News Formal

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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

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
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

Next

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines