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The Latest Breaking News from Kwasi Kwarteng

Truss may ditch Budget pledge on corporation tax in new U-turn

Markets believe move is in the works as pressure grows on Prime Minister and Chancellor

Wales Online

Liz Truss news - live: Kwasi Kwarteng sacked as chancellor ahead of press conference

PM to make announcement after days of pressure from backbenchers

The Independent UK

Kwasi Kwarteng cuts short US trip as Liz Truss faces crisis with tax U-turn expected

Chancellor Kwasi Kwarteng is cutting short a trip to Washington, to fly home and tackle the financial chaos caused from his mini-budget with pressure growing on him and Prime Minister Liz Truss

Daily Mirror

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Kwasi Kwarteng dashes home early from US amid tax U-turn chaos

Chancellor cuts short International Monetary Fund meetings after insisting his job is safe, as Liz Truss appears to take reins on corporation tax cut

The Guardian - UK

Senior Tories ‘holding talks over replacing Truss with Sunak and Mordaunt alliance’

Plot comes as MPs say prime minister has ‘no credibility left’

The Independent UK

Tories 'plotting to replace Liz Truss with Rishi Sunak and Penny Mordaunt pact'

Liz Truss is said to be thinking of another mini-Budget U-turn as speculation grows that her days are numbered, with senior Tory MPs reportedly plotting a replacement

Daily Mirror

IMF chief rebukes UK officials over ‘policy coherence’

Kristalina Georgieva told UK’s finance minister and central bank chief that their policies should not be contradictory.

Al Jazeera

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Kwasi Kwarteng says he's not resigning as Chancellor despite 'inevitable' U-turn reports

KWASI Kwarteng appeared not to rule out a U-turn on corporation tax amid growing pressure to abandon more elements of the mini-budget that have…

The National (Scotland)

Kwarteng says ‘let’s see’ on corporation tax U-turn as pressure mounts

Chancellor hints at possible change of course on mini-budget amid growing Tory calls for rethink

Evening Standard

Chancellor says 'let's see' on corporation tax U-turn despite growing pressure

Kwasi Kwarteng could not commit to, nor rule out, a u-turn on yet another policy from the recent mini-budget

Manchester Evening News

‘Let’s see’: pressure builds for No 10 U-turn on corporation tax

Reversing key plank of her leadership pitch would be much bigger humiliation for Liz Truss than 45p rate U-turn

The Guardian - UK

How Liz Truss dug in over pledge to axe corporation tax rise

With speculation mounting of another mini-budget U-turn, we look at what the PM and her allies said about her policy

The Guardian - UK

Markets leap on reports of Liz Truss’s tax cuts U-turn. No time to dally

As PM ponders which measures to junk from mini-budget, pound rises by two cents against dollar

The Guardian - UK

Another U-turn looms – how much will it save and what else could the chancellor ditch?

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

The Guardian - UK

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The Independent UK

Chancellor says ‘let’s see’ on corporation tax U-turn amid growing pressure

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

The Independent UK

‘Desperate’ Liz Truss set to U-turn on corporation tax this weekend

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

The Independent UK

Don’t wait for ‘inevitable’ U-turn on mini-Budget, George Osborne tells Liz Truss

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

Wales Online

Kwasi Kwarteng refuses to step down but fails to rule out changes to the mini budget

He said he and the Prime Minister are 'totally focused' on delivering their growth plan

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The Guardian - UK

The Bank of England is selling off its most valuable asset: the perception of competence

It was the government that started this fire – but the Bank is proving to be a poor firefighter, says economist Duncan Weldon

Evening Standard

Kwasi Kwarteng- I am ‘absolutely 100 per cent not going anywhere’

The Chancellor has vowed he is “absolutely 100 per cent not going anywhere” as the Government came under pressure to U-turn over key parts of the mini-budget. Kwasi Kwarteng, who is in Washington to meet with the International Monetary Fund, said his “total focus is on delivering on the mini-budget”.…

Wales Online

Pressure on Truss and Kwarteng to announce more U-turns as IMF hints at need for 'recalibration of policies'

IMF leaders also had a 'constructive' meeting with Kwarteng

Evening Standard

Corporation tax U-turn looms large

There is a misconception about U-turns, that they are inherently bad. This is patently not the case. If you are travelling in the wrong direction, it is perfectly sensible to change course. The same is true in politics.

Daily Mirror

Defiant Chancellor Kwasi Kwarteng says he's 'going nowhere' as Tory mutiny grows

The top Tory admitted there had been 'some turbulence' but insisted he won't quit following the economic turmoil from his calamitous mini-Budget

Evening Standard

Chancellor Kwasi Kwarteng refuses to rule out corporation tax U-turn amid mini-budget mayhem

Kwasi Kwarteng refused on Thursday to rule out another humiliating U-turn - this time on corporation tax - and stressed he was not about to quit as Chancellor.

The Independent UK

Kwasi Kwarteng says he is ‘absolutely 100%’ not resigning as chancellor

Chancellor downplays chances of U-turn

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