Author: News Desk

Kwasi Kwarteng flies back from US EARLY for urgent mini-Budget talks with Liz Truss as pair mull another tax cut u-turn The Sun says KWASI Kwarteng has cut short his US trip to hold urgent talks with Liz Truss about whether to do another u-turn on their mini-Budget. The Chancellor is flying back to London from Washington as speculation mounts he is preparing to abandon a flagship pledge to not raise Corporation Tax. Rebellious Tory MPs are urging him to row back on his £45billion tax spree to calm the jitters in the money markets. Mr Kwarteng yesterday admitted his…

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Kwasi Kwarteng dashes home early from US amid tax U-turn chaos The Guardian says Kwasi Kwarteng has dramatically cut short his visit to the International Monetary Fund, flying home early from Washington in response to the mounting political crisis over his tax-cutting budget. Adding to signs that the government is preparing to announce a U-turn over its plan to scrap a rise in corporation tax, the chancellor left the US capital a day earlier than planned. Treasury sources said the chancellor had two constructive days in Washington but was keen to get back to London to engage with colleagues over…

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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…

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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…

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