'I have absolute confidence in Kwasi Kwarteng as chancellor of the exchequer' says minister
Kwasi Kwarteng has landed back in the UK after leaving the US early as his future lies in the balance ahead of another potential mini-budget U-turn.
Sky News believes the freeze in corporation tax will not happen and will instead be increased to 25%. Greg Hands, the international trade minister, said:"I know the prime minister's got total confidence in Kwasi Kwarteng. Mr Hands refused to be drawn on reports they are set to reverse key parts of the tax-cutting mini-budget, which unleashed market turmoil when it was announced last month.
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