Read more: Government makes U-turn on mini-Budget income tax pledge
