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The Latest Breaking News from Kwasi Kwarteng

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

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

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

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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

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

Chancellor downplays chances of U-turn

The Independent UK

Expectations of imminent Truss U-turn on corporation tax

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

The Independent UK

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

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

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

Manchester Evening News

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.

The Independent UK

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’

Evening Standard

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.

Daily Record

Slapdown for Rees-Mogg over attack on economic forecasters

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

The Independent UK

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

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

Daily Mirror

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The Guardian - UK

‘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

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

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

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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news in one place.

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Evening Standard

Liz Truss faces calls for another U-turn to end economic mayhem

Now is not the time for a change of leader, James Cleverly tells Tory rebels

Insider UK

Liz Truss faces growing pressure to rip up tax-slashing plans

An attempt to win over mutinous MPs at a meeting of the 1922 Committee reportedly failed

Manchester Evening News

Liz Truss leadership 'in peril' after own MPs turn on her in fiery meeting

The Prime Minister was accused of “trashing the last 10 years” of the Tories’ record at a meeting with backbenchers

Daily Mirror

Why Liz Truss' pledge not to cut public spending is not all that it seems

Critics believe the Prime Minister has three options: U-turn and cut spending, U-turn on tax cuts, or keep going and drive the economy off a cliff. Some of the answers may lie in the detail

The Guardian - UK

Liz Truss in fresh peril as senior Tory MPs round on her over economy

PM accused of ‘trashing’ Conservative values and a PMQs performance that was ‘just appalling’

The Independent UK

Liz Truss faces revolt as angry Tory MPs demand U-turns on tax plans

Prime minister accused of ‘trashing 10 years of conservatism’ by angry MP

The Guardian - UK

Cliff edge looms for UK’s financial system

BoE’s move to end bond buying is a big gamble given the magnitude of the bind Britain is in

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