The Latest Breaking News from George Osborne

Corporation tax plans likely to be latest to be dropped – bad news for Kwarteng’s credibility, but good for his balance sheet

Kwasi Kwarteng has said he is ‘totally focused’ on delivering the tax-cutting plans in the mini-budget

‘Don’t prolong the pain’: IMF suggests government should accept swift climbdown

Chances needed now, suggests former chancellor – as Priti Patel says ‘market forces’ could force reversal

Brief letters: Economic harm | Size of a soccer pitch | Save the coronation date | Teacher exhortations | Humble pie

PM’s experiment has ‘blown up the chemistry lab’, says former chancellor

Exclusive: Tory MPs warn PM she would lose vote on increasing benefits only in line with earnings rather than inflation

Wilkinson Eyre’s restrained conversion of the London landmark embraces the bravura of the original design, while the new flats aren’t so successful

U-turns are an inelegant but necessary manoeuvre on the erratic journey of politics. Tony Blair executed one on his pledge to hold a referendum on the EU constitution, deepening integration in the early 2000s, while George Osborne engaged his reverse gear as chancellor over benefit cuts to diffuse an internal…

The PM and chancellor have some breathing space, but the rest of their plan will trigger more revolts, says Guardian columnist Gaby Hinsliff

The chancellor appears unwilling to reverse any of the measures in his mini-budget. If he is to survive, it may be down to factors beyond his control