LIZ Truss will hold a press conference today where she’s expected to confirm a SECOND mini-budget u-turn.
The PM is likely to confirm that plans to scrap a rise in corporation tax next year will no longer go ahead.
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Kwasi Kwarteng last night hinted a u-turn on corporation tax was imminent as he said “let’s see” if the promised tax cut goes ahead.
This morning the Chancellor touched down in London after cutting short his US trip to hold urgent talks with Ms Truss.
Rebellious Tory MPs are urging him to row back on his £45billion tax spree to calm the jitters in the money markets.
Mr Kwarteng yesterday admitted his “Growth Plan”, delivered less than three weeks ago, had caused some “turbulence”.
But he remained steadfastly committed to his laser-focused mission to turbocharge the economy – and insisted he was “going nowhere”.
Treasury sources said he was coming back to the UK early to work on his Halloween statement, where he will lay out his plan to wrestle down Britain’s debt.
