The Latest Breaking News from George Osborne

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

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

Huge ‘unforced error’ set to push Britain back to George Osborne-era cuts, says think tank

Britain has endured 40 years of decline thanks to this faulty economic theory. Will Keir Starmer finally kill it off?, says Yanis Varoufakis, leader of MeRA25 in Greece’s parliament

Labour has a brief window to sear a narrative into the public’s mind, so the Conservatives are saddled with this crisis for years, says Guardian columnist Jonathan Freedland