Author: News Desk

Kwarteng flies back to UK as Tories ‘plot to replace PM’ – live The Independent says Kwasi Kwarteng has cut short his visit to the US for crisis talks over the mini-Budget amid rumours Truss’s government is on the brink of a U-turn over corporation tax cuts. The chancellor has to flown back to the UK to hold discussions with Liz Truss and Conservative MPs, leaving behind a meeting of international finance ministers in Washington. Ms Truss is set to tear up further elements of Kwasi Kwarteng’s fiscal proposal, including a reversal of the proposed corporation tax cuts – a…

Read More

Exclusive: IGP&I says Greek shippers are acting legally, in rebuff to Ukrainian anti-corruption agency A City of London body whose members comprise the world’s biggest shipping insurers is embroiled in a row with Ukraine’s anti-corruption agency over enabling the export of Russian oil, the Guardian can reveal. The International Group of Protection and Indemnity Clubs (IGP&I), whose members insure 90% of the world’s ocean-going tonnage, has enraged Ukrainian officials after failing to dissuade its members from insuring the transport of the Russian fossil fuel. Continue reading… ​Exclusive: IGP&I says Greek shippers are acting legally, in rebuff to Ukrainian anti-corruption agencyA…

Read More

Prime minister to meet Kwasi Kwarteng after early return from US, as pressure builds to scrap planned tax cut Friday’s politics news: latest updates Liz Truss is to hold a press conference on Friday afternoon, as she prepares to U-turn on parts of her mini-budget including her plan to scrap a rise in corporation tax. The prime minister and her chancellor, Kwasi Kwarteng, are due to meet on Friday after he dashed back overnight from an International Monetary Fund (IMF) meeting in Washington to discuss the economic situation. Continue reading… ​Prime minister to meet Kwasi Kwarteng after early return from…

Read More

Kwasi Kwarteng cuts US trip short and flies back to London for crisis talks The Metro says Kwasi Kwarteng has cut short a trip to the US to fly back to London where he is widely expected to announce the mother of all U-turns. The chancellor is under intense pressure to scrap his economic plans after they caused turmoil in the markets and threatened to split the party in two. With the Tories miles behind Labour in the polls and talk of a leadership challenge mounting, there is also speculation Liz Truss could sack her close ally in a bid…

Read More