The Latest Breaking News from Kwasi Kwarteng

Chancellor confirms cuts of up to £18bn for public services amid economic turmoil

CHANCELLOR Kwasi Kwarteng has confirmed that public services face further cuts of up to £18 billion per year.

The National (Scotland) · Oct 3, 2022

Tax U-turn wins Truss some time but damage to credibility remains

PM said she was prepared to make unpopular decisions – but then buckled, so now she will be seen as both unpopular and wrong

The Guardian - UK · Oct 3, 2022

Kwasi Kwarteng admits attending banker champagne reception after mini-Budget ‘wasn’t best idea’

Chancellor admits: ‘With hindsight it probably wasn’t the best day to go’

Evening Standard · Oct 3, 2022

“What an absolute s***show": Voters react to government after income tax U-turn

Chancellor Kwasi Kwarteng has confirmed that the cut in the 45p rate of income tax won't go ahead

Manchester Evening News · Oct 3, 2022

'Utter ineptitude': Nicola Sturgeon reacts to UK Government's 45p tax rate U-turn

FIRST Minister Nicola Sturgeon has reacted to the news that Kwasi Kwarteng will abolish plans to scrap the 45p tax rate for top earners.

The National (Scotland) · Oct 3, 2022

U.K. government reverses tax cut plans for highest earners after outcry

"We get it, and we have listened," Chancellor Kwasi Kwarteng said.

Axios · Oct 3, 2022

UK govt makes humiliating tax cut U-turn

LONDON: The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.

Bangkok Post · Oct 3, 2022

Government drops plans for 45p rate tax cut after mounting opposition

Opposition to the plan included several former Ministers and speculation was growing that the Government could be defeated

Chronicle Live · Oct 3, 2022

Chancellor's 45p income tax rate cut SCRAPPED in major U-turn for government

Mr Kwarteng has confirmed the U-turn in a TV interview in the last few minutes

Manchester Evening News · Oct 3, 2022

UK's Truss forced into tax U-turn after market turmoil, party rebellion

British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets and a rebellion in her party.

Reuters · Oct 3, 2022