UK’s Kwarteng says will not resign after tax cut U-turn By Reuters
Economy 15 minutes ago (Oct 03, 2022 08:02)
© Reuters. British Chancellor of the Exchequer Kwasi Kwarteng attends Britain’s Conservative Party’s annual conference in Birmingham, Britain, October 3, 2022. REUTERS/Hannah McKay
LONDON (Reuters) – Britain’s finance minister Kwasi Kwarteng said he would not resign after making a humiliating U-turn on cutting the 45% top rate of income tax on Monday, saying the plan had become a “massive distraction”.
Asked if he has considered resigning, Kwarteng told the BBC: “Not at all.”
He declined to admit it was a mistake. “What I admit was that it was a massive distraction on what was a strong package,” he said.
UK’s Kwarteng says will not resign after tax cut U-turn
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