Kwasi Kwarteng faces hostile questions from Conservative MPs during first Commons showdown over his mini-budget

Low-income households will have to wait until the end of October to find out if welfare payments will rise with inflation or be subject to a real-terms cut, the chancellor has suggested.

Kwasi Kwarteng sought to calm the markets by proclaiming that his Halloween growth plan would be “relentlessly upbeat”, but faced hostile questions from Tory MPs during the first Commons showdown over September’s mini-budget.

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