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

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LONDON, Sept 28 — British finance minister Kwasi Kwarteng is not resigning and there will be no reversal of policy, a Treasury source said today, confirming an earlier report by...

LONDON, Sept 28 — British finance minister Kwasi Kwarteng is not resigning and there will be no reversal of policy, a Treasury source said today, 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. — Reuters

 

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