In full: Kwasi Kwarteng’s BBC interview amid U-turn rumours

Kwasi Kwarteng admits there was “some turbulence” in the economy after last month’s mini-budget.

The chancellor is to set out how he will fund tax cuts and reduce debt on 31 October, amid media speculation of a U-turn.

Asked directly if the government will U-turn on elements of his mini-budget, including corporation tax, he said that he was focused on delivering the plan.

He and Prime Minister Liz Truss are under pressure to rethink their raft of tax cuts,

LIVE: Kwarteng acknowledges turbulence after mini-budget

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