Kwasi Kwarteng mini-budget U-turn expected: Chancellor flies home early from Washington amid economic chaos
Mini-budget U-turns expected today
Kwasi Kwarteng has faced heavy criticism from opposition parties as well as his own party members, and claimed that his ‘position hasn’t changed’ when pressured about a potential U-turn on his controversial mini-budget. But Tory MPs have claimed that a U-turn is inevitable, with one Conservative MP telling the BBC:"There is no question in my mind, they’ll have to junk loads of this stuff and U-turn."The chancellor’s early flight home from his meeting with global finance ministers in Washington has prompted questions about whether a U-turn is to be discussed and announced at Downing Street today.
Despite Kwarteng saying “Absolutely, 100%” when asked if he and Liz Truss would still be in office a month from now, several Tory members are rebelling against the current government prompting further suggestions that a U-turn is to be announced on Friday. Kwasi Kwarteng has fuelled rumours that he could perform another mini-budget U-turn, this time on corporation tax.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Read more »
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.
Read more »
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.
Read more »
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
Read more »
Kwasi Kwarteng in Washington DC for talks with IMF as Liz Truss faces revolt at homeThree stories: 🔴 Chancellor in US for talks with IMF as PM faces revolt at home 🔴 Alex Jones ordered to pay $965m to Sandy Hook massacre victims he defamed 🔴 N.Korea says it has test-fired cruise missiles
Read more »