The Latest Breaking News from Kwasi Kwarteng

With speculation mounting of another mini-budget U-turn, we look at what the PM and her allies said about her policy

As PM ponders which measures to junk from mini-budget, pound rises by two cents against dollar

He said he and the Prime Minister are 'totally focused' on delivering their growth plan

It was the government that started this fire – but the Bank is proving to be a poor firefighter, says economist Duncan Weldon

The Chancellor has vowed he is “absolutely 100 per cent not going anywhere” as the Government came under pressure to U-turn over key parts of the mini-budget. Kwasi Kwarteng, who is in Washington to meet with the International Monetary Fund, said his “total focus is on delivering on the mini-budget”.…

IMF leaders also had a 'constructive' meeting with Kwarteng

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.

The top Tory admitted there had been 'some turbulence' but insisted he won't quit following the economic turmoil from his calamitous mini-Budget

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.