UK’s Kwarteng asked for a new U-turn and said- no change in its position

British Finance Minister Kwasi Kwarteng said he was focusing on his “mini-budget” and economic growth after the media reported that the government was considering reversing parts of his plan, which would lead to turmoil in financial markets. There has been devastation.

“Our position has not changed. I will come out with a medium-term financial plan on 31 October, as I said earlier in the week, and then there will be more details,” Kwarteng told the BBC on the sidelines of a meeting of finance leaders on Thursday. I advised television International Monetary Fund.

“My entire focus…is on giving mini-budget and ensuring that we get growth back in our economy.”

Asked repeatedly about reports of a possible U-turn on his plan to freeze the corporation tax – rather than allow it to be raised as planned by his predecessor Rishi Sunak – Kwarteng reiterated that he was sticking to his growth plan. Were concentrating.

Sky News and other media said earlier on Thursday that Prime Minister Liz Truss was considering a possible U-turn on a plan not to raise corporate taxes. The truss office said there was no change in the program.

Following those reports, the pound jumped against the US dollar. British government bond prices recovered some of the heavy losses they had made since the Kwarteng’s “mini-budget” announcement on 23 September.

The BBC asked Kwarteng if he would be finance minister and if Truss would continue as prime minister this time next month. Kwarteng replied: “Absolutely, 100%. I’m not going anywhere.”


Hi, my name is Nisha and I'm an educational journalist based in India. I've always been passionate about the power of education to transform lives, and that's what led me to pursue a career in journalism focused on this area. I completed my Bachelor's degree in English from Hindu College in Delhi in 2013 and then went on to earn my Master's in Journalism and Mass Communication from the Indian Institute of Mass Communication in 2017. During my studies, I also completed several short-term courses on Education in India, Sociology, and other related subjects to deepen my knowledge in this field. I'm particularly interested in improving access to quality education in rural areas, where students often face significant challenges. I've worked on a number of initiatives to address this issue, including advocating for better policies, resources, and practices that can make a difference. As an educational journalist, I'm passionate about using my platform to highlight important issues in the education space. I've covered a wide range of topics, including the impact of technology in the classroom, innovative approaches to teaching and learning, and the challenges facing students from marginalized communities. One of the things I love most about my work is the opportunity to constantly learn and grow. I'm an avid reader and believe that reading is key to expanding one's knowledge and perspective. I'm always seeking out new ideas and insights to help me better understand the world around me. In summary, as an educational journalist, I'm dedicated to using my skills and expertise to make a positive impact in the field of education. I'm committed to improving access to quality education for all students and to using my platform to raise awareness about important issues in this area.

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