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Chancellor Kwasi Kwarteng has given his clearest indication yet that he's preparing to make another U-turn on his mini-budget, endorsed by the Prime Minister Liz Truss.
In a series of interviews he refused to rule out ditching the corporation tax cut on which Liz Truss staked her campaign for the premiership.
Amid fevered speculation of a volte face, UK government bonds and the pound rallied. "Let's see", Kwasi Kwarteng said to one newspaper.
But the unpalatable truth is that a growing number of the prime minister's own colleagues now see her as doomed either way: if she gives the markets what they want - to her own political cost or - if she doesn't - to the detriment of the British economy.
In a series of interviews he refused to rule out ditching the corporation tax cut on which Liz Truss staked her campaign for the premiership.
Amid fevered speculation of a volte face, UK government bonds and the pound rallied. "Let's see", Kwasi Kwarteng said to one newspaper.
But the unpalatable truth is that a growing number of the prime minister's own colleagues now see her as doomed either way: if she gives the markets what they want - to her own political cost or - if she doesn't - to the detriment of the British economy.
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