Kwasi Kwarteng could not commit to, nor rule out, a u-turn on yet another policy from the recent mini-budget
Kwasi Kwarteng did not commit to nor rule out a U-turn on corporation tax, despite growing pressure to abandon even more parts of the recent mini-budget which caused market turmoil.
READ MORE: Staff at mental health unit sacked following airing of Panorama investigation which appeared to show alleged abuse of patients Asked if both he and Prime Minister Liz Truss would still be in office in a month, Mr Kwarteng said: “Absolutely 100%. I am not going anywhere.” He told broadcasters: “I speak to No 10, I speak to the Prime Minister all the time. We are totally focused on delivering the growth plan.”
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Chancellor Kwasi Kwarteng insists he is 'not going anywhere' and is 'totally focused' on growth planLast week, after open revolt from Tory MPs and a surge in support for Labour in the polls, Ms Truss and Mr Kwarteng abandoned the plan to abolish the highest 45% tax rate.
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Liz Truss plans tax cut U-turn while Kwasi Kwarteng is out of the countryThe Prime Minister is understood to be looking at increasing corporation tax next year in a bid to calm the markets after Kwasi Kwarteng’s raft of unfunded tax cuts spooked the financial markets
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'I am not going anywhere': Kwasi Kwarteng insists job is safe despite reports another U-turn on tax cuts is on the wayKwasi Kwarteng has insisted the Government's 'position has not changed” as he faces pressure to drop more parts of his disastrous mini-budget.
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