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Kwarteng cuts short IMF visit as UK budget crisis deepens

Hans van Leeuwen

London | UK Chancellor Kwasi Kwarteng on Friday (AEDT) cut short his trip to Washington for the IMF meetings, returning to London amid reports that Prime Minister Liz Truss might reverse more of her market-roiling “mini-budget” to save her sinking premiership.

Dr Kwarteng confirmed to reporters he was flying home early, without giving additional detail. Sources familiar with the matter said he planned to meet colleagues to work on his medium-term budget plan.

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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com

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    Original URL: https://www.afr.com/world/europe/british-pm-prepares-to-abandon-key-tax-cuts-after-market-turmoil-20221014-p5bppp