The Latest Breaking News from Kwasi Kwarteng

Today programme presenter Nick Robinson brought up a tweet from a TV leadership debate on July 15, where Mr Hands said: 'Rishi speaks out against more debt and “fairytale” economics'.

Mel Stride says that markets won’t be settled if government’s policy change just ‘nibbles at the edges’

Chancellor leaves IMF meetings early but trade minister Greg Hands downplays significance

Jeremy Hunt is the fourth chancellor this year as Liz Truss seeks to shore up support following her disastrous mini-budget

The Chancellor returns to UK for crisis talks with PM following weeks of economic turmoil

Liz Truss announces U-turn on corporation tax but fails to give the reassurances the public and markets were looking for

The Chancellor will fly back to the UK early as pressure grows on the government

Liz Truss has U-turned on her policy to block a planned rise in the rate of corporation tax. Speaking at a press conference in Downing Street, the PM said: “Parts of our mini budget went further and faster than markets were expecting...we will do whatever is necessary to ensure debt…

In today’s newsletter: Today the UK central bank is due to end its rare, urgent bond-buying to help stabilise the economy – but why, and what does it mean for you?