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 key pledge of her leadership election campaign.
