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    Latest News - News Briefing

    Kwasi Kwarteng dashes home early from US amid tax U-turn chaos

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    By News Desk on October 14, 2022 News Briefing, UK News
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    Chancellor cuts short International Monetary Fund meetings after insisting his job is safe, as Liz Truss appears to take reins on corporation tax cut

    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.

    Continue reading…

    ​Chancellor cuts short International Monetary Fund meetings after insisting his job is safe, as Liz Truss appears to take reins on corporation tax cutKwasi 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. Continue reading… 

    The Guardian
    Previous ArticlePoliceman injured as fans throw chairs and flares during West Ham game
    Next Article Chancellor Kwasi Kwarteng to cut US visit short to deliver yet another major Tory U-turn

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