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

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British finance minister Kwasi Kwarteng is not resigning and there will be no reversal of policy, a Treasury source said on Wednesday, confirming an earlier report by Sky News political editor Beth Rigby.

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
 

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

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