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Reuters
Reuters
Business
By William Schomberg and David Lawder

UK's Kwarteng heads home early amid reports of fiscal policy U-turn

FILE PHOTO: British Chancellor of the Exchequer Kwasi Kwarteng adjusts his glasses during Britain's Conservative Party's annual conference in Birmingham, Britain, October 3, 2022. REUTERS/Toby Melville

British finance minister Kwasi Kwarteng cut short his trip to Washington for this week's global finance minister meetings and has headed back to London amid reports Prime Minister Liz Truss is considering reversing more of her government's controversial "mini-budget".

Kwarteng confirmed to reporters in Washington that he was flying back to London early, without providing further details. Sources familiar with the matter said he planned to meet with colleagues to work on his medium-term budget plan.

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