Kwasi Kwarteng has insisted the Government's 'position has not changed” as he faces pressure to drop more parts of his disastrous mini-budget.
Kwarteng and Number 10 have insisted no more changes to the package are planned, but markets appear to be anticipating moves to dispense with some of the tax cuts to show a commitment to balancing the country's finances.Kwasi Kwarteng has insisted the Government's "position has not changed” as he faces pressure to drop more parts of his disastrous mini-budget.
He said he was “totally focused” on delivering the tax-cutting plans, which are intended to increase economic growth. Both the Chancellor and Number 10 have insisted no more changes to the package are planned, but markets appear to be anticipating moves to dispense with some of the tax cuts to show a commitment to balancing the country's finances.
Reports suggested that talks are taking place between No 10 and the Treasury about losing other parts of the £43billion tax-cutting plan, including the commitment to drop a planned corporation tax increase. The Government said said “work is ongoing between the Chancellor and the Prime Minister, as you’d expect, ahead of the medium-term fiscal plan” but a spokesperson wouldn't drawn on what the nature of the discussions was, or the possible abandoning of the corporation tax commitment.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Kwasi Kwarteng in Washington DC for talks with IMF as Liz Truss faces revolt at homeThree stories: 🔴 Chancellor in US for talks with IMF as PM faces revolt at home 🔴 Alex Jones ordered to pay $965m to Sandy Hook massacre victims he defamed 🔴 N.Korea says it has test-fired cruise missiles
Læs mere »
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.
Læs mere »
Kwarteng insists no more mini-budget u-turns despite claims government ‘may raise corporation tax’The government will not reverse any more policies from the mini-budget, Kwasi Kwarteng has insisted, despite claims that the corporation tax could go up next year.
Læs mere »