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The Latest Breaking News from Kwasi Kwarteng

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 · Oct 13, 2022

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 · Oct 13, 2022

‘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 · Oct 13, 2022

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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

The Independent UK · Oct 13, 2022

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

Wales Online · Oct 13, 2022

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

The Guardian - UK · Oct 13, 2022

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”.…

Evening Standard · Oct 13, 2022

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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

Wales Online · Oct 13, 2022

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.

Evening Standard · Oct 13, 2022

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

Daily Mirror · Oct 13, 2022

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.

Evening Standard · Oct 13, 2022

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

Chancellor downplays chances of U-turn

The Independent UK · Oct 13, 2022

Expectations of imminent Truss U-turn on corporation tax

Rebuke for Kwasi Kwarteng’s budget from IMF boss in New York

The Independent UK · Oct 13, 2022

Liz Truss bows to pressure with corporation tax U-turn ‘on the table’

Speculation that reversal on leadership campaign pledge risks split with her chancellor, Kwasi Kwarteng

The Guardian - UK · Oct 13, 2022

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Manchester Evening News · Oct 13, 2022

Fury after plans for long-awaited £20m leisure centre shelved

Pendleton Leisure Centre won't be coming after Salford Council's announcement

The Independent UK · Oct 13, 2022

As she battles economic turmoil and an unruly party, what next for Liz Truss?

The Prime Minister has been in No 10 for just over a month but is already the subject of Westminster speculation about her future.

Evening Standard · Oct 13, 2022

Downing Street distances itself from Jacob Rees-Mogg’s attack on Office for Budget Responsibility

Business Secretary questioned the accuracy of OBR’s forecasting claiming its record hasn’t been ‘enormously good’

Daily Record · Oct 13, 2022

Replacing Liz Truss would be a 'disastrously bad idea', claims Tory minister

Foreign Secretary James Cleverly hit back at critics saying getting rid of Truss would be a disaster economically.

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The Independent UK · Oct 13, 2022

Slapdown for Rees-Mogg over attack on economic forecasters

Business secretary’s broadside fuelled speculation of damning OBR verdict on Kwarteng mini-Budget

Daily Mirror · Oct 13, 2022

Rich donor grows Tory pie by paying '£25k' for Liz Truss speech at £1,500-a-head dinner

The party loyalist reportedly pledged the sum for a signed copy of the PM's much-maligned party conference in Birmingham, which saw her mocked for saying the UK needs to "grow the economic pie" and saw her interrupted by Greenpeace protesters

Daily Mirror · Oct 13, 2022

Jacob Rees-Mogg slapped down by No10 and top expert for attacking Tories' budget watchdog

A top economist said Jacob Rees-Mogg was half-right about the government's Budget watchdog being inaccurate... because the economy is actually WORSE than it predicted

The Guardian - UK · Oct 13, 2022

‘Pig’s ear’: Tory press raises doubts about Liz Truss’s future

Once-loyal papers such as the Sun and Daily Mail start to turn on PM amid financial turmoil

The Guardian - UK · Oct 13, 2022

Kwasi Kwarteng says ‘let’s see’ when asked about potential U-turn on corporation tax – as it happened

Chancellor does not rule out increasing corporation tax when asked about whether government will perform U-turn

The Guardian - UK · Oct 13, 2022

No 10 dismisses rumours of Liz Truss U-turn on tax cuts

Gilts and pound rallied after speculation cuts to corporation and dividend taxes wouldn’t go ahead

The Guardian - UK · Oct 13, 2022

Pound and UK government bonds rally on rumours of more mini-budget U-turns – as it happened

US core inflation hits a 40-year high, triggering expectations of more big rate hikes, as Kwarteng meets IMF leaders in Washington

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