Chancellor Kwasi Kwarteng has scrapped a number of key meetings and is flying back to the UK from Washington after a significant section of his mini-budget was re-drawn amid days of open revolt among Tory MPs. It appears another U-turn is on the cards.
Liz Truss is expected to scrap parts of her mini-budget amid growing pressure on the Prime Minister to rescue her administration. According to the BBC, the Chancellor has now cancelled planned meetings in the US and is leaving a day early for “crunch talks in the UK” over the mini-budget.
In the early hours of Friday morning the BBC, The Times and the Financial Times began reporting that Mr Kwarteng had cancelled appointments in the USA and was flying home.
