BBCNEWS BBC News July 7, 2024
u—turn this afternoon, possibly abandoning plans for lower corporation tax. she's due to hold a news conference in about half an hour. kwasi kwarteng has confirmed his being sacked in a letter to the prime minister which begins by saying he had asked him to set aside and that he had accepted amongst the other quotes in a letter saying that the situation he faces is incredibly difficult with raising global interest rates and energy prices and following the status quo was not an option. his letter continues, the economic environment has changed rapidly since we set out the growth pla...