UK finance minister Kwarteng not resigning, no reversal in policy -Treasury source

Kwarteng's tax cut plans, on top of an energy bill bailout, all funded by a huge increase in government borrowing, have triggered financial market chaos.Reporting by Liz Piper, Writing by Kylie MacLellan, editing by William James.

Kwarteng's tax cut plans, on top of an energy bill bailout, all funded by a huge increase in government borrowing, have triggered financial market chaos.Reporting by Liz Piper, Writing by Kylie MacLellan, editing by William James

Incompetent and smug. Not a good mix. Has to go now.

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