The government is set to raise corporation tax despite promising not to do so in the mini-budget, Sky News understands.
Chancellor Kwasi Kwarteng promised during last month's mini-budget to keep corporation tax at 19% instead of increasing it to 25%, as was planned.
Mr Kwarteng cut short his trip to the International Monetary Fund in Washington DC and returned to the UK on Friday morning as expectations of another significant U-turn mounted.
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