Kwasi Kwarteng has cut his trip to the US short to fly home for 'crunch talks' with Liz Truss amid the expectation of another major mini-budget U-turn.
The Chancellor was due to attend a final day of meetings at the international Monetary Fund’s (IMF) annual meeting in Washington today. But he told journalists on Thursday evening that he would fly back overnight, according to reports.
It comes as the Prime Minister is expected to be forced to scrap parts of her Chancellor's mini-budget in the days to come, amid growing pressure to reassure markets and rescue her administration. Reports suggest a U-turn will be made on the government's plan to scrap a rise in corporation tax, one of the landmark promises made by Ms Truss in her pitch to become Tory leader.
