The Latest Breaking News from Kwasi Kwarteng

Corporation tax plans likely to be latest to be dropped – bad news for Kwarteng’s credibility, but good for his balance sheet

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

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.

Chancellor downplays chances of U-turn