The Latest Breaking News from Downing Street

PM makes second climbdown and sacks chancellor after package of unfunded tax cuts sent the pound tumbling

Liz Truss tore up the mini budget with an £18 billion corporation tax U-turn after sacking Kwasi Kwarteng as Chancellor on Friday. The reversal came as the prime minister held a press conference after a tumultuous day where she sacked Mr Kwarteng, one of her closest allies, and appointed Jeremy…

The chancellor left an IMF meeting in the US early to join discussions in Westminster

Chancellor Kwasi Kwarteng is cutting short a trip to Washington, to fly home and tackle the financial chaos caused from his mini-budget with pressure growing on him and Prime Minister Liz Truss

KWASI Kwarteng appeared not to rule out a U-turn on corporation tax amid growing pressure to abandon more elements of the mini-budget that have…

Kwasi Kwarteng has said he is ‘totally focused’ on delivering the tax-cutting plans in the mini-budget

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

Foreign Secretary James Cleverly said the Government is focused on getting economic growth despite the market turbulence.

From fracking, windfall taxes and tax cuts to Britain's relationship with Emmanuel Macron, Liz Truss is no stranger to a change of heart - and there's plenty more to come from the flip-flopping PM