Chancellor Kwasi Kwarteng cuts short visit to the US to hold urgent talks with Liz Truss over the mini-budget Latest
Let's take a look at the front pages of Friday's papers.
Image caption: Senior MPs are holding talks to replace Liz Truss with a "unity candidate", according to the Times. Unlike the summer leadership contest, MPs would propose just one person to succeed the PM - with one of Penny Mordaunt or Rishi Sunak in the top job and the other in a senior cabinet position, the paper notes.Ms Truss is planning to U-turn on her chancellor's mini-budget amid growing pressure from Tory MPs, the Guardian reports.
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Chancellor Kwasi Kwarteng insists he is 'not going anywhere' - and hints at mini-budget U-turnLast week, after open revolt from Tory MPs and a surge in support for Labour in the polls, Ms Truss and Mr Kwarteng abandoned the plan to abolish the highest 45% tax rate.
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Chancellor Kwasi Kwarteng insists he is 'not going anywhere' and is 'totally focused' on growth planLast week, after open revolt from Tory MPs and a surge in support for Labour in the polls, Ms Truss and Mr Kwarteng abandoned the plan to abolish the highest 45% tax rate.
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Liz Truss plans tax cut U-turn while Kwasi Kwarteng is out of the countryThe Prime Minister is understood to be looking at increasing corporation tax next year in a bid to calm the markets after Kwasi Kwarteng’s raft of unfunded tax cuts spooked the financial markets
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Chancellor Kwasi Kwarteng to return to UK early as major mini-budget U-turn expectedKwasi Kwarteng will return to the UK from Washington earlier than planned, as another major mini-budget U-turn is expected.
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Kwasi Kwarteng: I'm not going anywhere, says chancellor“What matters in politics is winning the next election” Ed Costelloe, Grassroots Conservatives Chair, doubts that the government’s economic package can move voting intentions in the Conservative Party’s favour in time for the next election. Newsnight
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